Verisk Analytics

insurtechiot-preventive insurance/telematics

FOUNDING YEAR: 1971
LOCATION: United States
Last Update: 18/10/2019

Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive WhatsApp community where you can engage in discussions with global industry experts!

About

In 2018, Forbes named Verisk Analytics to its Worlds Best Employers and Americas Best Employers for Women lists. Our workplace culture earned the Great Place to Work Certification for the third consecutive year.Verisk (Nasdaq:VRSK) is a leading data analytics company serving customers in insurance, energy and specialized markets, and financial services. We help customers make better decisions with greater precision, efficiency, and discipline. Verisk businesses include ISO, Wood Mackenzie, Verisk Maplecroft, Xactware, AIR Worldwide, Argus, and Verisk 3E.Headquartered in Jersey City, New Jersey, we operate in 30 countries. Our 8,000+ employees contribute their expertise in actuarial science, chemistry and physics, commercial banking and finance, data science and artificial intelligence, economics, engineering, natural resources, predictive analytics, supply chain, and more.We advance issues of global and national importance and support and volunteer in communities in which we work and live. Read more about our commitment to corporate social responsibility at http://www.verisk.com/csr, and follow us on LinkedIn, Twitter, YouTube, and Facebook.As a best-in-class employer, were always looking for new talent. Visit www.verisk.com/careers to learn more.

MEDICI Analysis

Verisk Analytics is public listed company which provides an online platform for data analytics and risk management for its customers in insurance, natural resources and financial services, etc. It offers 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.

Focus

PRODUCTS & SERVICES

Online platform for data analytics and risk assessment

REVENUE MODEL

The company generates revenue by charging a percentage of service fees.

MAIN CLIENTS

Insurance companies

Financial institutes

Government agencies

EXISTING PARTNERSHIPS

Verisk and Driveway announced a strategic alliance that will see the duo targeting auto manufacturers

their customers and insurers with a solution that will combine Driveway’s telematics platform with Verisk Data Exchange.

Traction

REVENUE COMMENT:

The company revenue was US$2.1 billion in 2015.

OTHER INFO:

The company acquired 13 companies by 2016. Recently Verisk Analytics acquires Healix Risk Rating in Feb. 2017. Palomar Specialty Launches Private Residential Flood Program in California that uses a highly advanced and granular proprietary rating system.

People

FOUNDERS

Frank J. Coyne

NUMBER OF EMPLOYEES

1000+

INVESTORS:

Mawer Investment Management Ltd

Momentum

FUNDED

NO

DATE OF LAST FUNDING

Sep 2016

TOTAL FUNDING COMMENT

The company has received undisclosed investments from Mawer Investment Management Ltd. in 2016.

LISTED

NO

Join the exclusive global FinTech community

Be a part of the global FinTech community on WhatsApp