VRSK

Verisk Launches Generative AI Tool to Support Faster Insurance Claim Processing

Retrieved on: 
Thursday, February 8, 2024
Growth, Navigator, FMS, AI, Artificial intelligence, Amazon Web Services, Privacy, API, VRSK, Discovery, AWS, Insurance, Injury, Workforce, Medical device

The new generative AI auto-summary feature is designed to further simplify and accelerate the claims settlement process, allowing claims professionals to achieve efficient and accurate resolutions faster than ever before.

Key Points: 
  • The new generative AI auto-summary feature is designed to further simplify and accelerate the claims settlement process, allowing claims professionals to achieve efficient and accurate resolutions faster than ever before.
  • "In an era of a shrinking skilled workforce and rising costs in claims handling, generative AI isn't a luxury, it's a lifeline,” said Maroun Mourad, president, Verisk Claims Solutions.
  • Verisk is at the forefront of leveraging leading and emerging technologies, such as generative AI, in the insurance industry to enhance its clients’ operational efficiency, productivity and profitability.
  • The company’s generative AI-powered solutions and applications remain rooted in its commitment to the ethical and responsible use of AI.

Managed Repair is Transformed with Handdii Holdings Inc and Verisk Property Integration

Retrieved on: 
Wednesday, February 7, 2024
Software, Professional Services, Fintech, Data Management, Other Construction & Property, Technology, Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, Data Analytics, Insurance, Building Systems, VRSK, Automation, Collection, Communication, Risk management

Handdii Holdings Inc. (“handdii”), a leading digital repair program, is proud to announce an innovative integration with Verisk (Nasdaq: VRSK), a leading global data analytics and technology provider.

Key Points: 
  • Handdii Holdings Inc. (“handdii”), a leading digital repair program, is proud to announce an innovative integration with Verisk (Nasdaq: VRSK), a leading global data analytics and technology provider.
  • handdii’s proprietary software functions as a digital repair platform, connecting insurance company adjusters and policyholders to a carefully vetted network of local contractors.
  • This integration is set to transform the property claims landscape by simplifying and optimizing the claims reconstruction process.
  • We are proud of the role that Verisk and handdii are playing in delivering these impactful and technology-driven solutions.”
    Through this integration, initial claim data flows from XactAnalysis to handdii.

Verisk to Announce Fiscal Fourth-Quarter 2023 Results on February 21, 2024

Retrieved on: 
Tuesday, January 23, 2024
VRSK, Conference, Webcast

JERSEY CITY, N.J., Jan. 23, 2024 (GLOBE NEWSWIRE) -- Verisk (Nasdaq: VRSK), a leading global data analytics and technology provider, will report its financial results for the fiscal fourth quarter ended on Sunday, December 31, 2023, on Wednesday, February 21, 2024, before the market open.

Key Points: 
  • JERSEY CITY, N.J., Jan. 23, 2024 (GLOBE NEWSWIRE) -- Verisk (Nasdaq: VRSK), a leading global data analytics and technology provider, will report its financial results for the fiscal fourth quarter ended on Sunday, December 31, 2023, on Wednesday, February 21, 2024, 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, February 21, 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 Expands Ecosystem Adding Section 111 Reporting Platform to Duck Creek Content Exchange

Retrieved on: 
Thursday, January 18, 2024
ISO, MSP, Medicaid, Medicare, API, VRSK, Navigator, CMS, Mobile phone

MSP Navigator provides casualty insurers with an efficient solution for Section 111 reporting, and they can benefit from the advanced automated reporting and analytical capabilities of the platform, facilitating compliance and avoiding civil monetary penalties.

Key Points: 
  • MSP Navigator provides casualty insurers with an efficient solution for Section 111 reporting, and they can benefit from the advanced automated reporting and analytical capabilities of the platform, facilitating compliance and avoiding civil monetary penalties.
  • “Verisk's MSP Navigator helps casualty insurers meet the ever-changing landscape of Section 111 reporting,” said Mark Popolizio, vice president of MSP compliance, casualty solutions at Verisk.
  • “This is a highly accurate Section 111 reporting solution supported by our team of legal and medical experts.
  • "Duck Creek is thrilled with the addition of MSP Navigator and our rapidly growing number of integrations with Verisk available on our Content Exchange,” says Oliver Werneyer, vice president of product strategy, Duck Creek Technologies.

