Verisk Insurance Solutions - Underwriting Archives

Mobile apps: Are pictures the next big insurance innovation?

What if new customers used their smartphones to upload a few photos of their cars, trucks, motor homes, recreational vehicles, or interior features of their homes? Insurance companies have been busy ...

The year of the roof: Stemming losses from hail and other severe thunderstorm components

In the Visualize Q1 2013 issue, we discussed increases in catastrophe losses that insurers have seen over the past several years. One peril causing significant pain is severe thunderstorm, which ...

Prefill Provides Better Service, Lowers Operational Expenses, and Improves Premium Accuracy

It's no secret that insurance is an intensely competitive business. The property/casualty industry spends more than $4 billion annually in clever advertising campaigns vying for consumers seeking ...

Rethinking catastrophe risk management at the point of underwriting

After years of reduced interest income, insurers are seeking help from other sources of revenue to achieve profitability. For many companies, the task of contributing more to the bottom line is ...

The imprecise use of claims information in underwriting

It started with auto loss history reports Twenty-five years ago, the auto insurance industry began using auto loss history reports as part of the underwriting process. Today, most carriers consider ...

Auto insurance fraud: Is there a solution?

Industry estimates put personal auto insurance fraud at about 10 percent of paid losses and loss adjustment expenses a year. That equates to roughly $13.3 billion in 2011 alone. And the overall ...

Verisk Insurance Solutions – Underwriting

We provide underwriting information and services to property and auto insurers, helping them manage risk, reduce policy acquisition costs, improve rate classification integrity, and support their ...