Verisk

Verisk Competitive Intelligence & Landscape

verisk.com ·

Overview

Verisk Overview

Verisk (verisk.com) is a prominent strategic data analytics and technology partner primarily serving the global insurance industry. The company empowers its clients to enhance operating efficiency, improve underwriting and claims outcomes, combat fraud, and make informed decisions concerning global risks such as climate change, extreme events, sustainability, and political issues. Verisk achieves this through the application of advanced data analytics, proprietary software, scientific research, and deep industry knowledge [https://investor.verisk.com/overview/default.aspx].

At its core, Verisk is a leading source of information about insurance risk, connecting the global insurance industry. Its product ecosystem is built upon decades of proprietary data, including 30 petabytes of information, 39 billion premium and loss records, and over 1.9 billion claims [https://www.verisk.com/company/about/]. The company leverages this extensive data foundation, combined with responsible AI, to deliver insights that insurance professionals depend on daily, embedding AI throughout essential insurance processes [https://verisk.com/].

Verisk has been a strategic partner across the insurance ecosystem for more than 50 years, providing innovative solutions that help insurers make faster, more consistent, and more defensible decisions [https://www.verisk.com/company/about/]. The company’s offerings extend across various insurance sectors, including P&C Insurance, Life and Annuities, Reinsurance, and Specialty Markets, providing solutions for underwriting and rating, personal property, commercial property, and risk selection [https://verisk.com/].

Verisk also assists clients in navigating evolving risks, regulations, and macroeconomic challenges to drive profitability and growth [https://www.verisk.com/insurance/].

While specific details on founding year, headquarters, and company size are not explicitly provided in the given sources, it is clear that Verisk operates on a global scale, serving a wide array of clients within the insurance ecosystem. The company is publicly traded on Nasdaq under the ticker VRSK [https://www.verisk.com/company/newsroom/verisk-fact-sheet/], indicating its significant presence and structure within the market. Leadership includes Lee M. Shavel as President and Chief Executive Officer [https://www.verisk.com/company/about/leadership/].

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Competitors

Verisk Competitors

S&P Global is a significant competitor to Verisk, particularly in providing financial information and analytics for global markets [source]. While Verisk focuses on risk assessment, analytics, and data solutions primarily for the insurance industry (P&C, life and annuities, reinsurance, and specialty markets) [source], S&P Global offers a broader range of financial insights. Both companies compete in the data analytics and risk assessment space, with S&P Global often having a wider reach across various financial sectors. Comparatively, Verisk has shown slower revenue growth in recent quarters compared to its competitors, including S&P Global [source].

Fair Isaac (FICO) is another top competitor for Verisk, focusing heavily on credit scoring and decision management solutions [source]. While both leverage data analytics, Fair Isaac is distinctly positioned in the credit risk and consumer lending market, whereas Verisk's core strength lies in insurance risk assessment and underwriting [source]. This differentiation means that while they both deal with risk, their application and target industries vary, potentially leading to different pricing models and market shares within their specialized niches.

Insurity operates as a provider of cloud-based software solutions specifically for the property and casualty (P&C) insurance industry, offering services like policy administration, claims processing, and billing management [source]. This directly competes with Verisk's offerings in P&C insurance, where Verisk also provides innovative solutions, data analytics, and technology for creating P&C programs and assessing risks [source].

Insurity's focus on cloud-based software suites for operational efficiency within P&C insurance presents a strong alternative to Verisk's comprehensive data and analytics tools.

Appriss Retail is identified as a competitor, specializing in retail specific solutions [source]. In contrast to Verisk's broad insurance and energy sector focus, Appriss Retail likely provides analytics and risk solutions tailored for the retail sector, such as loss prevention, fraud detection, and operational intelligence. This positions Appriss Retail as a specialized competitor in a different industry vertical, although both leverage data analytics for risk mitigation.

Product & Pricing

Verisk Product and Pricing Intelligence

Verisk offers a comprehensive suite of products and services designed to provide crucial product and pricing intelligence for the insurance industry. Their Pricing Data Services are independently researched and rigorously localized, providing data on materials and labor to address challenges like outdated rates and limited visibility into claim spending. This research includes monthly cost updates based on extensive local research across over 468 geographical regions in the United States and Canada, analyzing more than 124 million data points annually from property repair claim estimates [https://www.verisk.com/4af0eb/siteassets/media/downloads/property-estimating/xactimate.pdf].

For claims estimation, Verisk provides Xactimate Pro, a premium tool that offers flexibility across desktop, online, and mobile platforms. This solution integrates AI-assisted EstimatingTech for robust structural claims handling. While specific pricing plans and tiers for Xactimate Pro are not detailed, it is presented as a professional-grade offering with access to comprehensive toolkits for claims management [https://www.verisk.com/products/xactimate/professional/].

Verisk also supports underwriting and rating with tools like Rulebook and Rulebook Accelerator.

Rulebook is a powerful rules engine and broking and underwriting desktop that delivers comprehensive analytics for specialty insurance pricing.

Rulebook Accelerator is an out-of-the-box solution based on the Rulebook platform, providing expedited pricing, underwriting, and distribution for underwriters in the E&S specialty insurance business with quicker implementation timelines [https://www.verisk.com/products/rulebook/].

Furthermore, Verisk offers Forms, Rules, and Loss Costs for both commercial and personal lines, helping insurers underwrite and price diverse risks with confidence. These products are informed by nearly 30 billion statistical records and are continuously enhanced by their team of actuaries and data scientists [https://www.verisk.com/en-gb/products/forms-rules-and-loss-costs/]. Their Actuarial and Strategic Data Insights (ASDI) provide access to robust data and risk analysis for informed decisions on product pricing, marketing, underwriting, and more, leveraging over 50 years of experience across 15 lines of insurance [https://www.verisk.com/products/actuarial-and-strategic-data-insights/].

To help insurers stay competitive, Verisk offers the ISO Size-of-Loss Matrix and ISO MarketWatch Suite. These tools provide deep data sets and powerful analytics for more accurate pricing and reserving, and to improve portfolio performance by offering a broader market view beyond internal metrics [https://www.verisk.com/products/iso-size-of-loss-matrix/].

Verisk ensures the integrity of its pricing data by researching and reporting on information from a variety of sources to prevent undue influence from any single party or industry [https://www.verisk.com/products/pricing-data-services/].

Hiring & Layoffs

Verisk Hiring and Layoffs

Verisk demonstrates a consistent and active approach to global talent acquisition, emphasizing a commitment to building a resilient world through data and analytics. The company actively seeks to expand its workforce, with career pages inviting individuals to "Search jobs now by location, keyword, category, and expertise" and to "Join our Talent Network" for notifications on matching opportunities [https://www.verisk.com/company/careers/]. This proactive recruitment strategy, coupled with a global team of over 8,000 employees across more than 30 countries, signals a company focused on continuous growth and expertise development in its specialized markets [https://www.verisk.com/company/careers/people/].

The company's hiring patterns indicate a strategic focus on cultivating a diverse and skilled workforce, particularly in technical fields.

Verisk offers a variety of opportunities ranging from student internships and co-op programs for entry-level candidates to roles for technical specialists and professionals at all levels of expertise [https://www.verisk.com/company/careers/student-opportunities/][https://www.verisk.com/company/careers/learning-and-development/talent-opportunities/]. There is a notable emphasis on advancing women in technology, with opportunities in engineering, data science, analysis, project management, programming, and development [https://www.verisk.com/company/careers/women-in-tech/]. This commitment to diversity and specialized skill development reflects Verisk's strategy to innovate and lead in its core industries.

Key job openings and programs highlight Verisk's investment in critical areas like data science. The company's Data Science Excellence Program, a two 18-month rotation in the US, aims to transform individuals into leading experts on risk data and decision analytics, indicating a strong demand for talent capable of modeling, visualizing, and interpreting complex data [https://www.verisk.com/company/careers/data-science-excellence-program/]. While there are no explicit mentions of layoffs in the provided sources, the consistent push for talent across various experience levels and specialized programs suggests a healthy and expanding workforce. This robust hiring effort, alongside competitive salaries and comprehensive benefits, underscores Verisk's dedication to attracting and retaining top talent to drive its mission [https://www.verisk.com/company/careers/benefits/].

