Verisk Launches Commercial GenAI Underwriting Assistant to Accelerate Commercial Property Risk Assessment

Verisk Launches Commercial GenAI Underwriting Assistant for Property Underwriting

Verisk has introduced a cloud-based Commercial GenAI Underwriting Assistant built to streamline commercial property underwriting. The solution pairs advanced data analytics with generative AI to help underwriters make faster, more informed calls, improve profitability, and keep pace with a changing market.

What it does

• Automates repetitive workflows and manual tasks to reduce submission handling time.
• Summarizes large, complex datasets via ingestion of submissions and third-party data to surface the signals that matter.
• Delivers real-time risk appetite guidance and triage to speed assessment and routing.
• Integrates with existing policy administration and underwriting systems through APIs for flexible adoption, scale, and security.
• Uses a Human-in-the-Loop approach so AI augments expert judgment-never replaces it.

"Automation is no longer a luxury for insurers-it's a necessity," said Doug Caccese, co-president of underwriting solutions at Verisk. "Our new AI assistant offers the industry trustworthy, responsible innovation at scale that will support and augment the expertise of insurance professionals, while also increasing speed and efficiency."

Why it matters for insurers

Rising costs, margin pressure, and a shrinking workforce are putting strain on underwriting performance and institutional knowledge. Verisk's assistant targets these pain points by improving operational efficiency, enriching pricing inputs with actionable insights, and automating risk submission intake.

• 43% of survey respondents named profitability as the top priority; revenue and growth followed at 28%.
• 36% cited digital transformation and tech modernization as their biggest challenge.
• 69% believe AI and generative AI will have the most significant impact on the industry over the next five years.

These findings, from 264 respondents at the Verisk Insurance Conference, highlight the need for intelligent automation and data-driven decision support to strengthen underwriting results.

Built for responsible AI and scale

The assistant was developed in a private, protected environment and grounded in ethical AI principles: fairness, accountability, inclusivity, transparency, and privacy. It sits within Verisk's Augmented Underwriting Suite, which brings products like Touchstone and Rulebook into a modular, end-to-end workflow.

Practical wins underwriting teams can target

• Cut submission intake time by automating document parsing, data extraction, and summarization.
• Standardize appetite screening to focus underwriter time on viable risks.
• Improve pricing discipline with consistent exposure insights and model-ready data.
• Shorten quote turnaround with in-workflow guidance and configurable checkpoints.
• Embed Human-in-the-Loop reviews to maintain control, auditability, and oversight.

How to get started

• Connect the API to your policy admin and underwriting workbench; start with a contained line of business or region.
• Codify appetite rules and triage logic; align on review thresholds and approval paths.
• Track cycle time, hit ratio, and early loss indicators to quantify value.
• Upskill underwriters on prompt quality, exception handling, and governance.

For more information, visit Verisk.

About Verisk

Verisk (Nasdaq: VRSK) is a strategic data analytics and technology partner to the global insurance industry. The company helps clients improve underwriting and claims outcomes, combat fraud, and make informed decisions about global risks, including climate and extreme events. With teams in more than 20 countries, Verisk combines software, analytics, scientific research, and deep industry expertise to build resilience for individuals, communities, and businesses.

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