The latest partnership news from Hastings Direct and Verisk;
Verisk (Nasdaq: VRSK), a leading global data analytics and technology provider, is pleased to announce that Hastings Direct, the technology driven UK insurance provider, is enhancing its household underwriting service capabilities through licensing Verisk’s UKBuildings.
UKBuildings is a comprehensive and highly granular property database for an organisation or industry interested in accurate buildings data including, but not limited to residential and commercial insurance underwriters.
The addition of Verisk’s UKBuildings data to Hastings Direct’s underwriting services toolkit will enable the company to refine its risk assessment and underwriting analysis to meet the needs of its insurance underwriter by providing valuable insights into various property attributes, including basements.
“Following the completion of a rigorous data test affirming the reliability and accuracy of Verisk’s UKBuildings, we were particularly impressed by the solution’s high level of detail and its ability to identify residential properties with basements,” says Simon Parker, Head of Household Underwriting, Hastings Direct. “The rich dataset will empower more informed decisions, strengthen risk management capabilities, and ultimately enhance the overall customer experience.”
Alex Croydon, managing director of general insurance UK at Verisk, added: “We are excited to support Hastings in its mission to accelerate growth and improve its household insurance book. Our UKBuildings data is designed to help provide insurers with a comprehensive understanding of property attributes, and we are confident that this collaboration will yield positive outcomes for both parties.”
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