Insurance Overview

Innovative insurance solutions powered by advanced data analytics, technology, scientific research, and deep industry knowledge. 

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Property & Casualty Insurance

Create innovative P&C insurance programs, streamline data reporting to regulators, and leverage analytics to assess and price risks with speed and precision.

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Life and Annuities

Refine life, annuity, and pension plans from the individual to the portfolio level, driving value across individual life and annuity lines. 

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Reinsurance

Improve combined ratios and unlock greater reinsurance profitability by managing your risk on global, commercial, and enterprise levels.

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Specialty Markets

Compete in new markets with solutions for specialties such as professional liability, management liability, and crime and fidelity. 

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Personal Property

Maintain underwriting and pricing discipline and uncover profitable opportunities in the fast-paced personal property market. 

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Research, Development & Pricing

Drive critical research, benchmarking, and pricing decisions with personal property risk assessment tools and software. 

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Risk Selection and Underwriting

Capitalize on actionable underwriting data for personal property insurance at point of sale and renewal to guide smarter risk selection. 

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Portfolio Assessment & Compliance

Understand and evaluate your personal property insurance portfolio and maintain regulatory compliance with powerful data tools and services. 

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Commercial Property Overview

Assess risk and exposure quickly with comprehensive, insurance-ready data and analytics for every commercial property address.

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Research, Development & Pricing

Identify new commercial property insurance markets, develop innovative products, and keep forms and rates up to date with flexible, data-driven analytics and tools.  

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Risk Selection and Underwriting

Streamline commercial property risk selection and underwriting with robust data drawn from on-site expertise, advanced computer modeling, and real-world claims. 

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Portfolio Assessment & Compliance

Gain deep insights about your commercial property insurance portfolio and streamline compliance with robust analytics and automation. 

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Personal Auto Overview

Discover a range of personal auto solutions spanning underwriting and rating, fraud, telematics, and predictive analytics. 

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Research, Development & Pricing

Find opportunities in personal auto insurance, create innovative products, and price them with precise data, analytics, and expertise. 

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Risk Selection & Underwriting

Sharpen segmentation and combat personal auto insurance fraud and premium leakage with risk selection tools for driver and vehicle information. 

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Portfolio Assessment & Compliance

Run your personal auto insurance team smarter with market-ready programs, data analytics, and tools for regulatory compliance and statistical reporting tools.

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Commercial Auto Overview

Commercial auto insurance solutions that span underwriting, risk selection, and rating with robust data and analytics on businesses, vehicle fleets, and drivers.

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Research, Development & Pricing

Overcome profitability challenges with market-ready essentials to identify opportunities, manage smart growth, and adapt to the changing commercial auto landscape. 

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Risk Selection & Underwriting

Capture a full range of underwriting and pricing factors for commercial auto insurance with granular data, analytics, and advanced technology.

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Portfolio Assessment & Compliance

Leverage your data to streamline compliance, measure performance, and refine strategy across your commercial auto insurance portfolio. 

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General Liability Overview

Cover known and emerging business liability risks and access diverse data, analytics, and compliance tools to drive your business forward.

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Research, Development & Pricing

Detect opportunities, launch new products, and price coverage precisely with market-ready programs and solutions for general liability insurance. 

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Risk Selection and Underwriting

Be responsive to your customers and true to your risk appetite with powerful data, insights, and technology—and a support team focused on you.

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Portfolio Assessment & Compliance

Leverage your data to manage your general liability insurance portfolio strategically and streamline regulatory compliance. 

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Small Commercial Overview

Target your best opportunities in small commercial insurance with better risk assessment and straight-through processing using automated Verisk solutions.

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Research, Development & Pricing

Small commercial insurance program, data, and analytic solutions to identify new markets, build innovative products, and keep policy language and rates current. 

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Risk Selection and Underwriting

Use data-driven analytics and risk insights backed by deep expertise to streamline and automate small commercial insurance risk selection and underwriting. 

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Portfolio Assessment & Compliance

Manage small commercial insurance programs and maintain compliance with automation and portfolio insights powered by data, analytics, and unmatched expertise.

