Many insurers have significant potential to generate lift by aligning rates more closely with underlying risk levels.
Verisk studies show by-peril rating enhances market share and profitability for homeowners insurers.
Insurers can better understand property flood risk by surveying exposures and accounting for building characteristics at the point of underwriting.
Reconstruction cost trends for January 2015 as reported in 360Value Quarterly Cost Update by Verisk. Used for insurance-to-value (ITV) coverage A estimates.
Reconstruction cost trends for October 2015 as reported in 360Value Quarterly Cost Update by Verisk. Used for insurance-to-value (ITV) coverage A estimates.
Verisk sees significant opportunities for homeowners insurers to use geospatial data in property inspections.
Survey finds majority of large homeowners insurers are incorporating by-peril rating structures, predictive analytics to more closely align premium to risk.
Reconstruction cost trends for October 2014 as reported in 360Value Quarterly Cost Update by Verisk. Used for insurance-to-value (ITV), coverage A estimates.
The ISO Risk Analyzer in 360Value helps underwriters assess property-specific peril risks to better project replacement cost estimates.
Reconstruction cost trends for July 2014 as reported in 360Value Quarterly Cost Update by Verisk. Used for insurance-to-value (ITV) coverage A estimates.
Learn how property slope and site access may affect insurance coverage limits.
Verisk Insurance Solutions is adding property slope and site access to the list of building characteristics offered in its 360Value property prefill offering.
For most people, a home is their most valuable and prized possession. As such, homeowners have a pretty good idea of what it’s worth, often based on their perception of…
Reconstruction cost trends for January 2014 as reported in 360Value Quarterly Cost Update by Verisk. Used for insurance-to-value (ITV) coverage A estimates.
Emerging mobile-based technologies hold great promise for the homeowners insurance industry.