Verisk Analytics

Verisk Launches Solution for Insurers to Assess Underwriting Models and Variables for Unfair Discrimination

Retrieved on: 
Wednesday, November 15, 2023
Data science, Insurance, VRSK, Business, Government, Risk management, Verisk Analytics

JERSEY CITY, Nov. 15, 2023 (GLOBE NEWSWIRE) -- Insurers now have a proven method to help assess their pricing models for unfair discrimination against certain protected classes, like race.

Key Points: 
  • JERSEY CITY, Nov. 15, 2023 (GLOBE NEWSWIRE) -- Insurers now have a proven method to help assess their pricing models for unfair discrimination against certain protected classes, like race.
  • Verisk (Nasdaq: VRSK), a leading global data analytics and technology provider, today announced the launch of FairCheck, a solution designed to help insurers test their personal lines models and variables to respond to regulatory changes.
  • Verisk’s solution can help insurers respond to these developments and meet their unique needs in different states.
  • The analysis serves as a foundation for our FairCheck solution that is customizable to assess individual insurer models, different variables within their models and various geographical regions for potential unintended bias.

Verisk Expands Collaboration with NFPA to Provide Risk Mitigation Insights Across Western States

Retrieved on: 
Tuesday, November 14, 2023
WUI, Risk management, National Fire Protection Association, NFPA, Risk, Data, Risk assessment, VRSK, Global Risks Report, Reinsurance, Verisk Analytics

In 2021, Verisk began leveraging data from NFPA’s Firewise USA Program, which tracks thousands of communities engaging in wildfire mitigation efforts.

Key Points: 
  • In 2021, Verisk began leveraging data from NFPA’s Firewise USA Program, which tracks thousands of communities engaging in wildfire mitigation efforts.
  • Through this extended agreement, Verisk will now expand its license from California to mitigation insights for the remaining western coverage states, including Arizona, Colorado, Idaho, Montana, Nevada, New Mexico, Oklahoma, Oregon, Texas, Utah, Washington, and Wyoming.
  • “These new reports from Verisk provide carriers’ with additional information to support a more comprehensive risk management strategy for wildfire in western U.S. states.”
    These mitigation insights can be previewed in newly developed Wildfire Risk Reports from Verisk.
  • To explore wildfire risk at a glance and preview key mitigation details, interested parties can download the state-specific wildfire risk reports from Verisk.

VideoAmp Releases Commingled Identity Solution, Setting a New Standard for Audience Targeting and Measurement, Enabling More Advanced Currency

Retrieved on: 
Wednesday, December 6, 2023
Software, Media, Networks, Professional Services, Internet, Data Management, Technology, Artificial Intelligence, Data Analytics, Marketing, Advertising, Audio, Video, Communications, ID, IP, ROI, Omnicom Group, Verisk Analytics, Experian

This identity solution, along with the use of VideoAmp’s big data solutions, underpin their advanced currency solution.

Key Points: 
  • This identity solution, along with the use of VideoAmp’s big data solutions, underpin their advanced currency solution.
  • The solution commingles identity assets from providers including Experian, Verisk, and LiveIntent, among others, into a complete view of an audience.
  • “Every use case for advertising measurement and currency today hinges on identity as the lynchpin for quality, accuracy, and effectiveness.
  • The launch of our commingled identity solution means more impressions delivered to advertisers’ intended audiences, so they can deliver better ROI."

Citizens Adopts Aerial Imagery Analytics from Verisk to Improve Underwriting In Florida Market

Retrieved on: 
Tuesday, November 7, 2023
P&C, VRSK, Citizens Property Insurance Corporation, Risk, Risk assessment, Surveying, Verisk Analytics, Citizenship

Verisk submitted a proposal to provide the service to Citizens, which evaluated the solution against competing vendors for analytic breadth and accuracy.

