Verisk Analytics

Precisely Announces Trust ’23, Unveiling the Latest Trends, Research & Innovations in Data Integrity

Retrieved on: 
Tuesday, April 4, 2023
Thought Leadership, Internet, Environmental, Social and Governance (ESG), Data Management, Professional Services, Technology, Other Technology, Business, Learning, Amazon Web Services, Analytics, Trust, Privacy, Multimedia, Research, CMO, Doctor of Philosophy, Organization, Verisk Analytics, Amazon, Acquisition, GRI, Knowledge, Growth, ESG, AWS, Information management, Management, Sales, Online shopping, Northwest Bank

Together they will provide an exclusive first look at the latest research on data integrity trends and drivers – based on insights gathered from over 400 data leaders worldwide.

Key Points: 
  • Together they will provide an exclusive first look at the latest research on data integrity trends and drivers – based on insights gathered from over 400 data leaders worldwide.
  • Attendees will be able to request custom demo sessions or one-on-one consultation with the Precisely team of data integrity experts.
  • “We are incredibly proud of how our annual Data Integrity Summit continues to resonate with business leaders and data professionals worldwide,” said Kevin Ruane, CMO at Precisely.
  • Trust ’23 will provide you with the knowledge needed to truly put data to work for your business and, ultimately, achieve better outcomes.”
    Register for Trust ’23 to join industry peers in learning more about the latest data integrity trends, research, and innovations.

Logistics Insurance Market to be Worth $70.46 Billion by 2030: Grand View Research, Inc.

Retrieved on: 
Tuesday, March 28, 2023
Insurance, Theft, Verisk Analytics, COVID-19, Airport, Risk management, Transport, USD, CargoNet, Risk, SAN, Growth, American Industrial Transport, Automation, Revenue, Software, Speciality chemicals

Additionally, Europe has a high concentration of multinational corporations that have extensive supply chains and require comprehensive insurance coverage, creating significant demand for logistics insurance.

Key Points: 
  • Additionally, Europe has a high concentration of multinational corporations that have extensive supply chains and require comprehensive insurance coverage, creating significant demand for logistics insurance.
  • Read 110 page market research report, " Logistics Insurance Market Size, Share & Trends Analysis Report By Coverage Type (Cargo Insurance, Marine Services Liability), By Industry (Transportation, Marine), By End User, By Region, And Segment Forecasts, 2023 - 2030 ", published by Grand View Research.
  • Logistics insurance companies are adopting the latest technologies to improve their service offerings, increase operational efficiency, and enhance customer experience.
  • Grand View Research has segmented the global logistics insurance market based on coverage type, industry, end user, and region:
    Logistics Insurance Market - Coverage Type Outlook (Revenue, USD Billion, 2017 - 2030)

Logistics Insurance Market to be Worth $70.46 Billion by 2030: Grand View Research, Inc.

Retrieved on: 
Tuesday, March 28, 2023
Insurance, Theft, Verisk Analytics, COVID-19, Airport, Risk management, Transport, USD, CargoNet, Risk, SAN, Growth, American Industrial Transport, Automation, Revenue, Software, Speciality chemicals

Additionally, Europe has a high concentration of multinational corporations that have extensive supply chains and require comprehensive insurance coverage, creating significant demand for logistics insurance.

Key Points: 
  • Additionally, Europe has a high concentration of multinational corporations that have extensive supply chains and require comprehensive insurance coverage, creating significant demand for logistics insurance.
  • Read 110 page market research report, " Logistics Insurance Market Size, Share & Trends Analysis Report By Coverage Type (Cargo Insurance, Marine Services Liability), By Industry (Transportation, Marine), By End User, By Region, And Segment Forecasts, 2023 - 2030 ", published by Grand View Research.
  • Logistics insurance companies are adopting the latest technologies to improve their service offerings, increase operational efficiency, and enhance customer experience.
  • Grand View Research has segmented the global logistics insurance market based on coverage type, industry, end user, and region:
    Logistics Insurance Market - Coverage Type Outlook (Revenue, USD Billion, 2017 - 2030)

Underwriting Losses Soar, Net Income Shrinks for P&C Insurers in 2022

Retrieved on: 
Tuesday, March 28, 2023
Plague, VRSK, Parent, National Flood Insurance Program, Overalls, Policy, Research, Ecosystem, Financial services, Insurance, Q4, Verisk Analytics

The industry experienced a $26.9 billion net underwriting loss in 2022, more than six times the $3.8 billion underwriting loss in 2021.

