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Verisk launches Next Generation Models to help re/insurers mitigate losses
8th April 2024
Global data analytics and technology provider Verisk has launched its Next Generation Models (NGM), which will be implemented by insurers and reinsurers to evaluate risks and anticipate insured losses from extreme events more accurately. According to Verisk, this suite of 100+ models is now available on its catastrophe risk management software ... Read the full article
Verisk adds Greg Hendrick to its Board of Directors
2nd April 2024
Verisk, a global data analytics and technology provider, has appointed Greg Hendrick as an independent director of its Board of Directors, effective immediately. Lee Shavel, President and Chief Executive Officer, Verisk commented on the appointment, "We’re thrilled to welcome Greg to the Board. Greg’s deep understanding of the insurance industry and ... Read the full article
Verisk SBS appoints Taha Ahmad as Director of Pricing Solutions
27th March 2024
Verisk Speciality Business Solutions (Verisk SBS), a re/insurance software specialist, has recently announced the appointment of Taha Ahmad to the senior position of Director of Pricing Solutions. In this newly established position, Ahmad will oversee all aspects of pricing solutions, driving strategy and development efforts across Verisk SBS. Ahmad’s appointment reflects a ... Read the full article
Verisk integrates with Seek Now to streamline homeowner insurance claims
26th March 2024
Verisk, a global data analytics and technology provider, has strategically integrated with Seek Now, a claims inspection service provider and business intelligence solution in residential and commercial property insurance. This integration aims to expand Verisk’s open ecosystem to offer claims adjusters increased flexibility and streamline the damage assessment process. Seek Now’s ... Read the full article
Hastings Direct enhances property assessment with Verisk’s UKBuildings
7th March 2024
Verisk, an insurance and analytics provider, has recently announced that Hastings Direct will now leverage its UKBuildings database to enhance its capabilities in assessing properties for insurance. UKBuildings is a comprehensive, property-specific database catering to organisations looking for detailed building information, especially beneficial for residential and commercial insurance providers. It offers ... Read the full article
FRISS and Globlue Technologies join Verisk’s ClaimSearch platform
6th March 2024
Global data analytics and technology provider, Verisk is expanding its fraud-fighting capabilities with two new partners FRISS and Globlue Technologies. Both insurance technology companies will join the Verisk Claims Solutions ecosystem by integrating with Verisk's ClaimSearch platform, which includes the world's largest property and casualty (P&C) claims database containing over 1.7 ... Read the full article
Verisk reports revenue increase in Q4’23 due to growth in underwriting
22nd February 2024
Verisk, a global data analytics and technology provider, has reported an increase in its consolidated and organic constant currency (OCC) revenues in Q4'23, primarily due to solid growth in underwriting and more moderate growth in claims. Consolidated revenues were $677.2 million, up 7.4% and up 6.0% on an OCC basis for ... Read the full article
Verisk and BGF invest in KYND to advance cyber risk management
16th February 2024
UK-based KYND, a provider of cyber risk management solutions, has secured an undisclosed amount in funding from data and technology provider Verisk, and BGF, an existing backer and experienced growth capital investors in the UK. Andy Thomas and Melanie Hayes founded KYND in 2018. Since then, it has developed a cyber ... Read the full article
Verisk launches generative AI feature in Discovery Navigator
9th February 2024
Verisk, a global data analytics and technology provider, has introduced an automated generative artificial intelligence (generative AI) record summary capability in its Discovery Navigator platform. Aimed at property and casualty claims professionals, this feature is set to revolutionise the medical record review process. Discovery Navigator has already established itself as a game-changer, ... Read the full article
Former chief claims officers join newly created Verisk Claims Advisory Board
19th January 2024
Verisk, a global data analytics and technology provider, has announced the creation of the Verisk Claims Advisory Board, which will aim to address the ever-evolving needs of claims organisations and to continue delivering cutting-edge solutions and value. The newly created Board will be comprised of a group of former chief claims ... Read the full article
Verisk names Caccese & Khemka Co-Presidents of Underwriting Solutions
10th January 2024
Verisk, the global data analytics and technology provider, has announced that both Doug Caccese and Saurabh Khemka will serve as co-presidents of Verisk Underwriting Solutions as Neil Spector moves into a strategic advisor role, effective January 16. An experienced veteran, Caccese has more than three decades of experience across the insurance ... Read the full article
Insured losses from Japan earthquake estimated between $1.8-3.3bn: Verisk
9th January 2024
According to Verisk’s “Extreme Event Solutions” business unit, insured losses from the earthquake that struck near the Noto peninsula in Ishikawa prefecture, Japan, will be between approximately US $1.8 billion and $3.3 billion (JPY 260-480 billion). The United States Geological Survey (USGS) reported on January 1st, 2024, the M7.5 earthquake on ... Read the full article
Verisk’s PCS adds SRCC data measuring to Global Terror product risk
15th December 2023
PCS, a business unit of Verisk, has announced the expansion of its Global Terror Index to include SRCC (Strikes, Riots, Civil Commotions, and Civil Unrest) to help enhance the understanding and management of political violence risks in the re/insurance market. The SRCC enhancement will also provide robust data to assess and ... Read the full article
Verisk names Rob Newbold President, Extreme Event Solutions as Bill Churney retires
7th December 2023
Verisk, the global data analytics and technology provider, has named Rob Newbold to succeed Bill Churney as the President, Extreme Event Solutions following his retirement. The appointment is effective starting December 31st, 2023. Lee Shavel, President and Chief Executive Officer, Verisk, commented on the appointment, "The Extreme Event Solutions team plays a ... Read the full article
Verisk launches FairCheck to address regulatory scrutiny and ensure fair insurance pricing
20th November 2023
Global data analytics and technology provider, Verisk, has introduced FairCheck, a comprehensive solution aimed at helping insurers assess their personal lines models and variables to address regulatory changes. FairCheck offers a customisable and scalable methodology along with consultative services to evaluate and mitigate the potential for unfairly discriminatory outcomes, especially in ... Read the full article