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Verisk
Verisk is a leading strategic data analytics and technology partner to the global insurance and reinsurance industry.
Read our Verisk insurance or reinsurance news and analysis below.
Implementing autonomous tech into reserving practices a benefit for re/insurers: Mark Hewitt
2nd November 2018
In light of the potential for future changes to the Ogden discount rate, for insurers and reinsurers, the implementation of autonomous technology into their reserving practices offers both cost and time benefits, according to Mark Hewitt, creator of the Verisk piCalculator and Founder, Director and Head of Development at Rebmark, ... 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 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
PCS launches enhanced Cyber Index service for catastrophic cyber events
4th September 2018
Property Claim Services (PCS), a subsidiary of the data analytics and risk assessment firm Verisk, has announced enhancements to its Global Cyber Index service including coverage for catastrophic cyber events, and industry-wide insured losses of over $250 million. The improved product is now available for existing PCS Global Cyber users, addresses ... 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
ISO’s cyber insurance programme implemented in 42 states and U.S. territories
9th April 2018
Verisk ISO's new cyber insurance programme, which features rating information and advisory loss costs along with an array of cover options, has been implemented in 42 states and U.S. territories. The programme is designed to help insurance companies expand into the growing cyber market, which is forecast by Verisk analytics to ... Read the full article
U.S. acres burned by wildfires in H1 2017 up 34%, says Verisk
20th July 2017
Verisk Insurance Solutions, a Verisk Analytics company, has produced data that highlights the potential for significant wildfire risk across the U.S., with 4.5 million homes in the country at high or extreme risk of wildfire. Verisk has published its 2017 FireLine State Risk Reports, which examine wildfire exposure in 13 states ... Read the full article
Verisk Analytics expands risk modelling services with Arium purchase
23rd January 2017
Verisk Analytics, a data analytics provider, today announced its purchase of Arium - a company specializing in liability risk modelling and decision support. The acquisition will see Arium merge with Verisk Analytics business, AIR Worldwide (AIR), expanding AIR's casualty market modelling solutions and analytics. Bill Churney, President of AIR, said; "We believe ... Read the full article
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