Key Points: 
  • The industry experienced a $26.9 billion net underwriting loss in 2022, more than six times the $3.8 billion underwriting loss in 2021.
  • Net income fell to $41.2 billion in 2022, compared to $62.1 billion a year earlier – a 33.6% decline.
  • In 2022, incurred losses and loss adjustment expenses grew 14.1% while earned premiums grew 8.3%.
  • The combined ratio – a key measure of profitability for insurers – deteriorated as well, to 102.7% in 2022, from 99.6% in 2021.

itel Completes Restructure by Integrating Renovar & Housing Headquarters into Core Organization

Retrieved on: 
Wednesday, March 15, 2023
Professional Services, Data Management, Technology, Other Construction & Property, Insurance, Construction & Property, Conference, Manufacturing execution system, Itel, Verisk Analytics, Housing

The company, now known as ‘itel,’ has consolidated two independently operated business units—Renovar and Housing Headquarters—under the itel brand.

Key Points: 
  • The company, now known as ‘itel,’ has consolidated two independently operated business units—Renovar and Housing Headquarters—under the itel brand.
  • Through the restructure, itel’s claims management solutions have grown to include cabinet, furniture, and millwork restoration, services previously delivered through the Renovar name, as well as temporary housing for policyholders, formerly offered under the Housing Headquarters name.
  • “By bringing together the offerings of itel, Renovar, and Housing Headquarters, we’ve become the source for certainty for insurance carriers, adjusters, third-party vendors, and homeowners,” said Brian Matthews, CEO of itel.
  • Several team members and materials will be available with more information on the restructure and its benefits to the industry.

Zonda's 2023 Cost Vs. Value Report Reveals Best and Worst ROI on Common Remodeling Projects Nationwide

Retrieved on: 
Wednesday, March 15, 2023
Ventilation, Research, Heat, Sale, JLC, Overalls, Great Recession, HVAC, Global recession, History, Verisk Analytics, Zonda, Cost, CVV, Air conditioning, ROI, Heating, ventilation, and air conditioning, Real estate

WASHINGTON, March 15, 2023 /PRNewswire-PRWeb/ -- Zonda Media has published the 36th annual Cost vs. Value (CVV) report detailing the most worthwhile home renovations that deliver the best return on investment. Confirming a consistent truth that has resonated for three decades, the report reveals exterior replacement projects continue to provide a higher return on investment (ROI) than interior discretionary remodels. A surprising project revealed in this year's report is that of heating, ventilation, and air conditioning (HVAC) electrification conversion—notable not only for its popularity but also for its exceptionally high return on investment value of 103.5%. The HVAC conversion project is just slightly higher than the garage door replacement at 102.7%, followed closely by manufactured stone veneer at 102.3%.

Key Points: 
  • Confirming a consistent truth that has resonated for three decades, the report reveals exterior replacement projects continue to provide a higher return on investment (ROI) than interior discretionary remodels.
  • The most noticeable trend in the 2023 CVV report has been the plunge in the overall ROI numbers.
  • The Cost vs. Value Report seeks to answer the question, "What value does a particular remodeling project add to the sale price of a home?"
  • The collaboration allows remodelers, homeowners, and real estate investors to quickly look up the average cost of 23 remodeling projects versus how much value those projects retain at resale.

Verisk Analytics, Inc. Announces $2.5 Billion Accelerated Share Repurchase Transaction

Retrieved on: 
Tuesday, March 7, 2023
Share repurchase, Goldman Sachs, Verisk Analytics, VRSK, Citibank, Security (finance)

JERSEY CITY, N.J., March 07, 2023 (GLOBE NEWSWIRE) -- Verisk Analytics, Inc. (Nasdaq: VRSK) (“Verisk” or the “Company”), a leading global data analytics and technology provider, today announced that it has entered into accelerated share repurchase agreements (“ASR Agreements”) with each of Citibank, N.A.

Key Points: 
  • JERSEY CITY, N.J., March 07, 2023 (GLOBE NEWSWIRE) -- Verisk Analytics, Inc. (Nasdaq: VRSK) (“Verisk” or the “Company”), a leading global data analytics and technology provider, today announced that it has entered into accelerated share repurchase agreements (“ASR Agreements”) with each of Citibank, N.A.
  • and Goldman Sachs & Co. LLC (the “ASR Counterparties”) to repurchase an aggregate of $2.5 billion of the Company’s common stock.
  • The ASR Agreements were entered into as part of the Company’s previously announced share repurchase program.
  • After giving effect to the ASR Agreements, $941.3 million will remain available for share repurchases under the Company’s authorized share repurchase program.

