Verisk Underwriting

#DYK? Verisk collaborates with the National Fire Protection Association® (NFPA®) to provide community-level mitigation insights and help support a more comprehensive risk management strategy for wildfire in western U.S. states. In 2021, Verisk began leveraging data from NFPA’s Firewise USA Program, which tracks thousands of communities engaging in wildfire mitigation efforts. Verisk uses that dataset for property-level analytics that insurers can use to refine underwriting and support carriers’ needs for regulatory compliance resources. #Wildfire #Risk #Insurance #Underwriting #Firewise

Verisk has teamed up with Ordnance Survey to strengthen the OS National Geographic Database with our buildings data enhancements. Through this integration, the OS NGD is now able to offer insights that are transforming the way Britain understands and utilises its built environment. Read more: https://vrsk.co/3T57iUs #RiskManagement #OSPartner #PSGA #UK

🚨Webcast Alert! We are excited to sponsor PropertyCasualty360’s webcast “Enhance Your Rate Planning With the New ISO Experience Index” on September 18 at 2 PM ET. Learn more about innovative tools in the industry that can offer responsive and detailed insights to manage rate planning and review cycles effectively. Gain a deeper understanding of: ✔️Gaps in your current rate management strategy ✔️Recent loss trends in homeowners insurance ✔️The new ISO Experience Index and its potential benefits Register now! https://vrsk.co/3T5kEQS #Insurance #Webinar #Underwriting

Don't let underinsurance catch you off guard! Rising material and labor costs are making it tough to accurately estimate replacement costs. 360Value provides reliable, up-to-date estimates to protect your commercial property portfolio. Ensure you're accurately valued in today's volatile market. Learn more about 360Value: https://vrsk.co/3Xd8Q1h #CommercialProperty #Insurance #Inflation #Underwriting #UnderInsurance

⛈️Severe convective storms are wreaking havoc on the property insurance market and are a growing threat. These increasingly frequent and intense events, driven by rising temperatures, account for 76% of annual reported catastrophic insured losses since 1998 for personal and commercial lines. Hail, tornadoes, and straight-line winds are causing millions in damage, making it difficult for insurers to accurately assess risks and price policies. Learn more about how to address these unprecedented losses 👇 https://vrsk.co/3AogSLX #ConvectiveStorms #SevereStorms #PropertyInsurance #ClimateChange

🚨VIC London is just around the corner! We're looking forward to conversations with industry leaders and experts like Rachel Edwards. Join us to hear her insights at #VICUK2024! #Insurance #InsuranceIndustry #IndustryExperts #Networking #Insurtech #Conferences

Join us for our Emerging Issues webinar as we take a detailed look at the multifaceted challenge of cyber disruption. 🗓️September 24 ⏰11:00 AM ET Register now! https://vrsk.co/3AGsolF #EmergingIssues #AI #CyberRisk #Cybersecurity

Improve small business underwriting with precise intelligence using LightSpeed Small Commercial from Verisk. https://vrsk.co/46IwdTv

Total reconstruction costs in the United States, including materials and retail labor, increased by 5.2% from July 2023 to July 2024. This is a significant increase over cost growth from July 2022 to July 2023 (4.0%). New Hampshire had the largest increase at 9.59%, followed by Colorado (9.05%) and Nebraska (6.37%). Tap into more insights like these in our latest quarterly report, available for download now: https://vrsk.co/3SSP3Bx #Reconstruction #ReconstructionCosts #Estimating

🔌Electric vehicles have emerged as a critical risk for auto insurers. EVs ranked among the top eight issues in Verisk’s Emerging Issues Bracket Challenge for the past two years and will likely continue to be a focal point as we see more on the road. Due to the infancy of EVs in the auto insurance space, insurers face challenges in accurately pricing their risk due to limited data. Discover our latest insights on EVs: https://vrsk.co/3Aomiq8 #ElectricVehicles #EVs #AutoInsurance #EmergingIssues