Verisk Analytics

Verisk Analytics, Inc. is an American data analytics and risk assessment firm based in Jersey City, New Jersey, United States, serving customers worldwide in insurance, natural resources, financial services, government, and risk management. The company uses proprietary data sets and industry expertise to provide predictive analytics and decision support solutions in fraud prevention, actuarial science, insurance coverages, fire protection, catastrophe and weather risk, data management, and other fields.

Verisk Analytics Inc

Wood Mackenzie is a global energy, chemicals, renewables, metals and mining research and consultancy group with an international reputation for supplying comprehensive data, written analysis and consultancy advice. In 2015, the company was acquired by Verisk Analytics, an American data analytics and risk assessment firm, in a deal valued at $2.8 billion.

Wood Mackenzie

Verisk Analytics, Inc. engages in the provision of data, analytics, and technology services. The firm also offers predictive analytics and decision support solutions to clients in rating, underwriting, claims, catastrophe, and weather risk fields. The company was founded in 1971 and is headquartered in Jersey City, NJ.

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Verisk Analytics reports robust Q4 performance and eyes growth opportunities

Verisk Analytics showcased strong financial performance and strategic changes in Q4 2022, with a focus on margin improvement.
Despite challenges, the company's strengths in insurance, capital efficiency, and client engagement position it well for growth.
Opportunities in new areas, international expansion, and pricing strategies offer avenues for sustained growth and profitability.

Verisk Analytics reports robust Q1 results amidst industry challenges

Verisk Analytics showcased strong financial performance and strategic resilience in Q1 2023, driven by revenue growth and client engagement initiatives.
The company navigated industry challenges while capitalizing on opportunities in the insurance and analytics sectors, maintaining guidance and pursuing innovation.
Transitioning to cloud solutions and subscription models, alongside strategic acquisitions, position Verisk Analytics for sustained growth and market leadership.
Strategic pricing, client outreach, and technological advancements underscore the company's ability to adapt to industry dynamics and drive value for stakeholders.

Verisk Analytics reports robust Q2 earnings and eyes global growth

Verisk Analytics delivered a strong Q2 performance with revenue and adjusted EBITDA growth, driven by subscription and transactional revenue increases.
The company's strengths lie in innovation, client engagement, and efficiency improvements, while facing challenges in marketing solutions and revenue factors.
Opportunities for growth include strategic partnerships, international expansion, and addressing client technology challenges, positioning Verisk for continued success.
Guidance increase for 2023 reflects confidence in future prospects, supported by a focus on ethical AI, data governance, and compliance enhancements.

Verisk Analytics excels in Q3 2023, poised for innovation-driven growth

Verisk Analytics demonstrated robust performance in Q3 2023, driven by organic revenue growth and successful client partnerships.
The company's strategic focus on data insights, innovation, and cost efficiency positions them well for future growth and value creation.
Investments in generative AI, modernization projects, and international expansion underscore Verisk's commitment to driving innovation and client satisfaction.
While challenges persist in the insurance industry landscape, Verisk's proactive approach to addressing industry concerns bodes well for long-term success.

Verisk Analytics reports exceptional 2023 performance and strategic growth plans

Verisk Analytics excelled in 2023, focusing on client needs, innovation, and efficiency.
Challenges in insurance industry addressed with strategic solutions and disciplined capital management.
Guidance for 2024 emphasizes operational efficiency, growth investments, and pricing opportunities.
Company's strong performance, leadership changes, and growth strategies position it well for the future.

Verisk Analytics excels in Q1 2024, focusing on innovation

Verisk Analytics demonstrated strong financial performance and operational efficiency in Q1 2024.
Innovation through Next Generation Models and AI technology positions the company for future growth.
Challenges in transactional revenue and M&A valuations require strategic adaptation for sustained success.

Verisk Analytics reports robust Q2 results and advances innovation

Verisk Analytics showcased strong financial performance, driven by subscription growth and cost discipline.
The company's focus on innovation and strategic engagement positions it well for future growth.
While facing challenges in transactional business, Verisk's outlook remains positive with a maintained guidance.

Verisk Analytics reports strong Q3 results, eyes industry growth opportunities

Verisk Analytics demonstrated robust financial results and strategic initiatives in Q3 2024, underpinned by subscription revenue growth and client-centric approaches.
While challenges like international business dynamics and market competition persist, Verisk's focus on innovation and client engagement positions it well for future growth.
With a strong performance in Q3 and a positive outlook for the full year, Verisk is poised to leverage industry trends and drive continued success.

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LONDON, Oct. 12, 2022 (GLOBE NEWSWIRE) -- The number of electric vehicles sold in the UK and Ireland continues to rise. The risk profile of cars on the road is changing, making access to technical electric vehicle data critical for insurers and brokers. To help support strategic underwriting and pricing decision making, Verisk (Nasdaq: VRSK), a leading global data analytics provider, announced the launch of its Electric Vehicle Database for the UK and Ireland.

