Verisk Analytics

New Rules Engine from Verisk Powers Transformation in Property Claims Estimation

Retrieved on: 
Thursday, April 27, 2023
Insurance, VRSK, Research, Risk management, Verisk Analytics

XactXpert is a new rules engine in Verisk’s Xactimate property estimating solution that enables insurers to automate and accelerate the review of property estimates from days to minutes by integrating customized, claim estimation guidelines into their digital workflows.

Key Points: 
  • XactXpert is a new rules engine in Verisk’s Xactimate property estimating solution that enables insurers to automate and accelerate the review of property estimates from days to minutes by integrating customized, claim estimation guidelines into their digital workflows.
  • “Property insurers shouldn’t have to spend huge amounts of time reviewing property estimates, detecting potential issues, and communicating those issues to contractors,” said Aaron Brunko, president of Verisk’s Property Estimating Solutions.
  • Customized or pre-authored rules: Insurers can customize their XactXpert guidance and audit with more than 1,000 pre-authored rules in the solution or by requesting new rules from Verisk.
  • Seamless delivery: XactXpert business rules can be generated and delivered within minutes through Xactimate, Verisk’s powerful solution for property claims estimation.

Precisely Empowers Customers to Unlock Business Value from ESG Reporting with Trusted Data

Retrieved on: 
Tuesday, April 25, 2023
Environment, Technology, Environmental Issues, Other Technology, Thought Leadership, Professional Services, Internet, Data Management, Environmental, Social and Governance (ESG), Other Professional Services, IDC, Data management, Vontobel, Multimedia, Research, Privacy, Verisk Analytics, Johan Kristian Skougaard, Data analysis, GRI, Ethics, ESG, Organization, Sales, Cryptocurrency, Audit, Risk management, Surveying

Precisely , the global leader in data integrity, today announced that it is partnering with customers worldwide to build trust in data for effective ESG reporting processes.

Key Points: 
  • Precisely , the global leader in data integrity, today announced that it is partnering with customers worldwide to build trust in data for effective ESG reporting processes.
  • View the full release here: https://www.businesswire.com/news/home/20230425005089/en/
    The powerful combination of the Precisely Data Integrity Suite and expert strategic services allows customers to easily combine multiple sources of ESG data for real-time insights, improve confidence in the data quality of ESG metrics, ensure data governance while maintaining compliance with industry regulations, and enrich data with additional datasets to help reveal hidden context.
  • With new research from IDC showing that data management concerns are the leading driver for ESG investment, there is no better time for businesses to leverage trusted data to drive accurate reporting processes, achieve meaningful outcomes, and unlock true business value from ESG-focused initiatives.
  • “Using proper tools to automate data quality checks in the data cleansing process is very important to handle and control the immense amount of ESG data.

Verisk Maplecroft collaborating with LGIM to power new Sovereign ESG Index funds offering

Retrieved on: 
Thursday, April 20, 2023
VRSK, LGIM, Verisk Analytics, Market, Sovereign, Risk, Maplecroft, Generation Investment Management, ESG, Research, Legal & General, Security (finance)

LGIM plans to utilise the depth, breadth and accuracy of Verisk Maplecroft’s portfolio of ESG risk analytics, which outperformed alternative data across a broad set of criteria, to develop Sovereign ESG Index funds.

Key Points: 
  • LGIM plans to utilise the depth, breadth and accuracy of Verisk Maplecroft’s portfolio of ESG risk analytics, which outperformed alternative data across a broad set of criteria, to develop Sovereign ESG Index funds.
  • Verisk Maplecroft’s sovereign ESG analytics draw on thousands of different geospatial, unstructured, structured and expert-scored subnational and national indicators, and a range of proprietary modelling techniques.
  • “We are delighted to be working with LGIM on their new Sovereign ESG Index funds”, said James Lockhart Smith, VP of Markets & ESG at Verisk Maplecroft.
  • Lee Collins, Head of Index Fixed Income at LGIM added: “We have exciting plans to develop new LGIM-designed Sovereign ESG Index funds, driven by Verisk Maplecroft’s data.

