Underwriting and Rating

Commercial Insurance

Gain underwriting insights into commercial buildings and their exposures. And understand the businesses you insure—their firmographics and how well they’re managed.

Driving success in commercial insurance

The underwriting team talks about how Verisk is helping insurers, MGAs, and brokers succeed in commercial insurance.

Driving success in commercial insurance

Tackling underinsurance head on

With nearly half of commercial properties underinsured¹, data enrichment and insights make Verisk your trusted partner in bridging this critical gap.

Automated rapid property characteristics

Unlock powerful risk insights with 98% national coverage of buildings in the UK, including highly detailed property data to transform decision making.

Learn more about UKBuildings

More granular and accurate commercial liability risk rating

Inform underwriting decisions across a broad spectrum of risk including commercial liability, business interruption, embezzlement, cyber, and property.

Learn about Management Insight Score

Interactive property insurance risk mapping

Visualise all the different risk accumulations at an individual address or postcode level.

Learn about Location Matters

Major perils risk assessment

Receive more precise risk estimates of major insurance perils at the postcode unit or address level, including theft, fire, subsidence, escape of water, freeze, flood, storm, and accidental damage.

Learn about Perils Insight

Property data and rebuild values for Ireland

Get key property attributes for all 2.3 million commercial and residential buildings in the Republic of Ireland.

Learn more about Property Intelligence

Accurately predict rebuild costs for commercial property

Benefit from an adaptable model that provides an accurate assessment of the rebuild value of small to mid-market commercial buildings, powered by a maintained database.

Learn about Commercial Rebuild

Empowering commercial underwriting

Insights into commercial underwriting with our high-quality data sets.

High quality verified data

Comprehensive company, property and location data enhanced with actuarial insights, analytics and modelling.

Integration of multiple data sets

All data made easily available from a single location, with options for sophisticated searching post processing - for improved underwriting, risk assessment and decision automation.

Flexible delivery methods

Delivered via a high volume, resilient API, web portal, self-serve batch processing or flat file.

The data enrichment service Verisk provides has been fundamental to automating our underwriting processes – we couldn’t deliver an accurate price efficiently without it. Verisk has proved to be much more of a partner than simply a data provider with a fast and responsive support network that feels genuinely human. Their team has been very agile in creating bespoke solutions to suit our needs in a way that you wouldn’t expect of such a large company.

Dan Bishop

Hiscox

Head of Pricing

The Verisk team values collaboration, listens to our needs, and are always adapting their proposition to meet the evolving demands of the insurance industry.

Tokio Marine HCC

Data formats and delivery methods

API

The Verisk Data Insight Hub provides one-stop, real-time access to diverse, enriched data and analytics. It comfortably manages aggregator- driven volumes to deliver market-leading search and matching capability for motor, property, and commercial lines. High-quality data sets from Verisk and third parties are ready to integrate into underwriting processes.

Flat file

Comprehensive address and postcode level data sets providing information about the risks businesses face. Flat Files allow insurers to build their core rating files and give data scientists access to raw data to enable them to create their own models.

Self-serve batch file

Our batch processor allows insurers to simply and quickly upload a csv file to then append any data set or analytics model to it. This allows the Underwriter to understand associated risks, which is useful for exposure management, re-insurance purposes and for M&A activity.

Map based portal

Location Matters gives a full view of property risk on a map based interface, it uses interactive mapping technology to visualise all the different risks and accumulations at an individual address or postcode level. Visualising risk can help to vastly improve risk selection and your underwriting profitability, particularly for referrals.

Do more with the Verisk ecosystem

Whether you insure homes, small businesses, or motor vehicles, data and analytics are critical to setting policy size and measuring the likelihood of claims. Verisk's suite of general insurance underwriting solutions can help you make more informed decisions around pricing and product development.

Home insurance

Gain insight into risks associated with any residential building along with previous claims information and relevant perils exposure at a postcode or address level.

Learn more about Home Insurance