Verisk Analytics

Verisk’s Respond MAP Weather Analytics Wins 2023 BIG Innovation Award

Retrieved on: 
Wednesday, February 15, 2023
Organization, Insurance, Sixth sense, Life, Wildfire, Triage, Fraud, Weather, Hurricane Ian, MAP, Risk, Tropical cyclone, Risk management, Verisk Analytics

Lehi, Utah, Feb. 15, 2023 (GLOBE NEWSWIRE) -- Verisk’s Respond MAP, an interactive weather and analytics platform, has been named a winner in the 2023 BIG Innovation Awards presented by the Business Intelligence Group.

Key Points: 
  • Lehi, Utah, Feb. 15, 2023 (GLOBE NEWSWIRE) -- Verisk’s Respond MAP, an interactive weather and analytics platform, has been named a winner in the 2023 BIG Innovation Awards presented by the Business Intelligence Group.
  • Respond MAP, which helps users analyze the impact of severe weather, was selected after its impactful contribution to the insurance industry during Hurricane Ian preparation and recovery efforts.
  • The interactive platform delivers a geospatial weather command center to monitor potentially damaging weather events like hurricanes, severe thunderstorms, wildfires and more.
  • Organizations from across the globe submitted their recent innovations for consideration in the BIG Innovation Awards.

TransUnion Announces Fourth Quarter 2022 Results

Retrieved on: 
Tuesday, February 14, 2023
Public expenditure, Hand, Capital expenditure, LCI, NYSE, Tax, Acquisition, EBITDA, Sale, Senior, Line of credit, Health care, TransUnion, International, Deleveraging, Verisk Analytics, Financial services, Growth, VF, TRU, Environment, Video game, Cryptocurrency, Pharmaceutical industry, Renewable energy, Retail, Neustar, Marketing, G2

Drove strong results with recent acquisitions, notably Neustar revenue grew 8 percent compared to its fourth quarter 2021

Key Points: 
  • Drove strong results with recent acquisitions, notably Neustar revenue grew 8 percent compared to its fourth quarter 2021
    Completed sale of non-core businesses (G2, LCI and Fintellix) for $176 million of consideration
    CHICAGO, Feb. 14, 2023 (GLOBE NEWSWIRE) -- TransUnion (NYSE: TRU) (the “Company”) today announced financial results for the quarter ended December 31, 2022.
  • Net income attributable to TransUnion was $46 million for the quarter, compared with $1,017 million for the fourth quarter of 2021.
  • Adjusted Net Income was $152 million for the quarter, compared with $157 million for the fourth quarter of 2021.
  • Adjusted Diluted Earnings per Share for the quarter was $0.78, compared with $0.81 in the fourth quarter of 2021.

Veritas Capital Completes Acquisition of Wood Mackenzie

Retrieved on: 
Thursday, February 2, 2023
Professional Services, Agriculture, Utilities, Natural Resources, Oil, Gas, Data Analytics, Alternative Energy, Environment, Energy, Finance, Sustainability, Government, VRSK, Veritas Capital, Gibson Dunn, Capital, Software, Partnership, Morgan Stanley, Growth, Wardwell, Wood Mackenzie, Renewable energy, Veritas, Verisk Analytics

Veritas Capital (“Veritas”), a leading investor at the intersection of technology and government, today announced that an affiliate of Veritas has completed the purchase of Wood Mackenzie from Verisk (Nasdaq: VRSK).

Key Points: 
  • Veritas Capital (“Veritas”), a leading investor at the intersection of technology and government, today announced that an affiliate of Veritas has completed the purchase of Wood Mackenzie from Verisk (Nasdaq: VRSK).
  • The Wood Mackenzie Lens© platform enables world class analytics and insights to drive critical decision making for the company’s longstanding clients that operate at the leading edge of the rapidly evolving energy sector.
  • Mark Brinin, Chief Executive Officer for Wood Mackenzie said, “We are excited to embark on the next chapter for Wood Mackenzie in partnership with Veritas.
  • “We are excited to welcome Wood Mackenzie to the Veritas portfolio and partner with the team to drive its next phase of growth,” said Ramzi Musallam, Chief Executive Officer and Managing Partner of Veritas.

