Verisk Analytics

Verisk Elects Laura K. Ipsen to Board of Directors

Retrieved on: 
Tuesday, November 19, 2019
Companies, Verisk Analytics, Industries, Monsanto, Ipsen

JERSEY CITY, N.J., Nov. 19, 2019 (GLOBE NEWSWIRE) -- Verisk (Nasdaq:VRSK), a leading data analytics provider, announces the addition of Laura K. Ipsen to its board of directors, effective January 1.

Key Points: 
  • JERSEY CITY, N.J., Nov. 19, 2019 (GLOBE NEWSWIRE) -- Verisk (Nasdaq:VRSK), a leading data analytics provider, announces the addition of Laura K. Ipsen to its board of directors, effective January 1.
  • Verisk serves a spectrum of industries in data- and technology-rich environments, and Lauras decades of experience in these arenas will further strengthen the composition of our board, said Verisk Chairman, President, and CEO Scott G. Stephenson.
  • Ipsen served as a member of the Monsanto board of directors from 2010 until 2018, when it was acquired by Bayer.
  • Verisk (Nasdaq:VRSK) is a leading data analytics provider serving customers in insurance, energy and specialized markets, and financial services.

MIB to Provide Verisk's MVR Indicator to Its 400 Life Insurance Members

Retrieved on: 
Tuesday, November 5, 2019
Films, Credit scoring, MIB Group, Finance, American films, English-language films, Men in Black, Verisk Analytics, MIB, Underwriting, Men in Black: International, Mebibyte

BRAINTREE, Mass., and JERSEY CITY, N.J., Nov. 5, 2019 /PRNewswire/ -- MIB, the life insurance industry'smost trusted and secure resource for the exchange of life insurance underwriting information, today announced an agreement with Verisk (Nasdaq: VRSK), a leading data analytics provider, to make Verisk's MVR Indicator available to MIB's 400 life insurance members at special pricing.

Key Points: 
  • BRAINTREE, Mass., and JERSEY CITY, N.J., Nov. 5, 2019 /PRNewswire/ -- MIB, the life insurance industry'smost trusted and secure resource for the exchange of life insurance underwriting information, today announced an agreement with Verisk (Nasdaq: VRSK), a leading data analytics provider, to make Verisk's MVR Indicator available to MIB's 400 life insurance members at special pricing.
  • "The MVRIndicator is an important step toward reducing underwriting expenses, eliminating 'empty' MVR reports that do nothing but add needless expense," said Lee Oliphant, MIB Presidentand CEO.
  • "Verisk's partnership with MIB will streamline the life market's access to this crucial information while helping keep costs in check."
  • MIB Group, Inc., a membership corporation, provides services through its whollyowned operating subsidiaries, MIB, Inc.,and MIB Solutions, Inc. For more information, visit www.mibgroup.com .

AIR Worldwide Releases Multi-Peril Crop Insurance Model for India

Retrieved on: 
Monday, November 4, 2019
Economy, Finance, Money, Verisk Analytics, AIR Worldwide, Crop insurance, Touchstone, Insurance, Risk

Despite the long and extensive history of agriculture in India, it is only recently that multiple-peril crop insurance has been widely available to farmers, said Dr. Praveen Sandri, executive vice president and managing director, AIR Worldwide India.

Key Points: 
  • Despite the long and extensive history of agriculture in India, it is only recently that multiple-peril crop insurance has been widely available to farmers, said Dr. Praveen Sandri, executive vice president and managing director, AIR Worldwide India.
  • The AIR MPCI Model for India is currently available in the Touchstone ReTM catastrophe risk management system.
  • AIR Worldwide (AIR) provides risk modeling solutions that make individuals, businesses, and society more resilient to extreme events.
  • AIR Worldwide, a Verisk (Nasdaq:VRSK) business, is headquartered in Boston, with additional offices in North America, Europe, and Asia.

LV= General Insurance Signs Three-year Renewal to Use Verisk Claim Solutions to Enhance UK Property Claim Operations

Retrieved on: 
Thursday, October 24, 2019
Verisk Analytics, Supply chain management, Supply chain, Companies, Business

Verisk played an integral role in onboarding specialist suppliers into the Building Contractor Network, providing training and support to establish supplier best practices.

