About ProMetrix
ProMetrix is a data analytics software from Verisk Analytics that serves the global insurance industry. It provides data-driven risk modeling, underwriting and rating, and claims solutions to help insurers make informed decisions. ProMetrix also supports life solutions, enabling companies to analyze and manage their life insurance products effectively. With its comprehensive data insights, users can improve their underwriting processes and improve claims management. The platform is designed to assist insurance professionals in navigating complex data to achieve better outcomes. Key capabilities: data-driven risk modeling underwriting and rating claims management life solutions data analytics Best for: insurance professionals that need to use data for risk assessment and operational efficiency.
ProMetrix Details
ProMetrix's In-App Market Place
Does ProMetrix have an in-app market place?
Yes
How many Mini-Apps in the marketplace?
1
Mini Apps
N/A
Pricing Options
Accepted Payment Currencies
USD ($), EUR (€), GBP (£), JPY (¥), AUD (A$), CAD (C$), CHF (CHF), CNY (¥), SEK (kr), NZD (NZ$)
Pros & Cons
- 1. Comprehensive Property Data in One Source: Provides a single, reliable source for diverse and detailed commercial property data, saving time and effort in data collection for underwriters.
- 2. Actionable Underwriting Insights: Delivers reports and data that offer direct, actionable insights, enabling smarter, more informed underwriting decisions and risk assessment.
- 3. Streamlined and Efficient Underwriting: Standardized data from a single source simplifies and speeds up the underwriting process, improving efficiency and potentially reducing operational costs.
- 4. Enhanced Risk Mitigation Capabilities: Provides detailed information on property risks and hazards, allowing for better risk mitigation strategies and potentially reducing future losses.
- 5. Improved Portfolio Management for Profitability: Enables portfolio-level risk management through benchmarking and scoring, helping insurers optimize their portfolio for better profitability.
- 6. High Data Hit Rate and Fill Rate: Boasts an 80% average hit rate and 100% fill rate for core attributes, suggesting reliable data availability and completeness.
- 1. Reliance on Data Accuracy and Up-to-dateness: maintaining this accuracy and timeliness at scale could be a continuous challenge and a potential point of failure if data quality falters over time.
ProMetrix's Support Options
Contact
1-800-888-4476