Key Points: 
  • Verisk submitted a proposal to provide the service to Citizens, which evaluated the solution against competing vendors for analytic breadth and accuracy.
  • “Leveraging aerial imagery from Verisk in our underwriting process will help us make more informed decisions about risk selection for property inspections.”
    Verisk collaborates with Vexcel Data Program, the world’s largest aerial imagery program, to source imagery and elevation models and then Verisk applies computer vision machine learning to derive its library of imagery analytics for P&C insurers.
  • "We’re confident in Citizens’ ability to implement Aerial Imagery Analytics from Verisk’s broad line of solutions that support insurers at each step of the insurance value chain to significantly improve its underwriting process," said Doug Caccese, president of risk assessment at Verisk.
  • "Our solution is designed to provide the accuracy and breadth of analytics needed for more precise underwriting.”
    In addition to Aerial Imagery Analytics, Citizens is also licensing Roof Age, Homeowner Data, and Property History Solutions from Verisk.

Verisk Introduces Xactimate Time & Materials Tool for Streamlined Job Cost Tracking

Retrieved on: 
Thursday, October 26, 2023
VRSK, Online shopping, Risk management, Verisk Analytics

Verisk (Nasdaq: VRSK), a leading global data analytics and technology provider, today announced the launch of Xactimate Time & Materials, an innovative tool accessible through the Xactimate platform that is designed to revolutionize the property estimation process by simplifying cost tracking and enhancing transparency for large loss residential and commercial jobs.

Key Points: 
  • Verisk (Nasdaq: VRSK), a leading global data analytics and technology provider, today announced the launch of Xactimate Time & Materials, an innovative tool accessible through the Xactimate platform that is designed to revolutionize the property estimation process by simplifying cost tracking and enhancing transparency for large loss residential and commercial jobs.
  • With Xactimate Time & Materials, users can easily estimate or capture costs, leveraging Xactimate's extensive line items and pricing.
  • The tool seamlessly integrates into the existing Xactimate ecosystem, including XactAnalysis and Insights, as well as third-party integrators and partners.
  • This digital, paperless model allows for efficient job cost tracking and automatic inventory creation to help restorers provide billing invoices to insurers in a digital and streamlined fashion.

Pearl Holding Group Selects Verisk’s Data and Analytics to Streamline Independent Agent Auto Insurance Delivery

Retrieved on: 
Monday, October 23, 2023
Insurance, VRSK, Speed, MGA, Risk, Acquisition, PHG, National Flood Insurance Program, Economics, Verisk Analytics

JERSEY CITY, N.J., Oct. 23, 2023 (GLOBE NEWSWIRE) -- Pearl Holding Group (PHG), a holding company and MGA for two nonstandard auto insurers is harnessing LightSpeed® from Verisk (Nasdaq: VRSK), a leading global data analytics provider, to help improve control and save money within its agent distribution channel.

Key Points: 
  • JERSEY CITY, N.J., Oct. 23, 2023 (GLOBE NEWSWIRE) -- Pearl Holding Group (PHG), a holding company and MGA for two nonstandard auto insurers is harnessing LightSpeed® from Verisk (Nasdaq: VRSK), a leading global data analytics provider, to help improve control and save money within its agent distribution channel.
  • PHG provides affordable auto insurance to the nonstandard market using Verisk’s LightSpeed for Personal Auto .
  • By bringing pivotal underwriting analytics forward in a single data payload, LightSpeed can streamline workflows and help provide reliable quotes to consumers in seconds.
  • “PHG is driving auto insurance into the future.

Players Health Launches Commercial Property Insurance in 90 Days With OwlSurance

Retrieved on: 
Tuesday, October 24, 2023
Insurance, Health, GL, Organization, Players, Athlete, Socotra, Senior, Digital, Risk management, Commercial property, Partnership, Accident, Safety, Commercial general liability insurance, Three Mile Island accident health effects, ISO, Video game, Verisk Analytics

PISCATAWAY, N.J., Oct. 24, 2023 /PRNewswire/ -- Players Health, an innovative sports platform and Insurtech MGA, is celebrating another 90-day launch of a new insurance product, Commercial Property, following similar successes earlier this year for Accident & Health and General Liability. The successful launch was announced today by their partner, OwlSurance, a business unit of ValueMomentum.

