VRSK

Peace Hills General Insurance Company Enhances Claims Management with Verisk Solutions

Retrieved on: 
Wednesday, April 19, 2023
VRSK, Documentation, Workflow, Tourism, Risk management, Management, Western Canada

Edmonton and Jersey City, N.J., April 19, 2023 (GLOBE NEWSWIRE) -- Peace Hills General Insurance Company, an auto, home, and business insurer in Western Canada, is enhancing its claims workflow with the Xactimate and XactAnalysis® solutions from Verisk (Nasdaq: VRSK), a leading global data analytics and technology provider.

Key Points: 
  • Edmonton and Jersey City, N.J., April 19, 2023 (GLOBE NEWSWIRE) -- Peace Hills General Insurance Company, an auto, home, and business insurer in Western Canada, is enhancing its claims workflow with the Xactimate and XactAnalysis® solutions from Verisk (Nasdaq: VRSK), a leading global data analytics and technology provider.
  • Peace Hills is using Xactimate to capture information about property damage and help them review estimates with speed and precision.
  • Both applications can help Peace Hills enhance its workflow and reduce the time it takes to resolve claims.
  • “Peace Hills maintains a steadfast commitment to providing exceptional customer service,” said Joel Dagenais, senior vice president of sales for Verisk’s claims solutions.

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 Promotes Carrie Barr and Aaron Brunko to Lead Growing Claims Businesses

Retrieved on: 
Thursday, April 13, 2023
Barr, VRSK, Ecosystem, Business, Woman, Software, Management

JERSEY CITY, N.J., April 13, 2023 (GLOBE NEWSWIRE) -- Verisk (Nasdaq: VRSK), a leading global data analytics and technology provider, has promoted Carrie Barr to president of Casualty Solutions and Aaron Brunko to president of Property Estimating Solutions.

Key Points: 
  • JERSEY CITY, N.J., April 13, 2023 (GLOBE NEWSWIRE) -- Verisk (Nasdaq: VRSK), a leading global data analytics and technology provider, has promoted Carrie Barr to president of Casualty Solutions and Aaron Brunko to president of Property Estimating Solutions.
  • Barr joined Verisk as an account executive in 2010 and quickly advanced to leadership positions within sales and operations.
  • In her new role, Barr will focus on driving greater efficiencies for clients through workflow automation, programmatic compliance and decision-support solutions.
  • Brunko joined Verisk as a tech support agent in 2001 and served most recently as senior vice president of claims on the property estimating solutions team.

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.

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.

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.

Verisk Marketing Solutions Launches "Real-Time Decisions" Product Suite

Retrieved on: 
Tuesday, March 14, 2023
Acquisition, Guardian, VRSK, API, Ecosystem, RTD, Insurance, Telephone Consumer Protection Act of 1991, Inbound, History, Marketing, Lead, TCPA, Sales, Online shopping

The new “Real-Time Decisions” product suite from Verisk Marketing Solutions empowers marketers to make split-second choices about how best to engage with consumers, enabling improved customer experiences and higher conversion rates.

Key Points: 
  • The new “Real-Time Decisions” product suite from Verisk Marketing Solutions empowers marketers to make split-second choices about how best to engage with consumers, enabling improved customer experiences and higher conversion rates.
  • “Marketers and the analytics professionals supporting them need data available in real-time to inform instantaneous decisions that optimize consumer experiences," said Eli Schwarz, Chief Strategy Officer for Verisk Marketing Solutions.
  • The features delivered through Real-Time Decisions products are powered by the unique data asset ecosystem that Verisk Marketing Solutions has built through the acquisition and integration of Jornaya and Infutor.
  • Jornaya’s proprietary network of over 55,000 comparison shopping sites combined with Infutor’s unique identity graph and people-based attributes enable Verisk Marketing Solutions to deliver the three key components of personalization – Who, What, and When – across all marketing channels.