Verisk, a strategic data analytics and technology partner to the global insurance industry, has launched its Commercial GenAI Underwriting Assistant, a new cloud-based solution designed to transform commercial property underwriting.
This new solution leverages Verisk’s advanced data analytics and generative AI to automate a range of manual tasks that can usually hinder underwriters’ performance.
The Assistant can also summarize complex datasets via data ingestion and deliver real-time risk appetite insights to accelerate underwriting risk assessment.
Moreover, it integrates into existing policy administration and underwriting systems as an API-enabled solution, ensuring flexibility, scalability and security. And enhances decision-making via a “Human-in-the-Loop” approach by combining AI-driven insights with expert judgment, rather than replacing it.
Caccese, co-president of underwriting solutions at Verisk, said: “Automation is no longer a luxury for insurers—it’s a necessity. As strategic partners to our clients and leaders in modelling and rating support, we want to help insurers evolve their workflows in a future-proof and scalable way.
“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.”
Verisk’s new Commercial GenAI Underwriting Assistant was designed to address some of the biggest issues facing insurers today, including rising costs, tighter margins and a shrinking workforce.
By boosting operational efficiency and providing actionable insights, the solution helps improve pricing and automates risk intake.
According to Verisk’s 2025 State of the Industry Survey profitability is the priority for 43% of respondents, followed by revenue and growth at 28 percent. Digital transformation was chosen as a major challenge for 36%; and 69% believe AI and generative AI will have the most significant impact on the industry over the next five years.
“These findings, based on responses from 264 Verisk Insurance Conference attendees, underscore the urgent need for intelligent automation and data-driven decision support to enhance underwriting profitability,” Verisk stated.
Verisk’s Commercial GenAI Underwriting Assistant is part of Verisk’s Augmented Underwriting Suite, which seamlessly integrates products like Touchstone and Rulebook. Developed in a secure environment, the solution adheres to ethical AI principles – fairness, accountability, inclusivity, transparency, and privacy, the firm explained.
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