Fortune magazine and Great Place to Work have honored Verisk as one of the Best Workplaces in New York for the second consecutive year. The award recognizes Verisk, a leading global data analytics provider, for its outstanding workplace culture of engagement through education and development, team collaboration and open communication. The Best Workplaces in New… Continue reading Verisk Named One of the 2022 Best Workplaces in New York™ by Fortune Magazine
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Verisk and LIMRA Partner to Combat Fraud, Financial Crimes in Life Insurance, Annuity and Retirement Markets
LIMRA and Verisk are collaborating to provide greater capabilities to insurers and recordkeepers to help them combat fraud and financial criminal attacks on their customers, leveraging the unique strengths of the two organizations. FraudShare, LIMRA’s most recent industry solution developed in collaboration with its members to address common industry challenges, assists leading financial services firms… Continue reading Verisk and LIMRA Partner to Combat Fraud, Financial Crimes in Life Insurance, Annuity and Retirement Markets
P&C Insurers See $5.6B Net Underwriting Loss in Nine Months 2021
Private U.S. property/casualty insurers saw a $5.6 billion net underwriting loss in the first nine months of 2021, as non-catastrophe losses returned to pre-pandemic levels, according to a report by Verisk, a leading global data analytics provider, and the American Property Casualty Insurance Association (APCIA). Direct losses for personal auto liability increased 14.1% in nine… Continue reading P&C Insurers See $5.6B Net Underwriting Loss in Nine Months 2021
RiskSpan and Verisk Collaborate to Offer Climate Risk Analytics for Mortgage Finance
Mortgage analytics firm RiskSpan has collaborated with Verisk to create a first-of-its-kind solution for measuring and mitigating the risks of climate change to the housing finance industry. The collaboration unites RiskSpan’s Edge Platform for mortgage analytics with Verisk Extreme Event Solutions’ proven set of models — relied on by leading insurance, re-insurance, corporate and government… Continue reading RiskSpan and Verisk Collaborate to Offer Climate Risk Analytics for Mortgage Finance
HOVER and Verisk Streamline Property Claims with New Integration
Insurance carriers, adjusters, restorers and policyholders will be able to streamline claims estimating through the integration between Verisk’s claims-handling solutions, Xactimate® and XactAnalysis®, and HOVER, the technology company that transforms smartphone photos of any property into a digital twin with valuable 3D data for insurance partners. Property professionals and policyholders can use the HOVER app… Continue reading HOVER and Verisk Streamline Property Claims with New Integration
P&C Carrier Performance Solid in H1 2021
According to a report from Verisk, a leading global data analytics provider, and the American Property Casualty Insurance Association, private property/casualty insurers in the United States posted strong net income growth in the first half of 2021 as the country continued to recover from the economic disruption caused by the COVID-19 pandemic. As the economy… Continue reading P&C Carrier Performance Solid in H1 2021
Verisk Acquires ACTINEO, Further Expanding into Europe
Verisk, a leading global data analytics provider, has entered into an agreement to acquire ACTINEO, the rapidly expanding international market leader for the digitalization and medical assessment of bodily injury claims. With the acquisition, Verisk will add ACTINEO’s established claims management solutions to Verisk’s leading data analytics and insurance ecosystem, providing customers with digitalization and… Continue reading Verisk Acquires ACTINEO, Further Expanding into Europe
Insurers Gain Easy Access to Critical Insights on Court Verdicts with New Verisk Database
Court decisions can profoundly impact insurance companies, affecting everything from the types of exposures carriers are willing to insure to reserve allocation and claim management strategies. The verdicts associated with these court decisions can vary significantly by jurisdiction, insurance topic, and amount, be challenging to access, and time-consuming and costly to research. To help insurers… Continue reading Insurers Gain Easy Access to Critical Insights on Court Verdicts with New Verisk Database
P&C Insurers Report 27.5% Drop in Net Income During First Nine Months of 2020
In the first nine months of 2020, the private U.S. property and casualty (P&C) insurance industry dealt with the effects of the COVID-19 pandemic as well an historic catastrophe season, according to a report from Verisk, a leading global data analytics provider, and the American Property Casualty Insurance Association (APCIA). The industry’s net income after… Continue reading P&C Insurers Report 27.5% Drop in Net Income During First Nine Months of 2020
P/C Insurers Report a 26% Drop in Net Income in First-Half 2020
Net income for the private U.S. property/casualty insurance industry dropped 26% in the first half of 2020, as the effects of COVID-19 began to hurt insurer underwriting results and investment gains, according to Verisk, a leading data analytics provider, and the American Property Casualty Insurance Association (APCIA). Net income after taxes fell to $24.3 billion… Continue reading P/C Insurers Report a 26% Drop in Net Income in First-Half 2020