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Renewal Analytics

Q1 Quarterly Report 23 1 1
October 13, 2023

Mild reconstruction cost rise signals stabilizing market

Total reconstruction costs increased 5.1% from October 2022 to 2023. This uptick follows the 4.3% increase from July 2022 to July 2023.

Construction Site Teaser
September 26, 2023

Exploring a future look at reconstruction cost trends

To help insurers navigate the increasing complexity in the market, Verisk has developed the Market Expectations Index for 360Value.

Prefill Data Workflows Teaser
August 15, 2023

Smarter and faster: Prefill data to help accelerate workflows

Current and curated data about a structure’s age, square footage, and use are the backbone of reliable reconstruction cost estimates (RCEs).

Q1 Quarterly Report 23 1
July 13, 2023

Quarterly reconstruction cost increases continue to steady

Total reconstruction costs increased 4.3% from July 2022 to July 2023. This uptick follows the 3.1% increase from April 2022 to April 2023.

Reconstruction Teaser
June 20, 2023

Reconstruction costs vs. market value: the hidden coverage crisis

Market value and reconstruction cost estimates are unique measures subject to different forces; only RCEs should be used for coverage.

After Catastrophes
May 4, 2023

What happens after catastrophes? Protection in a time of loss

Despite mitigation measures, natural hazards may still cause damage, and insurers need actionable data to guide underwriting and pricing.

Insurtech Teaser
May 4, 2023

How insurtech can better determine sufficient contents coverage

From estimating to calculating: Predictive modeling and machine learning remove the guesswork from evaluations.

Q1 Quarterly Report 23
January 18, 2023

As increases slow, reconstruction costs show signs of stabilizing

Total reconstruction costs, including materials and labor, increased 6.8% from January 2022 to January 2023, a drop from the last quarter.

Underinsurance Report Teaser
October 31, 2022

Keeping pulse: Tracking the latest price surges to maintain ITV

Verisk data shows the cost to rebuild a property is still more than 11 percent higher, on average, than it was pre-pandemic.

Roof Florida
July 15, 2022

Taking a data-driven view of evolving Florida roof risk

Florida’s statutory environment surrounding coverage for roofs may demand more robust data to clarify risk amid increasing complexity.

Reliable Commercial Property Valuations
March 9, 2022

Three strategies for reliable commercial property valuations

Enhance ITV with 360Value for Commercial Property, which includes monthly price updates and an a pioneering method for estimating contents.

Undisclosed Drivers In Insurance Portfolios
December 6, 2021

Identify hidden drivers throughout the policy life cycle

Undisclosed drivers cause the most premium leakage in auto insurance, but data across the policy life cycle can help tackle the problem.

Teaser
September 30, 2021

Accelerating competitiveness with a digital auto insurance ecosystem

How can auto insurance leaders adapt and stay competitive amid evolving pandemic-related trends? The key may be a digital ecosystem.

Teaser
September 14, 2021

Unpacking the 2021 new normal for personal auto mileage

Personal auto mileage has fluctuated widely through the pandemic and the emerging new normal. It may be time for insurers to leverage analytics to avoid premium leakage.

Teaser
August 20, 2021

Steady increases continue for motor vehicle report fees

The cost of motor vehicle reports (MVRs) continues to climb for insurers; the latest Verisk analysis shows the nationwide average at $10.32.

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