Archived Articles | Verisk Review

2010: The Year in Review by Gary Kerney, Assistant Vice President, ISO Property Claim Services The year 2010 is memorable for two reasons: the large number of catastrophes declared by Property Claim Services ® (PCS ® ) and the absence of a major landfalling tropical system, even though the season...
2011: A Year to Remember By Gary Kerney, Assistant Vice President, ISO Property Claim Services We will remember 2011 as a year of unprecedented international catastrophe activity. Here in the United States, PCS declared 30 catastrophes that, based on its current estimates, caused more than $32 billion of insured property...
2013: The Pendulum Swings By Christopher H. Perini Familiar risks have grown, and new risks have emerged — both of which augment the need for far greater actionable knowledge on the part of underwriters, risk professionals, and business leaders. Last year may have been a turning point. The pendulum of...
Adopting an Integrated Prepayment Process for Overpayment and Fraud Analysis by Gary Twigg Identifying fraud, waste, and abuse is a crucial component in the overall strategy to reduce spiraling medical costs. In recent years, Medicare, Medicaid, property/casualty insurers, and private insurers have invested millions of dollars to keep ahead of...
Advantages of By-Peril Rating for Homeowners Insurance By Douglas Wing Insurers come in a variety of forms — varying by size, the type of insurance they write, and overall goals. Regardless of size and type of insurance, virtually all carriers place at least one of the ­following three goals at...
Agency Perspectives: Agent Tools Help with Risk, Accounts Steven Di Peri, business development manager, Risk and Compliance at Verisk Analytics, recently spoke to AMBestTV in Denver during the RIMS 2014 conference. Di Peri explained how independent agencies will remain relevant and grow their business in the age of the digital...
Analytics Capabilities to Level the Playing Field By Chris Early The use of analytics has become table stakes in the insurance industry in general but especially for personal lines auto. Since the mid-1990s, the number of personal lines auto insurers has decreased by a third, and direct written premium for...
Analytics and Risk Management for Supply Chain Efficiency By Scott G. Stephenson In today's global business landscape, viewing the supply chain as a set of tangible assets and related liabilities to be managed and insured is no longer sufficient. Rather, increased risk exposure requires a holistic risk management program that...
Analytic Capabilities: Your Customer and You By Marty Ellingsworth What's the best way to ruin your business? Ignore your customers, charge high prices, and deliver less value than your competition. Each driver, homeowner, renter, business owner, factory operator, risk manager, agent, broker, or web user will perceive you as inaccessible,...
An Analysis of Fire Service Trends and Impacts By Rick Stoll Other than those who work in the fire service, people don't usually think about the risks of fire — perhaps except when they see a fire truck going down the street. Those in the fire service, however, are focused...
Applying Analytics for More Actionable Claims Information By Michael Rivers More and more insurers are recognizing the benefits of using business intelligence and analytics to improve claims decision making — and with good reason. These tools help people do their jobs more efficiently and more effectively, resulting in a positive...
Appraisal Management Company Quality Control: Getting It Right By George Opelka Those doing business in the U.S. mortgage lending industry are operating in an extremely complicated environment. Those working on the collateral valuation side of the transaction know it all too well. New rules and the regulatory changes being implemented...