Reinsurance News
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.
Verisk strengthens PCS leadership with strategic appointment and new structure
11th June 2025
Verisk, a data analytics and technology provider to the insurance and energy industries, has announced a refreshed leadership structure for its Property Claims Services (PCS) unit. This initiative is aimed at strengthening PCS’s support for the re/insurance market and expanding its ability to respond to both natural and specialty catastrophe events. As ... Read the full article
Latarche rejoins Verisk Specialty Business Solutions as Chief Digital Officer
4th June 2025
Paul Latarche has been appointed Chief Digital Officer of Verisk Specialty Business Solutions, a leading insurance and reinsurance software specialist in the global re/insurance markets. In his new role, Latarche will lead Verisk Specialty Business Solutions’ digital growth strategy in the UK and across international markets. His responsibilities will include developing a ... Read the full article
Verisk adds Christopher Perry and Sabra Purtill to its Board of Directors
21st May 2025
Data analytics and technology provider Verisk has revealed that Christopher J. Perry and Sabra R. Purtill have been elected to the company’s Board of Directors, effective immediately. Perry, who has over 25 years of experience in banking, brokerage, and financial information services, is currently the President of Broadridge Financial Solutions, a ... Read the full article
Verisk reports strong Q1 2025 results with 6.8% underwriting growth and healthy profitability
8th May 2025
Verisk Analytics, a data analytics and technology provider, reported a 6.8% growth in underwriting revenues for the first quarter of 2025, with an even stronger increase of 7.2% on an organic constant currency (OCC) basis. Underwriting revenue in the quarter jumped from $498 million to $532 million, while claims increased to ... Read the full article
Verisk launches SRCC catastrophe model for the US
30th April 2025
Data analytics and technology provider Verisk has released a first-of-its-kind catastrophe model to help quantify the financial impacts of strikes, riots and civil commotion (SRCC) in the United States in response to escalating insurance losses from large-scale civil unrest events recently. The Verisk SRCC Model for the U.S. can predict the ... Read the full article
Verisk acquires Nasdaq subsidiary Simplitium Limited
3rd April 2025
Data analytics and technology provider Verisk has acquired Nasdaq subsidiary Simplitium Limited, which owns and operates Nasdaq Risk Modelling for Catastrophes (NRMC). Verisk described NRMC as a SaaS platform fostering an open ecosystem where specialised model partners share models, hazard data, and analytics to help bridge the global insurance protection gap. Built ... Read the full article
Verisk nominates Christopher Perry and Sabra Purtill to its Board
27th March 2025
Insurance and analytics provider Verisk has announced that its Board of Directors has nominated Christopher J. Perry and Sabra R. Purtill to stand for election as Directors at the company’s Annual Meeting on May 20th, 2025. Perry brings over 25 years of senior sales, marketing, and business leadership experience in financial ... Read the full article
US P&C insurance industry generated $170bn net income in 2024: Verisk, APCIA
21st March 2025
According to Verisk, a provider of data analytics and technology solutions, and the American Property Casualty Insurance Association (APCIA), the primary national trade association for home, auto, and business insurers, the US property and casualty insurance industry is estimated to have earned $170 billion in net income for 2024. However, it's ... Read the full article
Verisk reports revenue and income increase in Q4’24
27th February 2025
Verisk, a global data analytics and technology provider, has reported consolidated revenues of $736 million for the fourth quarter of 2024. This figure was up 8.6% on a consolidated and an organic constant currency (OCC) basis., with solid growth contributions from both underwriting and claims within Insurance. For the full year 2024, ... Read the full article
Verisk enhances claims management with EagleView assess integration
10th February 2025
EagleView, a provider of aerial imagery and insights, and Verisk, a provider of data analytics and technology solutions, have announced the integration of EagleView Assess into Verisk’s well-known Xactimate and XactAnalysis platforms, which are commonly used in property claims management. EagleView Assess utilises autonomous drones that are simple to operate to ... Read the full article
Reconstruction costs surge over 10 years, with stabilisation expected in 2025: Verisk
27th January 2025
Verisk, a company specialising in data analytics and risk assessment, has published a detailed report examining trends in reconstruction costs for residential and commercial properties across the United States. This comprehensive analysis, covering October 2014 to October 2024, draws on Verisk’s extensive building cost research and provides insights into the factors ... Read the full article
Verisk puts LA wildfire insurance industry loss at between $28bn and $35bn
22nd January 2025
Verisk's Extreme Event Solutions division has estimated that insured losses to property from both the Palisades and Eaton Fires in Los Angeles, California, will land between $28 billion and $35 billion, driven by losses to residential risks. As containment efforts continue for the two largest fires to burn across Southern California ... Read the full article
Verisk submits wildfire cat model for review whilst new California rules take effect
3rd January 2025
Global data analytics and technology provider, Verisk, has submitted its wildfire catastrophe model for review by the California Department of Insurance (CDI), which recently finalised regulatory changes aimed at stabilising the state's insurance market. If you recall, a new regulation was recently launched in order to help expand insurance access ... Read the full article
Verisk launches program to enhance fire protection capabilities
20th November 2024
Global data analytics and technology provider, Verisk has introduced LOCATION® Property Protection Score™ (PPS), which provides insurers with a score that reflects the fire protection capabilities at a specific address level. This score helps insurers accurately rate and underwrite personal lines homeowners risks, Verisk explained. LOCATION PPS builds on Verisk’s LOCATION® Public ... Read the full article
Lockton Re leverages Verisk models for U.S. agricultural insurance innovation
20th November 2024
Reinsurance broker Lockton Re has partnered with global data analytics and technology provider Verisk, to develop new re/insurance products that address the growing impact of climate change on agriculture. In this collaboration, Lockton Re will leverage Verisk's agricultural risk modelling tools, specifically the Multiple Peril Crop Insurance (MPCI) model and Crop ... Read the full article
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