Verisk Launches New Underwriting Solution to More Quickly Assess Rebuild Valuefor Commercial Properties in the U.K.
Verisk has launched "Commercial Rebuild," an underwriting solution for the U.K. market, designed to accurately assess the rebuild value of small- to mid-market commercial properties. This tool uses V...erisk's unique property data and technology to provide precise reinstatement costs, addressing underinsurance issues without the need for site visits. The solution offers real-time API access and a web-based portal, enhancing efficiency and accuracy for insurers, brokers, and MGAs.
Verisk launches XactAI to streamline property claims processing
Verisk has launched XactAI, an AI-driven suite integrated into its Xactware platform, to enhance property claims processing. The tools automate tasks like summarizing claims, organizing documents, an...d supporting workflows, aiming to improve efficiency and accuracy in claims handling. XactAI operates on a secure, cloud-native infrastructure, ensuring compliance and data security.
Verisk Launches Generative AI Commercial Underwriting
Verisk launched the Commercial GenAI Underwriting Assistant, a cloud-based solution that leverages generative AI to enhance commercial property underwriting. This tool automates workflows, integrates... with existing systems, and combines AI insights with human expertise to improve decision-making and operational efficiency. It addresses industry challenges like rising costs and shrinking workforce by providing real-time risk insights and improving profitability.
Verisk helping insurers gain insight into carbon footprint of claims
Verisk has launched a carbon trust assured model for property claims in the UK, designed to help insurers measure and reduce the carbon footprint of their claims. This industry-first calculator, deve...loped with The Carbon Trust, provides insights through dashboard reporting and benchmarking, aiding insurers in meeting sustainability goals and complying with emissions reporting.
Verisk Sets Precedent as First to Complete Wildfire - GlobeNewswire
Verisk's Wildfire Model has become the first to complete the California Department of Insurance's review process for catastrophe models. This approval allows insurers to use Verisk's model for assess...ing wildfire risk, enhancing insurance ratemaking and market stability in California. The model incorporates advanced science and data, aiding insurers in navigating wildfire risks amid climate change.
Verisk Unveils First - of - Its - Kind SRCC Catastrophe Model for the U . S . to Quantify Political Violence Risks
Verisk has launched a new SRCC (strikes, riots, and civil commotion) catastrophe model for the U.S., enabling insurers to better quantify and manage political violence risks. This first-of-its-kind m...odel enhances risk assessment and underwriting capabilities for the insurance industry.
Verisk Unveils First-of-Its-Kind SRCC Catastrophe Model for the U.S. to Quantify Political Violence Risks
Verisk has launched a new SRCC Catastrophe Model for the U.S., designed to help insurers quantify risks from strikes, riots, and civil commotion. This innovative tool addresses political violence ris...k assessment, supporting insurance industry decision-making and risk management.
Verisk Unveils First-of-Its-Kind SRCC Catastrophe Model for
Verisk has launched a new catastrophe model for strikes, riots, and civil commotion (SRCC) in the U.S. This first-of-its-kind solution helps insurers and risk managers quantify financial impacts from... political violence. The model addresses a growing need as SRCC events have caused over $10 billion in insured losses globally since 2010, with $3 billion in the U.S. alone.
Colorado Delays Release 3.1 for FROI/SROI Reporting Until 7/30/2026 - Verisk
Colorado has postponed the implementation of Release 3.1 for FROI/SROI reporting to July 30, 2026. Verisk provides technology solutions that support insurance data reporting compliance, including FRO...I/SROI processes for property and casualty insurers. This delay affects insurers and reporting entities using Verisks regulatory reporting platforms.
Earnix Integrates Verisk's ISO ERC(TM) to Accelerate Adoption for Commercial Market Lines
Earnix has integrated Verisk's ISO ERC(TM) to enhance adoption in commercial market lines. This collaboration aims to streamline processes and improve efficiency for insurers using Earnix's solutions.
Verisk adds Legentic fraud detection tech to ClaimSearch platform
Verisk has integrated Legentic's fraud detection tools, Digital Commerce Detector and Digital Asset Finder, into its ClaimSearch platform. This partnership aims to enhance fraud detection and recover...y for insurers by automating the identification of suspicious activities and reclaiming stolen assets. The integration is expected to improve claim outcomes and operational efficiency for U.S. insurers.
