Insurance Press Releases

BOSTON, July 24, 2017 — Catastrophe risk modeling firm AIR Worldwide today announced that it has released the industry’s first comprehensive severe thunderstorm model for Australia that explicitly captures all three sub-perils—hail, tornado, and straight-line wind to help companies assess and manage severe thunderstorm risk. AIR Worldwide is a Verisk Analytics (Nasdaq:VRSK) business.

JERSEY CITY, N.J., June 26, 2017 — The private U.S. property/casualty insurance industry saw its net income after taxes drop to $7.7 billion in first-quarter 2017 from $13.4 billion in first-quarter 2016—a 42.2 percent decline—and its overall profitability as measured by its annualized rate of return on average policyholders’ surplus fall to 4.4 percent from 7.9 percent, according to ISO, a Verisk Analytics (Nasdaq:VRSK) business, and the Property Casualty Insurers Association of America (PCI).

JERSEY CITY, N.J., June 6, 2017 — Verisk Insurance Solutions, a leading source of information about property/casualty insurance risk, today announced an alliance with TomTom Telematics, one of the world’s leading telematics solution providers. Through the alliance, fleet owners can choose to flow driving data collected by the TomTom Telematics Service Platform with WEBFLEET®, the company’s Software-as-a-Service (SaaS) fleet management solution, into the Verisk Data ExchangeTM. This will provide TomTom WEBFLEET subscribers access to fleet insurance benefits and operational safety feedback. Verisk Insurance Solutions is a Verisk Analytics (Nasdaq:VRSK) business.

BOSTON, February 14, 2017 — Catastrophe modeling firm AIR Worldwide (AIR) today announced that its earthquake model for Colombia has been approved by the country’s insurance regulator, the Superintendencia Financiera de Colombia, for use by domestic insurance companies in managing their earthquake risk. AIR Worldwide is a Verisk Analytics (Nasdaq:VRSK) business.

JERSEY CITY, N.J., February 8, 2017 — Verisk Insurance Solutions, a Verisk Analytics (Nasdaq:VRSK) business and a Guidewire PartnerConnect Solution partner, announced A-PLUS Auto and Coverage Verifier Auto as the latest Verisk personal lines solutions to successfully complete the Ready for Guidewire accelerator validation process. They join Verisk’s A-PLUS Property loss history solutions suite, which was the first Verisk offering to receive the Ready for Guidewire validation mark.

JERSEY CITY, N.J., December 21, 2016 — Verisk Insurance Solutions, a leading source of information about property/casualty insurance risk, today announced an agreement with Duck Creek Technologies that will enable Duck Creek customers to access the Verisk Data Exchange. Duck Creek will receive driving data and risk scores from Verisk through a Verisk-built application programming interface (API). Participating Duck Creek insurer customers will be able to use the data with consumer consent to identify safe drivers who might be eligible for discounts. Verisk Insurance Solutions is a Verisk Analytics (Nasdaq:VRSK) business.

JERSEY CITY, N.J., December 6, 2016 — Verisk Insurance Solutions, a leading source of information about property/casualty insurance risk, today announced a strategic alliance with Driveway Software. The companies will jointly develop a comprehensive smartphone telematics solution for auto manufacturers (otherwise referred to as original equipment manufacturers, or OEMs), their customers and participating insurers in U.S. and global markets through the Verisk Data Exchange.

JERSEY CITY, N.J., Oct. 24, 2016 — Verisk Analytics, Inc. (Nasdaq:VRSK), a leading data analytics provider, today announced it has acquired Analyze Re, a software analytics provider for the reinsurance and insurance industries. Analyze Re will become part of AIR Worldwide (AIR), a Verisk Analytics business, and will enable AIR to provide its clients with additional real-time pricing, exposure management, and enterprise portfolio roll-up capabilities.

JERSEY CITY, N.J., October 20, 2016 — Verisk Insurance Solutions, a leading source of information about property/casualty insurance risk, announced that Homesite Insurance expanded its use of A-PLUS, Verisk’s claims loss history solution, to conduct loss history evaluations at the beginning of the quoting process. This change in workflow will enhance the experience of Homesite customers while improving operational and sales efficiencies.

JERSEY CITY, N.J. and FOSTER CITY, Calif., September 26, 2016 – Verisk Insurance Solutions, a Verisk Analytics (Nasdaq: VRSK) business, and Guidewire Software, Inc. (NYSE: GWRE), a provider of software products to property/casualty insurers, today announced that Verisk Insurance Solutions has joined Guidewire PartnerConnect as a Solution Partner.