Key Points: 
  • Verisk played an integral role in onboarding specialist suppliers into the Building Contractor Network, providing training and support to establish supplier best practices.
  • The Building Contractor Network delivers estimation and settlement transparency, configurable supplier management, and performance monitoring, which ultimately helps shorten claim life cycles.
  • LV= GI is a long-standing Verisk customer, having used Verisk solutions since 2011.
  • Verisk (NASDAQ: VRSK) is a leading data analytics provider serving customers in insurance, energy and specialised markets, and financial services.

Verisk Developing New Life Insurance Solutions in Collaboration with PartnerRe

Retrieved on: 
Thursday, October 24, 2019
Economy, Insurance, Actuarial science, Finance, Types of insurance, Verisk Analytics, Underwriting, Reinsurance, Life insurance

JERSEY CITY, N.J., and Charlotte, N.C., Oct. 24, 2019 (GLOBE NEWSWIRE) -- Verisk (Nasdaq:VRSK), a leading data analytics provider, is developing its new life insurance solutions in collaboration with PartnerRe, a leading global reinsurer.

Key Points: 
  • JERSEY CITY, N.J., and Charlotte, N.C., Oct. 24, 2019 (GLOBE NEWSWIRE) -- Verisk (Nasdaq:VRSK), a leading data analytics provider, is developing its new life insurance solutions in collaboration with PartnerRe, a leading global reinsurer.
  • As part of the effort, PartnerRe will test new technology that can flag potential tobacco usage among life insurance applicants through an analysis of telephone interviews and applicant data.
  • Providing a fast and easy purchase experience for life insurance in the long term requires a commitment to exploring new data and technology while maintaining the protective value that traditional underwriting brings, said Nick Irwin, director of life insurance solutions at Verisk.
  • The deep experience that PartnerRe has developed in this market will help us develop cutting-
    This is a time of unprecedented change in the life insurance market, said Karen Phelan, vice president of underwriting strategy and innovation at PartnerRe North America Life.

Verisk Launches Cyber Data Exchange

Retrieved on: 
Thursday, October 24, 2019
Verisk Analytics, Economy, Cyber insurance, Articles, Analytics, Finance

Jersey City, N.J, Oct. 24, 2019 (GLOBE NEWSWIRE) -- Verisk (Nasdaq:VRSK), a leading data analytics provider, announced today the creation of its Cyber Data Exchange, an analytics solution that aggregates cyber insurance data to help insurers gain insights into the market and improve strategic decision making.

Key Points: 
  • Jersey City, N.J, Oct. 24, 2019 (GLOBE NEWSWIRE) -- Verisk (Nasdaq:VRSK), a leading data analytics provider, announced today the creation of its Cyber Data Exchange, an analytics solution that aggregates cyber insurance data to help insurers gain insights into the market and improve strategic decision making.
  • Verisks Cyber Data Exchange looks to help insurers solve many of these challenges.
  • Verisk is helping to solve this problem with the launch of its Cyber Data Exchange, said Prashant Pai, vice president of cyber solutions at Verisk.
  • The Cyber Data Exchange is the latest addition to Verisks cyber solutions suite, which includes:
    Verisks cyber solution suite is built on a best-in-class industry database that contains firmographic, technographic, and policy information on more than 12 million businesses.

AIR Worldwide Estimates Insured Losses for Typhoon Hagibis Will be Between USD 8 Billion and USD 16 Billion

Retrieved on: 
Tuesday, October 22, 2019
Tropical cyclones, Typhoons, AIR Worldwide, Disaster management, Verisk Analytics, Typhoon Hagibis

Boston, Oct. 22, 2019 (GLOBE NEWSWIRE) -- Catastrophe risk modeling firm AIR Worldwide estimates that industry insured losses from Typhoon Hagibis, which made landfall in Japan on October 12, will be between JPY 865 billion (USD 8 billion) and JPY 1,730 billion (USD 16 billion), with more than half of the losses due to inland flooding.

