Latest Verisk Analytics Headlines
All the headlines from our Verisk Analytics Topic Page, ordered by recency.
Insurance Fraud Investigators Ramp Up During Reopening, Even as Claims Volumes Drop
Jul 7 2020 // Fraud inevitably rises after natural disasters and during economic downturns. The COVID-19 pandemic has brought both conditions to the entire globe at once. Fraud-prevention advocates have long been warning about the...
Verisk Expands Insurtech Solution OneXperience into Commercial Insurance
Mar 5 2020 // Insurance data analytics and risk modeling firm Verisk announced the expansion of its new insurtech solution OneXperience into commercial insurance. This expansion will enable agents and businesses to engage and closely...
Risk Modeling Firm Verisk Cancels Live Event Over Virus, Goes Virtual for Cyber Seminar
Mar 4 2020 // Insurance data analytics and risk modeling firm Verisk has converted its Cyber and Casualty Seminar scheduled for March 10 in New York City from an in-person to a free virtual event “out of an abundance of caution...
Business Moves
Jan 27 2020 // National Bold Penguin, xagent Bold Penguin, a commercial insurance exchange technology platform launched in 2016, announced it has acquired xagent, an independent, single-entry, multi-quote platform for the standard and...
Verisk Signs Agreement to Acquire New Jersey’s FAST
Dec 4 2019 // Verisk, a Jersey City, N.J.-headquartered data analytics provider, has signed a definitive agreement to acquire FAST, a privately held software company for the life insurance and annuity industry based in Iselin, N.J. FAST...
Verisk to Acquire Property Data Provider, BuildFax, in Austin
Oct 3 2019 // Verisk, which provides data analytics services to the insurance, energy and specialized markets, and financial services industries, has signed a definitive agreement to acquire BuildFax, an Austin, Texas-based provider of...
EagleView Wins $125M Patent Infringement Award, Sales Halt Against Verisk
Sep 30 2019 // A New Jersey jury last week ordered insurance data services firm Verisk to pay $125 million to aerial imaging firm EagleView for lost profits linked to Verisk infringing on various EagleView patents. The jury verdict in...
Verisk Reorganizes Geomni Business to Enhance UK and Europe Solutions
May 23 2019 // Verisk’s GeoInformation Group, a provider of geospatial products, has been folded into Verisk’s Geomni business and renamed Geomni UK. The addition of Geomni UK to Verisk’s Geomni business will enhance...
Verisk Launches Black Box 3 Solution to Enhance Medical Underwriting
Jan 14 2019 // Verisk, the Jersey City, N.J.- based data analytics provider, has launched Black Box 3 (BB3), a new solution available in parts of Canada, Europe, Australasia, and Asia, which helps insurers make underwriting decisions for...
Verisk to Acquire London Market Pricing Software Firm Rulebook
Dec 3 2018 // U.S.-based data analytics firm Verisk has agreed to acquire Rulebook, a provider of business intelligence and software for the London Insurance Market. The purchase price is $87 million in cash, which Verisk said will be...
Verisk Product Scores Properties on Flood Risk; Could Replace Outdated Flood Maps
Oct 23 2018 // Data analytics firm Verisk is touting the launch of WaterLine, an underwriting tool that scores flood risk for all properties in the contiguous United States, helping identify homes and businesses vulnerable to flood. The...
Verisk to Provide Aerial Imagery of Major Catastrophes through Geomni
Oct 1 2018 // Verisk is now offering customers free access to Geomni’s high-resolution aerial imagery following major loss events. Geomni is a Verisk business. Geomni will provide online access to before-and-after imagery of...
Verisk Company PCS Adds Global Cyber Industry Loss Index
Sep 11 2018 // Property Claim Services (PCS), a Verisk business, has enhanced its PCS Global Cyber service with coverage for cyber catastrophe events. The inclusion of events with multiple insureds spanning both affirmative and silent...
ISO Says Cyber Insurance Program Now Available in 42 States
Mar 22 2018 // ISO’s cyber insurance program is now available to insurers in 42 states and U.S. territories. The ISO program features advisory loss costs using 17 different rating variables, which the Verisk company says is more...
Cyber to Top $6.2B in Written Premium by 2020: Verisk
Mar 19 2018 // The total commercial cyber liability market will reach $6.2 billion in written premium by 2020, Verisk predicts in a market analysis titled, Sizing the Standalone Commercial Cyber Insurance Market. Standalone commercial...
Commercial Cyber Liability Market to Reach $6.2B in Written Premium by 2020: Verisk
Mar 8 2018 // The total commercial cyber liability market will reach $6.2 billion in written premium by 2020 after annual growth rates of 20-30 percent, Verisk predicts in a market analysis. “Cyber liability risk is rapidly...
Verisk Launches New Energy Insurance Platform for Insurers
Mar 1 2018 // Verisk, a data analytics provider, has launched Energy & Power Intelligence Xchange (EPIX), a benchmarking and risk-scoring platform designed to enhance how insurers research, assess, and underwrite complex energy...
Verisk’s ISO Personal Lines Program Targets $40 Billion Private Flood Insurance Market
Jan 11 2018 // Things just got a bit easier for private personal lines insurance carriers wanting to enter the flood insurance market. Through its ISO subsidiary, data analytics firm Verisk has launched a new personal lines flood...
Catastrophe Bond Issuance Tops New Record of $10.5B in 2017: Verisk Report
Jan 5 2018 // Catastrophe bond issuance surpassed $10.5 billion in 2017 – a new record, according to the latest report from the Property Claims Services Unit of Verisk Insurance Solutions. Results from 2017 are significantly higher...
Verisk: 96% of the Area in California Fire at High or Extreme Wildfire Risk
Dec 13 2017 // Most of the area within the massive Thomas fire in Southern California is at high or extreme wildfire risk, according to a Verisk report on Wednesday. The fire encompasses more than 230,500 acres, and while containment on...