FRISS and Verisk Claims UK Join Forces to Combat Digital Media Fraud - Verisk
Verisk Claims UK and FRISS have partnered to integrate Verisk's Digital Media Forensic service into FRISS Media Check, enhancing fraud detection capabilities for insurers in Europe. This collaboratio...n leverages AI-driven algorithms to identify manipulated media, helping insurers combat digital media fraud effectively and protect policyholders.
Verisk Analytics (NasdaqGS:VRSK) Partners With OneClick To Enhance Insurance Claims Solutions
Verisk Analytics has integrated OneClick Data, Inc. with its Xactware platform to enhance insurance claims solutions. This integration aims to streamline the claims process by providing direct access... to comprehensive building code data, potentially strengthening Verisk's market position in the insurance sector and contributing to revenue growth.
Willis Towers Watson partners with Verisk for new feature in analytics deployment solution
Willis Towers Watson (WTW) and Verisk have formed a partnership to integrate Verisks ISO Electronic Rating Content (ERC) into WTWs Radar analytics and pricing deployment software. This collaboration ...aims to enhance efficiency, speed, and accuracy in commercial insurance pricing by streamlining the deployment of ISO rating content within insurer workflows. The integration supports advanced analytics and automation for insurance carriers, improving operational performance and pricing sophistication in the property and casualty insurance sector.
WTW and Verisk collaborate to boost efficiency, speed, accuracy, and analytical sophistication in commercial insurance pricing
WTW and Verisk have integrated Verisk's ISO Electronic Rating Content (ISO ERC) into WTW's Radar analytics platform. This collaboration lets insurers instantly import ISO ERC data, enabling real-time..., accurate commercial insurance pricing and rapid policy rating. Insurers can now analyze the impact of ISO updates, scenario test pricing changes, and deploy sophisticated rating models with greater efficiency and speed.
WTW, Verisk collaborate to boost efficiency in commercial ... - TipRanks
WTW and Verisk have collaborated to enhance commercial insurance pricing efficiency. WTW's Radar solution now integrates Verisk's ISO Electronic Rating Content, allowing insurers to create ISO-based ...pricing models quickly. This integration facilitates real-time market price adjustments and policy rating using Verisk's up-to-date advisory loss costs and rules.
Verisk has announced the acquisition of AccuLynx, a SaaS provider for roofing contractors, for $2.35 billion. This acquisition aims to enhance Verisk's claims capabilities in the insurance sector. Th...e deal, expected to close in Q3, will integrate AccuLynx into Verisks Property Estimating Solutions business. Verisk also reported strong Q2 financial results, with a 7.8% increase in revenue to $773 million and an 8% rise in diluted adjusted EPS.
Verisk Signs Definitive Agreement to Acquire AccuLynx
Verisk has signed a definitive agreement to acquire AccuLynx for $2.35 billion in cash. This acquisition aims to enhance Verisk's network capabilities within the insurance claims and restoration ecos...ystem. AccuLynx, a SaaS platform for residential property contractors, complements Verisk's Property Estimating Solutions, promising improved workflow and data integration. The transaction is expected to close by the end of Q3 2025, pending regulatory approval.
Verisk Signs Definitive Agreement to Acquire SuranceBay to Expand its Life & Annuity Offerings - GlobeNewswire
Verisk has signed a definitive agreement to acquire SuranceBay for $162.5 million. This acquisition aims to enhance Verisk's life and annuity offerings by integrating SuranceBay's solutions, includin...g its SureLCTM agency management software, into Verisk's FAST platform. The move is expected to streamline operations and improve efficiency within the insurance ecosystem.
Verisk reported Q3 2025 financial results with revenue of $768 million, a 5.9% increase. Adjusted EBITDA rose 7.2% to $429 million. Free cash flow increased by 39.6% to $336.1 million. The company an...nounced a dividend of $0.45 per share. The proposed acquisition of AccuLynx is under FTC review.
