Total reconstruction costs, including materials and labor, increased 6.8% from January 2022 to January 2023, a drop from the last quarter.
Prefill application details, amplified with analytics, can fuel small commercial underwriting automation by tapping unstructured data
Verisk data shows the cost to rebuild a property is still more than 11 percent higher, on average, than it was pre-pandemic.
Automated underwriting requires high-quality data. The quote must be informed by a holistic view of the applicant’s risk profile.
Verisk’s Climate Change Projections help organizations investigate how loss metrics such as average annual losses (AALs) and return period may change in the future.
Total reconstruction costs, including materials and retail labor, increased by 9.3% from October 2021 to October 2022.
Taking into consideration the nuances of the property you’re insuring can help you take charge of multifaceted risk factors.
Here's the difference between an insurance rating engine that uses ISO Electronic Rating Content™ (ISO ERC) and one that doesn't.
Is the process of updating your commercial lines insurance rating content keeping you up nights? It's time for a cloud rating engine.
While Q1 2022 brought underwriting gains for P/C insurers, inflation continued to create significant challenges for insurers.
Learn how commercial lines insurers are leveraging the power of a standardized rating engine to help them spin up new products quickly.
Enhance ITV at bind and renewal with 360Value for Commercial Property, which includes monthly price updates based on localized claims.
Here's how insurers can stay updated on Verisk coverage and actuarial product updates.
Verisk works with fire protection, scientific, and insurance community to provide technology to manage and mitigate wildfire risk.
Verisk's 360Value Quarterly Reconstruction Cost Analysis shows materials and labor prices rose 3 percent from July 2021 to July 2022.
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