Verisk Analytics Fact Sheet

Verisk Analytics Fact Sheet

Company Overview

Verisk Analytics is a leading provider of information about risk and offers risk assessment services and decision analytics to professionals and risk managers in various fields, including property/casualty insurance, reinsurance, mortgage, healthcare, government, human resources, and supply chain. Through its Verisk Insurance Solutions brand, its flagship ISO business unit, and many other units, Verisk Analytics helps risk-bearing businesses understand and manage their risks.

Verisk Analytics risk assessment products and services include:

  • data and statistical services
  • actuarial services
  • standardized insurance policy programs
  • underwriting information
  • rating integrity tools

Verisk Analytics decision analytics offerings include capabilities for:

  • predicting future losses
  • selecting and pricing risk
  • detecting and preventing fraud
  • quantifying losses that have already happened

Company Profile

  • Ticker Symbol: VRSK
  • Stock Exchange: Nasdaq
  • Headquarters: Jersey City, New Jersey
  • Key Customers: The top 100 property/casualty insurers; the top 10 global reinsurers; 5 of the top 6 mortgage insurers; 14 of the top 20 mortgage lenders; top-tier health plans and third-party administrators; numerous government agencies; 8 of the 10 leading retailers; and 6 of the 10 leaders in global chemical manufacturing
  • Employee Summary: Verisk Analytics employs more than 5,000 people worldwide, and members of our highly skilled workforce hold more than 630 advanced master’s degrees and doctorates in subjects ranging from actuarial science, mathematics, and computer science to physics, engineering, meteorology, and medicine. Verisk employees also hold hundreds of certifications and professional designations in fields related to their work.

Quick Facts

Verisk Analytics holds:

  • more than 500 terabytes of property/casualty insurance data
  • natural catastrophe data and models covering more than 50 countries
  • data on more than 700 million property/casualty claims in its fraud-fighting database
  • estimation tools for 75 percent of property claims settled
  • characteristic and engineering data on 57 million residential and 5.5 million commercial properties
  • information on fire-suppression capabilities for 47,000 communities in the United States

Key Markets

  • Property/Casualty Insurance: The Verisk Insurance Solutions group, comprising ISO and several other business units, offers risk assessment services and decision analytics across the broad spectrum of commercial and personal lines of insurance. Products and services include statistical, actuarial, underwriting, and claims information; policy language; fraud-fighting tools; predictive modeling; climate and weather risk data; motor vehicle, criminal, and public records; services for detecting and correcting rating errors; and tools for estimating property repair and replacement costs.
  • Mortgage: Verisk Analytics provides automated fraud protection, compliance, and decision-support tools for the mortgage industry. The company's Interthinx division interprets and validates data from loan applications and third-party sources to help customers make safe, efficient decisions on loans.
  • Healthcare: The Verisk Health unit of Verisk Analytics is a leading provider of business intelligence and predictive modeling for the healthcare marketplace. Verisk Health supplies analytical and reporting systems that help customers manage medical costs, improve health services, and detect and prevent fraud.
  • Government: Verisk Analytics provides comprehensive data, leading-edge analytics, and decision-support services to the federal government, municipal leaders, insurance regulators, and public- and private-sector customers. In conjunction with federal, state, and local agencies, Verisk Analytics offers crucial information to help solve challenging infrastructure problems and aid in disaster readiness and threat assessment for communities.
  • Risk Management: Verisk Analytics helps customers manage internal and external risk exposures across the organization. Through its ISO and Verisk Insurance Solutions brands, Verisk Analytics provides customers with the tools and capabilities to identify, evaluate, and mitigate risk throughout the enterprise; plan for the financial effects of catastrophic events and business interruptions; control losses; compare an organization's performance against the industry; manage governance, compliance, and regulation issues; and improve financial efficiency.
  • Human Resources: The IntelliCorp unit of Verisk Analytics helps companies and organizations reduce exposure to fraud, workplace violence, and negligent-hiring lawsuits by offering secure, FCRA-compliant online access to criminal records and other public information.
  • Supply Chain: Through its 3E Company unit, Verisk Analytics offers a comprehensive suite of data products and information services that enable improved compliance with global environmental health and safety (EH&S) requirements related to the safe manufacturing, distribution, transportation, use, and disposal of chemicals and hazardous products. The CargoNet unit serves supply chain participants — including manufacturers; transportation, distribution, and warehousing companies; retailers; and their respective insurers — by providing services to help deter theft and increase the chances of recovery. Verisk's Enabl-u Technologies is a leader in loss prevention services for retail, hospitality, grocery, banking, healthcare, and other businesses, as well as law enforcement and government.

Verisk Analytics Reference Links

Descriptive Information

About Verisk Analytics
Verisk Analytics (Nasdaq: VRSK) is a leading provider of information about risk to professionals in insurance, healthcare, mortgage, government, and risk management. Using advanced technologies to collect and analyze billions of records, Verisk Analytics draws on vast industry expertise and unique proprietary data sets to provide predictive analytics and decision-support solutions in fraud prevention, actuarial science, insurance coverages, fire protection, catastrophe and weather risk, data management, and many other fields. In the United States and around the world, Verisk Analytics helps customers protect people, property, and financial assets.

About ISO
Since 1971, ISO has been a leading source of information about property/casualty insurance risk. For a broad spectrum of commercial and personal lines of insurance, the company provides statistical, actuarial, underwriting, and claims information; policy language; information about specific locations; fraud-identification tools; and technical services. ISO serves insurers, reinsurers, agents and brokers, insurance regulators, risk managers, and other participants in the property/casualty insurance marketplace. ISO is a member of the Verisk Insurance Solutions group at Verisk Analytics.

Media Contacts

Susan Kenney Jessica Riccardi
MWW Group for Verisk Analytics
201-507-9500
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MWW Group for Verisk Analytics
201-507-9500
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