HOVER and Verisk Collaborate to Enable a Faster and More Efficient Claims Solution

Retrieved on: 
Tuesday, February 7, 2023
Automation, Insurance, VRSK, Corporation, Business, Research, Senior, SAN, Risk management, Verisk Analytics

SAN FRANCISCO and JERSEY CITY, N.J., Feb. 7, 2023 /PRNewswire/ -- HOVER, the only complete measurement solution for interior and exterior property claims, and Verisk (Nasdaq:VRSK), a leading global data analytics provider, today announced a deeper collaboration to provide an end-to-end, automated virtual claims solution.

Key Points: 
  • The solution can also be confidently implemented across adjusting workflows, onsite or virtual, and adopted easily by new adjusters.
  • HOVER has virtualized the claims lifecycle for both interior and exterior claims, allowing carriers to flexibly enable their policyholders to quickly capture photos of their property and property damage directly from Verisk's Xactimate® solution upon first notice of loss, assignment, or anytime thereafter.
  • In 2022, HOVER and Verisk combined their innovative solutions into a claims experience that enabled HOVER's highly-detailed, interactive digital model to seamlessly import into Xactimate.
  • Learn more about the integration between HOVER and Xactimate and XactAnalysis on February 7-8 at Verisk Elevate 2023 in Salt Lake City, Utah.

Tractable teams up with Verisk to offer AI-powered estimates for property damage

Retrieved on: 
Monday, February 6, 2023
VRSK, Ecosystem, Insurance, Tractable, Classification, Weather, Database, AI, Artificial intelligence, Medical device, Copper, Verisk Analytics

With Tractable's AI, insurers that use Xactimate can cut the time to settle a property claim from months to just a day.

Key Points: 
  • With Tractable's AI, insurers that use Xactimate can cut the time to settle a property claim from months to just a day.
  • Launched last year, Tractable's AI property solution allows policyholders to take and submit photos of damage through a mobile-friendly, web-based app.
  • The AI, trained on a large database of claims and damaged property, then quickly identifies, classifies and measures the property damage, enabling automated estimates to be generated on Verisk's Xactimate® platform.
  • "When people experience property damage, the first—and often most time-consuming—step toward recovery is settling their insurance claim," said Alex Dalyac, co-founder and CEO of Tractable.

Verisk Remains Hyundai’s Exclusive Provider of Telematics Data to Insurers

Retrieved on: 
Thursday, February 9, 2023
Policy, Insurance, Hyundai Motor America, Satellite navigation, Habit, IOT, Hyundai Motor Company, Exchange, Risk, Data exchange, UBI, VRSK, Genesis, Verisk Analytics, Hyundai

Verisk will also continue to be the exclusive provider of that data to auto insurers.

Key Points: 
  • Verisk will also continue to be the exclusive provider of that data to auto insurers.
  • With Verisk’s robust insurance analytics and experience as a technology provider, insurers will be able to access the data from the Verisk Data Exchange™ and price the policies of applicable Hyundai and Genesis owners based on the relative safety of their driving.
  • The Verisk Data Exchange is an industry-leading Internet of Things (IoT) and telematics platform, helping multiple carriers – including 4 of the top 10 personal auto insurers in the United States – make more informed decisions with data from the connected world.
  • Working with leading automakers, telematics service providers (TSPs), and property-based data sources, the Exchange uses advanced analytics to transform raw trip and sensor data into insurance-ready insights.

Duck Creek is Proud to be a Platinum Sponsor of Verisk ELEVATE 2023

Retrieved on: 
Monday, February 6, 2023
Insurance, Ecosystem, P&C, SR, Partnership, Duck Creek, Platinum, Risk management, Verisk Analytics

Boston, Feb. 06, 2023 (GLOBE NEWSWIRE) -- Duck Creek Technologies (NASDAQ: DCT), the intelligent solutions provider defining the future of property and casualty (P&C) insurance, is pleased to announce its platinum sponsorship of the Verisk ELEVATE 2023 conference for insurance claims professionals.

