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Brand Spotlight Verisk
Verisk is a leading provider of advanced tools and analytics for the property/casualty insurance industry. Drawing on unique data assets and deep domain expertise in actuarial science, artificial intelligence, telematics, and insurance, Verisk helps carriers underwrite and price risks with greater precision and efficiency and manage claims more effectively across the spectrum of commercial and personal lines.
For nearly 50 years, Verisk has been a leader in developing innovative solutions and working with multiple stakeholders in the property/casualty insurance marketplace, including insurers, reinsurers, third-party administrators, agents and brokers, insurance regulators, and risk managers.
www.verisk.com/insurance
The property/casualty insurance industry is constantly evolving with new regulations, risks, and customer expectations. To stay competitive and rate their policies quickly and accurately, insurers ...
SUMMARY Since the pandemic lockdowns of 2020, the personal auto insurance industry hit a rough patch in 2021, went into a ditch in 2022, and is now off-roading.
Coming off record-setting ...
Profitability challenges are widely recognized in commercial auto underwriting. The industry has struggled to achieve underwriting profitability in the past 11 years with a combined ratio over 100, ...
Rapid change is pushing small businesses to be agile, adjusting their products or services to keep up. That means a one-size-fits-all approach to insurance coverage isn't an option—even in a market ...
Wildfires continued to be costly for many insurers, resulting in billions of dollars in losses, and possibly growing. According to data from the National Interagency Fire Center, in 2022 there were ...
Verisk recently released its latest 360Value® Quarterly Reconstruction Cost Analysis. Total reconstruction costs, including materials and retail labor, increased 5.1% from October 2022 to October ...
When it comes to the insurance industry's journey toward digitization, the small commercial market is leading the way with the ultimate goal of "zero" – as in applicants having to answer zero ...
Assessing the roof on a commercial property involves more than an isolated snapshot of a single building component. A roof can tell the story of past events and possible future exposures affecting an ...
The commercial auto industry is facing profitability challenges now more than ever. A hard market, increased risky driving behavior,[1] and rising social inflation costing over $20 billion in the ...
Maintaining insurance-to-value (ITV) remains challenging for property insurers in today's volatile market. Cost increases driven by post-pandemic inflation, recent catastrophes such as the Canadian ...