Key Points: 
  • OwlSurance (formerly BizDynamics), a business unit of ValueMomentum, congratulates Players Health on their successful rollout of Commercial Property, a critical addition to their portfolio of bespoke insurance offerings for sports organizations.
  • PISCATAWAY, N.J., Oct. 24, 2023 /PRNewswire/ -- Players Health, an innovative sports platform and Insurtech MGA, is celebrating another 90-day launch of a new insurance product, Commercial Property, following similar successes earlier this year for Accident & Health and General Liability.
  • OwlSurance delivered 15 states in 90 days, including digital quote and bind, Commercial Property rating pre-integrated with Verisk's ISO Electronic Rating Content™ (ISO ERC™), third-party integrations, and more than 150 forms.
  • Today, Players Health has doubled the reach of their Commercial Property product to 30 US states.

OneShield Announces Integration with Verisk's ISO Electronic Rating Content™

Retrieved on: 
Tuesday, October 17, 2023
Interview, Policy, Risk, ISO, Senior, Insurance, Vortex core line, Risk management, Verisk Analytics

MARLBOROUGH, Mass., Oct. 17, 2023 /PRNewswire/ -- OneShield, a leading provider of innovative insurance software solutions, is pleased to announce its integration with the next generation ISO Electronic Rating Content™ (ISO ERC™) from Verisk, a leading global data analytics and technology provider.

Key Points: 
  • MARLBOROUGH, Mass., Oct. 17, 2023 /PRNewswire/ -- OneShield, a leading provider of innovative insurance software solutions, is pleased to announce its integration with the next generation ISO Electronic Rating Content™ (ISO ERC™) from Verisk, a leading global data analytics and technology provider.
  • This strategic initiative between OneShield and Verisk helps insurers lower operating costs, reduce risks, and get to market quickly.
  • OneShield's suite of insurance software solutions will be seamlessly integrated with Verisk's ISO ERC, allowing insurance carriers to optimize their rating and policy administration processes with the utmost accuracy and efficiency.
  • Our integration with Verisk's ISO ERC is a giant leap forward in that direction — ensuring our clients are always a step ahead in serving their customers."

Verisk to Announce Fiscal Third-Quarter 2023 Results on November 1, 2023

Retrieved on: 
Thursday, October 5, 2023
Webcast, Conference, VRSK, Verisk Analytics

JERSEY CITY, N.J., Oct. 05, 2023 (GLOBE NEWSWIRE) -- Verisk (Nasdaq: VRSK), a leading global data analytics and technology provider, will report its financial results for the fiscal third quarter ended September 30, 2023, on Wednesday, November 1, 2023, before the market open.

Key Points: 
  • JERSEY CITY, N.J., Oct. 05, 2023 (GLOBE NEWSWIRE) -- Verisk (Nasdaq: VRSK), a leading global data analytics and technology provider, will report its financial results for the fiscal third quarter ended September 30, 2023, on Wednesday, November 1, 2023, before the market open.
  • The press release, with accompanying financial information, will be posted on the Verisk investor website at http://investor.verisk.com .
  • Verisk’s management team will host a live audio webcast to discuss the financial results and business highlights on Wednesday, November 1, 2023 at 8 a.m.
  • All interested parties are invited to listen to the live event via webcast on the Verisk investor website at http://investor.verisk.com .

Technological Advancements and Acquisitions Drive the Global Crime Risk Report Market - QuantaVerse, BitSight, and More Lead the Way

Retrieved on: 
Tuesday, October 17, 2023
Benchmark, ACI Worldwide, COVID-19, Agriculture, SME, IBM, Machine learning, Federal Bureau of Investigation, Oracle Corporation, Government, BitSight, AI, PwC, Organization, Insurance, Safety, Verisk Analytics, AML, Growth, Fiserv, BFSI, Hacking, Hilltop Holdings Inc., Investigation, International Business Machines Corporation v. Commission, Crime, CoreLogic, Mphasis, Cryptocurrency, Capco

DUBLIN, Oct. 16, 2023 /PRNewswire/ -- The "Cyber Risk Report Global Market Report 2023" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • DUBLIN, Oct. 16, 2023 /PRNewswire/ -- The "Cyber Risk Report Global Market Report 2023" report has been added to ResearchAndMarkets.com's offering.
  • Assess the repercussions of the Russia-Ukraine war on agriculture, energy, mineral commodity supply, and its indirect effects on the crime risk report market.
  • Technological innovations are a significant trend in the crime risk report market, with major companies developing new solutions to strengthen their market positions.
  • The increasing number of cybercrime cases is expected to drive the growth of the crime risk report market.