JG Wentworth Adds Rohit Mittal as Senior Vice President and General Manager of Lending

Retrieved on: 
Monday, March 6, 2023
Engineering, Data science, J.G. Wentworth, Acquisition, PopSugar, Delhi Technological University, Verisk Analytics, Mittal, Columbia University, Risk management, Fintech, Mass media in the United States, City, Senior, Bank, Stilt

CHESTERBROOK, Pa., March 6, 2023 /PRNewswire/ -- Industry leading consumer financial services company JG Wentworth announced today that after its recent acquisition of Stilt Inc., it is appointing Stilt co-founder and ex-CEO Rohit Mittal as Senior Vice President and General Manager of the Lending division of The JG Wentworth Company effective December 1, 2022. In his role Mittal will be responsible for the P&L of JG Wentworth's soon to be released consumer lending business and will work closely with various teams across the JG Wentworth brand.

Key Points: 
  • CHESTERBROOK, Pa., March 6, 2023 /PRNewswire/ -- Industry leading consumer financial services company JG Wentworth announced today that after its recent acquisition of Stilt Inc., it is appointing Stilt co-founder and ex-CEO Rohit Mittal as Senior Vice President and General Manager of the Lending division of The JG Wentworth Company effective December 1, 2022.
  • In his role Mittal will be responsible for the P&L of JG Wentworth's soon to be released consumer lending business and will work closely with various teams across the JG Wentworth brand.
  • Mittal comes to JG Wentworth as part of its recent acquisition of Stilt Inc., a San Francisco based fintech and personal loan lender.
  • Mittal founded the company in 2015 with his co-founder Priyank Singh (now CTO at JG Wentworth).

Verisk Analytics, Inc. Prices Offering of Senior Notes

Retrieved on: 
Friday, March 3, 2023
VRSK, Bryant Park, BofA Securities, Fifth Avenue, Security (finance), HSBC, Verisk Analytics, Prospectus, Debt-to-GDP ratio, Sale, Note

JERSEY CITY, N.J., March 03, 2023 (GLOBE NEWSWIRE) -- Verisk Analytics, Inc. (Nasdaq: VRSK) (“Verisk” or the “Company”), a leading global data analytics provider, today announced the pricing of an offering of $500 million of 5.750% Senior Notes due 2033 (the “Notes”).

Key Points: 
  • JERSEY CITY, N.J., March 03, 2023 (GLOBE NEWSWIRE) -- Verisk Analytics, Inc. (Nasdaq: VRSK) (“Verisk” or the “Company”), a leading global data analytics provider, today announced the pricing of an offering of $500 million of 5.750% Senior Notes due 2033 (the “Notes”).
  • The closing of the offering is expected to occur on March 7, 2023, subject to satisfaction of customary closing conditions.
  • BofA Securities, Inc. and HSBC Securities (USA) Inc. are acting as joint book-running managers for the offering.
  • Any offer, solicitation or sale of the Notes will be made only by means of the prospectus supplement and the accompanying prospectus.

Verisk Maplecroft Named Best Specialist ESG Ratings Provider by ESG Investing

Retrieved on: 
Monday, February 27, 2023
British Academy Television Award for Best Specialist Factual, ESG, Research, Sovereign, Rating, Government, Environmental, social, and corporate governance, Cluster analysis, Verisk Analytics, Security (finance)

LONDON, Feb. 27, 2023 (GLOBE NEWSWIRE) -- Verisk’s global risk analytics business, Verisk Maplecroft, was named Best Specialist ESG Ratings Provider at the ESG Investing Awards.

Key Points: 
  • LONDON, Feb. 27, 2023 (GLOBE NEWSWIRE) -- Verisk’s global risk analytics business, Verisk Maplecroft, was named Best Specialist ESG Ratings Provider at the ESG Investing Awards.
  • The award recognises Verisk Maplecroft’s Sovereign ESG Ratings , which provide investors with the most comprehensive picture available of ESG risks and opportunities across the entire current and potential sovereign issuer universe.
  • Verisk Maplecroft was also nominated as a finalist in the Best Specialist ESG Research category for its analysis of the sovereign ESG landscape that showcased research findings from its Sovereign ESG Ratings.
  • Verisk Maplecroft’s award-winning Sovereign ESG Ratings, which feature six years of quarterly historical data, draw on approximately 350 of 1200+ indicators across 37 separate issues and nine ESG dimensions.