Verisk Analytics

Verisk Analytics, Inc. is a leading global data analytics and technology provider headquartered in Jersey City, New Jersey. Established in 1971, the company specializes in delivering predictive analytics and decision support solutions across industries like insurance, natural resources, financial services, government, and healthcare.

The company's comprehensive suite of services includes underwriting solutions, claims management, catastrophe modeling, and fraud detection. Verisk's underwriting solutions offer policy language, prospective loss costs, policy writing and rating rules, and tools for risk selection, segmentation, pricing, and workflow optimization.

In claims management, Verisk provides property estimating solutions, fraud detection tools, and compliance reporting to enhance operational efficiency and mitigate risks. Its catastrophe modeling solutions help organizations identify, quantify, and plan for financial consequences of extreme events, aiding insurers, reinsurers, intermediaries, financial institutions, and governments in effective risk management.

Clientele and Integration

Verisk's clientele primarily includes property and casualty insurance providers, who use the company's services to improve decision-making and cost management. Its solutions are integrated into client workflows for enhanced risk assessment and operational efficiency.

Strategic Acquisitions and Growth

In recent years, Verisk has expanded its global presence through strategic acquisitions. In 2015, the company acquired Wood Mackenzie, a data analytics and commercial intelligence firm focusing on energy, chemicals, metals, and mining industries. This broadened Verisk's portfolio and market reach.

Financials and Workforce

As of 2024, Verisk reported a revenue of $2.9 billion and employed approximately 7,800 individuals worldwide. The company's focus on innovation and customer-centric solutions has solidified its reputation as a trusted partner in risk assessment and decision analytics.

Global Presence

Verisk operates in over 20 countries, with offices in major cities worldwide. In the United States, the company has a significant presence in:

• New York City, New York