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Verisk Analytics, Inc. - VRSK STOCK NEWS

Welcome to our dedicated page for Verisk Analytics news (Ticker: VRSK), a resource for investors and traders seeking the latest updates and insights on Verisk Analytics stock.

Verisk Analytics, Inc. (Nasdaq: VRSK) is a leading provider of data analytics solutions, serving various sectors including insurance, energy, healthcare, financial services, government, and risk management. Leveraging advanced technologies, Verisk collects and analyzes billions of records to deliver predictive analytics and decision support solutions. These solutions are pivotal in areas like fraud prevention, actuarial science, insurance coverages, fire protection, catastrophe and weather risk management, and data management.

Verisk is renowned for its comprehensive suite of tools designed to help insurance providers assess and price risks more accurately, optimize operational efficiency, and improve claim settlement processes. The company's contributory database and proprietary data assets form the backbone of these analytical tools.

Recently, Verisk has taken significant steps to enhance its offerings and expand its market presence. In March 2024, Verisk announced a strategic integration with Seek Now, a claims inspection service, to improve processing times for claim resolutions. This integration is designed to streamline the damage assessment process, offering adjusters increased flexibility and accuracy, leading to better claims outcomes and enriched policyholder experiences.

Further, Verisk launched its Next Generation Models (NGM) in April 2024, a suite of over 100 catastrophe models aimed at improving global catastrophe modeling and risk analysis. These models are part of Verisk's Touchstone platform, which aids insurers and reinsurers in evaluating risks and mitigating potential losses more effectively.

Financially, Verisk reported robust results for the first quarter of 2024, with consolidated revenues of $704 million, up 8%, and adjusted EBITDA of $380 million, a growth of 11.8%. The company's financial health is further reflected in its strategic repurchase of $200 million of common shares and a 15% increase in its cash dividend to 39 cents per share.

Verisk's commitment to innovation and efficiency is evident through its launch of new products, integration with advanced technologies, and continuous expansion of its global footprint. The company remains a vital partner in helping clients navigate complex risk landscapes, enhance resilience, and make informed decisions about global risks including climate change, extreme events, and political issues.

To stay updated with the latest news and developments about Verisk Analytics, visit www.verisk.com.

News

Verisk Earns Eighth Consecutive Great Place To Work Certification™ in the United States

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Verisk (VRSK) has been certified as a Great Place to Work in the United States for the eighth consecutive year. The award reflects positive feedback from current employees, highlighting the company's commitment to employee satisfaction and workplace culture.
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Verisk Launches Generative AI Tool to Support Faster Insurance Claim Processing

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Verisk, a leading global data analytics and technology provider, has announced the launch of an automated generative artificial intelligence (generative AI) record summary capability in Discovery Navigator. The new feature is designed to simplify and accelerate the claims settlement process, allowing claims professionals to achieve efficient and accurate resolutions faster than ever before. With up to 90% faster than manual record review and up to 95% accuracy rates, the platform aims to empower claims handlers to settle claims more efficiently. The new auto-summary feature is built using Amazon Bedrock, a fully managed service from Amazon Web Services (AWS) that makes foundation models (FMs) from leading AI companies accessible via an API to build and scale generative AI applications. Verisk is focused on developing ethical and responsible generative AI, ensuring human oversight and facilitating transparency consistent with its ethical AI-related principles and governance practices.
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Managed Repair is Transformed with Handdii Holdings Inc and Verisk Property Integration

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Handdii Holdings Inc. announces an integration with Verisk (Nasdaq: VRSK) to automate the exchange of claim data and communications, aiming to enhance digital experiences for property claims. The collaboration connects handdii's digital repair platform with Verisk's XactAnalysis to simplify and optimize the claims reconstruction process. This integration is set to streamline the claims process, provide transparency, and reduce the claim lifecycle. Verisk's cloud-based solutions, connected to a comprehensive ecosystem, play a vital role in enhancing automation and productivity. The integration eliminates the need for adjusters to switch between multiple platforms, providing a first-class digital claims experience for policyholders and flexibility for local contractors.
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Verisk to Announce Fiscal Fourth-Quarter 2023 Results on February 21, 2024

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Verisk (VRSK) will release its financial results for the fiscal fourth quarter on February 21, 2024. The accompanying webcast will discuss business highlights and financial performance. Interested parties can access the live event via webcast or dial-in number, with a replay available for 30 days.
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Verisk Expands Ecosystem Adding Section 111 Reporting Platform to Duck Creek Content Exchange

