Verisk Named People’s Choice Innovation Vendor of the Year by Insurance Nexus

December 10, 2018 / 2 min read

JERSEY CITY, N.J., December 10, 2018 — Verisk (Nasdaq:VRSK), a leading data analytics provider, was named the People’s Choice Innovation Vendor of the Year at the Insurance Innovation Awards 2018. The award, sponsored by Insurance Nexus, a global provider of insights and events for the insurance industry, acknowledges the solution provider that has demonstrated exceptional innovation within insurance over the past year.

“Verisk’s innovation spans the entire insurance value chain from underwriting through claims,” said Mark Anquillare, executive vice president and chief operating officer of Verisk. “Our products and platforms help our customers take on industry disruption and compete effectively in a rapidly changing world. The innovation award is powerful validation that our solutions are making an impact on the industry.”

Verisk’s InsurTech solutions are grounded in cutting-edge data management expertise, new technology platforms, and advanced data science methods. Solutions reflect efforts across multiple fields of innovation, including the emerging Internet of Things (IoT) and traditional underwriting, to help boost efficiency and improve the policyholder experience.

In IoT, the Verisk Data Exchange™ holds a growing repository of connected car and other data collected and normalized for a wide range of efficient and customer-focused insurance applications. One of those applications is Verisk’s Instant Notice of Loss (INOL) solution, which can connect a customer who has been in an accident with his or her insurance company, right from the scene of the accident. Insurers can assist the customer initiating the claim and enable the policyholder with services such as towing, finding a repair shop, rental car, and more.

Verisk innovation has also led to new workflow solutions that can help make underwriting and buying insurance faster and more efficient. One example is LightSpeed™ Auto, a real-time underwriting platform that leverages multiple sources of information to quickly deliver bindable quotes and provide a process that’s easy for applicants.

The innovation award was announced November 28 during the Connected Insurance USA Summit in Chicago.

For more information about Verisk innovations, visit www.verisk.com/insurance.

About Verisk
Verisk (Nasdaq:VRSK) provides predictive analytics and decision-support solutions to customers in the insurance, energy and specialized markets, and financial services industries. More than 70 percent of the FORTUNE 100 relies on the company’s advanced technologies to manage risks, make better decisions and improve operating efficiency. The company’s analytic solutions address insurance underwriting and claims, fraud, regulatory compliance, natural resources, catastrophes, economic forecasting, geopolitical risks, as well as environmental, social, and governance (ESG) matters. Celebrating its 50th anniversary, the company continues to make the world better, safer and stronger, and fosters an inclusive and diverse culture where all team members feel they belong. With more than 100 offices in nearly 35 countries, Verisk consistently earns certification by Great Place to Work. For more: Verisk.com, LinkedIn, Twitter, Facebook, and YouTube.

Contact:
Brett Garrison
Edelman (for Verisk)
917-639-4903
Brett.Garrison@edelman.com