Verisk A-PLUS Property Accelerator for PolicyCenter 10

It’s a familiar conundrum for many insurers: Ordering loss history is expensive, but not having all the facts until just before binding a policy may lead to a second rate call that’s significantly higher than the first. A-PLUS offers detailed information about previous property claims activity and cost-effective claims loss history indicators to optimize underwriting expenses. Obtaining loss history information just before bind might seem like a good way to cut costs, but this common practice often leads to up-charges and potential hidden costs that can hurt an insurer’s business. A-PLUS property reports provide up to seven years of claims data for property, applicant, or policyholder in an easy-to-read format. The information in A-PLUS reports helps underwriters and agents assess risk. Understanding claims history is critical to accurate initial quoting. But to cut costs, insurers often wait to order loss history just before bind. This can change the quoted price, affecting the customer experience. Verisk maintains a robust loss history database—powered by insurer contributions—to deliver our A-PLUS loss history solutions. Reports on previous claims activity help you refine underwriting and rating. A-PLUS reporting tools enable immediate decisions with information on multiple loss and coverage types.