Dr. Nana Banerjee joins Pelmorex as President and CEO

Retrieved on: 
Wednesday, April 19, 2023
Cerberus, VRSK, BS, McGraw Hill Education, Doctor of Philosophy, Culture, Senior advisor, State university system, State, St. Stephen's College, Cerberus Capital Management, Pelmorex, Forecasting, MS, Credit card, Algorithm, Argus, United Kingdom, Applied mathematics, Indian Institutes of Technology, Weather, Hospital, Citibank, AI, Northern Westchester Hospital, Information services, Field Museum of Natural History, Management, Mathematics, Verisk Analytics

Dr. Banerjee also joins the Pelmorex Board of Directors.

Key Points: 
  • Dr. Banerjee also joins the Pelmorex Board of Directors.
  • Pierre L. Morrissette, Executive Chair of the Board said, "After conducting an extensive search, the Board is extremely pleased to welcome Nana to the Pelmorex team.
  • Nana brings a wealth of experience and expertise in leading, innovating and scaling, information services and technology businesses globally.
  • Previously, he was a Board member, President and CEO of the global education company McGraw-Hill and as Group President of the leading data-analytics company Verisk (Nasdaq: VRSK).

Verisk to Announce Fiscal First-Quarter 2023 Results on May 3, 2023

Retrieved on: 
Wednesday, April 12, 2023
Webcast, VRSK, Conference, Verisk Analytics

JERSEY CITY, N.J., April 12, 2023 (GLOBE NEWSWIRE) -- Verisk (Nasdaq: VRSK), a leading global data analytics and technology provider, will report its financial results for the fiscal first quarter ended March 31, 2023, on Wednesday, May 3, 2023, before the market open.

Key Points: 
  • JERSEY CITY, N.J., April 12, 2023 (GLOBE NEWSWIRE) -- Verisk (Nasdaq: VRSK), a leading global data analytics and technology provider, will report its financial results for the fiscal first quarter ended March 31, 2023, on Wednesday, May 3, 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, May 3, 2023 at 8:30 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 .

Verisk Reimagines Insurance Product Innovation with New Rating Engine

Retrieved on: 
Tuesday, April 11, 2023
RaaS, Insurance, API, VRSK, Crime, Automation, Algorithm, BOP, Verisk Analytics

Instead of investing extensive time and resources into gathering, evaluating and installing rating updates, the new, cloud-based rating engine, known as Rating-as-a-Service (RaaS), offers a streamlined process.

Key Points: 
  • Instead of investing extensive time and resources into gathering, evaluating and installing rating updates, the new, cloud-based rating engine, known as Rating-as-a-Service (RaaS), offers a streamlined process.
  • Insurers send applicable rating inputs to Verisk via API, which are then applied to Verisk’s loss costs and rating algorithms to generate a quotable premium.
  • “Rating commercial insurance is complex and staying current with frequently changing loss costs and rating factors can be expensive and time-consuming,” said Ron Beiderman, senior vice president of core lines products at Verisk.
  • Insurers can also expand the solution’s reach by integrating it with other Verisk solutions that support product development, underwriting automation and portfolio assessment.

Verisk Publishes 2022 Corporate Social Responsibility Report

Retrieved on: 
Monday, April 10, 2023
Insurance, VRSK, Culture, Corporate social responsibility, Corporation, Inclusion, Growth, ESG, Environmental stewardship, Tourism, Verisk Analytics

Jersey City, N.J., April 10, 2023 (GLOBE NEWSWIRE) -- Verisk (Nasdaq: VRSK), a leading global data analytics and technology provider, has published its annual Corporate Social Responsibility Report .

Key Points: 
  • Jersey City, N.J., April 10, 2023 (GLOBE NEWSWIRE) -- Verisk (Nasdaq: VRSK), a leading global data analytics and technology provider, has published its annual Corporate Social Responsibility Report .
  • “The past year was like no other in Verisk’s history,” said Lee Shavel, Verisk president and CEO.
  • Environmental Stewardship – Verisk’s 2022 Climate Disclosure Report summarizes the Company’s progress in addressing its stewardship obligations and describes how Verisk is embracing opportunities to help customers meet their climate-related challenges as well.
  • Corporate Giving – Verisk’s multi-tiered approach to giving recognizes the importance of charitable engagement at the corporate, business unit and employee level.