Leadership

Verisk Management and Leadership Team

Verisk's management and leadership team is spearheaded by Lee M. Shavel, who serves as President and Chief Executive Officer (CEO) [https://www.verisk.com/company/about/leadership/lee-m-shavel/]. He has been instrumental in driving long-term value for the company's stakeholders [https://www.verisk.com/company/about/leadership/lee-m-shavel/]. Prior to his current role, Shavel was the Group President from February 2021 to May 2022, and also held the position of Chief Financial Officer from 2017 to 2022 [https://www.verisk.com/496609/siteassets/media/corporate-social-responsibility/downloads/verisk-2025-proxy-statement.pdf].

The financial strategy and capital management at Verisk are overseen by Elizabeth Mann, the Chief Financial Officer (CFO) [https://www.verisk.com/company/about/leadership/elizabeth-mann/]. She focuses on creating long-term value and high-return investments, in addition to leading shareholder engagement and client strategy [https://www.verisk.com/company/about/leadership/elizabeth-mann/]. Supporting the financial operations, Stacey Brodbar is the Senior Vice President, Finance and Investor Relations, responsible for strategic financial planning, treasury, and investor communications, acting as the company’s liaison to the investor community [https://www.verisk.com/company/about/leadership/stacey-brodbar/].

Verisk's Board of Directors is chaired by Bruce Hansen, an independent chair, who has been a director since May 2015 [https://www.verisk.com/company/about/leadership/bruce-hansen/]. Hansen brings extensive experience in big data, AI/analytics, and fin-tech industries, alongside significant corporate governance expertise [https://www.verisk.com/company/about/leadership/bruce-hansen/]. Other key members of the Executive Committee include Jeffrey Dailey and Samuel G. Liss [https://investor.verisk.com/governance/committee-composition/default.aspx]. The Audit Committee includes Samuel G. Liss, Pradip K. Patiath, Sabra R. Purtill, and Therese M. Vaughan [https://investor.verisk.com/governance/committee-composition/default.aspx].

Leadership within specific business segments includes Saurabh Khemka, President of Underwriting Solutions, who leads various businesses focused on delivering innovative data, analytics, and technology for insurers [https://www.verisk.com/company/about/leadership/saurabh-khemka/].

Rob Newbold serves as President of Catastrophe and Risk Solutions, overseeing global strategy and operations for this segment, including Verisk Maplecroft [https://www.verisk.com/company/about/leadership/rob-newbold/]. Additionally, Tim Rayner is the CEO of General Insurance for UK & Ireland and Specialty Business Solutions, responsible for underwriting and claims businesses in those regions, as well as the global Life, Health, and Travel business [https://www.verisk.com/company/about/leadership/tim-rayner/].

Financials

Verisk Financial Performance, Fundraising, M&A

Verisk demonstrates consistent financial growth, with a strong performance in 2025 where revenue grew 6.6% on an organic constant currency (OCC) basis and adjusted EBITDA increased 8.5%, leading to an adjusted EBITDA margin of 56.2% [source]. This builds on a solid 2024, which saw OCC revenue growth of 7.1% and adjusted EBITDA growth of 9.9%, resulting in a 54.7% adjusted EBITDA margin. Diluted adjusted EPS from continuing operations rose significantly to $6.64 in 2024, up 16.3% from $5.71 in the prior year [source].

For the first quarter of 2026, Verisk reported $783 million in revenue, a 3.9% increase, and a 4.7% rise on an OCC basis. Net income for the quarter was $234 million, up 0.8%. Adjusted EBITDA reached $438 million, an increase of 5.0%, and 5.9% on an OCC basis [source]. Diluted adjusted EPS for the quarter was $1.82 [source].

The company also reported its fourth-quarter and full-year 2025 financial results. Fourth-quarter revenue was $779 million, up 5.9% (5.2% OCC), with adjusted EBITDA at $437 million, up 9.8% (6.2% OCC). Net income for Q4 2025 was $197 million. Net cash provided by operating activities increased by 34.4% to $343 million [source]. Furthermore, in August 2025, Verisk Analytics, Inc. priced an offering of $750 million of 4.500% Senior Notes due 2030 and $750 million of 5.125% Senior Notes due 2036, totaling $1.5 billion in debt financing [source].

