Verisk Analytics Stock Price, News & Analysis

Verisk (Nasdaq: VRSK) has enhanced its ClaimSearch® solution, enabling property/casualty insurers to streamline claims processing by integrating first notice of loss (FNOL) data. This enhancement utilizes insurer-contributed FNOL data along with telematics from partners like Driver Technologies, facilitating efficient claims handling. The initiative leverages Verisk's secure cloud network, requiring minimal technology resources from insurers. With over 1,600 subscribers covering more than 90% of the U.S. P&C market, Verisk aims to reduce data entry errors and promote automation in claims workflows.

Verisk (Nasdaq: VRSK) has announced a new integration that enhances its claims-handling solutions, Xactimate and XactAnalysis, by incorporating Loveland Innovations’ IMGING property inspection platform. This integration allows insurance adjusters and contractors to access complete 3-D models and measurements of properties, expediting the estimate creation process and ensuring safety by eliminating the need to access roofs. The collaboration aims to offer a flexible, data-driven solution for the property industry, promoting efficiency and accuracy in estimating.

Infutor, a Verisk business, announced the launch of its Identity Resolution application, designed to enhance and activate first-party data within the Snowflake Data Cloud. This application is developed using Snowflake's Native Application Framework, promoting secure integration of data sets including identity data. Infutor’s capabilities allow marketers to maintain data privacy while gaining comprehensive customer insights. Following Verisk's acquisition of Infutor earlier this year, the integration aims to provide unique value to marketing professionals.

Verisk’s LightSpeed Small Commercial has partnered with West Bend Mutual Insurance Company to enhance underwriting processes. This innovative platform offers a robust data-driven approach, streamlining insurance applications from days to seconds through automation. The AI and machine learning capabilities allow insurers to leverage unstructured data and gain insights into risk exposures. The collaboration emphasizes Verisk's reputation for high-quality data and analytics in the insurance landscape.

Verisk and LIMRA Announce Partnership

On June 7, 2022, Verisk (VRSK) and LIMRA formed a multi-year partnership aimed at enhancing fraud protection for insurers and recordkeepers. This collaboration focuses on improving technology and data insights to combat account takeover (ATO) fraud, particularly in life insurance and retirement accounts. LIMRA's FraudShare, serving 53 companies, will integrate with Verisk's FAST platform, offering real-time access to threat intelligence. This initiative aims to strengthen anti-fraud solutions and address evolving fraud threats in financial services.

Verisk (Nasdaq: VRSK), a global data analytics provider, announced its leaders will present at three investor conferences on June 6-7, 2022. Bill Churney and Matthew Moshiri will present at the Barclays Business Services ESG Summit on June 6 at 2:30 p.m. Eastern time. CEO Lee M. Shavel will speak at the William Blair's 42nd Annual Growth Stock Conference on the same day at 5 p.m. Eastern time. Additionally, Mark V. Anquillare will present at Baird’s 2022 Global Consumer, Technology & Services Conference on June 7 at 2 p.m. Eastern time. Interested listeners can access the live webcasts on Verisk's investor website.

Rich Della Rocca is set to retire from Verisk (Nasdaq: VRSK) on July 1, 2022, after a 27-year tenure at the company. Maroun Mourad will take over as President of Claims Solutions, bringing extensive experience gained since joining Verisk in 2015. Mourad has held several leadership positions, enhancing Verisk's standing in insurance markets. He aims to strengthen customer experience through innovations in claims processes. Della Rocca's retirement marks the end of a significant era, having contributed to building a global claims business.