Paul Sanchez
A-PLUS™ is a property database that contains loss-history data from over 1,375 insurers, representing a market share of more than 95%. It is the only database available to both personal and commercial lines underwriters. A-PLUS reports provide up to seven years of claims data on all losses, due to all perils and at all loss levels. The database helps underwriters make more informed decisions about risk factors and enables insurance companies to provide more accurate initial quotes to policyholders.
| Characteristics | Values |
|---|---|
| Name | A-PLUS™ |
| Type | Loss History Report |
| Purpose | Evaluating property and liability risks |
| Availability | Available to both personal and commercial lines underwriters |
| Data Sources | More than 1,375 insurers |
| Market Share | More than 95% |
| Data Coverage | Up to 7 years of claims data on all losses, due to all perils and at all loss levels |
| Features | Advanced search, easy-to-read reports, virtual inspection capability, high-resolution aerial imagery, replacement cost estimates |
| Provider | Verisk |
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Loss History Reports
A-Plus collects and reports insurance claims and loss history associated with homes, automobiles, or personal property. The A-Plus property database contains loss history data from over 1,375 insurers, representing a market share of more than 95%. An A-Plus report provides up to seven years of claims data on all losses, due to all perils, and at all loss levels. The report also includes advanced features that help identify risk factors in the underwriting process.
A-Plus reports can be used by insurance companies to deliver more accurate initial quotes, prevent surprise changes, and create a seamless buying journey for policyholders. They can also be used to guide critical underwriting and rating decisions. For example, an insurance company may use the report to determine if a customer's previous losses were related to weather events such as wind and hail and whether those losses meet their underwriting eligibility criteria.
Individuals can also request a free A-Plus loss history report for themselves once every 12 months. This is important as it allows individuals to identify any inaccurate or incomplete information in the report that may lead to being turned down for insurance or being charged a high premium. If any inaccurate or incomplete information is found, individuals have the right to dispute the report's content with the consumer reporting company and the company that shared the information.
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Property Loss History
A-PLUS Property Loss History Reports are a vital tool for evaluating property and liability risks. The database contains loss history data from over 1,375 insurers, representing a market share of more than 95%. It is the only database available to both personal and commercial lines underwriters.
A-PLUS reports provide up to seven years of claims data on all losses, due to all perils, and at all loss levels. The data is summarised in an easy-to-read report, which can be ordered online. The report includes personal information to identify the individual, as well as a record of any auto or homeowner property loss claims submitted to an insurance company within the past seven years. In most states, the reports can also include property damage, even if the insurance company did not pay out.
A-PLUS helps insurers by providing customised loss history options at the point of quote, optimising expenses and improving profitability. It also helps insurers deliver more accurate initial quotes, prevent surprise changes, and create a seamless buying journey for policyholders.
As a consumer, it is important to order a copy of your A-PLUS loss history report before applying for home or auto insurance. This allows you to fact-check your report and dispute any inaccurate or incomplete information. By law, one free report is allowed per year, and companies must provide this within 15 days of receiving the request.
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Auto Loss History
The A-PLUS™ auto database contains information on over 131 million auto insurance claims, representing a market share of more than 92%. This database allows auto insurers to exchange information about auto loss insurance claims. The information in the database can be used to assess the risk associated with selling insurance policies to customers.
The A-PLUS Auto Loss History Report provides up to seven years of loss history data, summarized in an easy-to-read format. This report can be used before binding coverage to ensure proper underwriting and pricing of a risk. The broad search capabilities of the database allow users to immediately identify suspected claims activity for potential or existing insured individuals.
The A-PLUS Auto Enhanced with Public Records feature bridges the 5.3% crash gap in loss history reports by providing access to over 300 million crash records. This feature empowers agents and underwriters with applicant claims data, enabling precise pricing and insurability decisions. The proprietary algorithm ensures comprehensive claim capture, requiring only names and addresses, with all other fields being optional.