Partnerships

Verisk Partnerships, Clients and Vendors

Verisk (verisk.com) cultivates a robust ecosystem of partnerships, clients, and vendors to deliver comprehensive insurance solutions. The company's strategic alliances bring together core systems, system integrators, and solutions providers, creating a seamless, end-to-end insurance experience [https://www.verisk.com/company/strategic-alliances/]. This partner ecosystem is designed to enhance efficiency and customer satisfaction across the insurance industry [https://www.verisk.com/company/vendor-alliances/].

Among its notable collaborations, Verisk has partnered with WTW to enhance efficiency, speed, accuracy, and analytical sophistication in commercial insurance pricing through WTW's Radar solution [https://www.verisk.com/company/newsroom/wtw-and-verisk-collaborate-to-boost-efficiency-speed-accuracy-and-analytical-sophistication-in-commercial-insurance-pricing/]. Another key integration is with Earnix, which incorporates Verisk's ISO Electronic Rating Content (ERC) solution to boost efficiency in commercial insurance pricing [https://www.verisk.com/company/newsroom/earnix-announces-integration-with-verisk-erc-solution-to-boost-efficiency-in-commercial-insurance-pricing/]. Additionally, Verisk has expanded its collaboration with KYND, integrating KYND's cyber intelligence into Verisk's Rulebook to strengthen cyber resilience for insurers [https://www.verisk.com/company/newsroom/verisk-kynd-expand-collaboration-to-strengthen-cyber-resilience-for-insurers/].

Verisk's ClaimSearch Partner Ecosystem is a critical component, connecting insurers with advanced industry solutions to improve claims management, fight fraud, and deliver better outcomes with minimal IT lift [https://www.verisk.com/resources/campaigns/claimsearch-partner-ecosystem/]. This ecosystem provides clients simplified access to a growing network of trusted partners, including FRISS and Globlue Technologies, which have integrated with the ClaimSearch platform to expand fraud-fighting capabilities [https://www.verisk.com/company/newsroom/verisk-expands-fraud-fighting-capabilities-for-the-insurance-ecosystem-with-two-new-strategic-partnerships/].

Enterprise clients also benefit from Verisk's integration solutions for risk modeling, allowing for custom underwriting approaches and efficiency gains in reinsurance portfolio management processes [https://www.verisk.com/products/integration-solutions-for-risk-modeling/]. For instance, Aviva in Canada has strategically integrated Verisk's Xactware suite of products, including Xactimate, XactAnalysis, and XactXpert, to boost property claims efficiency and improve policyholder experience [https://www.verisk.com/company/newsroom/aviva-and-verisk-announce-strategic-integration-to-boost-property-claims-efficiency-in-canada/]. Furthermore, CCC Intelligent Solutions Inc. and Verisk have formed a strategic partnership to bring innovations to P&C insurance claims by leveraging their market-leading technologies [https://www.verisk.com/company/newsroom/ccc-and-verisk-form-strategic-partnership-to-bring-innovations-to-pc-insurance-claims/].

Events

Verisk Event Participations

Verisk actively participates in and hosts a variety of events to engage with the insurance industry and disseminate its expertise. The company organizes its own Verisk Insurance Conference, which convenes leaders and professionals from various insurance sectors, including underwriting, catastrophe risk, claims, and emerging technologies, to discuss the future of insurance data and AI. This flagship conference often serves as the kick-off for programs like the Verisk Academy, a four-week program designed to help professionals transform data into impact, featuring both in-person and virtual components, cohort dinners, and direct engagement with Verisk faculty and industry leaders.

Beyond its major conferences, Verisk also hosts specialized user conferences, such as the Core Lines User Conference, which brings together clients to discuss industry trends and solutions. The company frequently offers webinars and web seminars led by its experts, focusing on critical issues facing the insurance industry. These include the Verisk Casualty Solutions Webinar Series, which addresses topics like workers' compensation, Medicare compliance, and regulatory updates, and the Emerging Issues Webinars that provide insights into evolving risks and opportunities for insurers and risk managers. Furthermore, its Premium Audit Advisory Service (PAAS) also provides dedicated web seminars.

