Severe thunderstorms are a common natural phenomenon in the US, causing more than half of annual reported insured losses since 1985.
A portfolio analysis can uncover new risks, reveal opportunities to true up coverages, and show where rate increases may be warranted
Technology and data are expanding survey capabilities beyond on-site inspections to provide critical commercial property information.
The truest test of an ITV solution is how it performs with actual losses, which can yield critical data to validate and calibrate RCEs.
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.
You will soon be redirected to the 3E website. If the page has not redirected, please visit the 3E site here. Please visit our newsroom to learn more about this agreement: Verisk Announces Sale of 3E Business to New Mountain Capital.