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Underwriting & Rating Overview

Make informed product development and underwriting decisions to generate more revenue while minimizing premium leakage and unnecessary expenses.

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Other Lines of Business

Transform your approach to product development and underwriting for multiple lines of business while adhering to compliance and rating standards.

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Investigation Overview

Streamline record review and validate key claim information such as weather information to ensure greater accuracy while reducing processing time.

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Weather Response

Whether you’re looking at a property’s history of weather damage or looking ahead to an incoming storm, Verisk solutions convert weather into useable data.  

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Workflow Automation

Advanced AI, data parsing, image/video, and messaging solutions streamline claims processing, increasing satisfaction for employees and customers.  

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Decision Support and Analytics

Fill in data gaps and get industry-leading insights to make claims more accurate, combat fraud, and improve customer service.

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Catastrophe Claims Data

Access the insurance industry’s trusted source for independent property loss estimates covering a range of catastrophe and global large loss specialty lines.

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Compliance Overview

Satisfy state and federal claims reporting requirements automatically within your workflow with comprehensive reporting to help you stay compliant and prevent fraud. 

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Workers' Compensation State Reporting

Data-driven claims management solutions let you streamline workers' compensation data reporting and improve compliance with advanced analytics.

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Medicare Compliance and Reporting

Navigate changing regulations, manage complex recovery demands, and mitigate rising costs with an array of solutions to support every step of the process.

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Estimation and Valuation Overview

Our claims estimation and workflow capabilities help you assess the value of a claim quickly and accurately, leading to faster settlements and improved customer satisfaction. 

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Property Estimating & Restoration

Optimize your property claims process with advanced solutions to estimate structural and personal property claims seamlessly.  

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Validation and Valuation

State-of-the-art tools help you anticipate and handle unexpected costs  from liability, medical costs, extreme weather, and other catastrophes.

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Claims Overview

Re-imagine your end-to-end claims experience to reduce costs, improve accuracy, and deliver a great customer experience from FNOL through resolution. 

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FNOL

Accelerate the claims process with solutions that automatically populate key data and help route claims to the right areas, saving time on the front end. 

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Anti-Fraud

Identify and prevent fraudulent claims by finding the critical data you need. Close the information gap and stop fraud leakage with robust industry analytics. 

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Resolution

Facilitate fast, fair claims resolution with automated tools and data-driven insights that help deliver better outcomes for you and your customers. 

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Life Overview

Reimagine life and annuity products, workflows, and customer experiences with simple and flexible life insurance technology and analytics.  

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Individual Life and Annuities

Leverage a unified system for increased agility, innovation, and market responsiveness in individual life and annuity lines. 

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Employee Benefits & Institutional Annuities

Get end-to-end group life insurance plan administration and optimize group-based offerings with the FAST software solution from Verisk. 

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Extreme Event Risk Overview

Industry-leading catastrophe risk modeling software that incorporates global loss indexes and advanced analytics, from the company that pioneered catastrophe risk modeling.

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Risk Models

Catastrophe risk models manage risk from natural catastrophes, man-made threats, and more. Discover what catastrophe risk modeling is and how it works. 

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Software Solutions

Understand and manage your catastrophe risk and uncover new insights with flexible catastrophe modeling software that enhances smart decision-making.

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Consulting Services

Verisk offers bespoke extreme event risk modeling services to meet your unique needs. Learn more about how our industry experts can help you manage your risk. 

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Natural Hazard Risk and Response

Detailed analytics and solutions for weather and environmental perils to help you mitigate risk, make quicker business decisions, and support profitability. 

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Atmospheric & Environmental Research

AER helps businesses and governments manage climate- and weather-related risks with research and development reports, databases and software solutions. 

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Solutions Overview

Assess risk, improve outcomes, build resilience, and seize strategic opportunities with our innovative solutions designed for insurers and reinsurers.

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Construction

Make smarter business decisions for construction and remodeling with data-driven insights and streamlined workflows.

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Consumer Insights

Find the right customers at the right time among current and potential auto, home, health, and life policyholders seeking a home and its related services.

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Sustainability and Resilience

Global risk intelligence tools by Verisk Maplecroft provide unmatched data and insights into climate, social, and government indices.

