What’s hiding in your portfolio?
Adverse selection and unrecognized risks can be a constant drain on profitability in property insurers’ portfolios. Properties held under an LLC are nearly three times as likely to have condition issues, and 1 in 100 properties on insurers’ books is vacant. Around 22% of rental listings are found to be insured on homeowners forms.
Leverage nontraditional data to help uncover hidden risk at point of quote
Risk selection and segmentation
Use extensive data sources to highlight potentially hidden risks—before they land in your portfolio.
Inspection optimization
Flag properties with underlying risks that may require additional inspection.
Quoting
Bring data forward at point of quote for more confident decision-making and a better, more seamless customer experience.
How an overhead view helps make decisions with ground-truth data
Specific homeowners data, such as foreclosure status, can affect a property's risk profile. Between two properties that look nearly identical, there's a worrisome indicator: a severely stained and deteriorating roof. Knowledge like this enables a more efficient use of resources, calling for an inspection only when necessary.
Look beyond traditional data sources for accuracy at point of quote
Verisk’s Homeowner Data is developed through a range of diverse data sources and is analyzed and validated to provide easy-to-understand insights for insurers.
Look beyond traditional data sources for accuracy at point of quote
Features and capabilities
Property use
Some owners protect their house through an LLC or a trust. Rental listings and vacancies may indicate increased risk, requiring further investigation.
Ownership and deed information
Length of ownership, number of open mortgages, and foreclosure history often correlate with a homeowner’s ability to maintain a property.
Purchase activity
A comparison of the recent purchase price to market value could flag homes in disrepair if sold below market value.
Related resources
Stay in the know about important industry trends and innovative solutions.
Infographic
Harness nontraditional data at quote
Improve underwriting, refine segmentation, and better identify properties with underlying risk using complementary homeowner data.
White paper
The Life Cycle of a Property
Webinar
Leveraging Advanced Analytics to Help Capture a Home's Evolving Risk Profile
Article
How can changes in home ownership and occupancy create hidden risks?
Article
Reconstruction costs vs. market value: the hidden coverage crisis
Do more with the Verisk ecosystem
Use a full spectrum of advanced tools and data to optimize your personal property underwriting.
Replacement cost estimates for personal property
Keep homeowners better protected with replacement cost estimates built on real-world claims and multisource data.
Property change events
Tap the profit potential in renewals with timely data that overlays property and homeowner changes.
Property condition
Know the health and age of a structure’s major systems to support accurate risk assessment.
Inspection and data verification tools
Use virtual inspection capability to efficiently gather and confirm critical information.
High-resolution aerial imagery
Uncover risks and bring application data to life with high-resolution aerial imagery.
Loss history innovations
Achieve precise and optimized quotes by integrating claims data upfront, plus a new crash report enhancement for auto.
Contact us to learn more
We are available Monday through Friday, 7 a.m. — 8 p.m. US Eastern Time:
Chat now
Note that password resets and user information are not available through Live Chat or Email. Instead, please call the main toll-free number below.
Global toll-free:
International Access code, then 800 48977489
When calling from the UK, please dial 00 800 4897 7489