On October 15, 2025, Verisk (Nasdaq: VRSK), a prominent strategic data analytics and technology partner in the global insurance sector, announced the launch of its new underwriting solution, *Commercial Rebuild*. This innovative tool aims to assist U.K. commercial property insurance specialists in accurately assessing the rebuild value of small- to mid-market commercial buildings, addressing a pressing need in the industry.

2. Addressing Underinsurance Concerns

The launch comes at a pivotal moment when underinsurance poses significant risks both for insurers and policyholders. A recent report by Gallagher revealed that nearly half (46 percent) of commercial properties in the U.K. are estimated to be underinsured. This alarming statistic highlights the necessity for a reliable solution that can provide accurate rebuild assessments.

Verisk Commercial Rebuild fills a crucial gap in the U.K. insurance market by offering a remote estimation capability for reinstatement costs. This approach eliminates the need for costly and time-consuming site visits, allowing insurers to obtain accurate cost assessments with just a property address.

3. Key Features of Commercial Rebuild

Verisk Commercial Rebuild is designed with user-friendliness and efficiency in mind. Some of its key features include:

Minimal Input Requirements: Users can generate an initial estimate with just an address or Unique Property Reference Number (UPRN).

Customizable Data Inputs: Additional property information can be incorporated for a more tailored reinstatement cost estimate.

Utilization of Unique Property Data Sets: The model leverages Verisk’s comprehensive datasets to retrieve essential information concerning the size, construction, and usage of properties.

Multiple Access Points: The service can be accessed through a real-time API, a web-based mapping portal, or a self-service batch tool, providing flexibility for users.

Enhanced Accuracy and Speed: The platform offers faster and more precise assessments than traditional survey methods.

Regular Updates: The detailed rebuild cost model is frequently updated to reflect fluctuations in building materials and labor costs.

Nutan Rajguru, head of U.K. claims and underwriting analytics at Verisk, emphasized the solution's significance, stating, “By providing a comprehensive, accurate, and flexible solution for assessing rebuild values, Verisk Commercial Rebuild addresses the critical issue of underinsurance and helps insurers, MGAs, and brokers offer better protection to their clients.”

4. Streamlining Underwriting Processes

Verisk Commercial Rebuild is designed to provide consistent and automated rebuild assessments for commercial properties. By integrating surveying expertise, extensive property datasets, and high-performance technology, the platform aims to enhance exposure measurement and improve customer satisfaction.

The seamless integration of data simplifies workflows, allowing insurers, Managing General Agents (MGAs), and brokers to access essential information more easily. All data inputs and analytical calibrations are guided by domain experts utilizing structured methodologies, ensuring that professional judgment remains central to the assessment process.

5. Commitment to Innovation

Verisk remains dedicated to delivering data-driven innovations that empower U.K. insurers to enhance operational efficiency, reduce costs, and improve customer outcomes. Solutions like Commercial Rebuild not only streamline underwriting processes but also complement the company’s AI-powered platforms and advanced fraud detection tools, facilitating more effective claims handling.

With a strong focus on clarity, speed, and accuracy, Verisk equips insurers with the tools necessary to navigate complex challenges with confidence.

*For more information about Commercial Rebuild, please visit the Verisk website.*

About Verisk

Verisk is a leading strategic data analytics and technology partner to the global insurance industry, helping clients strengthen operational efficiency, improve underwriting and claims outcomes, and make informed decisions on global risks. With a presence in over 20 countries, Verisk is recognized for its commitment to fostering an inclusive workplace culture and consistently earns certification as a Great Place to Work. For additional insights, visit Verisk.com and the Verisk Newsroom.

Original press release