Renewal Analytics

Personal auto insurers face substantial profitability challenges. Renewal book strategies are one of the fastest ways to recharge profits.

New Verisk white paper covers challenges and strategies for commercial auto insurers to modernize and boost profitability for the long haul

Verisk releases new quarterly reconstruction costs report for Q2 2024.

Verisk releases new quarterly reconstruction costs report for Q1 2024.

Total reconstruction costs increased 5.1% from October 2022 to 2023. This uptick follows the 4.3% increase from July 2022 to July 2023.

To help insurers navigate the increasing complexity in the market, Verisk has developed the Market Expectations Index for 360Value.

Current and curated data about a structure’s age, square footage, and use are the backbone of reliable reconstruction cost estimates (RCEs).

Total reconstruction costs increased 4.3% from July 2022 to July 2023. This uptick follows the 3.1% increase from April 2022 to April 2023.

Market value and reconstruction cost estimates are unique measures subject to different forces; only RCEs should be used for coverage.

Despite mitigation measures, natural hazards may still cause damage, and insurers need actionable data to guide underwriting and pricing.

From estimating to calculating: Predictive modeling and machine learning remove the guesswork from evaluations.

Total reconstruction costs, including materials and labor, increased 6.8% from January 2022 to January 2023, a drop from the last quarter.

Verisk data shows the cost to rebuild a property is still more than 11 percent higher, on average, than it was pre-pandemic.

Florida’s statutory environment surrounding coverage for roofs may demand more robust data to clarify risk amid increasing complexity.

Enhance ITV with 360Value for Commercial Property, which includes monthly price updates and an a pioneering method for estimating contents.