Key Points: 
  • Boston, Feb. 06, 2023 (GLOBE NEWSWIRE) -- Duck Creek Technologies (NASDAQ: DCT), the intelligent solutions provider defining the future of property and casualty (P&C) insurance, is pleased to announce its platinum sponsorship of the Verisk ELEVATE 2023 conference for insurance claims professionals.
  • Verisk will host hundreds of industry leaders for discussions spanning the entire claims lifecycle while focusing on how to accelerate digitization in P&C insurance.
  • The integration within Duck Creek Claims to Verisk XactAnalysis provides seamless access for Duck Creek customers to the leading solution for property damage estimation for claims in the U.S., enabling more efficient and effective claims handling that results in happier, more loyal customers.
  • “We are proud to sponsor ELEVATE and look forward to the opportunity to share more about the comprehensive capabilities of our claims software,” said Robert Fletcher, Sr.

Verisk Announces Closing of Wood Mackenzie Sale

Retrieved on: 
Thursday, February 2, 2023
Wood Mackenzie, Veritas Capital, Government, Wardwell, Sale, Gibson, Dunn & Crutcher, Environmental health, Growth, VRSK, Financial adviser, Verisk Analytics, Veritas

JERSEY CITY, N.J., Feb. 02, 2023 (GLOBE NEWSWIRE) -- Verisk (Nasdaq: VRSK), a leading global data analytics provider, today announced the closing of the sale of Wood Mackenzie to an affiliate of Veritas Capital (“Veritas”), a leading investor at the intersection of technology and government.

Key Points: 
  • JERSEY CITY, N.J., Feb. 02, 2023 (GLOBE NEWSWIRE) -- Verisk (Nasdaq: VRSK), a leading global data analytics provider, today announced the closing of the sale of Wood Mackenzie to an affiliate of Veritas Capital (“Veritas”), a leading investor at the intersection of technology and government.
  • “This marks a significant value-creating step for Verisk, which returns the company to its roots as a dedicated strategic partner to the global insurance industry,” said Lee Shavel, president and CEO, Verisk.
  • The terms of the sale of Wood Mackenzie to Veritas were described in a previous press release, which can be found here .
  • Morgan Stanley & Co LLC is acting as financial advisor and Davis Polk & Wardwell LLP as legal advisor to Verisk in connection with the transaction.

Verisk to Announce Fiscal Fourth-Quarter 2022 Results on February 28, 2023

Retrieved on: 
Wednesday, February 1, 2023
Conference, Webcast, VRSK, Verisk Analytics

JERSEY CITY, N.J., Feb. 01, 2023 (GLOBE NEWSWIRE) -- Verisk (Nasdaq: VRSK), a leading global data analytics provider, will report its financial results for the fiscal fourth quarter ended December 31, 2022, on Tuesday, February 28, 2023, after the market close.

Key Points: 
  • JERSEY CITY, N.J., Feb. 01, 2023 (GLOBE NEWSWIRE) -- Verisk (Nasdaq: VRSK), a leading global data analytics provider, will report its financial results for the fiscal fourth quarter ended December 31, 2022, on Tuesday, February 28, 2023, after the market close.
  • 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, March 1, 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 .

Branch Accelerates Growth and Customer Satisfaction with Verisk’s In-Depth Views of Household Risk

Retrieved on: 
Wednesday, January 25, 2023
Insurance, Risk assessment, Workflow, Growth, Speed, Address, VRSK, Verisk Analytics

Branch, a personal lines insurer now operating coast to coast with an expanding footprint of 36 states, has brought data forward in the quote workflow.

Key Points: 
  • Branch, a personal lines insurer now operating coast to coast with an expanding footprint of 36 states, has brought data forward in the quote workflow.
  • With Verisk’s LightSpeed ® for Personal Lines platform as part of its tech-stack, Branch delivers reliable, bundled auto and homeowners quotes in seconds, requiring only a name and address.
  • “A proof of that concept has been what Branch has been able to deliver to home mortgage providers.
  • By gathering such data and not asking for it from their consumers, Branch accelerates insurance purchases and keeps consumer costs down.