Verisk Partners with Chief Claims Officers to Create Claims Advisory Board

Retrieved on: 
Tuesday, January 16, 2024
Digital technology, Farmers Insurance Group, P&C, CCO, Data management, USAA, Partnership, Insurance, Property, VRSK, Progressive Corporation, Ecosystem, Executive, Strategic planning, Allstate, Risk, Fraud, Finchum, Organization, Farmer, Management

JERSEY CITY, N.J., Jan. 16, 2024 (GLOBE NEWSWIRE) -- To address the ever-evolving needs of claims organizations and to continue delivering cutting-edge solutions and value, Verisk (Nasdaq: VRSK), a leading global data analytics and technology provider, has formed the Verisk Claims Advisory Board.

Key Points: 
  • JERSEY CITY, N.J., Jan. 16, 2024 (GLOBE NEWSWIRE) -- To address the ever-evolving needs of claims organizations and to continue delivering cutting-edge solutions and value, Verisk (Nasdaq: VRSK), a leading global data analytics and technology provider, has formed the Verisk Claims Advisory Board.
  • Comprised of a group of former chief claims officers across the insurance industry, the Board will advise Verisk’s Claims Solutions on its innovation roadmap to ensure the company is enriching the claims ecosystem by continuing to streamline client workflows, improve claims management and support superior customer experiences.
  • The Verisk Claims Advisory Board is comprised of the following experts:
    • Eric Brandt – Eric Brandt has more than 30 years’ experience leading technology and operations across consumer, commercial, and group benefits lines of business.
  • “At Verisk, we value learning and collaboration as important and effective ways to continue moving the industry forward through value co-creation with customer and ecosystem partners,” said Maroun Mourad, president, Verisk Claims Solutions.

Verisk Publishes 2023 Task Force on Climate-Related Financial Disclosures (TCFD) Report

Retrieved on: 
Thursday, January 11, 2024
Social responsibility, Research, Policy, Risk assessment, VRSK, TCFD, ESG, Risk, Carbon, Climate change, Investment, Organization, Task force, Exercise, Risk management

JERSEY CITY, N.J., Jan. 11, 2024 (GLOBE NEWSWIRE) -- Verisk (Nasdaq: VRSK), a leading global data analytics and technology provider, has published its first formal report prepared in accordance with the framework recommended by the Task Force on Climate-related Financial Disclosures (TCFD).

Key Points: 
  • JERSEY CITY, N.J., Jan. 11, 2024 (GLOBE NEWSWIRE) -- Verisk (Nasdaq: VRSK), a leading global data analytics and technology provider, has published its first formal report prepared in accordance with the framework recommended by the Task Force on Climate-related Financial Disclosures (TCFD).
  • While the company regularly discloses information on its climate strategy, the report incorporates analyses of physical risk, transition risk and carbon pricing for the first time.
  • “That same theme underlies our TCFD report.
  • Highlights of the report include:
    • A physical risk analysis that assessed exposure to climate-related hazards across the company’s operations.

Verisk Names Doug Caccese and Saurabh Khemka Co-Presidents of Underwriting Solutions

Retrieved on: 
Tuesday, January 9, 2024
Bain & Company, AIG, Insurance, VRSK, Spector, Khemka, Farmer, Domestic, Growth, Management

JERSEY CITY, N.J., Jan. 09, 2024 (GLOBE NEWSWIRE) -- Verisk (Nasdaq: VRSK), a leading global data analytics and technology provider, today announced that Doug Caccese and Saurabh Khemka will serve as co-presidents of Verisk Underwriting Solutions as Neil Spector moves into a strategic advisor role, effective January 16.

Key Points: 
  • JERSEY CITY, N.J., Jan. 09, 2024 (GLOBE NEWSWIRE) -- Verisk (Nasdaq: VRSK), a leading global data analytics and technology provider, today announced that Doug Caccese and Saurabh Khemka will serve as co-presidents of Verisk Underwriting Solutions as Neil Spector moves into a strategic advisor role, effective January 16.
  • “Doug and Saurabh reflect the deeply experienced, talented and diverse leadership team at Verisk,” said Lee Shavel, president and CEO, Verisk.
  • Most recently, he served as president of Domestic Underwriting Solutions for Verisk.
  • Since then, Spector has held leadership roles of increasing responsibility at Verisk and in 2017 he was named president of Underwriting Solutions.

Verisk Estimates Industry Insured Losses for the Noto Peninsula Earthquake to Range from JPY 260 Billion to JPY 480 Billion (USD 1.8 Billion to 3.3 Billion)

Retrieved on: 
Tuesday, January 9, 2024
Noto, USD, JPY, Extreme, VRSK, Earthquake, M6, USGS, Seismicity, Tunnel

Japan is a seismically active region with most earthquakes occurring off the east coast, where the Pacific plate subducts beneath Japan.

Key Points: 
  • Japan is a seismically active region with most earthquakes occurring off the east coast, where the Pacific plate subducts beneath Japan.
  • This earthquake occurred on the west coast of Japan, where crustal deformation created by the broader plate motions is accommodated in shallow faults.
  • The Noto Peninsula earthquake caused damage across an extensive area around and south of the epicenter.
  • In the areas impacted by 2024 Noto Peninsula earthquake, seismic code requirements are higher than those in the southern part of Japan.

California Department of Insurance Approves Verisk's ISO Wildfire Mitigation Filings for Homeowners, Dwelling, Commercial Property, Commercial Inland Marine and Businessowners Programs

Retrieved on: 
Monday, January 8, 2024
California Department, ISO, Wildfire, Insurance, VRSK, CDI, Risk management

JERSEY CITY, N.J., Jan. 08, 2024 (GLOBE NEWSWIRE) -- Verisk (Nasdaq: VRSK), a leading global data analytics and technology provider, today announced that the California Department of Insurance (CDI) has approved its ISO wildfire mitigation filings for homeowners, dwelling, commercial property, commercial inland marine and businessowners programs.

Key Points: 
  • JERSEY CITY, N.J., Jan. 08, 2024 (GLOBE NEWSWIRE) -- Verisk (Nasdaq: VRSK), a leading global data analytics and technology provider, today announced that the California Department of Insurance (CDI) has approved its ISO wildfire mitigation filings for homeowners, dwelling, commercial property, commercial inland marine and businessowners programs.
  • Verisk has been engaging with CDI to assist insurers in responding to the mitigation regulation and navigating the changing environmental landscape.
  • As the climate science progresses and more insurance industry data becomes available, Verisk will continue to assess the impact of mitigation for insurers.
  • By incorporating specific wildfire mitigation factors into their rating plans, insurers can appropriately recognize mitigation efforts by insureds for property insurance coverage in high-risk areas.

Verisk Ranks No. 4 on Investor’s Business Daily’s 100 Best ESG Companies List

Retrieved on: 
Tuesday, December 19, 2023
IBD, Dow Jones & Company, Dow Jones, ESG, VRSK, Organization, Risk management

JERSEY CITY, N.J., Dec. 19, 2023 (GLOBE NEWSWIRE) -- Verisk (Nasdaq: VRSK), a leading global data analytics and technology provider, has ranked fourth out of the 100 Best ESG Companies in 2023 by Investor’s Business Daily .

Key Points: 
  • JERSEY CITY, N.J., Dec. 19, 2023 (GLOBE NEWSWIRE) -- Verisk (Nasdaq: VRSK), a leading global data analytics and technology provider, has ranked fourth out of the 100 Best ESG Companies in 2023 by Investor’s Business Daily .
  • The fifth annual list recognizes companies with superior environmental, social and governance (ESG) ratings as well as fundamental and technical stock performance.
  • To determine the 2023 100 Best ESG Companies list, IBD started with a company's environmental, social and governance (ESG) sustainability score created by Dow Jones Newswires, an IBD affiliate.
  • IBD then cut the list to 1,559 companies by removing non-public companies and companies with stock prices below $10 a share.