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Insurance · head to head

INSTANDA vs Verisk

INSTANDA logo

INSTANDA

Insurance

No-code product builder that lets underwriters configure and launch insurance products themselves

From
On request
Rated
-
Full reviewWebsite
Verisk logo

Verisk

Insurance

Insurance data, ISO forms and rating content that most American P&C products are built on

From
On request
Rated
-
Full reviewWebsite

The short version

  • Each has a real cost: INSTANDA it is a product and policy layer, not a full core suite, so claims, finance, commissions and reporting are integrations you pay for separately and the total is well above the licence quote.; Verisk the ISO content has no real substitute for a carrier writing standard lines, so renewal negotiations start from a position where walking away is not credible.
  • They diverge on capability: INSTANDA covers Browser-based product build, Verisk covers ISO forms and rating content.
  • Prices and features above were last checked on 31 August 2026.

Where they differ

Only the attributes on which INSTANDA and Verisk actually diverge.

Attributes where INSTANDA and Verisk differ
AttributeINSTANDAVerisk
PlatformsWeb, APIWeb, API, Windows

Identical on both: starting price (On request), pricing model (quote), free tier (No), user rating (Not yet rated), category (Insurance).

What each one covers

Drawn from each product's published feature list. An absence here means we hold no record of it - not that the product lacks it.

Only in INSTANDA

  • Browser-based product build
  • Rating configuration
  • Document generation
  • Distribution portals
  • API access
  • Product versioning

Only in Verisk

  • ISO forms and rating content
  • ClaimSearch
  • Extreme event models
  • Property data
  • Xactimate
  • Underwriting analytics

What people use each for

The jobs each tool is most often brought in to do.

INSTANDA

  • An MGA launching a niche product in weeks and iterating rating without a development cyclenot Verisk
  • A broker building an own-brand scheme on top of a capacity agreementnot Verisk
  • A carrier running product experiments away from the core policy systemnot Verisk
  • An embedded insurance programme where the product must be exposed through a partner APInot Verisk

Verisk

  • A carrier filing standard commercial lines products that must use recognised forms and loss costsnot INSTANDA
  • A claims organisation checking submitted claims against the industry database for prior activitynot INSTANDA
  • A property insurer pricing catastrophe exposure for reinsurance placementnot INSTANDA
  • An MGA that needs bureau content without building and filing proprietary forms in every statenot INSTANDA

Where each one falls short

Documented limitations, not opinions. Every one is a constraint you would hit in normal use.

INSTANDA

  • It is a product and policy layer, not a full core suite, so claims, finance, commissions and reporting are integrations you pay for separately and the total is well above the licence quote.
  • No-code configuration puts product logic in the hands of underwriters, which is fast but also means product changes can bypass the change control and testing discipline an IT-owned release would enforce.
  • Complex rating that needs external models, machine learning scores or intricate referral hierarchies pushes past what browser configuration handles cleanly.
  • Market presence is concentrated in the United Kingdom and Europe, so North American buyers will find fewer local references and less familiarity with state filing workflows.
  • As configuration grows across many product versions it becomes its own maintenance burden, and without discipline you accumulate variants nobody remembers the reason for.

Verisk

  • The ISO content has no real substitute for a carrier writing standard lines, so renewal negotiations start from a position where walking away is not credible.
  • Pricing is negotiated separately per product and per line, and large insurers routinely find overlapping agreements across underwriting, claims and actuarial that nobody had counted together.
  • Circular updates to forms and loss costs must be loaded into your policy system on a schedule, which is recurring work that carriers with older platforms do partly by hand.
  • The breadth of the portfolio means account management is spread across product teams, so a problem in one service does not necessarily get attention from the people selling you another.
  • Usage-based components such as data prefill and claims searches make annual spend hard to forecast, and the variance lands in the year you grow fastest.

Pricing, plan by plan

INSTANDA

On request
  • INSTANDA Platform$undefined/year
    • Product configuration environment
    • Policy administration
    • Distribution portals

Verisk

On request
  • Verisk Insurance Solutions$undefined/year
    • ISO forms and loss cost licensing
    • Data and analytics services by line
    • API access

Which should you pick?

Choose INSTANDA if

  • You need browser-based product build.
  • You work on Web, API.
  • You also want rating configuration.
INSTANDA review

Choose Verisk if

  • You need iso forms and rating content.
  • You work on Web, API, Windows.
  • You also want claimsearch.
Verisk review

Questions people ask

Is INSTANDA or Verisk better?
Neither clearly leads. INSTANDA starts at On request and Verisk at On request, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, INSTANDA or Verisk?
INSTANDA starts at On request and Verisk at On request.
Does INSTANDA or Verisk run on more platforms?
INSTANDA runs on Web, API. Verisk runs on Web, API, Windows.
What is INSTANDA best used for?
INSTANDA is most often used for an mga launching a niche product in weeks and iterating rating without a development cycle, a broker building an own-brand scheme on top of a capacity agreement, a carrier running product experiments away from the core policy system, an embedded insurance programme where the product must be exposed through a partner api. Of those, an mga launching a niche product in weeks and iterating rating without a development cycle and a broker building an own-brand scheme on top of a capacity agreement are not what Verisk is typically brought in for.
What can INSTANDA do that Verisk cannot?
INSTANDA covers Browser-based product build, Rating configuration, Document generation, Distribution portals. Verisk covers ISO forms and rating content, ClaimSearch, Extreme event models, Property data.

Answered from the vendors’ own pages

INSTANDA: Can underwriters really build products without developers?

Yes for mainstream product structures, and this is worth testing in a proof of concept with your own staff. Complex rating that calls external models still needs engineering.

Verisk: Can a carrier avoid ISO content entirely?

Only by developing and filing proprietary forms and rates, which a handful of large insurers do. For everyone else the filing and legal cost of independence exceeds the licence.

INSTANDA: Is it a complete core system?

No. It covers product, quoting and policy administration well. Claims, finance and commissions are separate systems you integrate.

Verisk: Is Xactimate part of Verisk?

Yes. It came with the Xactware acquisition and is the dominant property claims estimating tool in North America, used by carriers and by the contractors they pay.

INSTANDA: Where is it strongest geographically?

The United Kingdom and Europe, particularly among MGAs. North American deployments exist but the reference base is younger.

Verisk: Did Verisk sell off businesses?

Yes. It divested non-insurance units including its energy research business in 2023 and refocused on insurance data and analytics.

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