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
Tag: Verisk
Verisk Expands Fraud-Fighting Capabilities for the Insurance Ecosystem with Two New Strategic Partnerships
Verisk announced two new collaborations with insurance technology companies designed to bolster fraud detection and analysis in the insurance claims process.
Verisk Launches Solution for Insurers to Assess Underwriting Models and Variables for Unfair Discrimination
Insurers now have a proven method to help assess their pricing models for unfair discrimination against certain protected classes, like race.
Insurance Industry Faces Average Annual Natural Catastrophe Losses of $133B: Verisk Report
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.
Verisk Estimates Industry Insured Losses from Hurricane Idalia to Range from $2.5 Billion to $4 Billion
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.
First Chicago Insurance Company Enhances Commercial Auto Underwriting with New Verisk Solution
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.
Insurance Fraud Finds a New Enemy in Verisk’s Advanced Image Forensics
Insurers in the United States now have a new weapon from Verisk in the battle against claims fraud: image forensics.
A Surprisingly High Number of Americans Think Insurance Fraud Is Not a Crime: Survey
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.
Verisk Acquires Morning Data to Support Digital Transformation of International Broker and MGA Market
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.
CCC and Verisk Form Strategic Partnership to Bring Innovations to P&C Insurance Claims
CCC Intelligent Solutions Inc. and Verisk Analytics, Inc. announced a strategic partnership to leverage the two providers’ market-leading technologies to bring new innovations to P&C insurance claims.