Press Releases

BOSTON, Nov. 16, 2020 — Catastrophe modeling firm AIR Worldwide (AIR) today released its 2020 Global Modeled Catastrophe Losses report, detailing key loss metrics from AIR’s global industry exceedance probability (EP) curve. Based on the report, AIR estimates that the global modeled insured average annual loss from catastrophes worldwide is nearly USD 100 billion. The 1 percent aggregate exceedance probability insured loss (or the 100-year return period loss) is nearly USD 301 billion. The 2020 report derives its loss metrics from the most current suite of global property and crop models from AIR, including new models and updates released during 2020 as well as databases of property values for more than 110 countries; the report excludes losses from AIR’s pandemic, cyber, and casualty models. AIR Worldwide is a Verisk (Nasdaq:VRSK) business.

London, UK, November 12, 2020: After two years in development, global risk data and forecasting company Verisk Maplecroft has released the world’s only Subnational Human Rights Dataset to enable multinational organizations and financial institutions to undertake risk assessments of their global operations, supply chains and investments in more granular detail than has been possible to date.

JERSEY CITY, N.J., and NEW YORK, November 11, 2020 — Verisk (Nasdaq:VRSK), a leading data analytics provider, and WOMBA, nationally recognized as a leader in the medical data aggregation and interoperability sector, announced plans to commence development efforts to use consumer authorized, electronic health record (EHR) data aggregated by WOMBA to help power Verisk’s EHR Triage Engine, a new tool underwriters can use to fast-track many life insurance applications.

JERSEY CITY, N.J., November 4, 2020 — Verisk (Nasdaq:VRSK), a leading data analytics provider, today announced results for the third quarter ended September 30, 2020.

London — October 28, 2020 — Innovation Group, a leading global InsurTech and specialist insurance services business, has signed an agreement with Verisk, a leading data analytics provider.

JERSEY CITY, N.J., October 27, 2020 — Net income for the private U.S. property/casualty insurance industry dropped 26% in the first half of 2020, as the effects of COVID-19 began to hurt insurer underwriting results and investment gains, according to Verisk (Nasdaq:VRSK), a leading data analytics provider, and the American Property Casualty Insurance Association (APCIA).

LONDON, October 20, 2020 — Verisk (Nasdaq:VRSK), a leading data analytics provider, today announced that Davies, the leading specialist professional services and technology firm, has signed a three-year agreement to renew and broaden its use of Verisk solutions, including for remote-working operations. The new contract means the company’s Xactware solutions will now, for the first time, support Davies to accelerate loss validation, estimation, loss adjustment, and repair fulfilment as well as improve customer collaboration through a dedicated live customer portal.

BOSTON, Oct. 14, 2020 — Catastrophe risk modeling firm AIR Worldwide estimates that industry insured losses to onshore property resulting from Hurricane Delta’s winds and storm surge will range from USD 1 billion to USD 3 billion. AIR Worldwide is a Verisk (Nasdaq:VRSK) business.

Jersey City, NJ -- October 14, 2020 – FAST, a Verisk (Nasdaq:VRSK) business, announced today that Lincoln Heritage Life Insurance Company, a leading provider of whole life insurance, is in production with FAST’s electronic Application (eApp). The implementation is the first step in a multi-phase legacy transformation program at Lincoln Heritage, which will also include FAST’s distribution management and policy administration.

JERSEY CITY, NJ and DEARBORN, MI, October 13, 2020 – Verisk (Nasdaq:VRSK), a leading data analytics provider, today announced that Ford Motor Company (NYSE:F) has joined the Verisk Data Exchange™. Owners of eligible Ford and Lincoln vehicles will soon have easy access to usage-based insurance programs from the many U.S. auto insurers that connect to the Exchange—including three of the ten largest U.S. carriers.

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