JERSEY CITY, N.J., January 19, 2012 — Verisk Analytics (Nasdaq:VRSK), a leading source of information about risk, has formed the Verisk Underwriting Solutions division. The division was created to respond to customers’ desire for greater support of their underwriting processes and to develop the next-generation underwriting platform and solutions set.
“As the business requirements of our customers evolve, Verisk continues to innovate and align its considerable resources,” said Verisk Analytics President and Chief Operating Officer Scott Stephenson. “The Verisk Underwriting Solutions division provides the integrated capabilities and tools our customers need to better identify and manage risk.”
The Verisk Underwriting Solutions division encompasses the company’s property/casualty underwriting offerings, including:
The Verisk Underwriting Solutions division is headed by division president Neil Spector. Spector was formerly chief sales officer of the Verisk Insurance Solutions unit, where he was responsible for sales strategy and operations across Verisk’s property/casualty insurance divisions. “Our goal is to provide a more integrated set of services to address our customers’ entire underwriting process,” said Spector.
In his new capacity, Spector reports to Jim Loveland, senior vice president and group executive of Verisk Analytics. Loveland, who is also president and chief executive officer of Xactware Solutions Inc., is responsible for both Xactware and Verisk Underwriting Solutions.
“Designed to highlight Verisk’s comprehensive portfolio of services for the property/casualty industry, the Verisk Underwriting Solutions division is an alignment of insurance expertise, technology, data, and innovative services within our diverse enterprise,” said Loveland. “I’m confident the Verisk Underwriting Solutions division will position Verisk to generate new resources and more business value for our customers.”
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. For more information, visit www.verisk.com.
MWW Group (for Verisk Analytics)
Treasurer and Head of Investor Relations
Verisk Analytics, Inc.