CORPORATE RESPONSIBILITY

Responsible Business

Our ongoing commitment to responsible business practices

Verisk serves as a trusted partner, positioned at the forefront where people, data, and advanced technology converge. As such, we are continuously enhancing our governance strategy, demonstrating our ongoing commitment to responsible business practices.

Governance highlights

Board of Directors

Verisk is proud to maintain a Board of Directors with the broad range of skills, expertise, and industry knowledge that is needed for our business to succeed. All Verisk directors meet the Nasdaq definition of independence, except for Lee Shavel, Verisk’s CEO. The Board includes an independent Chair of the Board and six committees: Audit; Compensation; Executive; Finance and Investment; Governance, Corporate Sustainability, and Nominating; and Risk.

Meet the members of Verisk’s Board

Internal Audit

Verisk’s Internal Audit Department, which adheres to The Institute of Internal Auditors (IIA) Global Internal Audit Standards and Code of Ethics, evaluates whether our risk management, control, and governance processes, as designed and promulgated by management, are adequate and functioning in a manner that ensures the appropriate outcomes.

Risk Management

Verisk conducts an annual risk survey facilitated by its internal Enterprise Risk Management (ERM) department. As part of this process, business unit management identify key internal and external risks and assess their likelihood and potential impact. Following an extensive review, analysis, and prioritization by the executive team and the Board, the organization’s mission-critical risks are identified. The Board then receives regular updates on the external risk landscape, trends, and internal risk indicators for mission-critical risks.

Business Continuity

Verisk has a robust Business Continuity Program (BCP), designed to ensure the continuity of critical business processes in the event of an incident rendering facilities inaccessible, computer systems inoperable, and/or employees unavailable. The BCP is enacted immediately upon the reporting of an incident, initiating an evaluation and escalation process to assess the severity and potential impact of the crisis.

Policies and Commitments

Verisk knows that effective governance rests on clear, publicly available policies and codes of conduct to communicate our ethical expectations and ensure the safety of our people. We regularly review and update our policies, which are consolidated in our Resources and Reporting Hub. In addition to these policies, Verisk has an extensive security and compliance framework, mandatory annual training for our employees and contractors, and a whistleblower hotline maintained by an independent third party.

For information on our whistleblower hotline:

Reporting site

Download policy

Improving insurance for consumers

Responsible business also means supporting competition and consumer choice in the insurance industry. We strive to make insurance work better for consumers and business owners.

Learn more about how we support better outcomes for consumers.

Learn more

Improving insurance for consumers

Human rights

Our commitment to being a responsible business includes the protection of the inherent dignity and fundamental human rights of our employees and all people in our supply chain.

Learn more about our Human Rights Policy

Learn more about Verisk’s Statement on Modern Slavery

Human rights