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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
Verisk appoints new leaders after investor pressure
25th May 2022
Global data analytics provider Verisk has announced the appointments of Lee M. Shavel as CEO and Mark V. Anquillare as President, following its annual shareholders meeting. Shavel was also elected to the Verisk Board of Directors, and three new independent directors nominated by the company, were elected to the Verisk’s Board ... Read the full article
Revenue increases of 6.8% in Q1 2022 for Verisk
4th May 2022
Verisk is reporting an increase in revenues of 6.8% in Q1 2022, according to its latest results. According to the firm, net income attributable was $505.7m, up 199.9% for the first quarter of 2022. The increase was primarily related to $450.8m gain from the sale of its environmental health and safety ... Read the full article