Verisk launches EV Database for UK and Irish motor insurance markets

BINS (Building Identification Numbering System) Provides Unique Identifiers for More than 125 Million Commercial and Residential Structures, Including Addresses with Multiple Buildings and Units, Helping Assess Risks with Improved Accuracy and Efficiency BINS (Building Identification Numbering System) Provides Unique Identifiers for More than 125 Million Commercial and Residential Structures, Including Addresses with Multiple Buildings and Units, Helping Assess Risks with Improved Accuracy and Efficiency

Verisk Creates the (Re)Insurance Industry's First Geolocation Solution for Commercial and Residential Risk Assessment

The industry loss estimate includes estimated wind, storm surge, and inland flood losses resulting from Ian's landfalls in both Florida and South Carolina; Majority of insured losses in estimate caused by wind damage in Florida The industry loss estimate includes estimated wind, storm surge, and inland flood losses resulting from Ian's landfalls in both Florida and South Carolina; Majority of insured losses in estimate caused by wind damage in Florida

Verisk Estimates Industry Insured Losses to Onshore Property for Hurricane Ian Will Range from USD 42 Billion to USD 57 Billion

JERSEY CITY, N.J., Oct. 01, 2022 (GLOBE NEWSWIRE) -- Verisk (Nasdaq: VRSK), a leading global data analytics provider, is working with Vexcel Data Program, the world's largest aerial imagery program, to help insurers accelerate their response to the widespread property damage wrought by Hurricane Ian.

Verisk's Geospatial Data, AI-Enhanced Analytics and Vexcel's Aerial Imagery Combine to Help Accelerate Insurance Response to Historic Hurricane Damage

Analysis highlights key factors that contribute to increase in insured losses: the number and value of properties exposed to risk, natural variability when losses occur, climate change, and man-made loss drivers Analysis highlights key factors that contribute to increase in insured losses: the number and value of properties exposed to risk, natural variability when losses occur, climate change, and man-made loss drivers

Global Average Annual Insured Losses from Extreme Events in Excess of $120 Billion, New Report from Verisk Finds

Specialty Insurance Carrier Uses Verisk's High-Quality, Small Commercial Analytics, Automated Rating Updates, and Enhanced Policy Language to Insure Cannabis and Other Emerging Businesses Specialty Insurance Carrier Uses Verisk's High-Quality, Small Commercial Analytics, Automated Rating Updates, and Enhanced Policy Language to Insure Cannabis and Other Emerging Businesses

Blitz Tackles Growing Cannabis Insurance Market with Verisk Solutions

JERSEY CITY, N.J., Sept. 19, 2022 (GLOBE NEWSWIRE) -- Property insurance adjusters can further accelerate and refine their claims handling in Verisk's Xactimate solution by using interactive, 3-D models and detailed content inventories from Yembo, the global leader in virtual home surveys and inspections.

Verisk Continues to Expand Its Property Estimating Ecosystem with Integration of Yembo's 3-D Models and AI-Driven Insights

JERSEY CITY, N.J., Sept. 15, 2022 (GLOBE NEWSWIRE) -- Insurers looking to find opportunities for profitable growth amid economic volatility can now leverage new insights from Verisk (Nasdaq: VRSK), a leading global data analytics provider. Verisk has launched Profitability Advisor on the MarketStance Commercial Insight platform, further enhancing an already powerful commercial lines market analysis tool.

Insurers Can Now Target Both Profitability and Growth with Enhanced Verisk Solution

Verisk Solution Enables Homeowners Insurers to Quickly Access Claims-Driven Replacement Cost Estimates through Duck Creek's Content Exchange Verisk Solution Enables Homeowners Insurers to Quickly Access Claims-Driven Replacement Cost Estimates through Duck Creek's Content Exchange

Verisk Announces Expanded Integration of 360Value® on Duck Creek Platform

Join executives from QatarEnergy, Anglo American, Capricorn Energy PLC and Bank of America as event covers current energy market trends and outlook Join executives from QatarEnergy, Anglo American, Capricorn Energy PLC and Bank of America as event covers current energy market trends and outlook

Industry leaders to speak at Wood Mackenzie's Energy & Natural Resources Summit: EMEA 2022

Tech-enabled Managing General Agent Gains a Better View of Risk with Verisk's Ecosystem of Pricing and Underwriting Tools Tech-enabled Managing General Agent Gains a Better View of Risk with Verisk's Ecosystem of Pricing and Underwriting Tools

Aurenity Leverages Verisk Solutions for Risk Insight and Pricing in E&S Market

Strategic buyouts and shareholder-friendly measures boost Verisk (VRSK). However, low liquidity is a downside.

Here's Why Investors Should Hold on to Verisk (VRSK) Stock

Verisk (VRSK) reported earnings 30 days ago. What's next for the stock?

