General Insurance Underwriting

Escape of Water Insight

The severity and scale of escape of water (EOW) claims make them the costliest peril for UK home insurers. Understand address-level exposure to mitigate losses.

Leaky properties, leaky premiums

Some of the largest drivers of escape of water risk can only be known from data at an address level—for example, the number of bathrooms and bedrooms, number of floors, and total floor area. Then there are additional risk factors such as the type of property, whether it has been extended and altered, its energy usage, and whether it is tenanted.

Pull the plug on escape of water risk

Escape of Water Insight is an analytics model that uses machine-learning algorithms to predict the likelihood of EOW claims due to non-freeze events in residential properties across the UK.

Price more accurately with address-level insight

Access to address-level data can vastly improve an insurer’s ability to measure escape of water risk and price accurately.

Highly granular analysis of flats

From purpose-built to converted flats, our model can identify each dwelling’s exposure based on its location, floor number, and property attributes.

Full UK coverage for residential properties

Our latest Escape of Water Insight model is address- and postcode-specific, validated against five years of relevant claims history, and able to rank properties by risk level.

Freezing cold weather and burst pipes?

While Escape of Water Insight captures the risks associated with maintenance-related plumbing incidents, Verisk’s Freeze Insight assesses EOW risk caused by frost-related incidents.

Freezing cold weather and burst pipes?

Our model contains over 6 million building-control applications collected from more than 200 councils in a five-year period—and over 18 million Energy Performance Certificate records.

Features and capabilities

All relevant property characteristics captured

The model identifies the number of bathrooms, bedrooms, and floors for every address, which all correlate with the likelihood of claims.

Understand energy usage of every address

Energy costs, usage, and efficiency ratings captured in Energy Performance Certificates may indicate how well a property is maintained and how much a household uses heating, which creates more wear points of failure in pipes.

Know if a property has been extended or altered

Any notifiable plumbing works carried out through extending or altering a property can create new exposures and are identified in building control applications.

Identify tenanted addresses

Tenanted properties tend to be more exposed than owner-occupied properties in terms of both reporting and quality of maintenance.

Verisk’s UK peril models are easy to implement and provide an accurate view of the associated risks. The precision of their escape of water model provides the granularity necessary to fine tune policies to the individual needs of our customers. The Verisk team values collaboration, listens to our needs, and are always adapting their proposition to meet the evolving demands of the insurance industry.

Tokio Marine HCC

Do more with the Verisk ecosystem

Our suite of underwriting tools and data sets provide granular and accurate insight into the risk associated with any building and the people who live there, along with previous claims information and relevant perils exposure at a postcode or address level.

Contact us to learn more

Please contact us for questions, technical support, or to reach a salesperson. We are available Monday through Friday, 9 a.m. — 5 p.m. BST:

Global toll-free:

International Access code, then 800 48977489.

Main toll-free:

1-800-888-4476

Sales/Support

First Name

Last Name

Business Email

Title

Company

Country

Questions/Comments

Escape of Water Insight

Leaky properties, leaky premiums

Pull the plug on escape of water risk

Price more accurately with address-level insight

Highly granular analysis of flats

Full UK coverage for residential properties

Freezing cold weather and burst pipes?

Freezing cold weather and burst pipes?

Features and capabilities

All relevant property characteristics captured

Understand energy usage of every address

Know if a property has been extended or altered

Identify tenanted addresses

Do more with the Verisk ecosystem

Automated rapid property characteristics

Major perils risk assessment

Interactive property risk mapping

Property address verification

Freeze risk assessment

Contact us to learn more

Global toll-free:

Main toll-free: