Verisk Capabilities

Our vision is to be the world’s most effective and responsible data analytics company in pursuit of our customers’ most strategic opportunities. Discover our capabilities 3/17 The Verisk Way™ We’re committed to serving our customers with the highest level of quality, service, and innovation in all we do. That’s The Verisk Way. Three powerful principles guide the way we approach our work: SERVE We take great satisfaction anticipating the needs of our customers and colleagues and in exceeding their expectations. ADD VALUE We see each day as an opportunity to add value by continually improving quality, productivity, and timeliness. INNOVATE We’re passionate about visualizing the future and being thought leaders in order to achieve a better tomorrow. We do things The Verisk Way because we want our customers, colleagues, shareholders, and communities to flourish. Who We Are Verisk Analytics is a leading data analytics provider serving customers in insurance, natural resources, and financial services. We’ve been delivering data, analytics, and decision support services to our customers for more than 45 years. Headquartered in Jersey City, New Jersey, we’re a socially responsible global company with offices and customers in nearly 80 countries around the world. Our industry-leading brands include ISO, Xactware, AIR Worldwide, Argus, and Wood Mackenzie. Verisk Analytics is a member of Standard & Poor’s S&P 500® Index and part of the Nasdaq-100 Index. In 2016, Forbes magazine named Verisk Analytics to its World’s Most Innovative Companies list and to its America’s Best Large Employers list. Verisk is one of only 14 companies to appear on both lists. Verisk also received the Great Place to Work® Certification for its outstanding workplace culture. ® AAMERIMERICA’SCA’S BESTBEST LARGELARGE EMEMPLOPLOYERYERS S Nasdaq: VRSK AMERIAMERICA’SCA’S BESTBESTLARGELARGE ©2015, Forbes Media LLC. Used with permission. ©2015, Forbes Media LLC. Used with permission. EMPEMLOPYLOERYSERS Our People We employ more than 6,000 people worldwide to meet the needs of our 6K+ diverse customers. Members of our highly skilled workforce hold almost 2,000 master’s degrees, doctorates, and advanced degrees in predictive analytics, data ~2K science, actuarial science, mathematics, computer science, chemistry, physics, economics, engineering, meteorology, and GIS mapping. Our people share common values: a commitment to excellence and professional growth, personal integrity, enthusiasm for challenging work, and a desire to contribute their capabilities to a successful team. What We Do Using advanced technologies to collect and analyze billions of records, Verisk Analytics draws on unique data assets and deep domain expertise to provide first-to-market innovations that are integrated into customer workflows. We offer predictive analytics and decision support solutions to customers in rating, underwriting, claims, catastrophe and weather risk, global risk analytics, natural resources intelligence, economic forecasting, and many other fields. We help customers make better decisions about risk, investments, and operations with greater precision, efficiency, and discipline. In the United States and around the world, Verisk Analytics helps customers protect people, property, and financial assets. Insurance We offer risk assessment services and decision analytics to property/casualty insurers, reinsurers, risk managers, and regulators. We help our customers in the areas of underwriting and rating, claims management, fraud prevention, catastrophe management, and premium audit and loss control. We also provide data and statistical services, insurance policy programs, and compliance and reporting services. And we have expertise in vehicle telematics and enterprise risk management. Natural Resources We provide national and international companies in the energy, chemicals, metals and mining, and renewables sectors with commercial intelligence through our assessment and valuation of thousands of individual assets, companies, and economic indicators. Our clients trust us to help them identify and mitigate risk exposure and make confident strategic and operational decisions, asset investments, and portfolio allocations using integrated analysis and deep industry knowledge. Financial Services For financial institutions and merchants, we offer bench- marking, scoring, analytics, and customized services. These tools help them understand, analyze, and address important challenges facing the payments industry, such as credit default, fraud, loss of market and wallet share, emerging payment technologies, and increased regulatory pressure. We also provide business intelligence platforms, mobile data solutions, enterprise database services, and fraud risk scoring algorithms. Insurance We offer risk assessment services and decision analytics to insurers, reinsurers, risk managers, agents, brokers, and regulators. Our high-quality, leading-edge solutions offer a powerful mix of capabilities to help customers assess and price risk with more accuracy, grow profitably, and improve operational efficiency. Underwriting and Rating rating territories, local premium taxes, and property We provide underwriting and rating information characteristics. We also offer objective, accurate to help customers understand and manage risks. risk assessments for natural catastrophe perils Our services help reduce policy acquisition costs, such as earthquakes, hurricanes, wildfire, sink- improve rate classification integrity, and support holes, flood, and hail. And we provide insurance- growth and retention strategies. They also help to-value and replacement cost estimation tools. customers more accurately price risks, reduce premium leakage, and maximize profitability. For more than 3.7 million commercial properties, we provide underwriting and rating information on Our suite of residential property information tools construction, occupancy, fire protection, business- provides risk-specific data representing every specific exposures, and perils; hazard scoring for address in the United States. Customers can risk selection and loss control; and ultrahigh- access data on fire protection for more than 46,000 resolution aerial imagery (where possible). fire protection areas, building code adoption and enforcement for about 21,000 communities, For underwriting commercial and personal auto crime and projected crime-risk scores, properties policies and evaluating insureds at policy renewal currently or previously in foreclosure, insurance time, we offer a wide array of driver, driver history, and vehicle information. We help auto insurers 1 billion records and is growing every day. We verify garaging addresses at point of sale and provide vital data on property, casualty, and auto renewal and spot red flags using license plate claims, including physical damage, theft, and recognition technology with a location database salvage information. We offer information on prior of more than 4 billion license plate scans. With loss histories and help customers identify claims our mobile app, we help insurers collect validated patterns, improve claims processing, and detect vehicle odometer readings using consenting policy- fraud. We also provide data such as criminal holders’ smartphones to track vehicle miles driven records, police reports, weather forensic reports, for rating, underwriting, and usage-based insur- and vehicle location reports to improve claims ance (UBI) programs. handling and investigations. With our tools that include up-to-date research on local repair costs, we help customers estimate the cost of structural repairs and personal property. And we have a claims-scoring system that helps identify claims 3.7M+ fraud, as well as a case management system that Detailed information on more than increases the efficiency of claims investigations. 3.7 million commercial buildings We have tools to help settle bodily injury and liability and 26 million businesses claims quickly and equitably, manage the subro- gation process better, and increase opportunities for recovery. We help detect suspicious patterns in To help classify, segment, and price insurance risks medical billing activity so customers can investigate with more accuracy, we offer powerful predictive cases of likely fraud. And we offer products that modeling tools that examine hundreds of indicators use visual link analysis technology to help detect to predict expected losses at the policy level by and fight insurance fraud, giving customers the major coverage or peril. power to analyze large amounts of data so it’s easy to understand. For automating the time-consuming and costly process of policy rate maintenance and management, we provide innovative rating automation tools. For maintaining rating integrity, we offer services to help detect, correct, and prevent rating errors 1B+ throughout the policy life cycle. More than 1 billion claims in our insurance fraud-fighting Claims Management and claims database Fraud Prevention We offer integrated tools to help customers make better decisions at every step of the claim life cycle. From reporting and processing to analysis and Catastrophe Management investigation, our solutions empower adjusters to We’ve developed more than 100 models for natural quickly distinguish between meritorious claims catastrophe, cyber, and terrorism risk to assess the that can be paid expeditiously and those requiring likelihood and severity of loss in some 100 countries additional investigation. We’ve built the world’s larg-

Load more