Because it’s Cinco de Mayo, we’ve decided to post our five most popular Verisk Insurance Solutions blogs. So, here’s the list of the five blog posts that currently have the most page visitors. Ready? Drum roll, please . . . 5. Technically Speaking: Frequency/Severity Models or Loss Cost Models? 4. Cross-Selling Auto and Homeowners [...]
predictive models
Claims fraud may occur in only 2 percent of claims, according to some estimates, but early detection — and prevention — are growing in importance. Why? According to a new study by Celent, as reported in Insurance Networking News, property/casualty insurers have faced increasing challenges in generating underwriting profits. Those challenges result in more pressure [...]
Companies must develop the drive to evolve and the passion to survive and thrive in the current business environment. Today’s economy will not tolerate a static strategy. Only those companies that embrace improvement should survive. I am not alone in this point of view. “Even though the economic recovery is slow and sporadic, property and [...]
Please join 300 of your peers who’ve already tuned in to our web seminar on our newest commercial property rating initiative — ISO’s Enhanced Wind Rating Program. Joe Palmer, assistant vice president and actuary in Commercial Multi-Line Actuarial, and Bill Chermak, senior technical coordinator in Verisk Commercial Property, spoke about how the program uses wind-related [...]
On October 1, ISO launched our Enhanced Wind Rating Program, a commercial property rating program for the wind peril. You can find all the details on the program in the press release and on the Enhanced Wind Rating Program web page. The program quantifies a building’s resistance and exposure to wind damage. Using wind-related building [...]
Commercial property presents quite a challenge for predictive modelers: How can we rely on models that implicitly assume some degree of homogeneity among risks when we’re dealing with a heterogeneous risk pool of insured locations? For commercial property, the risks range from fruit stands to high-rise office buildings to chemical manufacturing plants. But here’s the [...]
