Description

Verisk Analytics, Inc. delivers advanced data analytics and insights to clients across the United States and globally. Their offerings encompass predictive analytics and tools for informed decision-making, serving diverse sectors such as insurance rating, underwriting, and claims processing, alongside managing catastrophe and weather-related risks, global risk assessment, natural resources market intelligence, economic projections, and commercial banking and financial services, among others. The company's operations are strategically organized into three distinct segments: Insurance, Energy and Specialized Markets, and Financial Services. Within the Insurance segment, Verisk concentrates on helping property and casualty clients with loss prediction, risk selection and pricing, and adhering to regulatory reporting standards. This segment also innovates by developing machine learning and AI-driven models to anticipate future scenarios and generate tailored or standard analytics. These capabilities assist clients in crucial business management tasks, such as identifying fraudulent activities pre- and post-loss, and accurately assessing financial damages. The Energy and Specialized Markets segment offers comprehensive data analytics tailored for the entire natural resources value chain, encompassing industries like energy, chemicals, metals, mining, power generation, and renewable sources. This segment's services extend to research and advisory, guiding clients on critical capital allocation choices, evaluating and benchmarking assets, understanding commodity market dynamics, and conducting corporate analysis. Furthermore, it provides specialized consultancy across various domains, including business environment assessments, improvement strategies, commercial guidance, and transaction facilitation, alongside delivering expert analysis and recommendations concerning assets, enterprises, governmental bodies, and broader markets. Lastly, the Financial Services segment furnishes financial institutions, payment networks and processors, alternative lending platforms, regulatory bodies, and merchants with essential benchmarking tools, advanced decision-making algorithms, vital business intelligence, and bespoke analytical services. Established in 1971, Verisk Analytics maintains its corporate headquarters in Jersey City, New Jersey.