Verisk Analytics

Verisk Analytics Overview

Verisk is a data analytics company serving customers in insurance, financial services, and natural resource industries. The company helps customers make better decisions with greater precision, efficiency, and discipline. The Verisk family of companies includes ISO, Wood Mackenzie, Verisk Maplecroft, Verisk Insurance Solutions, Xactware, AIR Worldwide, Argus, 3E Company, and AER. Verisk Analytics' Israeli development center was established in 2013 following the acquisition of Sensomatix, an Israeli start-up specializing in risk management systems for driving, the center focuses on the advancement of Verisk's telematics and IoT algorithms as well as actuarial models. Through the utilization of predictive modeling, data science, and machine learning methodologies, the center develops models that have the ability to predict driver risk accurately. The models created within the center in Tel Aviv have gained approval from 43 U.S. jurisdictions for underwriting purposes and are employed for driver pricing. This demonstrates the center's significant role in providing valuable insights and tools for insurance companies to assess and manage driver risk effectively.

Latest News

Oct 7, 2023 · finance.yahoo.com

growth-positive

3 Momentum Stocks to Supercharge Your Portfolio in Q4

The article discusses the performance of three companies - Crane NXT, Verisk Analytics, and FleetCor Technologies - that have shown strong momentum in their stock prices. Crane NXT, an industrial technology company, has seen a year-to-date (YTD) return of 53% backed by strong financial performance. Verisk Analytics, a risk assessment and data analytics company, has a YTD return of 34.6% and is expected to grow further by the end of the year. FleetCor Technologies, a payment products company, has seen a 38% YTD return and has also raised its full-year guidance.

Investment

Jan 2, 2018 · www.verisk.com

growth-positive

The Verisk Telematics Innovation Center: Advancing telematics

The article discusses Verisks Innovation Center and their telematics initiative. It highlights the Verisk Data Exchange, which provides a solution to the challenges faced by insurers in implementing usage-based insurance (UBI) programs. The exchange allows insurers to access pre-collected driving data, driving scores, verified mileage, and model-ready data. It also offers instant first notice of loss (FNOL) for claims management. Verisk has an exclusive agreement with GM and is in negotiations with other OEMs, TSPs, and MSPs. The article mentions that Verisk has millions of active users. Privacy is a critical concern, and Verisk requires two consents from consumers before sharing driving data. The article also mentions Verisks exploration of telematics-based insurance in the home insurance area. The date of the article is January 2, 2018.

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Team Members

2

Employees: 11-50

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Locations

Totseret ha-Arets St 3, Tel Aviv-Yafo, Israel

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