BuildFax Solutions Enable Insurers to Quickly Access Robust Information on Property Condition and History through Duck Creek Content Exchange
Verisk (Nasdaq:VRSK), a leading data analytics provider, and Duck Creek Technologies, a leading provider of core system solutions for the property/casualty insurance industry, announced today the addition of solutions from BuildFax, a Verisk business, to Duck Creek’s Content Exchange. These BuildFax solutions will enable insurers to easily access robust property condition and history data through the Duck Creek Platform.
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The BuildFax solutions – Roof Age, Property Condition Score, and Major Systems Insights – are rooted in ground-truth permit data, providing critical information about a property’s condition – which includes the age of its roof and maintenance activity on plumbing, electrical, and mechanical systems.
These additional solutions are the latest Verisk products available on Duck Creek’s Content Exchange. Duck Creek customers can currently access a wide range of Verisk tools through the Content Exchange, including detailed information on the relative risk of vehicles, the replacement cost for specific homes, and robust telematics data from consenting drivers for usage-based insurance programs.
“Personal lines insurers today need quick and easy access to robust data about property conditions,” said Robert Fletcher, head of global solution partnerships at Duck Creek. “With these additions to the Duck Creek Content Exchange, carriers who use our software will now be able to easily access BuildFax solutions and make more informed and efficient decisions about the homes they insure.”
“Information about roofs and major systems is critically important in evaluating a structure’s risk,” said Jonathan Kanarek, managing director of BuildFax. “By integrating these BuildFax solutions into Duck Creek’s Platform, we’re making it simple for Duck Creek’s customers to access updated and detailed information about property conditions and help policyholders get the coverage they need.”