Why Is Verisk (VRSK) Down 5.2% Since Last Earnings Report?

New Survivorship Variable Universal Life Policy Pre-Configured with Tax Rules to Help Simplify Estate Planning New Survivorship Variable Universal Life Policy Pre-Configured with Tax Rules to Help Simplify Estate Planning

M Financial, Pacific Life Launch Life Insurance Product for High-Net-Worth Market with Verisk's FAST Technology Platform

Strong organic growth and acquisitions aid Verisk (VRSK). Weakness in its current ratio is a woe.

Strategic Buyouts Boost Verisk (VRSK), Low Liquidity Ails

New insurer employs data-forward strategy to support faster, more reliable quoting in a challenging market New insurer employs data-forward strategy to support faster, more reliable quoting in a challenging market

VYRD Launches Homeowners Insurance in Florida Powered by Verisk Data

LONDON, Aug. 22, 2022 (GLOBE NEWSWIRE) -- Leading global data analytics provider Verisk (Nasdaq: VRSK) has been recognised as one of the 2022 UK's Best Workplaces™ for Women by Great Place to Work® UK. The award honours Verisk as a trusted organisation where employees are able to reach their full potential, no matter who they are or what they do.

Verisk Named One of 2022 UK's Best Workplaces™ for Women

JERSEY CITY, N.J., Aug. 18, 2022 (GLOBE NEWSWIRE) -- Verisk (Nasdaq: VRSK) today announced that Olumide Soroye has been appointed independent director of the company's Board of Directors effective immediately. Soroye brings three decades of leadership experience across multiple industries.

Verisk Welcomes Olumide Soroye to Its Board of Directors

Join executives from SENEX Energy, South32, Fluence and Barclays as event looks at the Asian Pacific commodities outlook Join executives from SENEX Energy, South32, Fluence and Barclays as event looks at the Asian Pacific commodities outlook

Industry leaders to speak at Wood Mackenzie's Asia Pacific Energy and Natural Resources Summit

JERSEY CITY, N.J., Aug. 15, 2022 (GLOBE NEWSWIRE) -- Verisk (Nasdaq: VRSK), a leading global data analytics provider, and the National Insurance Crime Bureau (NICB) have renewed their strategic relationship to help combat organized insurance fraud. The NICB is the insurance industry's association dedicated to investigating and combatting insurance crime.

Verisk and NICB renew strategic relationship to help insurers fight insurance fraud

Prestigious International Annual Awards Program Recognizes Standout Marketing, Advertising and Sales Technology Around the World Prestigious International Annual Awards Program Recognizes Standout Marketing, Advertising and Sales Technology Around the World

Verisk's Consumer Identity Management Business, Infutor, Named “Best Contact Database Company” in 2022 MarTech Breakthrough Awards Program

JERSEY CITY, N.J., Aug. 08, 2022 (GLOBE NEWSWIRE) -- As the economy and workplace evolve with the growth of artisanal entrepreneurs, new technologies and gig economy side hustles, so have the exposures that insurers face. To help insurers address these risks, Verisk (Nasdaq: VRSK) is revising its ISO Businessowners Program (BOP) with nearly 60 new optional endorsements added, revisions to dozens of existing endorsements and changes to the base coverage form.

Verisk Enhances ISO Businessowners Program to Help Carriers Rate Risk with Greater Accuracy in Evolving Business Climate

Association harnesses Verisk's solutions to facilitate efficient, effective claims processing for policyholders of insolvent insurers Association harnesses Verisk's solutions to facilitate efficient, effective claims processing for policyholders of insolvent insurers

Louisiana Insurance Guaranty Association Implements Verisk Property Estimating Solutions to Streamline Claims Handling

Verisk's (VRSK) Q2 earnings surge year over year owing to growth within the business, lower provision for income taxes, a decline in interest expenses and a fall in average share count.

Verisk's (VRSK) Q2 Earnings Beat Estimates, Increase Y/Y

Verisk Analytics, Inc. (NASDAQ:VRSK ) Q2 2022 Earnings Conference Call August 3, 2022 8:30 AM ET Company Participants Stacey Brodbar - Head of IR Lee Shavel - CEO Mark Anquillare - President and COO David Grover - Controller, CAO and Interim CFO Conference Call Participants Heather Balsky - Bank of America Alex Kramm - UBS Toni Kaplan - Morgan Stanley Manav Patnaik - Barclays Jeff Silber - BMO Capital Markets Faiza Alwy - Deutsche Bank Andrew Jeffrey - Truist Securities Jeff Meuler - Baird Andrew Nicholas - William Blair Andrew Steinerman - JPMorgan Hans Hoffman - Jefferies Operator Good day, everyone, and welcome to the Verisk Second Quarter 2022 Earnings Results Conference Call. This call is being recorded.

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