Renewal Analytics

7/10/2024 - 6 min read

Renewal Book Strategies: 4 Best Practices for Auto Profitability & CX

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

6/17/2024 - 1 min read

New Paper Explores 4 Strategies for Commercial Auto Profitability

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

5/7/2024 - 2 min read

Quarterly Reconstruction Costs Continue to Stabilize

Verisk releases new quarterly reconstruction costs report for Q2 2024.

1/30/2024 - 2 min read

Quarterly Reconstruction Costs Stabilize as Inflation Recedes

Verisk releases new quarterly reconstruction costs report for Q1 2024.

10/13/2023 - 3 min read

Mild Reconstruction Cost Rise Signals Stabilizing Market

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

9/26/2023 - 2 min read

Exploring a future look at reconstruction cost trends

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

8/15/2023 - 1 min read

Smarter and faster: Prefill data to help accelerate workflows

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

7/13/2023 - 3 min read

Quarterly reconstruction cost increases continue to steady

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.

6/20/2023 - 3 min read

Reconstruction costs vs. market value: the hidden coverage crisis

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

5/4/2023 - 2 min read

What happens after catastrophes? Protection in a time of loss

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

5/4/2023 - 3 min read

How insurtech can better determine sufficient contents coverage

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

1/18/2023 - 2 min read

As increases slow, reconstruction costs show signs of stabilizing

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

10/31/2022 - 2 min read

Keeping pulse: Tracking the latest price surges to maintain ITV

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

7/15/2022 - 2 min read

Taking a data-driven view of evolving Florida roof risk

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

3/9/2022 - 6 min read

Three strategies for reliable commercial property valuations

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