The growing number of smart devices in households and the fact that Parks Associates estimates that up to 25 percent of U.S. broadband households utilize a security…
Underreported mileage is a major factor in claim volume, driving more than $5 billion each year in premium leakage.
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…
Although the insurance industry is constantly plagued by suspicious claims activity, the unseen menace is medical provider fraud, waste, and abuse.
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.
A Verisk analysis reveals that misinformation about insured vehicles accounts for billions of dollars in premium leakage for personal auto insurers.
Insurers regularly need to develop customized updates to coverage forms, but are faced with challenges because they rely on manual processes and inadequate technology.
An ISO study has found millennials are not unlike their parents when it comes to insurance.
Since the initial trials of UBI, three cost factors have been the primary considerations as to how and what data elements each company collects.
A Verisk analysis found more than 10 percent of auto policies had verifiable garaging address defects—and that adds up to $3 billion in annual premium leakage.
Telematics, advanced driver-assistance systems, and autonomous vehicles are rapidly refining risk management. Will traditional auto policies one day go the way of the…
Drones are expected to have a $6.8 billion impact on the insurance industry.
In the continuing “Connected” series for Visualize, Verisk IoT experts Dawn Mortimer and Drew Doleski discuss best practices for launching a smart home pilot…
For insurers developing UBI programs or considering this market, the journey begins with usable data—and the Verisk Data Exchange has it.
Designated GOES-R prior to launch, the satellite became GOES-16 after successful initial on-orbit checkout when it joined NOAA’s constellation of weather satellites in…