Harnessing unstructured data introduces more data points, granular information, and timeliness to help insurers underwrite with greater speed and accuracy.
Application integrity for personal auto insurance has deteriorated more than 20 percent over the past eight years, according to Verisk research.
Verisk’s 360Value® reconstruction cost estimating tool can help insurers maintain ITV for older homes that have more varied building materials and techniques.
Geodemographic segmentation gains traction as a way for insurers to identify groups that share similar characteristics for market analysis and decision-making.
Commercial auto insurers are responding to the accelerating on-demand economy with new products that are more flexible and responsive to the changing marketplace as well…
Learn how Verisk's Cyber Underwriting Report can help speed your cyber insurance workflow.
Writing small commercial insurance profitably depends on effective underwriting guidelines joined with integrated, high-quality data.
Average motor vehicle report (MVR) fees have have increased further, according to the latest Verisk analysis.
Verisk and Equifax have joined to create Inflection, a credit-based insurance score powered by a trended-credit model to increase its predictive potential.
Digital transformation can play a key role in boosting the number of auto insurance customers who make a seamless journey from quote start to bind.
Substantial investments can keep companies anchored to legacy processes, but auto insurers may need to rethink their quote flows to pursue profitable growth.
Competition and tight margins have driven many personal auto insurers to a sales process in which a customer may see the quoted rate change before bind.
The growth of smartphones and online shopping has changed consumers' expectations. They want a fast, accurate, and personalized buying experience. They want coverages for…
A few generations ago, it took some time to produce an auto insurance quote, but it was usually reliable.
Insurers should not be asking, 'Will millennials need coverage?' but rather, 'How can we effectively provide coverage to this market segment?'