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Verisk restructures Geomni unit to boost focus in UK & Europe
23rd May 2019
Data analytics provider Verisk has integrated GeoInformation Group into its Geomni business and rebranded it as Geomni UK in a push to enhance its solutions for customers in the UK and Europe. The GeoInformation Group was founded in 1998 and became part of Verisk in 2016, and has been focused on ... Read the full article
Lower cats, premium growth drive higher profits for US P&C insurers: Verisk, APCIA
8th May 2019
A significant decline in catastrophe losses and double-digit premium growth helped U.S. private property and casualty insurers increase their net income by more than 66% in 2018 to $60 billion (after tax), according to Verisk, and the American Property Casualty Insurance Association (APCIA). The report finds that net premiums increased year-on-year ... Read the full article
Verisk looks to improve life insurance underwriting with Human API partnership
29th April 2019
Data analytics provider Verisk has announced a partnership with health data consolidation platform Human API. The partnership will allow Verisk to leverage electronic health record (EHR) data collected by Human API and in-turn produce risk scoring and benchmarking information for life insurers. Insurers will be able to use Verisk’s analytic tools to inform ... Read the full article
QIC Global partners with Verisk’s Sequel on cyber exposure
25th March 2019
QIC Global, the umbrella organisation for Qatar Insurance Company's (QIC) international trading brands, has signed a contract to use software from Sequel, a Verisk business, to model cyber risk. By utilising Sequel’s Impact system, QIC Global hopes to be able to better capture and aggregate complex cyber exposure. The company is already ... Read the full article
Insurtech firm Hippo Insurance integrates Verisk solutions
8th March 2019
Hippo Insurance, a California-based insurtech company focused on home insurance, has announced that it has integrated Verisk solutions into its full range of products. By using data from Verisk, Hippo says it can automatically fill in the information needed to quote and bind a home insurance policy and supply customers with ... Read the full article
Verisk to acquire Rulebook for $87mn
3rd December 2018
Data analytics provider Verisk has signed a definitive agreement to acquire Rulebook, a provider of business intelligence and software solutions for the London Insurance Market. The reported purchase price is $87 million in cash, funded through cash on hand and existing bank facilities, with the deal expected to close in the ... Read the full article
Verisk adds new events records to EPIX energy insurance platform
29th October 2018
Data analytics provider Verisk has enhanced its energy re/insurance platform, Energy & Power Intelligence Xchange (EPIX), with a new module that features records of events involving 10,000 energy assets around the world. The module, called EPIX Experience, will enable re/insurers to see the frequency of events such as regulatory violations, man-made ... Read the full article
Verisk launches new flood underwriting tool WaterLine
23rd October 2018
Leading data analytics provider Verisk has announced the launch of WaterLine, a new underwriting tool that scores flood risk for all properties in the contiguous United States, helping insurers keep up with the growing number of homes and businesses vulnerable to flood. WaterLine was developed by Verisk businesses ISO and AIR ... Read the full article
Verisk releases updated personal injury claims calculator
15th October 2018
Data analytics provider Verisk has released the latest version of piCalculator, its solution for calculating schedules of loss for personal injury claims. piCalculator is an all-in-one software solution that handles all calculations in the injury claims process, which Verisk suggests has already helped lawyers, barristers, and large-loss claims handlers achieve around ... Read the full article
Verisk to offer aerial catastrophe imagery via Geomni
17th September 2018
Data analytics provider Verisk has announced that it plans to offer its customers free access to high-resolution aerial imagery following major loss events via Geomni, a Verisk business with a database of address- and location-based property analytics. Geomni will provide online access to before-and-after imagery of structures and properties inside a ... Read the full article
Westfield first re/insurer to adopt new Verisk and Duck Creek integration
3rd May 2018
Westfield has become the first re/insurer to take advantage of a new integration developed by Verisk and Duck Creek Technologies, which significantly simplifies the implementation of data and analytics for commercial lines underwriters. The new technology will connect Verisk’s commercial lines underwriting information through Duck Creek Anywhere Managed Integrations, a subscription-based ... Read the full article
Verisk study finds strong links between extreme U.S. winters and Arctic warmth
15th March 2018
A recent study by Verisk Analytics’ Atmospheric and Environmental Research (AER) business and Rutgers University, has claimed that the frequency and severity of extreme winter weather in the U.S. is related to fluctuations in Arctic temperatures. Published in Nature Communications, the study observed that extreme winter conditions in the eastern U.S., ... Read the full article
Verisk launches new insurance risk analytics platform
2nd March 2018
Verisk Analytics has announced the launch of a new benchmarking and risk-scoring platform called Energy & Power Intelligence Xchange (EPIX). The data analytics provider claims that the platform will significantly enhance the way insurers can research, assess, and underwrite complex energy risks. EPIX is designed to support the decision-making processes of energy ... Read the full article
Verisk’s ISO business expands personal lines flood insurance programme
12th January 2018
Verisk has launched a new personal lines flood insurance program designed to make flood coverage widely available to homeowners anywhere in the United States through its ISO business. "The floods of recent years have highlighted the inadequacy or complete lack of coverage for many Americans, including those who didn't think they ... Read the full article
Verisk acquires re/insurance software specialist Sequel
21st August 2017
Verisk Analytics said it is to acquire commercial and specialty insurance and reinsurance software specialists, in a deal expected to further expand Verisk's offerings and give the firm a stronger foothold in the London market. Verisk is set to acquire Sequel for £250 million from HgCapital and other Sequel investors. Sequel ... Read the full article