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 funded through cash on hand …
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 structures and properties inside the catastrophe area. This will enable …
Though adopted early by personal lines insurers, telematics technology is just coming into its own in the commercial auto space. According to Zach Schmiesing, director, Commercial Lines, IoT/Telematics at Verisk Analytics, commercial insurers are examining the differences in commercial driving …
The frequency of extreme winter weather in the U.S. is sensitive to Arctic temperatures, and that’s something those paying weather-related losses may want to take note of. After all, you can’t spell polar vortex without the “polar.” The study (Warm …
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 permeating every business that has any dependence …
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 than the last record – 2014’s $7.8 …
Verisk Analytics Inc. announced the acquisition of Risk Intelligence Ireland, a leading provider of fraud detection, compliance, risk control, and process automation services to the Irish insurance industry. “Risk Intelligence Ireland has developed valuable tools to help insurers control costs …
A report issued today shows California has more than 2 million homes at “high” or “extreme” wildfire risk, as the multi-year drought continues stoke fears among some experts of a potentially devastating wildfire season. Verisk Insurance Solutions released its 2015 …
The first nine months of 2014 saw policyholders’ surplus for the U.S. property/casualty insurance industry reach record levels. At the same time, net income after taxes declined substantially and overall profitability took a noticeable dip. As well the annualized rate …
Verisk Analytics Inc. scrapped a planned $650 million takeover of EagleView Technology Corp. after antitrust regulators said the deal would give the company too large a share in the market for aerial images used by insurers. The data provider instead …
