LEHI, Utah — June 30, 2020 — The global pandemic and damage from winds and hurricanes had a profound impact on property claims and pricing trends throughout 2020, according to Xactware’s recently released 2020 Property Report for the United States. The volume of property estimates processed by Xactware, a Verisk (Nasdaq:VRSK) business, peaked in August with 883,128 claims, totaling $9.44 billion, the report shows.
JERSEY CITY, N.J., June 23, 2021 — As the pandemic has raised consumers’ digital expectations, personal auto insurers now have an easier way to bring faster, single-step, point-of-quote experiences to many shoppers — in two minutes or less. Verisk (Nasdaq:VRSK), a leading global data analytics provider, and Guidewire, the platform Property/casualty insurers trust to engage, innovate, and grow efficiently, have added LightSpeed® Personal Auto to the Ready for Guidewire-validated accelerators available from Verisk in the Guidewire Marketplace.
Jersey City, N.J., June 23, 2021 – Verisk (Nasdaq:VRSK), a leading global data analytics provider, has launched the next generation of its advanced telematics scoring model: The DrivingDNA® Score. With an associated rating rule and expansive state rollout plan already underway, the updated and enhanced score can make usage-based insurance (UBI) market entry and expansion easier with straightforward implementation and a single API.
LONDON/HOUSTON/SINGAPORE, 22 JUNE, 2021 – Wood Mackenzie, a Verisk business (Nasdaq:VRSK), is now offering Refinery I/O, a new tool providing daily refinery analytics from proprietary data sets.
BOSTON, June 22, 2021 — Catastrophe modeling firm AIR Worldwide announced that it has updated its Terrorism Model for the United States to more comprehensively model the extent of damage from conventional bomb blast attacks. Starting with the size and location of the bomb, the model propagates the appropriate blast intensity within a built environment from the exterior to the interior of buildings to yield damage and loss estimates, including property damage and workers’ compensation, and personal injury. AIR Worldwide is a Verisk (Nasdaq:VRSK) business.
LONDON/HOUSTON/SINGAPORE, 21st June 2021 – Wood Mackenzie, the leading provider of commercial intelligence for the world’s natural resources sector, today welcomes Quinbrook Infrastructure Partners as a development partner for the industry-leading Lens decision intelligence platform.
JERSEY CITY, N.J., June 17, 2021 — In an evolving insurance workforce, insurers can now more efficiently onboard, train and develop employees on critical ISO solutions, thanks to Verisk (Nasdaq:VRSK), a leading global data analytics provider. ISO, a Verisk business, announced today that participating insurers can now integrate over 140 e-learning courses from ISO Education as part of their existing subscription.
LONDON, 16 June, 2021 — The insurance landscape has gone through an incredible transformation, which has only accelerated over the last 15 months. Beginning Wednesday, 16 June, insurance leaders will gather weekly online at the Verisk Vision conference to discuss important issues facing the U.K. insurance industry. This annual conference is hosted by Verisk (Nasdaq:VRSK), a leading global provider of predictive analytics and decision-support solutions.
JERSEY CITY, N.J., June 14, 2021— The member companies of the Utica National Insurance Group are accelerating the digital transformation of its underwriting process with an ecosystem of robust data solutions from Verisk (Nasdaq: VRSK), a leading global data analytics provider. Utica National is using LightSpeed® Small Commercial from Verisk to help automate underwriting, improve customer and agent experiences, and ultimately reach the finish line in the “race to zero” questions needed on small commercial insurance applications.
JERSEY CITY, N.J., and MADISON, Wis. — June 3, 2021 — Phoenix Restoration Equipment, a top provider of line equipment, and Verisk (Nasdaq: VRSK), a leading global provider of predictive analytics and decision-support solutions, today announced a new integration to help streamline and enhance restoration job management and reporting for commercial and residential restoration professionals that handle water, mold and fire restorations.