CORPORATE RESPONSIBILITY

Data Stewardship

Our Commitment

Verisk remains steadfast in our commitment to safeguarding the confidentiality, integrity, availability, and responsible use of data. Our rigorous Approach to Cybersecurity is a comprehensive framework comprising cyber risk governance, risk identification and management, risk prevention and protection, monitoring and detection, and response and recovery planning. The approach also maintains globally recognized security certifications and contains policies and procedures for all facets of the company and its workforce, including leadership, employees, and third parties conducting business with Verisk.

Our Approach to Cybersecurity

Our commitment to responsible data gathering and analytics is rooted in our core principles.

Safeguarding data

We protect the security and privacy of all types of data we collect with innovative technologies and sophisticated procedures.

Strong internal governance

Rigorous data governance processes include dedicated compliance officers and data governance experts, policies, procedures, standards, ongoing security improvements, employee security and compliance training, and diligent third-party vendor management.

Compliance with rules and regulations

We closely adhere to regulations and requirements enacted by federal, state, and local governments as well as international regulatory bodies.

Transparency and trust

We have a long history of working with insurers and regulators in the P&C insurance industry. We continually strive to earn the trust of our clients and the industry by showing the reliability of our data and our dedication to data stewardship.

Acting responsibly

We’re committed to responsibly collecting, managing and storing data entrusted to Verisk’s custody, care, and control. We have internal data validation processes that check for data accuracy and integrity.

Commitment to Ethical and Responsible AI

As a global data, analytics, and technology company, Verisk responsibly leverages AI to drive innovation, complement human capabilities, and enhance efficiency internally and for our clients. Our commitment to ethical and responsible AI disclosure details our comprehensive and consistent governance framework that empowers our teams to capitalize on opportunities AI offers while maintaining our commitment to ethical conduct, fairness, and transparency.

The disclosure details our human-centered values and approach to AI development, our Ethical AI principles, AI governance structure, AI standards, and the AI review processes, among other items. The framework is consistent with our core corporate governance processes to implement strategy, operations, and risk management practices throughout the organization.

For more information, read the complete Commitment to Ethical and Responsible AI.

Download the disclosure

Responsible Data Analytics and Innovation

Verisk has a rigorous commitment to responsible data gathering and analytics, rooted in principles and procedures that safeguard the trustworthy use of data.

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Building resilience with responsible data analytics

Responsible data gathering combined with analytics results in greater resilience for the economy, consumers, and society as a whole. Verisk supports this resilience in several ways.

Assessing climate change

Our catastrophe models are instrumental in helping government and non-governmental organizations understand their community’s loss potential and vulnerability to perils, evaluate risk mitigation strategies, and inform disaster risk financing programs.

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Office Worker Looking At Data In The Evening

Detecting insurance fraud

Insurance fraud is a global, costly economic and social problem that affects everyone—consumers, businesses, and communities. Our robust data, advanced analytics, and innovative technology help insurers and state fraud bureaus detect potential fraud faster.

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