Predictive Analytics
One-rate auto insurers can own the future
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.
More is more: Why 100 billion miles of driving data matter
Multisource telematics data needs advanced analytics like artificial intelligence and machine learning to yield insight for insurers, but volume also matters.
AER and team demonstrate benefits of using machine learning in subseasonal-to-seasonal forecasting
A team from Verisk's Atmospheric and Environmental Research (AER), Massachusetts Institute of Technology (MIT), Microsoft Research, and Stanford University published an…
Rate Call 2 is a dinosaur; InsurTech is the incoming meteor
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.
Aerial imagery, artificial intelligence, and automation on display during 2018 Verisk Risk & Analytics Summit
Aerial imagery, connected cars and homes, artificial intelligence, and automation were just a few of the topics discussed at the third annual Verisk Risk & Analytics…
Millennial impact: Preparing for the generational shift in workers’ comp
Workplace demographics are rapidly changing, and if insurers don’t prepare, they’ll face significant challenges. Millennials will make up 75 percent of the workforce by…
Analyze this: Why workers’ comp data gives insurers a strategic advantage
Data analytics has become a key driver in the development of business strategy for leading corporations, and workers’ compensation insurers are uniquely positioned to…
ISO Education releases 30 e-learning courses in first year
More than a year has passed since ISO Education, an online learning platform, went live. To date, more than 30 new courses have been released that offer training on a…
Interview: How innovative has InsurTech been?
Mark Breading, partner with Strategy Meets Action, spoke with Verisk’s Steve Lekas on the emerging InsurTech movement at Verisk’s Risk & Analytics Summit.
The missing piece in commercial auto risk assessment: Vehicle characteristics
The sources of risk for a commercial auto policy can be largely broken down into three main categories: what vehicle is being driven, how and where is it driven, and who…
Three keys to success for insurers in the age of disruption
Our economy is in the midst of major disruption, with technology and pressure from insurtech startups changing almost everything we do and the way our customers behave.
What happens to analytics when your data stinks?
Are you deriving the maximum possible return from your analytics? Would you know if you weren’t? A new ISO and Earnix survey on analytic practices by property/casualty…
Defining the nuances of data, information, and knowledge
Data-driven, big data. Knowledge worker, knowledge management. Information economy, information age. Such terms are tossed around all the time, but what do they really…
Auto frequency, severity: Woes persist
An updated Verisk analysis shows that the elevated auto claim frequency and severity that emerged in 2014 and continued into 2015 did not subside in 2016.
Hurricane preparation for underwriters
Since April 2011, Verisk’s ISO field analysts have collected enhanced wind rating data from building surveys, including information on more than 40 characteristics…