The A-PLUS loss history reports help insurers deliver more accurate initial quotes, prevent surprise changes at the time of binding, and create a seamless buying journey for valued policyholders. By accessing loss history data, insurers can gain a clearer picture of past claims, enabling better-informed underwriting and rating decisions. Additionally, A-PLUS offers flexible solutions, such as the Claims Activity Profiler (CAP), which helps determine when to order full reports, optimizing expenses and enhancing profitability.
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Risk Data
The A-PLUS™ property database is a tool used to evaluate property and liability risks. It is the only database available to both personal and commercial lines underwriters. The database contains loss-history data from over 1,375 insurers, representing a market share of more than 95%. An A-PLUS report includes advanced features that provide a reliable mechanism for identifying risk factors in the underwriting process.
A-PLUS helps insurers get customized loss history options at the point of quote to optimize expenses. It also allows users to uncover risks and bring application data to life with high-resolution aerial imagery. It is a useful tool for keeping homeowners better protected with replacement cost estimates built on real-world claims and multisource data.
HazardHub is another tool that enables users to assess insurance risk with comprehensive risk data sets. It provides high-resolution wildfire scoring that meets new California Wildfire Regulation 2644.9. It also offers detailed and accurate wind risk scoring, plus historical data. Hurricanes, tornadoes, and hail are among the most feared wind risks in the country and can cause massive devastation. HazardHub provides detailed scoring and grading of hurricane and tornado risk, including historical events, radius, and property damage from the nearest incident.
The National Flood Hazard Layer (NFHL) is another geospatial database that contains current effective flood hazard data. It is used to support the National Flood Insurance Program. The NFHL covers over 90% of the U.S. population, and new and revised data is continuously being added.
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Claims Activity
The A-PLUS database is a valuable tool for insurers, providing loss history data to help assess the risk associated with selling insurance policies to individuals. The database contains a wealth of information on past claims, which is essential for insurers in the underwriting process.
One of the key benefits of A-PLUS is its ability to provide a comprehensive view of claims activity. The database includes loss-history data from over 1,375 insurers, representing more than 95% of the market share. This extensive data coverage allows insurers to identify claim trends and gain insights to protect against future claims. For instance, it helps identify claim events that may have affected a residence but were never claimed by the owners.
A-PLUS reports offer up to seven years of claims data on all losses, encompassing all perils and loss levels. This includes information on auto and homeowner property loss claims, even if the individual did not own the car or home at the time of the loss. In most states, the reports can also include property damage, even if the insurance company did not pay out.
By leveraging A-PLUS, insurers can make more informed decisions about policy pricing and coverage. The database helps insurers deliver more accurate initial quotes, prevent unexpected changes at the time of binding, and create a seamless buying experience for policyholders. Additionally, A-PLUS enables insurers to detect fraud and manage premium leakage across the policy lifecycle.
Individuals can also benefit from accessing their A-PLUS reports. Consumers can request a free copy of their report annually, allowing them to identify any inaccurate or incomplete information that may impact their insurance applications. By reviewing their A-PLUS report, individuals can proactively address any potential issues and ensure they receive fair insurance premiums.
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Frequently asked questions
The A-PLUS™ property database is a tool used to evaluate property and liability risks. It is the only database available to both personal and commercial lines underwriters.
The A-PLUS database contains loss-history data from more than 1,375 insurers, representing a market share of over 95%. It provides up to seven years of claims data on all losses, due to all perils and at all loss levels.
To access the A-PLUS database, you can visit the ISO website and select "A-PLUS Property Loss History Report" under the A-PLUS category. You may need to enter account numbers and risk information to process your order.
By embedding high-quality risk data in underwriting, the A-PLUS database helps deliver more accurate initial quotes, prevent surprise changes, and create a seamless buying journey for insurance buyers.
You can request a free copy of your insurance report from companies like LexisNexis Risk Solutions, Verisk, or Drivers History once every 12 months. These reports provide your claim history and affect what you pay for coverage.
