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Verisk delivers Health Risk Rating Tool to China with AXA
7th April 2022
Verisk has announced that medical reinsurance provider & member of the AXA Group, AXA Life & Health Reinsurance is now using Verisk’s Health Risk Rating Tool. AXA Life & Health Reinsurance are using the tool to provide its insurance partners in China the ability to offer automated health insurance underwriting decisions, ... Read the full article
Verisk forms Climate Advisory Council
5th April 2022
Verisk has announced the formation of a Verisk Climate Advisory Council, whose members will provide strategic guidance and feedback on climate change solutions the company is developing. The ongoing research of the council members will help ensure that Verisk is well-informed on the latest climate change research and analyses, the firm ... Read the full article
Insured losses up to $4bn expected from Japan’s M7.3 quake: Verisk
24th March 2022
Analysts at Verisk Extreme Event Solutions (formerly AIR Worldwide), have estimated that insured losses to properties from the March 16th M7.3 earthquake that struck offshore from the island of Honshu, Japan, will be between JPY 240 billion (~USD 2 billion) and JPY 490 billion (~USD 4 billion). Of that figure, between ... Read the full article
Verisk meets investor pressure with insurance focus, new directors
21st March 2022
Verisk has responded to demands from activist investors by agreeing to reposition itself as a pure-play insurance focused business and seek further margin expansion, while also nominating three new independent directors for election to its board. Last week, a letter was sent to Verisk’s Board of Directors on behalf of ... Read the full article
Verisk tells D.E. Shaw actions taken are contributing to significant progress
18th March 2022
In response to demands from activist investors, Verisk Analytics has said that actions it has already taken are contributing to significant progress in its continued efforts to generate a robust performance for its shareholders. Yesterday, a letter was sent to Verisk's Board of Directors on behalf of certain investment funds ... Read the full article
D. E. Shaw urges Verisk to become a pure-play insurance-focused business
17th March 2022
The D. E. Shaw Group has written to the Board of Directors of Verisk Analytics to highlight concerns about the long-term underperformance of the firm's share price, and has called on Verisk to position itself as "a standalone insurance focused business." The letter was sent today on behalf of certain investment ... Read the full article
Verisk and Ford team up
9th March 2022
Verisk is teaming up with motor giant Ford to extract data from the latter’s vehicles that it will pass on to insurers to help assess driving behaviour. The service, to be made available in selected European countries, is said by Verisk to potentially help lower prices for safer drivers. Mark Harvey, director ... Read the full article
Verisk expands Canadian footprint with Opta acquisition
4th March 2022
Data analytics provider Verisk has acquired Opta, a Canadian provider of property intelligence and technology solutions, to further expand Verisk’s footprint in the Canadian market. The acquisition has enabled Verisk to adopt Opta’s technology and commitment to innovation, which will further fuel efforts to help customers improve operational efficiencies by delivering ... Read the full article
Verisk predicts Dudley and Eunice losses will fall between €3bn and €5bn
25th February 2022
The insured losses from Winter Storms Dudley/Ylenia and Eunice/Zeynep will fall somewhere between €3bn and €5bn, according to Verisk Extreme Event Solutions, with the majority of expected to be within Germany, the UK, and the Netherlands. According to the company, the industry loss estimates also reflect an adjustment to account for ... Read the full article
Verisk CEO announces retirement, succeeded by Lee Shavel
21st February 2022
Global data analytics provider Verisk has announced that Scott Stephenson, Chairman, President and CEO of Verisk, will be retiring from the company and will be succeeded by Lee Shavel, currently CFO of Verisk and group president. Mark Anquillare, currently COO of Verisk and group president, will become president of Verisk at ... Read the full article
Verisk agrees to invest in Rocket Enterprise Solutions
15th February 2022
Verisk has agreed to invest in Rocket Enterprise Solutions, an insurtech provider in the German property claims sector that was founded in 2015. Rocket’s property claims and underwriting technology has been widely adopted by insurers and service providers operating across Germany and Austria. With the investment, Rocket will be able to expand its ... Read the full article
Verisk partners with RiskSpan for climate change solution
10th February 2022
Verisk has partnered with mortgage analytics firm RiskSpan to create a solution for measuring and mitigating the risks of climate change to the housing finance industry. The collaboration will enable RiskSpan's Edge Platform for mortgage analytics and Verisk Extreme Event Solutions' proven set of models to assess the risk from natural ... Read the full article
Verisk and HOVER team up to help streamline property claims
3rd February 2022
Verisk and HOVER are working together to help insurers, adjusters, restorers, and policyholders streamline claims. The two companies are teaming up to combine Verisk’s Xactimate with technology from HOVER that can take smartphone photographs and turns them into a ‘digital twin with valuable 3D data’. Property professionals and policyholders can use the ... Read the full article
Verisk’s Sequel launches new distribution solution
10th December 2021
Insurance software specialist, Sequel a Verisk Business, has announced the development of a new solution designed to simplify the distribution of standalone products and delegated authority business. The solution, called Sequel Hub, will launch with over 10 carriers and two of the top 3 brokers. Sequel Hub orchestrates messaging between brokers, carriers, ... Read the full article
Private US P&C insurers posted strong net income growth in H1 2021: Verisk
18th November 2021
A joint report from Verisk and the American Property Casualty Insurance Association (APCIA), has shown that private property/casualty insurers in the United States posted strong net income growth in the first half of 2021. As the U.S. economy recovers from the pandemic, insurers' net income rose to $37.5 billion in the ... Read the full article