Verisk Names Chris Sawford Managing Director of Claims for the UK

Retrieved on: 
Thursday, April 6, 2023
Insurance, Pressure, VRSK, ILW, Face, Aviation, Continental, Acquisition, Andy Sawford, Machine learning, PCS, Terror, United Kingdom, Artificial intelligence, Injury, Fintech, Personal injury, Automation, Risk management, Verisk Analytics

LONDON, April 06, 2023 (GLOBE NEWSWIRE) -- Verisk (Nasdaq: VRSK), a leading global data analytics and technology provider, has named Chris Sawford managing director of claims for the United Kingdom.

Key Points: 
  • LONDON, April 06, 2023 (GLOBE NEWSWIRE) -- Verisk (Nasdaq: VRSK), a leading global data analytics and technology provider, has named Chris Sawford managing director of claims for the United Kingdom.
  • A sought-after industry expert, Sawford co-founded Validus-IVC, a top provider of claims management solutions in the UK, which Verisk acquired in 2018.
  • “We’re laser-focused on driving operational efficiency and digital transformation for our clients and the global insurance industry,” said Maroun Mourad, president of claims solutions for Verisk.
  • Verisk’s solutions support every step in the claims life cycle, including reporting and analysis, adjustment and investigations, and settlement and resolution.

Duck Creek Technologies VP of Product Strategy and Co-Founder, Andy Yohn, to Present at the 2023 Verisk Insurance Conference

Retrieved on: 
Wednesday, April 5, 2023
Insurance, Partnership, Risk assessment, Creek, P&C, Automation, SR, Machine learning, Artificiality, Artificial intelligence, Ecosystem, Noise, Duck Creek, Conference, Product strategy, Verisk Analytics, Risk management

Boston, April 05, 2023 (GLOBE NEWSWIRE) -- Duck Creek Technologies, the intelligent solutions provider defining the future of property and casualty (P&C) and general insurance, is excited to announce that Andy Yohn, VP of Product Strategy and co-founder of Duck Creek, will be presenting with Verisk at the 2023 Verisk Insurance Conference in Scottsdale, AZ from April 11–14, 2023.

Key Points: 
  • Boston, April 05, 2023 (GLOBE NEWSWIRE) -- Duck Creek Technologies, the intelligent solutions provider defining the future of property and casualty (P&C) and general insurance, is excited to announce that Andy Yohn, VP of Product Strategy and co-founder of Duck Creek, will be presenting with Verisk at the 2023 Verisk Insurance Conference in Scottsdale, AZ from April 11–14, 2023.
  • Verisk will unite senior executives and professionals across the value chain to share significant insights, critical trends, and innovative solutions on insurance industry trends.
  • “Duck Creek has more pre-built integrations with Verisk than any other partner.”
    “Our integrations with Duck Creek have made it easier than ever for insurers to quickly access our critical analytics,” said Doug Caccese, president of risk assessment at Verisk.
  • “We’re excited for our attendees to learn from Andy and his experience as we continue to expand our ecosystem and help insurers accelerate their digital transformations.”

Verisk Grows Premium and Loss Database for Third Consecutive Year

Retrieved on: 
Wednesday, April 5, 2023
Data management, Database, VRSK, Benchmarking, Strategic planning, Risk management, Verisk Analytics

The database contains more than 32 billion records of premiums and losses and fuels analytics that can help insurers improve decisions across a wide range of critical functions, including benchmarking, ratemaking, product development and strategic planning.

Key Points: 
  • The database contains more than 32 billion records of premiums and losses and fuels analytics that can help insurers improve decisions across a wide range of critical functions, including benchmarking, ratemaking, product development and strategic planning.
  • “Verisk has proven itself to be a true industry partner, dedicated to building a robust database that’s a critical source of information for insurers,” said Neil Spector, president of underwriting solutions at Verisk.
  • In recent years, Verisk has accelerated enhancements to its statistical services and data management solutions.
  • These enhancements – like flexible data contribution formats and automated quality controls to help insurers review and correct their data submissions – have made it even more efficient for insurers to contribute data.