Verisk is providing additional detail on when and how we verify and update data in our ProMetrix commercial property reports.
Hear Chris Palermo, senior product manager of commercial underwriting, share the benefits of pairing high-tech underwriting tools with on-site expertise to refresh data more often.
When you generate a Building Underwriting Report (BUR) or Property Details Report (PDR), you’ll see exactly when and how we continually update our data in a new executive summary that highlights core underwriting attributes: Construction, occupancy, and protection.
When Verisk set the goal of providing a 100 percent fill rate for the five core attributes required for effective underwriting, the objective wasn’t just providing more data. It was imperative to pair high-tech expertise with deep domain experience in commercial property insurance to produce data that can help drive more informed and effective underwriting decisions. At the core of Verisk’s data-collection strategies is a team of 400-plus field survey professionals who understand how property attributes can affect loss costs and claims. Their expertise and rigorous quality standards provide the foundation of ProMetrix, whether the data is generated in the field, virtually, or with advanced computer models.
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