Key Points: 
  • Boston, Oct. 22, 2019 (GLOBE NEWSWIRE) -- Catastrophe risk modeling firm AIR Worldwide estimates that industry insured losses from Typhoon Hagibis, which made landfall in Japan on October 12, will be between JPY 865 billion (USD 8 billion) and JPY 1,730 billion (USD 16 billion), with more than half of the losses due to inland flooding.
  • Storm surge raised sea levels by more than 1 meter above mean sea level along parts of the coast.
  • In addition, Hagibis impacted some of the same region damaged by Typhoon Faxai a few weeks earlier.
  • AIR Worldwide, a Verisk (Nasdaq:VRSK) business, is headquartered in Boston, with additional offices in North America, Europe, and Asia.

Property Damage Appraisers Adopts Xactware’s Xactimate Solution to Provide Clients with Even Faster Cycle Times

Retrieved on: 
Tuesday, October 22, 2019
Economy, Finance, Service industries, Insurance industry, Insurance, Verisk Analytics

FORT WORTH, Texas, and LEHI, Utah, Oct. 22, 2019 (GLOBE NEWSWIRE) -- Property Damage Appraisers (PDA) has announced its companywide implementation of Xactwares claims estimating solution, Xactimate .

Key Points: 
  • FORT WORTH, Texas, and LEHI, Utah, Oct. 22, 2019 (GLOBE NEWSWIRE) -- Property Damage Appraisers (PDA) has announced its companywide implementation of Xactwares claims estimating solution, Xactimate .
  • PDA will harness Xactimate to enhance and streamline property claims workflows, increase consistency, and offer clients even shorter cycle times than its existing five-day service.
  • Xactimate is Xactwares property claims solution, empowering insurance and restoration professionals to estimate a wide range of losses, from minor damage to total losses.
  • Xactwares tools provide claims estimating, contents replacement, claims management, and property maintenance solutions for desktop, mobile, and online platforms.

Verisk to Announce Fiscal Third-Quarter 2019 Results on October 29, 2019

Retrieved on: 
Tuesday, October 8, 2019
Verisk Analytics, NASDAQ, Webcast, Telecommunications, Economy of the United States, Companies

JERSEY CITY, N.J., Oct. 08, 2019 (GLOBE NEWSWIRE) -- Verisk (Nasdaq:VRSK), a leading data analytics provider, will report its financial results for the fiscal third quarter ended September 30, 2019, on Tuesday, October 29, 2019, after the market close.

Key Points: 
  • JERSEY CITY, N.J., Oct. 08, 2019 (GLOBE NEWSWIRE) -- Verisk (Nasdaq:VRSK), a leading data analytics provider, will report its financial results for the fiscal third quarter ended September 30, 2019, on Tuesday, October 29, 2019, after the market close.
  • The press release, with accompanying financial information, will be posted on the Verisk investor website at http://investor.verisk.com .
  • Verisks management team will host a live audio webcast to discuss the financial results and business highlights on Wednesday, October 30, 2019, at 8:30 a.m. EDT (5:30 a.m. PDT, 12:30 p.m. GMT).
  • All interested parties are invited to listen to the live event via webcast on the Verisk investor website at http://investor.verisk.com .

Verisk Launches CourtSide

Retrieved on: 
Thursday, October 3, 2019
Verisk Analytics, Geography of New Jersey, Articles, Economy, Jersey City, New Jersey, Analytics

CourtSide categorizes legal decisions by several criteria, including topic, business classification, and correlation between terms appearing in select case law and policy language.

Key Points: 
  • CourtSide categorizes legal decisions by several criteria, including topic, business classification, and correlation between terms appearing in select case law and policy language.
  • Verisk is planning to add other lines of business, including commercial and personal auto, in later releases of the solution.
  • Verisk (Nasdaq:VRSK) is a leading data analytics provider serving customers in insurance, energy and specialized markets, and financial services.
  • Headquartered in Jersey City, N.J., Verisk operates in 30 countries and is a member of Standard & Poors S&P 500 Index.