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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
Recruiting and retaining talent, a perennial challenge in any industry, is especially daunting for insurance companies now. According to the Jacobson Q1 2023 Insurance Labor Market report, two-thirds ...
While small commercial insurers focus on landing new business and hitting growth targets in a fast-paced market, unknown risks can quietly emerge in their renewal book. An evolving business may ...
Managing general agents (MGAs) are having a moment. One study estimated that following years of significant growth, the total MGA market exceeded $70 billion in direct written premiums in 2021.[1] As ...
Feeling the squeeze of an unprecedented hard market at a time when rate adequacy may be an ongoing challenge, throughout the fourth quarter of 2022, I met with personal auto insurance carriers across ...
Experienced field representatives have long been foundational to surveying commercial properties for insurance coverage, and they still are. A knowledgeable professional on-site can reliably collect ...
The phone rings, and it's an agent on the line letting you know an email is heading to your inbox about a commercial property that needs insurance coverage. While this happens routinely in your work ...
Total reconstruction costs, including materials and retail labor, increased 6.8% from January 2022 to January 2023. This slight drop follows the 9.3% increase from October 2021 to October 2022. ...
Actuaries know there are many, many kinds of distributions, all with different applications. Linguists often use the Zipf-Mandelbrot ("Z-M") Law to measure how often a word appears in a body of text. ...
Commercial property insurers don't want some or even most of the data about the buildings in their portfolios. They want all of the key data at their fingertips when a prospective client is waiting ...
The squeeze on insurers' margins is a dramatic change from the start of the pandemic, but there are innovations that can help segment risk more accurately and lower underwriting expenses. Modern ...