Verisk Reports Third - Quarter 2025 Financial Results
Verisk reported its third-quarter 2025 financial results, with revenue reaching $768 million, a 5.9% increase. Net income rose to $226 million, up 2.5%, while adjusted EBITDA grew by 7.2%. The compan...y highlighted strong operational performance despite higher interest expenses. Verisk also noted a pending AccuLynx acquisition under FTC review.
Verisk Analytics reported a 7.8% increase in Q2 2025 revenue, reaching $773 million, surpassing analyst expectations. The company also raised its full-year revenue and adjusted EBITDA guidance. Key h...ighlights include the acquisition of SuranceBay and a pending deal to acquire AccuLynx, enhancing Verisk's capabilities in insurance analytics and property estimating software.
Verisk reported a 7.8% increase in second-quarter 2025 revenue to $773 million, with adjusted EBITDA up 11.9% to $445 million. Net income fell 17.7% due to prior year gains. The company acquired Sura...nceBay for $163 million and plans to acquire AccuLynx for $2.35 billion. Verisk raised its full-year revenue and adjusted EBITDA outlook.
Verisk Reports Second - Quarter 2025 Financial Results
Verisk reported its second-quarter 2025 financial results, showing a 7.8% increase in revenue to $773 million. Net income decreased by 17.7% due to prior year gains, while adjusted EBITDA rose by 11....9%. The company acquired SuranceBay for $163 million and signed an agreement to acquire AccuLynx for $2.35 billion. Verisk raised its full-year revenue and adjusted EBITDA outlook.
Verisk To Announce Fiscal Second-Quarter 2025 Results On July 30, 2025
Verisk will announce its fiscal second-quarter 2025 financial results on July 30, 2025. The announcement will be accompanied by a live audio webcast discussing the results and business highlights.
Verisk Analytics (VRSK) Rose on Solid Results - Insider Monkey
Verisk Analytics reported strong quarterly financial results, surpassing earnings estimates due to resilient growth in its subscription-based analytics and risk assessment solutions for the insurance... industry. The company highlighted robust demand for its data-driven software platforms, which support underwriting and claims processes. Continued expansion in recurring revenue streams and operational efficiency contributed to the positive performance.
Verisk reported first-quarter 2025 financial results with revenue of $753 million, up 7% year-over-year. Net income rose 5.9% to $232 million. Adjusted EBITDA increased 9.5% to $417 million. Underwri...ting segment revenue grew 6.8%, driven by forms, rules, and loss cost services. Claims segment revenue rose 7.5%, led by property estimating solutions.
Verisk to Announce Fiscal First-Quarter 2025 Results on May
Verisk will announce its fiscal first-quarter 2025 financial results on May 7, 2025. The results will be discussed in a live webcast hosted by Verisk's management team.
Verisk Names Saurabh Khemka President of Underwriting Solutions
Verisk has appointed Saurabh Khemka as the president of Underwriting Solutions, effective immediately. Khemka, who has been with Verisk for over 12 years, will oversee the Underwriting Solutions busi...ness, focusing on digitalizing and automating underwriting processes. Doug Caccese, the co-president, will transition to a strategic advisor role before leaving in January 2026.
Verisk has appointed Eric Spear as the Chief Technology Officer for its Extreme Event Solutions division. Spear, with extensive experience in predictive analytics and risk modeling, will lead Verisk'...s engineering and IT departments to drive innovation through AI and cloud-based solutions. His focus will be on enhancing catastrophe risk modeling capabilities and optimizing workflows to support the global insurance market.
Eric Spear Named Chief Technology Officer for Verisk Extreme Event Solutions - Verisk
Eric Spear has been appointed as the Chief Technology Officer for Verisk's Extreme Event Solutions. With extensive experience in predictive analytics and risk modeling, Spear will lead engineering, q...uality assurance, and IT functions. His focus will be on leveraging AI and cloud-based architecture to enhance catastrophe risk modeling and streamline decision-making for Verisk's global insurance clients.
Verisk Welcomes Christopher Perry and Sabra Purtill to its Board of Directors - GlobeNewswire
Verisk appointed Christopher J. Perry, president of Broadridge Financial Solutions, and Sabra R. Purtill, advisor at AIG, to its board of directors. Their backgrounds in financial services and insura...nce are expected to strengthen Verisks leadership as a global data analytics and technology provider for the insurance industry.
