Verisk InsurTech – Reimagining the Future

3/30/2018 - 2 min read

Finding the opportunity in cyber risk

Awareness of cyber risk and its potential impact is growing. Therein lies an opportunity for commercial insurers, according to a recently released Verisk white paper.

3/23/2018 - 1 min read

Faster property insurance quoting driven by data

Consumer expectations are rapidly changing, and insurers are constantly being challenged to improve their customer experience. But making quick underwriting decisions without reliable property data can often result in inaccurate rates, pre-bind defection, and abandoned quotes. Now there's SmartSource.

3/19/2018 - 7 min read

Consumers win when builders of smart homes partner with insurers

As smart homes become self-taught, the knowledge they collect can stock a warehouse of data for the homeowner’s insurer, supporting tailored underwriting and pricing, more accurate underwriting, faster claims response, and more effective customer engagement to reduce risk.

3/15/2018 - 3 min read

Keeping all your forms in harmony

Insurers need to act expeditiously to update their forms that are outdated and ensure that their cancellation and nonrenewal provisions are consistent with the law.

2/2/2018 - 3 min read

Build sheet data: Keeping pace with the cars

New vehicle owners are driving in an ever-denser cocoon of convenience and safety features.

1/22/2018 - 2 min read

Tapping into the value of ground-truth data

Advances in geospatial and remote sensing technology offer insurers more ways to learn about properties and risks in greater detail than ever before.

1/9/2018 - 2 min read

Turning profitable: What commercial auto insurers should know

Commercial auto underwriting losses are growing 16.2 percent annually. But some insurers are thriving—and making handsome profits. Here’s what they’re doing differently.

12/5/2017 - 2 min read

Recapturing $6.4 billion in commercial auto premium leakage

Verisk’s report provides an analysis of the causes, scope, and remedies for the problems plaguing many insurers in the commercial auto market.

11/30/2017 - 7 min read

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.

Verisk Solution Insights Riskanalyzer For Commercial Auto

11/29/2017 - 7 min read

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 is driving. As an industry, we’ve made great advances in determining who is driving and in understanding how and where a vehicle is driven. But how are we addressing the question of what vehicle is being driven?

Insurtech And Disruption Verisk Risk And Analytics Conference

11/9/2017 - 2 min read

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.

10/25/2017 - 3 min read

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 insurers in North America revealed key successes and challenges insurers experience.

10/3/2017 - 8 min read

Verisk InsurTech – Reimagining the Future

Finding the opportunity in cyber risk

Faster property insurance quoting driven by data

Consumers win when builders of smart homes partner with insurers

Keeping all your forms in harmony

Build sheet data: Keeping pace with the cars

Tapping into the value of ground-truth data

Turning profitable: What commercial auto insurers should know

Recapturing $6.4 billion in commercial auto premium leakage

Interview: How innovative has InsurTech been?

The missing piece in commercial auto risk assessment: Vehicle characteristics

Three keys to success for insurers in the age of disruption

What happens to analytics when your data stinks?

How smart devices are providing the data claims professionals need

Mileage drives $5 billion in annual premium leakage

Defining the nuances of data, information, and knowledge