Underwriting and Rating

LOCATION

It takes an array of risk-specific, address-level information to underwrite and price property insurance. Location risk analysis can send you on a scavenger hunt for data—but it doesn’t have to.

 Knowing the exact location of insured property is critical to accurate underwriting and pricing

Much of property risk comes from perils tied to specific places. For example, more than 4.5 million U.S. properties face high to extreme wildfire risk, and over 6.8 million saw at least one damaging hail event in 2022. From weather to crime to sinkholes, it can be daunting to capture the full range of location-dependent hazards.

Drive more accurate underwriting at the address level

LOCATION^® provides a suite of solutions that can put the data you need in one place, strengthened by analytics for an even clearer picture of the risks you face.

Pinpoint property locations

Know the exact location of a property for more accurate underwriting and pricing.

Manage natural hazard risk

Measure property exposure to destructive perils and track mitigation activities using Verisk tools.

Assess community resiliency and safety

Explore building code enforcement, fire protection efforts, and risk of other perils driven by human activity.

As we continue to fuel our digital transformations, leveraging the industry's most longstanding and robust fire protection data points from Verisk will help us better serve our customers and improve our competitive position in the market.

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Jason VanSteenburg

Pioneer State Mutual

Vice President and Director of Marketing

By incorporating the [National Fire Protection Association's] data, Verisk is helping insurers gain critical insights and promoting community efforts to make wildfire safety a top priority.

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Jim Pauley

National Fire Protection Association

President and Chief Executive Officer

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.

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Ty Harris

Openly

Chief Executive Officer and Co-founder

Ice, Fire, Wind, and Water

Explore recent activity, trends, and data-driven tools that help insurers and communities better measure and mitigate risk from destructive categories of hazards.

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Ice, Fire, Wind, and Water

Flexible delivery methods

Access data online through a variety of flexible options, including your web browser, Verisk platforms, or API.

Flexible delivery methods

Homeowners Discussing Repairs With Adjuster

What does LOCATION include?

Building code risk

The Building Code Effectiveness Grading Schedule (BCEGS®) program provides information on communities’ building code adoption and enforcement practices across the country.

Crime risk

Crime Service delivers past, current, and projected crime risk scores for specific addresses across the United States, with additional insights broken down by crime type.

Coastal risk

Distance to Coast examines the coastline, capturing how close properties are to oceans, gulfs, the Great Lakes, and other major bodies of water.

Fire protection risk

Public Protection Classification (PPC®) assesses a community’s fire suppression and mitigation capabilities and the property location relative to responding stations and water resources.

Hail risk

Hail Risk Assessment identifies the potential for pre-existing damage to a property and the likelihood of future damage.

Flood risk

WaterLine™ assesses flood risk across the contiguous United States, providing a relative risk score that uses probabilistic simulations.

Sinkhole risk

Sinkhole Service helps insurers mitigate sinkhole risk and guard against hidden damage lurking at properties throughout Florida.

Wildfire risk

FireLine® assesses wildfire exposure by examining environmental risk factors and mitigation activities at the property and community levels.

GeoPin provides a new level of geocoding insight to identify proximity to risk exposures down to the building address level.

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Related resources

Stay in the know about important industry trends and innovative solutions.

Infographic

Risk analytics for every property you insure

Verisk constantly innovates to bring insurers comprehensive, address-level risk data and analytics.

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Close up view of cracked, arid, orange-colored soil

White paper

Ice, Fire, Wind, and Water

Examine recent activity, trends, and data-driven tools that can help measure and mitigate risk surrounding destructive categories of hazards.

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Report

Verisk Wildfire Risk Analysis

The Verisk Wildfire Risk Analysis determined the number and percentage of properties at high and extreme risk from wildfire.

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Report

Building property risk profiles from a data ecosystem

As natural catastrophes grow in severity, so does the value of data ecosystems that provide a comprehensive view of property risk

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White paper

Taking a Comprehensive View of Flood Risk

Go beyond the traditional property-level risk characteristics and further refine risk selection with comprehensive flood hazard scoring

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Report

Sizing the Personal Flood Insurance Market

Explore the potential for personal flood premium for owner-occupied residences in the 48 contiguous states—and how to assess the risk exposure.

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Infographic

Fully capture the nuances of fire protection

LOCATION PPC measures 1,000+ unique data elements, supporting detailed analysis of fire-suppression capabilities. See how the solution examines key factors.

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