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Verisk (VRSK) announced the availability of MSP Navigator on Duck Creek's Content Exchange, providing casualty insurers with an efficient solution for Section 111 reporting. The platform offers advanced reporting and analytical capabilities, with 99.9% of claims reported containing zero errors. The collaboration between Verisk and Duck Creek aims to streamline the Section 111 reporting process and avoid costly noncompliance penalties for insurers.
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Verisk Partners with Chief Claims Officers to Create Claims Advisory Board

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Verisk (VRSK) forms the Verisk Claims Advisory Board, comprised of former chief claims officers across the insurance industry, to advise on innovation roadmap and ensure enrichment of the claims ecosystem. The Board aims to streamline client workflows, improve claims management, and support superior customer experiences. The company values collaboration and aims to deliver innovative and impactful value-adding solutions to meet the ever-changing needs of clients.
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Verisk Publishes 2023 Task Force on Climate-Related Financial Disclosures (TCFD) Report

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Verisk (VRSK) Publishes First TCFD Report, Highlighting Climate-Related Financial Disclosures and Commitment to Sustainability
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Verisk Names Doug Caccese and Saurabh Khemka Co-Presidents of Underwriting Solutions

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Verisk (VRSK) appoints Doug Caccese and Saurabh Khemka as co-presidents of Verisk Underwriting Solutions, with Neil Spector transitioning to a strategic advisor role. Caccese and Khemka bring extensive industry experience, shaping Verisk's strategy and operations to meet clients' evolving needs for innovative technologies. Spector, a long-time leader in the insurance industry, will continue to serve as a strategic advisor, showcasing Verisk's commitment to leveraging seasoned expertise.
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Verisk Estimates Industry Insured Losses for the Noto Peninsula Earthquake to Range from JPY 260 Billion to JPY 480 Billion (USD 1.8 Billion to 3.3 Billion)

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Verisk (VRSK) estimates insured losses from the January 1 M7.5 earthquake near the Noto peninsula in Japan to be between JPY 260 billion (USD 1.8 billion) and JPY 480 billion (USD 3.3 billion). The earthquake occurred due to shallow reverse faulting, causing extensive damage and generating a tsunami. Verisk's modeled insured loss estimates do not consider various types of losses, including business interruption, civil engineering, and demand surge.
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California Department of Insurance Approves Verisk's ISO Wildfire Mitigation Filings for Homeowners, Dwelling, Commercial Property, Commercial Inland Marine and Businessowners Programs

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Verisk (VRSK) Receives Approval for ISO Wildfire Mitigation Filings from California Department of Insurance
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FAQ

What is the current stock price of Verisk Analytics (VRSK)?

The current stock price of Verisk Analytics (VRSK) is $294.3 as of February 11, 2025.

What is the market cap of Verisk Analytics (VRSK)?

The market cap of Verisk Analytics (VRSK) is approximately 41.5B.

What industries does Verisk Analytics serve?

Verisk Analytics serves insurance, energy, healthcare, financial services, government, and risk management sectors.

What recent achievements has Verisk Analytics announced?

Verisk recently integrated with Seek Now to improve claims processing and launched Next Generation Models for better catastrophe risk assessment.

How did Verisk perform financially in Q1 2024?

In the first quarter of 2024, Verisk reported revenues of $704 million, up 8%, and adjusted EBITDA of $380 million, up 11.8%.

What are Verisk Analytics' core offerings?

Verisk provides predictive analytics and decision support solutions in fraud prevention, actuarial science, insurance coverages, fire protection, and catastrophe risk management.

How does Verisk enhance claims processing?

Verisk's integration with Seek Now streamlines the damage assessment process and improves claims outcomes, offering adjusters increased flexibility and accuracy.

What is Verisk's Next Generation Models (NGM)?

NGM is a suite of over 100 catastrophe models designed to improve global catastrophe modeling and risk analysis, available on Verisk's Touchstone platform.

What is Verisk's dividend policy?

Verisk paid a cash dividend of 39 cents per share in March 2024 and approved a similar dividend payable in June 2024.

Where can I find more information about Verisk Analytics?

More information about Verisk Analytics can be found on their website at www.verisk.com.

What technology does Verisk use for data analytics?

Verisk utilizes advanced technologies to collect and analyze billions of records, delivering comprehensive predictive analytics and decision support solutions.

How does Verisk support global resilience?

Through advanced data analytics, software, and scientific research, Verisk helps build resilience for individuals, communities, and businesses against global risks.
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Verisk Analytics, Inc.

Nasdaq:VRSK

VRSK Rankings

#277 Ranked by Market Cap
#2013 Ranked by Dividends

VRSK Stock Data

41.46B
140.90M
0.21%
95.4%
1.64%
Consulting Services
Services-computer Processing & Data Preparation
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United States
JERSEY CITY