TLDR: Verisk has launched its Commercial GenAI Underwriting Assistant, a new cloud-based solution leveraging generative AI and advanced data analytics to significantly enhance efficiency, accuracy, and profitability in commercial property underwriting. The tool automates complex tasks, provides real-time insights, and integrates seamlessly into existing systems, addressing critical industry challenges like rising costs and workforce shortages.
JERSEY CITY, N.J. – September 16, 2025 – Verisk (Nasdaq: VRSK), a prominent strategic data analytics and technology partner to the global insurance industry, today announced the introduction of its Commercial GenAI Underwriting Assistant. This innovative, cloud-based solution is engineered to revolutionize commercial property underwriting by integrating advanced data analytics with generative artificial intelligence.
The new assistant aims to empower underwriters to make more informed decisions with unprecedented ease and speed, ultimately enhancing profitability outcomes and enabling adaptation to the dynamic commercial property market. The solution is designed to tackle some of the insurance industry’s most pressing challenges, including escalating costs, shrinking margins, and a diminishing workforce that threatens institutional knowledge.
Key functionalities of Verisk’s Commercial GenAI Underwriting Assistant include:
Automation of Workflows: Harnesses generative AI capabilities to automate manual tasks and streamline complex workflows.
Data Summarization: Efficiently summarizes extensive and complex datasets through advanced data ingestion.
Real-time Risk Insights: Delivers real-time risk appetite insights, significantly accelerating the underwriting risk assessment process.
Seamless Integration: Designed as an API-enabled solution, ensuring flexible, scalable, and secure integration into existing policy administration and underwriting systems.
Human-in-the-Loop Approach: Enhances decision-making by combining AI-driven insights with expert human judgment, rather than replacing it, fostering a collaborative environment.
Doug Caccese, co-president of underwriting solutions at Verisk, emphasized the necessity of such advancements, stating, “Automation is no longer a luxury for insurers—it’s a necessity. As strategic partners to our clients and leaders in modeling 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.”
The launch comes at a crucial time for the insurance sector. According to Verisk’s 2025 State of the Industry Survey, which gathered responses from 264 attendees of the Verisk Insurance Conference, profitability was cited as the top priority by 43 percent of respondents, followed by revenue and growth at 28 percent. Furthermore, 36 percent identified digital transformation and technology modernization as their biggest challenge, and a notable 69 percent believe that AI and generative AI will have the most significant impact on the industry over the next five years. These findings underscore the urgent need for intelligent automation and data-driven decision support to enhance underwriting profitability.
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The Commercial GenAI Underwriting Assistant is part of Verisk’s broader Augmented Underwriting Suite and integrates seamlessly with existing products like Touchstone and Rulebook. Verisk affirms its commitment to ethical AI principles, ensuring the solution was developed in a secure environment adhering to fairness, accountability, inclusivity, transparency, and privacy standards. By boosting operational efficiency and providing actionable insights, the solution is expected to improve pricing accuracy and automate risk intake, solidifying Verisk’s position as a leader in insurance technology.
