Once difficult, not doable. Rating by peril is relatively simple, because the only information needed is the property address. However, adding in the building characteristics component requires detailed property-specific information for each property under consideration for underwriting.
Recently, I was in the office of our family orthopedist and saw the group's mission statement on a poster. As I read the commitments listed there, it occurred to me that all of these could also apply to claims management, but two of them were especially applicable
Rates are steady in the Commercial Multi-Peril market, and are falling in some cases. Coverage is broader, and several insurers have added Cyber insurance to packages that already include Property, General Liability and, depending on the insurer, Marine, Crime and Auto.
It's impossible to ignore the ever-increasing number of cyber breaches in the U.S. In its September 2014 report on data breach preparedness, the Ponemon Institute found that 43% of respondents had experienced an attack, up 10 percentage points from the prior year.