Addressing the Challenges of Outdated Rates and Lack of Claim Spend Visibility
Insurers' reliance on outdated or supplier-provided rates can lead to inconsistencies in claims settlements, inflated costs, and customer dissatisfaction. Additionally, a lack of visibility into claim spend makes it difficult for insurers to identify and address areas of potential cost savings.
Empower Accurate and Fair Claim Settlement with Reliable Pricing Data
Leverage the power of impartial analysis, detailed cost breakdowns, and comprehensive supply chain pricing insights to ensure fair and consistent claim settlements.
Impartial Analysis for Reliable Results
Pricing Data Services provide market-aligned pricing data, ensuring that indemnity spend is fair and consistent for both suppliers and customers. This transparency fosters trust and reduces the risk of disputes.
Detailed schedule for effective auditing and cost management
Providing a granular schedule that facilitates comprehensive auditing and cost control measures, based off of actual prices and transactions.
Pricing Across the Supply Chain
Eliminate inconsistencies in pricing estimates across the supply chain, with regionalised data ensuring accurate and reliable estimates can be provided.
Features and capabilities
Industry-leading Schedule of Rates for accurate repair estimates
Pricing Data Services, published through Xactimate, provides insurers the most current property repair costs, published quarterly across 9 UK regions. Based on extensive research and a network of experts, these rates ensure you stay aligned with current market costs.
Data-driven insights and expert support for informed decisions
Navigate complex claims with expert guidance. Our thought leadership offers insights and best practices in construction, repair, and cost management. We offer insurers access to trend reporting, expert consultations, and quarterly market analysis for informed decisions.
Tailored pricelists for specific needs
Insurers can request customised pricelists to meet the specific needs of their business. This flexibility ensures that insurers can reflect their unique pricing strategies and market conditions in their repair estimates.
Do more with the Verisk ecosystem
Learn more about our full suite of claims solutions that provide compliance, fraud analysis, and further property claims tools.
Property claims estimation
The most powerful and comprehensive solution for property claims estimating.
Contents tracking for pack out and pack back
Keep customers informed on the pack-out and pack-back process, and ensure thorough tracking of all items.
Save time and money with digital transformation
Gain real-time insights and improve customer satisfaction with this no-code platform that rapidly deploys digital engagement and workflow automation across the entire claims lifecycle.
End-to-end property insurance claims management
Deliver excellent customer service with this full-cycle claims management software solution for property claims.
Claims collaboration tools
Accelerate the claims cycle with the collaborative portal that helps streamline the claims process and elevates the policyholder experience.
Streamline and scheduling efficiency
Providing a distinctive on-demand field service platform that links you to your customers, service providers, and partners in real-time.
Get in touch to learn more or book your demonstration
For product information, technical support or questions our team is available Monday through Friday, 8 a.m. - 5 p.m. GMT (except Bank Holidays, Christmas Day and New Year’s Day).
UK Contact Number:
+44203 8084265
