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Tag: Verisk

Verisk Surpasses Profit Estimates as Insurers Double Down on Data Analytics

Verisk

Verisk Analytics has kicked off 2025 with a strong performance, thanks to surging demand for its advanced data analytics solutions, particularly from property and casualty (P&C) insurers.

Published May 9, 2025
Categorized as Show on Homepage Tagged Verisk

U.S. P&C Insurers: Industry Loss Estimates Reveal Continued Challenges

P&C estimated losses for 2023

Verisk and The American Property Casualty Insurance Association (APCIA) remarked on full-year 2023 losses for the insurance industry, which they estimate to be $21.1 billion

Published May 31, 2024
Categorized as Show on Homepage Tagged APCIA, insurer losses, P&C industry losses, property losses, severe convective losses, Verisk

Verisk Expands Fraud-Fighting Capabilities for the Insurance Ecosystem with Two New Strategic Partnerships

Verisk announces collaboration to fight claims fraud

Verisk announced two new collaborations with insurance technology companies designed to bolster fraud detection and analysis in the insurance claims process.

Published March 5, 2024
Categorized as Show on Homepage Tagged claims process, fraud claims detection, Verisk

Verisk Launches Solution for Insurers to Assess Underwriting Models and Variables for Unfair Discrimination

Verisk announces collaboration to fight claims fraud

Insurers now have a proven method to help assess their pricing models for unfair discrimination against certain protected classes, like race.

Published November 16, 2023
Categorized as Show on Homepage Tagged personal rating model, unfair discrimination, Verisk

Insurance Industry Faces Average Annual Natural Catastrophe Losses of $133B: Verisk Report

Natural catastrophes

The global modeled insured average annual loss from natural catastrophes is $133 billion, a new high captured in the latest analysis using Verisk’s extreme event solutions models.

Published September 11, 2023
Categorized as Show on Homepage Tagged extreme weather, insured losses, natural catastrophes, Verisk

Verisk Estimates Industry Insured Losses from Hurricane Idalia to Range from $2.5 Billion to $4 Billion

Insured losses Hurricane Idalia

Verisk, a leading global data analytics and technology provider, estimates industry insured losses to onshore property for Hurricane Idalia will range from $ =2.5 billion to $4 billion.

Published September 6, 2023
Categorized as Show on Homepage Tagged Hurricane Idalia, insured losses, natural catastrophe, Verisk

First Chicago Insurance Company Enhances Commercial Auto Underwriting with New Verisk Solution

Verisk announces collaboration to fight claims fraud

First Chicago Insurance Company (FCIC), a proud member of the Warrior Insurance Network (WIN), is refining its commercial auto underwriting with robust vehicle data from Verisk, a leading global data analytics and technology provider.

Published June 23, 2023
Categorized as Show on Homepage Tagged FCIC, global data analytics, Verisk

Insurance Fraud Finds a New Enemy in Verisk’s Advanced Image Forensics

Claims fraud

Insurers in the United States now have a new weapon from Verisk in the battle against claims fraud: image forensics.

Published June 14, 2023
Categorized as Show on Homepage Tagged claims fraud, image forensics, Verisk

A Surprisingly High Number of Americans Think Insurance Fraud Is Not a Crime: Survey

NY AG sues Citibank

A significant number of Americans aged 45 and younger show a high level of tolerance for insurance fraud – even feeling envious of those who commit it – according to a new survey of insurance consumers by Verisk and the Coalition Against Insurance Fraud.

Published June 8, 2023
Categorized as Show on Homepage Tagged Coalition Against Insurance Fraud, insurance fraud, Verisk

Verisk Acquires Morning Data to Support Digital Transformation of International Broker and MGA Market

Verisk announces collaboration to fight claims fraud

Verisk has acquired Morning Data, a supplier of state-of-the-art software to brokers and managing general agents in London and across the globe.

Published May 31, 2023
Categorized as Show on Homepage Tagged coverholders, insurance brokers, Managing General Agency, MGAs, Morning Data, Verisk

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