Verisk Analytics (VRSK) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The earnings report, which is expected to be released on October 30, 2024, might help the stock move higher if these key numbers are bett ...

JERSEY CITY, N.J., Oct. 22, 2024 (GLOBE NEWSWIRE) -- Verisk (Nasdaq: VRSK), a leading global data analytics and technology provider, today announced its latest advancement in statistical reporting technology with the launch of its Statistical Services accelerator integration with Guidewire. This innovative solution automates complex processes that extract highly granular policy and claims data, making it easier for insurers to satisfy statistical reporting and regulatory compliance requirements. This latest ...

Core Insights - Scope Technologies and Verisk have integrated RoofScope aerial measurement reports with Verisk's Xactimate system, enhancing claims processing for insurers and contractors [1][2][3] Group 1: Integration Benefits - Property and casualty insurers, adjusters, and contractors can now access RoofScope reports directly within Xactimate and XactAnalysis, streamlining the claims process [2] - The integration reduces processing time and facilitates remote claim services, improving the overall claims experience for insureds [2] - The integration is designed to enhance workflow and accuracy, providing reliable throughput during peak events or when other providers lack necessary imagery [3] Group 2: Company Background - Scope Technologies specializes in exterior building measurement reports and construction estimating software, leveraging large datasets for advancements in AI and machine learning [4] - The company offers various measurement reports, including RoofScope, GutterScope, and others, aimed at restoration and specialty contractors, as well as property casualty insurers [4] Group 3: Industry Impact - Verisk's Xactimate software is widely used by top property insurance companies and repair contractors in the United States and Canada, contributing to improved underwriting and claims outcomes [3] - The integration of RoofScope with Xactimate is part of Verisk's commitment to enhancing efficiency in servicing customers during loss recovery [4]

JERSEY CITY, N.J., Oct. 16, 2024 (GLOBE NEWSWIRE) -- Verisk (Nasdaq: VRSK), a leading global data analytics and technology provider, today announced that its president and CEO, Lee Shavel, has been appointed to the Federal Advisory Committee on Insurance (FACI). FACI provides advice and recommendations to assist the Federal Insurance Office (FIO) within the U.S. Department of the Treasury in carrying out its duties and authorities in monitoring the insurance industry. The committee is limited to 25 members ...

BOSTON, Oct. 16, 2024 (GLOBE NEWSWIRE) -- The Extreme Event Solutions group at Verisk (Nasdaq: VRSK), a leading global data analytics and technology provider, estimates that insured industry losses to onshore property for Hurricane Milton will fall between USD 30 billion and USD 50 billion. This estimate includes losses due to wind, privately insured estimates of storm surge, and privately insured precipitation induced flood losses resulting from Milton's landfall in Florida. The majority of the insured los ...

JERSEY CITY, N.J., Oct. 09, 2024 (GLOBE NEWSWIRE) -- Verisk (Nasdaq: VRSK), a leading global data analytics and technology provider, will report its financial results for the fiscal third quarter ended September 30, 2024, on Wednesday, October 30, 2024, before the market open. The press release, with accompanying financial information, will be posted on the Verisk investor website at http://investor.verisk.com. Verisk's management team will host a live audio webcast to discuss the financial results and busi ...

BOSTON, Oct. 08, 2024 (GLOBE NEWSWIRE) -- The Extreme Event Solutions group at Verisk (Nasdaq: VRSK), a leading global data analytics and technology provider, estimates industry insured losses due to wind, storm surge and hurricane precipitation induced flood in the U.S. for Hurricane Helene will range between USD 6 billion to USD 11 billion. Please note that this figure does not include NFIP losses. Meteorological History of Helene On September 23, the National Hurricane Center (NHC) identified and designa ...

October 4, 2024 - Verisk (VRSK, Financial) just launched its "Whitespace" in the U.S. Whitespace is a data analytics platform designed to help insurance companies identify and analyze untapped market opportunities. Whitespace was initially launched in the London market and has now expanded to the US. The product has seen significant growth in London, with nearly 170,000 lines written in 2024, compared to just 50,000 in 2022. This success demonstrates the value that Whitespace can bring to the (re)insurance ...

JERSEY CITY, N.J., Oct. 04, 2024 (GLOBE NEWSWIRE) -- Verisk (Nasdaq: VRSK), a leading global data analytics and technology provider, today announced the U.S. launch of Whitespace, an all-in-one intuitive platform which enables brokers, underwriters and managing general agents (MGAs) to offer, negotiate and place business in the global (re)insurance market. The only truly digital platform of its kind, Whitespace caters to different business classes and geographical regions, now including U.S.- based brokers, ...

BOSTON, Oct. 01, 2024 (GLOBE NEWSWIRE) -- The Extreme Event Solutions group at Verisk (Nasdaq: VRSK), a leading global data analytics and technology provider, estimates that insured industry losses from the flooding in Czechia, Poland and Austria in September 2024 will range from EUR 2 billion (~USD 2.2 billion) to EUR 3 billion (~USD 3.4 billion). Like the June flood event in Europe that primarily impacted Germany, this weather event was caused by a Vb ("five-b") weather system, a relatively unusual setup ...