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Government and Municipalities

Robust data tools provide necessary resources for governments, industries & law officials. Explore how to mitigate climate, cargo & commercial losses.

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Real Estate and Mortgage Servicing

Make informed property decisions backed by unparalleled insights and comprehensive data on market values, key property characteristics, and historical trends, all in real time.

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Transportation

Drive success across your supply chain with solutions that track complex risks, manage driver hiring, simplify compliance, and improve logistics.

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View All Products

Browse all our available products, across all lines, industries, and stages of the insurance life cycle.

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Verisk Resources

Stay informed about industry trends and innovative solutions with our events, webinars, FAQs, and thought leadership, including the Visualize blog.

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About Verisk

Learn who we are, explore our history as a a strategic partner to the insurance industry, and how we're continuously evolving to support resilience and sustainability for individuals, businesses, and communities.

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Setting a new standard in nonstandard auto

By Sandee Perfetto, Jared Smollik

The nonstandard auto (NSA) insurance market covers a diverse range of drivers, from those with poor driving histories or foreign driver’s licenses to those that struggle to keep consistent coverage or carry liability-only policies. These drivers are typically considered to be more challenging to rate than drivers in the standard auto insurance market.

Carriers writing nonstandard insurance may face persistency challenges from policyholders who fail to maintain regular premium payments. According to Verisk research, while nonstandard policies account for 20 percent of the premium for personal auto insurance, they represent 40 percent of the industry’s new business activity thanks to continued churn. Not surprisingly, combined ratios for this segment have been consistently north of 100. It’s been so challenging that 2018’s ratio of 102.2 percent was viewed as “a big improvement,” according to Carrier Management. Nevertheless, AM Best’s 2019 Market Segment Report claims that direct written premiums for this segment continue to grow.  

To improve the quality of nonstandard auto underwriting, insurers need solutions specifically tailored to the unique needs and challenges of this market.

To improve the quality of nonstandard auto underwriting, insurers need solutions specifically tailored to the unique needs and challenges of this market. The Verisk product team has launched a number of targeted and innovative solutions to assist NSA insurers.

Verisk nonstandard auto solutions

Trend analysis Verisk has the largest, most comprehensive contributory database of driver data, and we’re leveraging this aggregated data pool to help insurers better understand their nonstandard risks. To do this, we’ve added a new version of the Trend tool available through ISO’s Actuarial and Strategic Data Insights. The tool is similar to the existing Actuarial Services Trend tool in that it enables insurance writers to estimate future loss costs, create custom trend calculations, combine experience across states, and examine the market through a broad base of aggregated data. The nonstandard Trend product, developed from direct feedback from individual NSA carriers, offers several unique features, including data on earned premium trends and the ability to identify liability-only policies. It will be available to carriers that commit to contributing their data to the aggregated pool.

Nonstandard auto insurance forms Already an industry leader in insurance forms with more than 30,000 forms in its library, ISO has filed alternative versions of its personal auto policy forms for the NSA market due to growing needs in the industry. These forms, and the state endorsements that accompany them, are available to ISO Core Lines Services customers and are designed to assist insurers in minimizing the impact of insuring a higher level of risk.

While they’ve been developed for the unique needs of nonstandard writers, the forms share all the hallmarks of traditional ISO personal auto forms. The detailed and carefully vetted language is regularly updated in response to, in part, changing laws, regulations, and court rulings.

ISO is committed to further improving our nonstandard auto forms through your feedback. We’re seeking input from the industry on how to sharpen our policy language to meet the challenges of this market. If you would like a role in shaping the future of nonstandard auto coverage forms, please contact us.

Leading the future of nonstandard auto

While Verisk has built a robust suite of products for the NSA market, the work has just begun. Verisk is committed to leveraging our unique data assets, powerful analytical tools, and deep government and legal expertise to create an even broader solution set that addresses the distinct needs of nonstandard auto carriers.

NSA insurers can contact nsa@verisk.com to share thoughts on how we can continue to innovate in nonstandard auto.

USA:  1-800-888-4476   Global:  + 800 48977489