Verisk Analytics

Insurers Can Access Detailed Hail, Tornado Analytics with Verisk’s New Respond® Solutions

Retrieved on: 
Wednesday, January 18, 2023
Weather, Wind, Algorithm, Insurance, Elevate, Tornado, Probability, History, VRSK, Research, GIS, Science, Ridesharing company, Property insurance, Risk management, Respond, Verisk Analytics

With the addition of Hail Impact Energy and Tornado Probability to Verisk’s Respond® weather solutions, insurance professionals can get detailed insight into potential damage from hailstorms and tornadoes to help efficiently deploy resources and more accurately forecast claims after a severe weather event.

Key Points: 
  • With the addition of Hail Impact Energy and Tornado Probability to Verisk’s Respond® weather solutions, insurance professionals can get detailed insight into potential damage from hailstorms and tornadoes to help efficiently deploy resources and more accurately forecast claims after a severe weather event.
  • Tornado Probability provides a highly granular first look at where tornadoes likely hit by leveraging horizontal and vertical radar pulses (dual-polarization radar).
  • “Hail Impact Energy and Tornado Probability are just the latest two examples and will allow our customers to analyze and manage property claims like never before.
  • Among its many solutions, Verisk offers computer software solutions for professionals involved in estimating all phases of building and repair.

Munich Re upscaling human rights due diligence using Verisk’s ESG risk analytics

Retrieved on: 
Tuesday, January 17, 2023
Climate change, Sustainability, Attention, Verisk Analytics, ESG, Sustainability Accounting Standards Board, Insurance, Munich Re

LONDON, Jan. 17, 2023 (GLOBE NEWSWIRE) -- Munich Re, a leading global provider of reinsurance, primary insurance and insurance-related risk solutions, has selected Verisk’s global risk analytics business, Verisk Maplecroft, to help it enhance human rights due diligence across the entire enterprise.

Key Points: 
  • LONDON, Jan. 17, 2023 (GLOBE NEWSWIRE) -- Munich Re, a leading global provider of reinsurance, primary insurance and insurance-related risk solutions, has selected Verisk’s global risk analytics business, Verisk Maplecroft, to help it enhance human rights due diligence across the entire enterprise.
  • Using Verisk Maplecroft’s world leading Human Rights Risk Indices, which identify exposure to 31 civil, political and labour rights risks at national and subnational levels in 198 countries, Munich Re will upscale its ability to undertake global operational risk assessments, alongside factoring the data into its underwriting and investment decisions.
  • “Munich Re has always been committed to observe its duty of care on human rights along the value chain and has strived to prevent potential adverse impact on human rights arising from its business operations,” says Silke Jolowicz, Head of Sustainability at Munich Re.
  • The data has long been used by multinationals managing human rights risks in their operations and supply chains, and by asset managers and banks assessing and addressing their human rights risk exposure across complex global investment and lending portfolios.

CyberCube Announces $50 Million in Growth Capital Financing to Further Advance Cyber Risk Analytics

Retrieved on: 
Monday, December 19, 2022
Professional Services, Data Management, Security, Data Analytics, Technology, Insurance, Software, Organization, Ecosystem, RT, Entrepreneurship, Kroll, Morgan Stanley, Symantec, Insurance, Latham & Watkins, Risk management, Risk, URS, QBE, EXL, Partner (business rank), API, Bermuda, Partner, Investment, McGill, Cognitive computer, P&C, Intelligence, Verisk Analytics, Majesco Entertainment

CyberCube, the market leader in cyber risk analytics, today announced $50 million in additional growth capital from investment funds managed by Morgan Stanley Tactical Value (Morgan Stanley), with continued participation from all existing investors Forgepoint Capital, Hudson Structured Capital Management (Bermuda) Ltd., MTech Capital, and key investors from Stone Point Capital.

Key Points: 
  • CyberCube, the market leader in cyber risk analytics, today announced $50 million in additional growth capital from investment funds managed by Morgan Stanley Tactical Value (Morgan Stanley), with continued participation from all existing investors Forgepoint Capital, Hudson Structured Capital Management (Bermuda) Ltd., MTech Capital, and key investors from Stone Point Capital.
  • CyberCube models cyber risk to allow insurers and brokers to understand their portfolios’ exposure to cyber threats while enabling their clients to better protect themselves.
  • “This is an exciting milestone in our mission to empower modern industry and society with world-leading cyber risk analytics so everyone can make better decisions,” said Pascal Millaire, CEO of CyberCube.
  • With best-in-class data access and advanced multi-disciplinary analytics, the company’s cloud-based platform helps insurance organizations quantify cyber risk to facilitate placing insurance, underwriting cyber risk and managing cyber risk aggregation.

