Uncertainty,
VRSK,
Risk,
Society,
NGM,
Policy,
Touchstone,
Insurance,
Risk assessment,
File,
P&C,
Language,
Risk management This launch marks the first successful effort by a catastrophe modeling firm to bring its full suite of models to a next generation modeling framework.
Key Points:
- This launch marks the first successful effort by a catastrophe modeling firm to bring its full suite of models to a next generation modeling framework.
- NGM offers a deeper understanding of uncertainty and a more comprehensive and sophisticated solution for natural catastrophe risk management.
- The next generation financial module in NGM delivers an accurate and reliable global view of risk across the insurance industry.
- The use of catastrophe models is important for decision-making in the dynamic risk landscape of today’s insurance market.
JERSEY CITY, N.J., April 01, 2024 (GLOBE NEWSWIRE) -- Verisk (Nasdaq: VRSK), a leading global data analytics and technology provider, today announced that Greg Hendrick has been appointed independent director of the company’s Board of Directors effective immediately.
Key Points:
- JERSEY CITY, N.J., April 01, 2024 (GLOBE NEWSWIRE) -- Verisk (Nasdaq: VRSK), a leading global data analytics and technology provider, today announced that Greg Hendrick has been appointed independent director of the company’s Board of Directors effective immediately.
- “We’re thrilled to welcome Greg to the Board,” Verisk president and CEO Lee Shavel said.
- He currently serves on the Board of Governors of St. John’s University and the Board of Overseers of the Greenberg School of Risk Management.
- Bruce Hansen, chair of the Verisk Board of Directors, said, “We continue to add incredible talent and diverse perspectives to our Board.
Retrieved on:
Wednesday, March 20, 2024
This integration expands Verisk’s open ecosystem, offering claims adjusters increased flexibility and streamlining the damage assessment process.
Key Points:
- This integration expands Verisk’s open ecosystem, offering claims adjusters increased flexibility and streamlining the damage assessment process.
- Seek Now’s technology will be seamlessly integrated within Verisk’s suite of property estimating solutions, eliminating the need for manual information transfer.
- As a result of this integration, shared customers of Verisk and Seek Now will experience a simplified and accelerated claims resolution process, improving their claims outcomes while enriching their policyholder’s overall experience.
- The integration will also streamline referrals, real-time routing, status and data collection process for property insurance claims leading to a meaningful reduction in cycle times.
JERSEY CITY, N.J., March 11, 2024 (GLOBE NEWSWIRE) -- Verisk, (Nasdaq: VRSK), a leading global data analytics and technology provider, has announced the launch of two new accelerators, wcPrism ® and wcNavigator ® , designed to streamline and enhance workers' compensation claims processing within Guidewire ClaimCenter.
Key Points:
- JERSEY CITY, N.J., March 11, 2024 (GLOBE NEWSWIRE) -- Verisk, (Nasdaq: VRSK), a leading global data analytics and technology provider, has announced the launch of two new accelerators, wcPrism ® and wcNavigator ® , designed to streamline and enhance workers' compensation claims processing within Guidewire ClaimCenter.
- These innovative solutions aim to accelerate claims processes in the insurance industry by leveraging advanced analytics and automation to improve efficiency and accuracy in claims management.
- The wcPrism accelerator offers a smarter and faster way to report mandatory state-level workers' compensation claims.
- "wcPrism can make workers’ compensation claim reporting more efficient, accurate, and stress-free,” said Carrie Barr, president of casualty solutions at Verisk.
The platform connects more than 200,000 professionals from carriers, regulatory agencies, law enforcement and claim service providers.
Key Points:
- The platform connects more than 200,000 professionals from carriers, regulatory agencies, law enforcement and claim service providers.
- “Verisk is uniquely positioned to serve the insurance industry by providing the platform to support the P&C claims ecosystem.
- “We are thrilled to participate in this ecosystem partnership with Verisk,” says Jeroen Morrenhof, CEO and co-founder of FRISS.
- This will enable mutual Verisk and FRISS customers to detect fraud with much higher accuracy and predictability.
Retrieved on:
Wednesday, February 21, 2024
Prior year results included storm-related revenue associated with Hurricane Ian, which negatively impacted OCC growth by 90 basis points.
Key Points:
- Prior year results included storm-related revenue associated with Hurricane Ian, which negatively impacted OCC growth by 90 basis points.
- For the full year 2023, consolidated revenues were $2,681.4 million, up 7.4% and up 8.7% on an OCC basis.
- For the full year 2023, diluted EPS attributable to Verisk were $5.22, down 20.3% and diluted adjusted EPS were $5.71, up 14.0%.
- Elizabeth Mann, CFO, Verisk: "Verisk delivered solid fourth quarter 2023 results marked by 6.0% OCC revenue growth, 6.5% OCC adjusted EBITDA growth and continued margin expansion.
Retrieved on:
Thursday, February 15, 2024
Certification,
Woman,
Culture,
Parent,
Learning,
Human,
Inclusion,
Veteran,
Workplace,
Insurance,
VRSK,
Acceleration,
Research,
Management HYDERABAD, INDIA, Feb. 15, 2024 (GLOBE NEWSWIRE) -- For the fourth consecutive year, leading global data analytics and technology provider Verisk (Nasdaq: VRSK) is Certified™ in India by Great Place To Work.
Key Points:
- HYDERABAD, INDIA, Feb. 15, 2024 (GLOBE NEWSWIRE) -- For the fourth consecutive year, leading global data analytics and technology provider Verisk (Nasdaq: VRSK) is Certified™ in India by Great Place To Work.
- "Great Place To Work Certification is a highly coveted achievement that requires consistent and intentional dedication to the overall employee experience," says Sarah Lewis-Kulin, the Vice President of Global Recognition at 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.
- Verisk also earned Great Place to Work certifications in the UK, U.S., Poland and Spain.
Retrieved on:
Tuesday, February 13, 2024
Certification,
Woman,
Culture,
Mentorship,
Parent,
Learning,
Human,
Inclusion,
Knowledge,
Veteran,
Workplace,
Insurance,
VRSK,
Acceleration,
Research,
Management JERSEY CITY, N.J., Feb. 13, 2024 (GLOBE NEWSWIRE) -- For the eighth consecutive year, leading global data analytics and technology provider Verisk (Nasdaq: VRSK) is Certified™ in the United States by Great Place to Work.
Key Points:
- JERSEY CITY, N.J., Feb. 13, 2024 (GLOBE NEWSWIRE) -- For the eighth consecutive year, leading global data analytics and technology provider Verisk (Nasdaq: VRSK) is Certified™ in the United States by Great Place to Work.
- "Great Place To Work Certification is a highly coveted achievement that requires consistent and intentional dedication to the overall employee experience," says Sarah Lewis-Kulin, the Vice President of Global Recognition at 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.
- Verisk also earned Great Place to Work certifications in the UK, Spain, Poland and India.
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.
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.
