The Central Station Alarm Association (CSAA) board of directors formally approved the CSAA/Verisk Data Exchange Project at its October 11 annual meeting in Sonoma, Calif.
The project goal is to study the impact of professionally monitored alarm systems on insurance risk. This will be accomplished by combining CSAA member alarm system data with Verisk’s proprietary insurance data. Insights from this study could be used in filings for updated discounts with insurance department regulators. This project will also assess the relevancy and value of alarm system data in the insurance underwriting, pricing and claims handling process.