Insurance Product Management Gets Easier Thanks to Verisk’s Mozart Form Composer® Integration with FilingRamp

Retrieved on: 
Thursday, December 8, 2022
NAIC, Quality control, System, Software, Work, Climate change, VRSK, Insurance, National Association of Insurance Commissioners, Algorithm, Culture, Machine learning, Microsoft, Certification, Representational state transfer, National Association, API, Senior, ESG, Policy, Workflow, Music, Risk management, Wolfgang Amadeus Mozart, Verisk Analytics

The integration with FilingRamp gives Mozart users an end-to-end forms solution, where they can easily analyze, develop and submit updated forms to regulators in a single workflow.

Key Points: 
  • The integration with FilingRamp gives Mozart users an end-to-end forms solution, where they can easily analyze, develop and submit updated forms to regulators in a single workflow.
  • Mozart can help insurers create and manage policy forms and endorsements across the entire product life cycle, helping to create significant workflow efficiencies and cost savings.
  • FilingRamp features full two-way API integration with SERFF, helping to automate form submissions.
  • “FilingRamp and Mozart together allow insurers to submit filings with improved speed, shaving valuable time from the process.

West Monroe Names Laurie Lovett to Board of Directors

Retrieved on: 
Wednesday, December 14, 2022
MSD, Culture, Accenture, Verisk Analytics, Lovett, Sale, COVID-19, Organization, Nielsen

CHICAGO, Dec. 14, 2022 /PRNewswire/ -- West Monroe, one of the fastest-growing digital services firms, today announced the appointment of Laurie Lovett to its Board of Directors.

Key Points: 
  • CHICAGO, Dec. 14, 2022 /PRNewswire/ --West Monroe, one of the fastest-growing digital services firms, today announced the appointment of Laurie Lovett to its Board of Directors.
  • In conjunction with MSD Private Capital's 2021 investment in a 50% ownership stake of West Monroe , the firm restructured its governance to include representation from MSD and West Monroe.
  • "West Monroe has a unique opportunity to establish itself as a leader in the emerging digital services arena.
  • In addition to working closely with Nielsen's board, Lovett has served on the boards of several other organizations.

Verisk CEO Lee Shavel to Assume Role as President, as Mark Anquillare Steps Down

Retrieved on: 
Thursday, December 1, 2022
CFO, ESG, Climate change, Insurance, VRSK, Risk assessment, Work, Software, IPO, Culture, Certification, Management, Verisk Analytics

JERSEY CITY, N.J., Dec. 01, 2022 (GLOBE NEWSWIRE) -- Verisk (Nasdaq: VRSK), a leading global data analytics provider, announced that Mark V. Anquillare is stepping down from Verisk as of January 15, 2023.

Key Points: 
  • JERSEY CITY, N.J., Dec. 01, 2022 (GLOBE NEWSWIRE) -- Verisk (Nasdaq: VRSK), a leading global data analytics provider, announced that Mark V. Anquillare is stepping down from Verisk as of January 15, 2023.
  • Chief Executive Officer Lee M. Shavel will assume the role of president, serving concurrent roles as president and CEO.
  • Mark has been a terrific partner and a dedicated and accomplished leader at Verisk for more than three decades.
  • We are grateful for his leadership and many contributions that have expanded the ways we support our customers and fostered a culture of customer-centricity, innovation and collaboration, said Lee Shavel, Verisk CEO.

Openly Modernizes Homeowners Insurance with Growth Strategy Driven by Verisk Data

Retrieved on: 
Tuesday, November 29, 2022
Software, VRSK, Speed, Growth, Culture, United, Work, ESG, Risk, Certification, Climate change, Insurance, Policy, Risk assessment, Home insurance, Automation, Intelligence, Verisk Analytics

JERSEY CITY, N.J., Nov. 29, 2022 (GLOBE NEWSWIRE) -- Openly , a growing provider of homeowners insurance, is delivering a modern, simplified customer experience powered by advanced technology and data from Verisk (Nasdaq: VRSK), a leading global data analytics provider.

