Underwriting and Rating

Homeowner Data

A complementary data set can deliver a powerful impact at critical decision points in your homeowners quoting workflow.

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.

These solutions help us build upon a solid and substantial foundation, enhancing our ability to bring tailored coverage options to homeowners across the United States.

Read the press release

Ty Harris

Openly

Chief Executive Officer and Co-founder

Verisk provides the cutting-edge, InsurTech solutions we need to maintain our policyholder-first mentality as we aim to set the new standard in home protection in an increasingly complex and challenging market.

Read the press release

David Howard

VYRD

Chief Executive Officer

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

Adjuster Discussing Repairs With Homeowner

Discovering property change events can help you gain a clearer view of your portfolio to focus on profitability, maintain underwriting standards, pursue new business growth, and help homeowners protect their investments with adequate coverage.

Download the white paper

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.

View the infographic

White paper

The Life Cycle of a Property

A greater understanding of risk – or the lifecycle of a property – in an insurer’s book is crucial to help guide profitable growth.

Download the white paper

Webinar

Leveraging Advanced Analytics to Help Capture a Home's Evolving Risk Profile

In this session, we’ll discuss how robust data and advanced analytics can help insurers verify critical changes to homes throughout the policy life cycle.

View the webinar on demand

Article

How can changes in home ownership and occupancy create hidden risks?

Knowing a property's history, including changes in ownership and occupancy, is essential to paint a vivid picture of a property's condition.

Read the article

Article

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.

Read the article

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.

Learn about 360Value for Personal Property

Property change events

Tap the profit potential in renewals with timely data that overlays property and homeowner changes.

Learn about Change Detection

Property condition

Know the health and age of a structure’s major systems to support accurate risk assessment.

Learn about Property History Solutions

Inspection and data verification tools

Use virtual inspection capability to efficiently gather and confirm critical information.

Learn about OneXperience for Personal Property

High-resolution aerial imagery

Uncover risks and bring application data to life with high-resolution aerial imagery.

Learn about Aerial Imagery Analytics

Loss history innovations

Achieve precise and optimized quotes by integrating claims data upfront, plus a new crash report enhancement for auto.

Learn about A-PLUS

Contact us to learn more

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When calling from the UK, please dial 00 800 4897 7489

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