By collecting and using data from multiple sources, insurers can segment risks to develop profitable, competitive insurance policies.
There are three primary strategies that insurers can implement to manage the risk of future hailstorm losses.
Verisk’s Property Claim Services review of 2013 catastrophes shows a lack of major hurricanes and frequent thunderstorm activity.
Reconstruction cost trends for January 2014 as reported in 360Value Quarterly Cost Update by Verisk. Used for insurance-to-value (ITV) coverage A estimates.
New Verisk Insurance Solutions' analytical tool improves risk assessment at a highly refined level of geography.
The third quarter of 2013's eight catastrophes — all wind and thunderstorm events — incurred $1.8 billion in insured losses.
Reconstruction cost trends for October 2013 as reported in 360Value Quarterly Cost Update by Verisk. Used for insurance-to-value (ITV), coverage A estimates.
New Verisk LOCATION services help insurers quickly and accurately determine correct premium tax for insureds and data on building code enforcement.
Virtual property inspections can save insurers time and money.
Benchmarking analytics, when done right, uses the power of aggregated industry underwriting data for insurer growth and differentiation.
Reconstruction cost trends for July 2013 as reported in 360Value Quarterly Cost Update by Verisk. Used for insurance-to-value (ITV) coverage A estimates.
Q1 2013 had the smallest number of catastrophes since 2002 and the lowest losses since 2007, totaling $1.6 billion in losses.
Residents of El Paso County, site of the Black Forest fire, filed more than $365 million in claims, according to Verisk's Property Claim Services.
When a rare EF5 tornado touched down in Moore, Oklahoma, AER, Xactware, and AIR Worldwide provided lessons the industry can apply to future storms.
One peril causing homeowners insurers significant pain is severe thunderstorm, which includes tornadoes, hail, and straight-line winds — all of which can cause…
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