About Verisk Insurance Solutions 

Verisk Analytics corporate headquarters is in the ISO Building in Jersey City, New Jersey.
Verisk Analytics corporate headquarters is in the ISO Building in Jersey City, New Jersey.

Verisk Insurance Solutions is a leading source of information about property/casualty insurance risk. To serve our clients, we draw upon our vast experience in data management and security and our expertise in predictive modeling.  We analyze data and present information in formats our customers can use.  And we develop practical tools that integrate into our customers’ workflow.

In the United States and around the world, our products help customers protect people, property, and financial assets.

Verisk Insurance Solutions operates through eight units that offer risk-assessment services and decision analytics to professionals in many disciplines throughout the property/casualty insurance industry.

ISO
ISO serves insurers, reinsurers, agents and brokers, insurance regulators, risk managers, and other participants in the property/casualty insurance marketplace. Here's an outline of ISO’s products and services:

  • data to help insurers make independent decisions about their pricing
  • statistical and actuarial services
  • insurance policy language
  • rules needed to write and rate insurance policies
  • tools for predictive modeling and scoring of risk
  • information about specific properties and communities
  • claims data and other information for underwriting
  • tools for identifying and preventing insurance fraud
  • criminal records and other public information
  • information for marketing, loss control, and premium audit
  • risk consulting services

Atmospheric and Environmental Research (AER)
Atmospheric and Environmental Research (AER) is a leading source of research and services that further understanding of the global environment and enable better decision making in response to weather and climate-related risk.

AER’s areas of expertise include:

  • weather and climate prediction and dynamics
  • ocean modeling and data analysis
  • air quality and risk assessment
  • remote sensing
  • sensor design and data analysis
  • modeling of the atmospheres of planets, satellites, and comets
  • evaluation of the effects of the atmosphere on communications systems

AER’s science applications have fundamentally influenced the way businesses, researchers, and national governments interpret the earth around us. For property/casualty insurers, AER offers a variety of short-range and long-range weather forecasts as well as tailored studies to assess regional effects of climate change and related market risks.

AIR Worldwide
AIR Worldwide is the technological leader in catastrophe modeling.

AIR pioneered the development and application of probabilistic catastrophe modeling, which revolutionized the way insurers, reinsurers, and financial institutions manage their catastrophe risk. AIR’s leading-edge models of global natural hazards form the basis of its software systems. Those systems can help customers identify, quantify, and plan for the financial consequences of catastrophic events.

AIR has models for more than 50 countries throughout North America, the Caribbean, South America, Europe, and the Asia-Pacific region.

And AIR also models man-made perils. The AIR Terrorism Loss Estimation Model estimates losses from possible terrorist attacks.

Crowe Paradis Services Corporation (CPSC)
Crowe Paradis Services Corporation (CPSC) provides a variety of Medicare claims analysis and compliance services to many of the largest property/casualty insurance companies, third-party administrators, and self-insured companies.

HealthCare Insight (HCI)
HealthCare Insight (HCI) offers services that help insurers detect fraud, abuse, and overpayment in medical claims — and avoid ever paying improper claims.

Insurance Information Exchange (iiX)
Insurance Information Exchange (iiX) delivers motor vehicle reports (MVRs), undisclosed driver reports, credit scoring, and other information insurers need to underwrite auto and property risks.

Quality Planning
Quality Planning (QPC) supplies tools and services that help auto insurers identify rating errors, recover lost premium, and minimize future losses. QPC helps clients increase revenues from their existing rating plans and charge a fair price to the policyholder based on a true representation of the risk.

Xactware
Xactware provides computer software for professionals involved in estimating all phases of building and repair. In 1986, Xactware opened for business with its flagship estimating system, Xactimate. Xactimate helped contractors and insurance adjusters estimate the cost of repairs and reconstruction faster and more accurately than ever before. In the years since its introduction, Xactimate has evolved into a high-powered package complete with a patented plan-sketching program. Eighty percent of insurance repair contractors and 15 of the top 20 property insurers use Xactimate to calculate the cost of repairs. Today Xactware offers a wide variety of software and systems for estimating and management.

For more information . . .
. . . about Verisk Insurance Solutions — or to get in touch with a sales representative — contact Verisk. You can also call us at 1-800-888-4476.