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Verisk Analytics (VRSK) delivers data-driven solutions for risk assessment and operational optimization across insurance, energy, and financial sectors. This news hub provides investors and professionals with authoritative updates on corporate developments, strategic initiatives, and technological advancements.
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Key updates on predictive modeling breakthroughs, catastrophe risk assessments, and fraud detection technologies. Bookmark this resource for verified information about underwriting tools, claims management systems, and data standardization efforts shaping risk intelligence.
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Verisk (Nasdaq:VRSK) will report its fiscal fourth quarter results for 2020 on February 23, 2021, after market close. The detailed financial information will be available on their investor website. A live audio webcast is scheduled for February 24, 2021, at 8:30 a.m. EST to discuss the results and business highlights. Verisk provides data analytics solutions across multiple sectors, with 70% of the FORTUNE 100 utilizing its services to enhance operational efficiency and manage risks. The company celebrates its 50th anniversary, emphasizing its commitment to diversity and inclusion.
Verisk (Nasdaq:VRSK) has launched the Mitigate website, offering fire departments across the U.S. complimentary access to advanced analytics and visualization tools. This platform provides vital data to help communities benchmark their Public Protection Classification (PPC) scores, facilitating informed decisions about fire safety investments. Features include a PPC dashboard for performance insights, interactive maps for fire protection area analysis, and educational resources for ongoing training. The Mitigate platform aims to enhance local fire safety and potentially reduce community insurance costs.
Verisk (Nasdaq: VRSK) has introduced a new delivery model that enhances the purchase experience for usage-based insurance (UBI) for connected cars. Utilizing telematics data from the Verisk Data Exchange and underwriting data from LightSpeed Auto, insurers can now streamline the UBI buying process. This integration provides real-time data on drivers and vehicles, improving quote throughput and customer experience without upfront driving observation periods. The solution aims to boost efficiency, combat underwriting fraud, and foster profitable growth in the insurance sector.
NTT DATA Services is collaborating with FAST, a Verisk company, to enhance digital Third-Party Administration (TPA) and Business Processing as a Service (BPaaS) for the insurance and annuity sectors. This partnership will utilize FAST’s microservices-based platform to boost efficiency, innovation, and customer experience for life insurers. NTT DATA aims to streamline back-office operations and facilitate rapid product launches. Key features include flexible operations, direct access for insurers, and regular platform upgrades to support evolving market needs.
Verisk (Nasdaq: VRSK) has announced its acquisition of Jornaya, a leader in consumer behavioral data. This strategic move aims to enhance Verisk's marketing solutions for the insurance and financial services sectors, enabling clients to engage customers more effectively based on behavioral insights. With this acquisition, Verisk intends to improve customer acquisition and retention through tailored marketing strategies. The transaction will proceed subject to customary closing conditions.
Verisk (Nasdaq: VRSK) has announced that Nationwide has joined its Cyber Data Exchange, enhancing the insurance industry's understanding of cyber risk. Nationwide will contribute premium and loss records to aggregate data while gaining access to analytics tools for better risk management and product development. This initiative aims to tackle challenges related to cyber exposure, improve pricing, and bolster solutions for consumers and businesses. By collaborating with leading insurers like Nationwide, Verisk enhances its marketplace intelligence on cyber insurance.
Verisk (NASDAQ: VRSK) has been recognized as a Great Place to Work for the fifth consecutive year, reflecting its strong workplace culture driven by core values of service, value addition, and innovation. Approximately 90% of employees reported a positive experience, supporting the company’s commitment to fostering a high-trust environment. Verisk's global operations span over 30 locations, focusing on data analytics for insurance, energy, and financial services. The company is also engaged in sustainability efforts, including a commitment to carbon neutrality and initiatives aimed at supporting employee well-being during COVID-19.
Verisk (Nasdaq: VRSK) has entered an exclusive partnership with BlueVoyant, enhancing its Cyber Solutions Suite with advanced cybersecurity data and analytics. This collaboration allows Verisk to provide insurers with real-time insights into cyber risks affecting their clients. By integrating BlueVoyant's monitoring technology, insurers can better understand and model risk exposures. Verisk's suite leverages data from over 100 million businesses to offer comprehensive analytics on underwriting and risk management in the rapidly evolving cyber insurance sector.
