First-to-Market Comprehensive Underwriting Solution Presented at BIBA 2017
(Thomson Reuters ONE) -
First-to-Market Comprehensive Underwriting Solution Presented at BIBA 2017
Verisk Analytics launching new property data and analytics for UK underwriters
JERSEY CITY, N.J., May 9, 2017 - Verisk Analytics (Nasdaq:VRSK), a leading data
analytics provider, is introducing Underwriters Advantage(TM), a single-source
solution providing detailed property information, risk data, and analytics for
UK residential and commercial underwriters and brokers. The new solution will be
released and featured at BIBA 2017 in Manchester, May 10 and 11.
Verisk will demonstrate the report at its stand, F40, at BIBA 2017, the British
Insurance Brokers' Association conference.
"We're responding to the demand for detailed underwriting data and accurate
rebuild cost estimates in the United Kingdom," said Anil Vasagiri, senior vice
president, Product Management & Strategy, Verisk Insurance Solutions. "This is
the first solution that provides brokers and insurers alike with pertinent
property profiling information within a single solution-and does it at the click
of a button."
Underwriters Advantage provides information on property location, aerial imagery
with building outlines, construction and occupancy overviews, an estimated
rebuild cost using Verisk's proprietary 360Value(®) rebuild cost engine, flood
zones, and terrorism risk and crime information. Served through a web interface
or application program interface (API) or available in batch mode, the solution
offers a more complete view of the risks associated with a property.
The core information, already in use with a number of leading insurance
organizations, gives a consistent method of scoring for risk, rebuild cost, and
the provision of underwriting services for UK residential and commercial
properties. It brings together all associated information into one comprehensive
solution.
360Value is a highly sophisticated component-based rebuild cost engine available
for a full range of commercial and residential properties in the UK, making it
the first fully automated rebuild cost solution.
Underwriters Advantage is based on exterior observation of the property,
proprietary Verisk data and analytics, and third-party sources. More information
can be found at www.verisk.com/globalbur.
About Verisk Analytics
Verisk Analytics (Nasdaq:VRSK) is a leading data analytics provider serving
customers in insurance, natural resources, and financial services. Using
advanced technologies to collect and analyze billions of records, Verisk
Analytics draws on unique data assets and deep domain expertise to provide
first-to-market innovations that are integrated into customer workflows. Verisk
offers predictive analytics and decision support solutions to customers in
rating, underwriting, claims, catastrophe and weather risk, global risk
analytics, natural resources intelligence, economic forecasting, and many other
fields. Around the world, Verisk Analytics helps customers protect people,
property, and financial assets.
Headquartered in Jersey City, N.J., Verisk Analytics operates in 27 countries
and is a member of Standard & Poor's S&P 500(®) Index. In 2016, Forbes magazine
named Verisk Analytics to its World's Most Innovative Companies list and to its
America's Best Large Employers list. Verisk is one of only 14 companies to
appear on both lists. For more information, please visit www.verisk.com.
Contact:
Giuseppe Barone/Erin Bzymek
MWWPR (for Verisk Analytics)
201-507-9500
gbarone(at)mww.com
ebzymek(at)mww.com
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Verisk Analytics Inc. via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 09.05.2017 - 10:00 Uhr
Sprache: Deutsch
News-ID 541091
Anzahl Zeichen: 4332
contact information:
Town:
Jersey City
Kategorie:
Business News
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"First-to-Market Comprehensive Underwriting Solution Presented at BIBA 2017"
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