Key Points: 
  • JERSEY CITY, N.J., Nov. 29, 2022 (GLOBE NEWSWIRE) -- Openly , a growing provider of homeowners insurance, is delivering a modern, simplified customer experience powered by advanced technology and data from Verisk (Nasdaq: VRSK), a leading global data analytics provider.
  • With Verisks LightSpeed for Homeowners platform, Openly is amplifying their data-forward strategy that optimizes the ordering of rating and underwriting information in real time and helps independent agents deliver innovative products and service to homeowners.
  • Openly is leveraging LightSpeed to support its efforts to enhance the quoting process for independent agents, refine underlying models and continue its profitable growth into new states.
  • Founded by industry veterans in 2017, Openly is dedicated to delivering modern and transparent homeowners insurance and empowering independent agents across America.

Verisk Earns Third Consecutive Great Place to Work Certification™ in India

Retrieved on: 
Wednesday, November 16, 2022
Cloud, Software, VRSK, Culture, D, ALL, Environment, Government, Work, Workplace, Great Places, Organization, Spectral sensitivity, ESG, CXO, Certification, Climate change, Insurance, Trust, India Inc., High trust and low trust societies, Change management, Research, Feedback, FOR, 100 Best Workplaces in Europe, Woman, CSR, Management, Renewable energy, Verisk Analytics, Coursera

Hyderabad, India, Nov. 16, 2022 (GLOBE NEWSWIRE) -- For the third consecutive year, leading global data analytics provider Verisk (Nasdaq: VRSK) is Certified in India by Great Place to Work.

Key Points: 
  • Hyderabad, India, Nov. 16, 2022 (GLOBE NEWSWIRE) -- For the third consecutive year, leading global data analytics provider Verisk (Nasdaq: VRSK) is Certified in India by Great Place to Work.
  • Hundreds of CEOs and CXOs from India Inc. are part of the great place community that is committed to the vision of making India a great place to work FOR ALLTM.
  • In addition, Verisk was named one of the 2022 Best Workplaces in New York by Fortune magazine and Great Place to Work.
  • With offices in more than 30 countries, Verisk consistently earns certification by Great Place to Work and fosters an inclusive culture where all team members feel they belong.

Verisk Earns Seventh Consecutive Great Place to Work Certification™ in the United States

Retrieved on: 
Wednesday, November 16, 2022
Cloud, Software, VRSK, Culture, D, Human, Place, Work, Certification, Workplace, Great Places, United Kingdom, Spectral sensitivity, Mentorship, ESG, Climate change, Insurance, Veteran, Parent, Change management, CSR, Feedback, Woman, 100 Best Workplaces in Europe, Management, Creative industries, Verisk Analytics, Coursera

JERSEY CITY, N.J., Nov. 16, 2022 (GLOBE NEWSWIRE) -- For the seventh consecutive year, leading global data analytics provider Verisk (Nasdaq: VRSK) is Certified in the United States by Great Place to Work.

Key Points: 
  • JERSEY CITY, N.J., Nov. 16, 2022 (GLOBE NEWSWIRE) -- For the seventh consecutive year, leading global data analytics provider Verisk (Nasdaq: VRSK) is Certified in the United States by Great Place to Work.
  • According to Great Place to Work research , job seekers are 4.5 times more likely to find a great boss at a Certified great workplace.
  • Great Place to Work Certification isnt something that comes easily it takes ongoing dedication to the employee experience, said Sarah Lewis-Kulin, vice president of global recognition at Great Place to Work.
  • In the United Kingdom, Verisk was recognized by Great Place to Work as a Best Workplace for women , tech and well-being .

Verisk’s AI-Powered Innovation Cuts Medical Records Review Time By Up to 90%

Retrieved on: 
Tuesday, November 15, 2022
Software, VRSK, Culture, Work, ESG, AI, Certification, Climate change, Insurance, Artificial intelligence, Major, Noise, Automation, Research, Roger Hawkins (drummer), Navigator, Hospital Records, Workload, ROI, Medical device, Pharmaceutical industry, Verisk Analytics, Discovery

Verisks new Discovery Navigator helps increase the speed and accuracy of the medical record review process, driving cost savings, accuracy and allowing adjusters to focus on improving customer experience.

Key Points: 
  • Verisks new Discovery Navigator helps increase the speed and accuracy of the medical record review process, driving cost savings, accuracy and allowing adjusters to focus on improving customer experience.
  • For every 1,000 claims, Discovery Navigator can help yield up to a 13:1 return on investment, the companys research found.
  • Verisks new solution represents time savings up to 90% and reduces manual errors.
  • Discovery Navigator leverages AI and deep industry expertise to comb through hundreds of pages of unstructured data found in medical records.