Skip to Main Content

How Verisk’s survey services can help enhance profitability

Insurers are always looking to improve portfolio performance and grow their business by adding new customers and maximizing profits on existing customers. In either case, it’s vital to price policies correctly, adjust for exposure changes at renewals, and keep loss ratios down. A recent Verisk study of our customers uncovered a correlation between profitability and the use of our surveys, and that report is available now.

Verisk found that its surveys can help insurers manage underwriting expenses and get a more complete picture of risks across commercial property lines. Other key highlights of the report include the following:

  • On average, Verisk’s survey customers had general expense ratios (GERs) that were about one point better than the industry average.
  • Potential savings in annual expenses could translate to roughly $100 million at the industry level (based on 2017 premium dollars).
  • Customers who ramped up their survey orders grew premiums the fastest.

You can download the report here.

Verisk employs 500 full-time, nationwide field analysts who average nearly 12 years of experience and perform 350,000 surveys each year. Learn more about Verisk’s survey services.

Robert Andrews

Robert Andrews is vice president and chief field operations officer at Verisk. You can contact him at

Visualize Subscribe

Get the best of Visualize!

Get the latest news and insights straight to your inbox.

Subscribe now

You will soon be redirected to the 3E website. If the page has not redirected, please visit the 3E site here. Please visit our newsroom to learn more about this agreement: Verisk Announces Sale of 3E Business to New Mountain Capital.