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Hurricane Ian could drive $57bn insured loss, says Verisk

3rd October 2022

Data analytics and risk assessment firm Verisk has estimated that Hurricane Ian could drive a re/insurance industry loss of between $42 billion and $57 billion. This estimate accounts for wind, storm surge and inland flood losses from Ian’s landfalls in both Florida and South Carolina, although analysts say the majority of ... Read the full article

Technology has outpaced the insurance markets appetite: Verisk’s Tim Rayner

26th September 2022

2022 is set to be a landmark year of change in the London market, with the evolution of cloud computing, distributed computing via APIs, and data augmentation all starting to culminate in opportunities for the market to be more efficient as it starts to move from analogue to digital. This is ... Read the full article

Verisk expands property estimating solutions with integration of Yembo’s tech

20th September 2022

Verisk has continued the expansion of its property estimating ecosystem with the integration of Yembo’s 3-D models and AI-Driven insights. Yembo’s AI-powered technology now integrates with Xactimate, says Verisk, enabling desk adjusters to view photo-realistic, 3-D models of interior damage created from videos captured onsite via smart devices. Siddharth Mohan, co-founder and ... Read the full article

Verisk launches new Industry Risk Analytics to expand capabilities

15th September 2022

Verisk Maplecroft, a global risk analytics business of Verisk, has launched its new Industry Risk Analytics to provide companies, insurers, and financial institutions with a new geospatial risk solution. The Industry Risk Analytics are the latest innovation from Verisk Maplecroft as it strives to provide global business and finance with a ... Read the full article

VYRD teams up with Verisk

30th August 2022

VYRD is partnering up with Verisk to launch a new homeowner insurance venture in Florida. The firm said that it was using Verisk’s LightSpeed for Homeowners platform to help streamline the process of obtain quotes for homeowners. Its initial focus, said the company, will be on those customers who are challenged ... Read the full article

Olumide Soroye added to Verisk’s Board of Directors

22nd August 2022

Insurance and analytics provider Verisk has appointed Olumide Soroye as independent director of the company’s Board of Directors, effective immediately. Soroye brings 30 years of leadership experience across multiple industries towards the role. Moreover, Soroye currently serves as President and Chief Executive Officer of Fortive Corporation’s Intelligent Operating Solutions segment. Before joining ... Read the full article

Verisk insurance segment revenue up 10.9% through Q2

3rd August 2022

Insurance and analytics provider Verisk has reported revenue growth of 10.9% within its Insurance segment, which offset shrinking revenues across other business segments. Insurance revenue grew from $550.0 million to $610.0 million from Q2 last year to the same period in 2022. Meanwhile, Underwriting & rating revenue was up 12.8% to $437.8 ... Read the full article

Verisk appoints Elizabeth Mann as Chief Financial Officer

22nd July 2022

Leading global data analytics provider, Verisk, has named Elizabeth Mann as executive vice president and chief financial officer (CFO). In her new role as CFO she will lead Verisk’s global finance organisation, including accounting and controllership, financial planning and analysis, investor relations, strategic sourcing and procurement, tax and treasury. Effective 15 September, ... Read the full article

Swiss Re names Verisk’s Latarche as Chief Commercial Officer, Reinsurance Solutions

20th July 2022

Paul Latarche of Verisk is set to join global reinsurance giant Swiss Re in September as its new Chief Commercial Officer, Reinsurance Solutions. At Verisk, Latarche leads the international sales team, having joined the company towards the end of 2018 as Chief Commercial Officer - Sequel Business Solutions. Earlier in his career, ... Read the full article

Verisk appoints Tim Rayner President of Specialty Business Solutions

1st July 2022

Leading global data analytics provider, Verisk has named Tim Rayner President of the company’s Specialty Business Solutions group, effective immediately. As an experienced veteran within the insurance industry, with more than 20 years of experience, Rayner will bring a strong level of expertise with him towards his new role. He most recently ... Read the full article

Verisk launches new service for P&C insurers

30th June 2022

Insurance and analytics provider, Verisk has announced the launching of a service that will help property and casualty insurers improve claims processing efficiencies. Customers using Verisk’s ClaimSearch solution can now access first notice of loss (FNOL) and telematics data with little or no insurer technology resources required to integrate, said Verisk ... Read the full article

Verisk and Loveland integrate property claims scoping process

29th June 2022

Verisk’s claims-handling solutions, Xactimate, XactAnalysis and Loveland’s IMGING property inspection data platform are to be integrated, simplifying the process of estimate creation for insurance adjustors. The result is a full artificial intelligence and data-driven end-to-end property adjusting software solution that provides complete 3-D models and measurements of structures while keeping ... Read the full article

Verisk & LIMRA partner to combat financial crimes in life insurance

8th June 2022

Global data analytics provider, Verisk has announced that it is partnering with LIMRA to deliver greater capabilities to insurers and recordkeepers, to help them combat fraud and financial criminal attacks on their customers. The partnership will expand Verisk’s extensive anti-fraud portfolio, which includes ClaimSearch,  the world’s largest database of property and ... Read the full article

Verisk releases new web-based weather mapping and analytics platform

8th June 2022

Verisk has expanded its weather intelligence with the release of its new mapping and analytics platform. It’s newly enhanced web-based weather analytics data solution, Respond MAP, enables users to combine valuable weather data with locations of interest, such as policies-in-force, to quickly evaluate the impact of significant weather events. The solution also ... Read the full article

Verisk names new President of Claims Solutions

6th June 2022

Insurance and analytics provider, Verisk has appointed Maroun Mourad as President of Claims Solutions. He will succeed Rich Della Rocca, who is set to retire from Verisk after 27 years at the company, effective July 1, 2022. Mourad joined Verisk in 2015 as Senior Vice President, Commercial Lines. He then quickly advanced ... Read the full article