Verisk Launches SmartSource Prefill to Streamline Property Insurance Quoting
March 15 2018 - 10:00AM
JERSEY CITY, N.J., March 15, 2018 -
Verisk (Nasdaq:VRSK), a leading data analytics provider, announced
today the launch of SmartSourceTM, the next
generation of property characteristics prefill. Designed to answer
today's customer expectations for speed and data reliability,
SmartSource prefill delivers property characteristics directly into
360Value®, the Verisk
replacement cost calculator, to enhance the underwriting
process.
"Consumer expectations are rapidly changing, and
insurers are constantly being challenged to improve their customer
experience. But making quick underwriting decisions without
reliable property data can often result in inaccurate rates,
pre-bind defection, and abandoned quotes," said Trish Hopkinson,
product director of 360Value. "SmartSource provides a leap forward
by offering insurance-ready, property-specific information that
insurers can use to streamline the new business process and help
reduce changes from quote to bind."
SmartSource incorporates data from multiple
proprietary and public sources and uses self-learning algorithms to
continually improve the quality of its data. The application
currently features up to 68 property-specific characteristics for
more than 104 million U.S. residential properties. Those numbers
are expected to grow as new data sources become available and are
added to the application.
For more information, please visit
www.verisk.com/360Value.
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
2017, Forbes magazine named Verisk to its
America's Best Mid-Size Employers list and to its World's Most
Innovative Companies list. Verisk is one of only seven companies to
appear on both lists. For more information, please visit
www.verisk.com.
Contact:
Giuseppe Barone/Erin Bzymek
MWWPR (for Verisk)
201-507-9500
gbarone@mww.com
ebzymek@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
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