New InsurTech solution provides reliable loss run reports at point of sale for commercial lines underwriting
JERSEY CITY, N.J., June 18, 2019 - Verisk (Nasdaq:VRSK), a leading data analytics provider, announced today the launch of A-PLUS(TM) Commercial, an InsurTech solution that provides point-of-sale loss runs with detailed claim histories of risks that insurers are looking to underwrite.
"In today's fast-paced market, commercial lines insurers need to make precise underwriting decisions at the time of quote," said Deborah Morris, senior vice president of commercial lines at Verisk. "Insurers who contribute data to A-PLUS Commercial can access reliable loss run reports in seconds rather than weeks, avoid time-consuming follow-ups, and focus on assessing risk for all commercial lines."
A-PLUS Commercial automates the cumbersome process of obtaining loss runs and gives participating carriers access to information on all commercial lines. That includes property, auto, general liability, professional liability, businessowners, farmowners, workers' compensation, and ocean marine. Insurers can only use A-PLUS Commercial for lines of business to which they contribute data.
A-PLUS Commercial is fueled by data from ISO ClaimSearch®, a claims evaluation tool that's relied on by more than 90 percent of insurers and features more than 1.3 billion claim histories. By participating in A-PLUS Commercial, carriers can access this robust claims information and incorporate it into their underwriting processes.
For more information, visit verisk.com/a-pluscommercial or e-mail A-PLUSCommercial@verisk.com.
About Verisk
Verisk (Nasdaq:VRSK) is a leading data analytics provider serving customers in insurance, energy and specialized markets, and financial services. Using advanced technologies to collect and analyze billions of records, Verisk 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 helps customers protect people, property, and financial assets.
Headquartered in Jersey City, N.J., Verisk operates in 30 countries and is a member of Standard & Poor's S&P 500®Index. In 2018, Forbes magazine named Verisk to its World's Best Employers list. For more information, please visit www.verisk.com.
Contact:
Eboni Thomas
Edelman (for Verisk)
212-642-7784
eboni.thomas@edelman.com