Rating Integrity

1/6/2023 - 6 min read

Pricing physical damage for commercial auto in an era of inflation

The rising cost of physical damage claims has auto insurers asking questions about premium adequacy.

1/4/2023 - 2 min read

Do you have the right tools to assess the nonstandard auto market?

There’s a serious need for actuarial insights focused specifically on the highly competitive market of non-standard auto insurance.

10/31/2022 - 2 min read

Keeping pulse: Tracking the latest price surges to maintain ITV

Verisk data shows the cost to rebuild a property is still more than 11 percent higher, on average, than it was pre-pandemic.

10/19/2022 - 3 min read

Hurricane Ian and other pressures drive uptick in reconstruction costs

Total reconstruction costs, including materials and retail labor, increased by 9.3% from October 2021 to October 2022.

10/3/2022 - 3 min read

Non-rate actions: Dial in profit during a hard personal auto market

Non-rate actions that don’t require a rate filing are one of the fastest ways to help with insurers’ profitability during a hard market.

9/27/2022 - 2 min read

For insurers, a map to more accurate insurance classifications

Verisk's new PAAS Explorer can save insurers time and help prevent premium leakage.

9/27/2022 - 3 min read

What insurers need to know about ISO Commercial Lines Manual rating engine vendors

Here's the difference between an insurance rating engine that uses ISO Electronic Rating Content™ (ISO ERC) and one that doesn't.

9/6/2022 - 2 min read

How innovative insurers can launch commercial lines products faster

Learn how commercial lines insurers are leveraging the power of a standardized rating engine to help them spin up new products quickly.

5/9/2022 - 1 min read

Know a vehicle’s history to achieve more precise rating segmentation

Auto History Score is purpose-built using modeled data, correlated with future claims, to help auto insurers refine rating segmentation.

5/5/2022 - 7 min read

Between a rock and a hard market: Solutions for personal auto

Personal auto insurance is set for a hard market in 2022 as claim frequency and severity rise amid inflationary pressures and risky driving.

4/22/2022 - 3 min read

Cloud-based rating can free commercial insurers to focus on growth

Rating-as-a-Service (RaaS) allows insurers to receive Verisk’s ISO Electronic Rating Content (ERC) with a cloud-based API.

3/31/2022 - 1 min read

Personal lines insurance quoting can be a smoother journey—no kidding

Personal lines insurers seek fast quoting for better customer experiences (CX), but they also need rigorous cost and underwriting controls.

3/22/2022 - 4 min read

Navigating Florida’s complex market with extensive, current roof data

Homeowners insurers and their customers in Florida are navigating a turbulent market, and roof coverage figures prominently in the turmoil.

3/11/2022 - 4 min read

How to extract more value from auto insurance underwriting data

Competition and growing digital information sources demand that auto insurers balance underwriting data consumption with cost efficiency.

3/2/2022 - 3 min read

Automating more homeowners quotes via efficient, reliable underwriting

Automated underwriting can help homeowners insurers be thorough, consistent, and fast with timely, actionable data and analytics.