CORPORATE RESPONSIBILITY
Supporting Better Insurance Outcomes for Consumers

Making insurance work better

From fighting fraud to promoting fairness and affordability, Verisk helps make insurance work better for consumers and business owners. Our technology, data analytics, and people help create a more transparent and affordable insurance system.

Enabling more affordable insurance for consumers

Supporting fair pricing

Insurance underwriting is key to making insurance available and affordable, and Verisk is integral to this process. Our actuaries, data scientists, and data-driven solutions support fair pricing and make it easier for consumers to compare pricing and coverage.

Adding efficiences

We help insurers operate more efficiently, reducing unnecessary costs and complexity in the insurance process. This can help insurers manage expenses more effectively and contribute to more affordable insurance for consumers.

Rewarding mitigation efforts

Verisk also administers FEMA’s National Flood Insurance Program (NFIP) Community Rating System, which provides NFIP policyholders with premium discounts for making their communities more resilient to flooding.

Reducing the hidden cost of insurance fraud

Consumers ultimately bear the cost of insurance fraud as an unfair tax. Using unique data and analytic models, Verisk enables insurers to detect insurance fraud, process valid claims faster, and reduce payments of fraudulent claims.

Regulators and law enforcement use this intelligence to strengthen anti‑fraud enforcement, which protects consumers and helps remove criminals and bad actors from the marketplace.

Improving resilience and fostering competition

Faster repair and recovery

Verisk’s property estimating tools analyze millions of current data points and claims to help insurers fairly and accurately value repairs, helping homeowners recover faster after damage or disasters.

Stronger communities

Our catastrophe models help insurers, nonprofits, and governments better understand risk and mitigation, supporting smarter planning and stronger community resilience.

Stable insurance markets

We provide insights that regulators can use when evaluating market stability and systemwide risk exposure.

Better coverage options

By combining data, research, and industry expertise, Verisk helps insurers compete more effectively, driving efficiency, innovation, and better insurance options for consumers. Healthy competition among insurers encourages efficiency and innovation, which can help control costs and support more affordable insurance options.

Promoting fair and consistent outcomes

Through strong oversight practices, carefully-built models, and responsible use of AI, Verisk helps insurers make fair decisions that are easier to understand.
Our analytical models are tested to minimize unintended bias and reduce unnecessary differences in outcomes. By applying consistent standards across the industry, Verisk helps insurers make decisions using clear standards and well-tested data.

Consumer Benefits Fair And Consistant Outcomes

Strengthening insurance for consumers

A durable insurance market isn’t just good for consumers and business owners, it’s essential to the economy. For more than 50 years, Verisk has worked with insurers, insurance partners, and regulators to support competition, consumer choice, and effective mitigation by turning data into insights.

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CORPORATE RESPONSIBILITY Supporting Better Insurance Outcomes for Consumers