Verisk also demonstrates its presence at significant industry forums. For example, Verisk presented at the Wolfe FinTech Forum 2026 to share its insights and innovative solutions. The company maintains an events and presentations section on its investor relations website to keep stakeholders informed about upcoming engagements and thought leadership initiatives.

Frequently Asked Questions

What is Verisk's current financial growth trajectory, and how does its adjusted EBITDA margin compare year-over-year?

Verisk shows consistent financial growth, with revenue increasing 3.9% to $783 million in Q1 2026, building on 6.6% organic constant currency (OCC) growth in 2025 and 7.1% OCC growth in 2024. Its adjusted EBITDA margin has also improved, rising to 56.2% in 2025 from 54.7% in 2024, and reaching 56% in Q1 2026.

What is Verisk's strategy for talent acquisition, particularly in specialized technical roles?

Verisk employs an active global talent acquisition strategy, emphasizing continuous growth and expertise development. It focuses on cultivating a diverse and skilled workforce, especially in technical fields like data science, engineering, and analysis, through programs such as the Data Science Excellence Program and initiatives for advancing women in technology.

How is Verisk positioning itself in the market for catastrophe risk modeling compared to specialized alternatives?

Verisk offers catastrophe risk modeling as part of its comprehensive insurance solutions, leveraging its extensive proprietary data and analytics. While it provides a broad suite of tools, specialized alternatives like Aon Impact Forecasting concentrate solely on catastrophe risk, potentially offering more granular or tailored models for extreme event exposure.

What kind of strategic collaborations does Verisk prioritize to enhance its core insurance offerings?

Verisk prioritizes strategic collaborations that enhance efficiency, speed, and analytical sophistication across the insurance value chain. Notable partnerships include WTW and Earnix for commercial insurance pricing, KYND for cyber resilience, and CCC Intelligent Solutions for P&C claims innovations, often integrating Verisk's proprietary data and platforms like ClaimSearch and Rulebook.

What is the strategic emphasis of Verisk's product development for property claims estimation?

Verisk's product development for property claims estimation emphasizes flexibility and advanced analytical capabilities. Its Xactimate Pro tool offers multi-platform access (desktop, online, mobile) and integrates AI-assisted EstimatingTech to provide robust structural claims handling, leveraging extensive local research and over 124 million annual data points on property repair estimates.

How does Verisk's leadership background inform its strategic direction, particularly from the CEO's perspective?

Verisk's strategic direction is significantly influenced by CEO Lee M. Shavel, whose background includes serving as Group President and Chief Financial Officer prior to his current role. This extensive experience across financial strategy and operational leadership suggests a focus on driving long-term value, disciplined capital management, and leveraging data analytics for business growth.

What type of events does Verisk leverage to engage with the insurance industry and disseminate expertise?

Verisk leverages a variety of events, including its flagship Verisk Insurance Conference, specialized user conferences like the Core Lines User Conference, and numerous webinars. These platforms engage industry leaders, discuss emerging technologies, provide professional development through programs like the Verisk Academy, and disseminate expert insights on critical insurance issues.

How does Verisk differentiate its competitive position in data analytics within the insurance sector compared to broader financial information providers?

Verisk differentiates itself by deeply specializing in risk assessment and data analytics for the global insurance industry (P&C, life, annuities, reinsurance, specialty markets). While competitors like S&P Global offer broader financial insights across various sectors, Verisk's core strength lies in its decades of proprietary insurance data, including 30 petabytes of information and billions of claims records, integrated with responsible AI for industry-specific applications.

What is Verisk's primary approach to ensuring the integrity and accuracy of its pricing data services?

Verisk ensures the integrity and accuracy of its pricing data services through independent research and rigorous localization. It conducts monthly cost updates based on extensive local research across over 468 geographical regions in the US and Canada, analyzing more than 124 million data points annually from property repair claim estimates, and actively reports from diverse sources to prevent undue influence.

What is the role of Verisk's ClaimSearch Partner Ecosystem in its fraud-fighting strategy?

Verisk's ClaimSearch Partner Ecosystem is central to its fraud-fighting strategy, connecting insurers with advanced industry solutions to improve claims management and combat fraud. This ecosystem provides clients simplified access to a growing network of trusted partners, such as FRISS and Globlue Technologies, who integrate with the ClaimSearch platform to expand its fraud detection capabilities.

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