Risk Assessment

6/22/2023 - 1 min read

A robust BOP ecosystem helps drive two small commercial growth stories

Starting a businessowners insurance policy program begins with understanding the opportunity and continues with gathering the components

6/20/2023 - 3 min read

Reconstruction costs vs. market value: the hidden coverage crisis

Market value and reconstruction cost estimates are unique measures subject to different forces; only RCEs should be used for coverage.

5/31/2023 - 5 min read

Climate change vs. climate variability: their impact on insured losses

Catastrophe models help better understand and quantify insured losses caused by climate change and climate variability.

5/30/2023 - 3 min read

Wildfire: Insurers and communities adapt to an ever-growing threat

Wildfires have moved rapidly to the fore as an exposure for insurers to understand and manage in states at high risk for this peril.

5/30/2023 - 3 min read

Bringing a BOP program to market with comprehensive tools and support

The ISO businessowners policy program is ready out of the box to meet many carrier requirements

5/16/2023 - 3 min read

Innovative VIN Decode Solution for Commercial Auto Insurance

Understanding vehicle risk is critical to improve segmentation, refine pricing and enhance profitability. Gain insights from 50+ components.

5/4/2023 - 2 min read

What happens after catastrophes? Protection in a time of loss

Despite mitigation measures, natural hazards may still cause damage, and insurers need actionable data to guide underwriting and pricing.

5/4/2023 - 3 min read

How insurtech can better determine sufficient contents coverage

From estimating to calculating: Predictive modeling and machine learning remove the guesswork from evaluations.

5/1/2023 - 2 min read

It’s a good time for insurers to consider a businessowners program

Solutions to ease entry into the businessowners policy program market and sustain that business across the value chain.

4/28/2023 - 0 min read

Having the best of both worlds in property and auto inspections

Determining or verifying key risk characteristics of insured property or vehicles can be costly, labor-intensive, and time-consuming.

4/12/2023 - 2 min read

Reconstruction cost dips signal increased market stabilization

Total reconstruction costs, including materials and labor, increased 3.1% from April 2022 to 2023. Costs continue to slow down and steady.

4/6/2023 - 2 min read

Severe thunderstorms and hail: Concentrated events that pack a punch

Severe thunderstorms are a common natural phenomenon in the US, causing more than half of annual reported insured losses since 1985.

4/3/2023 - 2 min read

Uncover the Undetected Fraud in Your Claim

Annually, insurance fraud steals roughly $308.6B from American consumers. Self-insureds could be vulnerable to insurance fraud and undetected leakage.

3/6/2023 - 5 min read

How non-rate actions are easing personal auto profitability pressures

Verisk has seen a marked increase in insurers seeking strategic sourcing of non-rate actions to confront premium leakage in 2023.

2/27/2023 - 5 min read

Which emerging issue will shape the P/C industry in 2023…and beyond

The 2023 Emerging Issues Bracket Challenge is our opportunity to see which issues have your attention this year.