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Verisk Unit ISO Launches New Initiative Targeting Reinsurance and ILS

ISO, a division of Verisk Analytics, has launched a new initiative that will see it targeting the reinsurance and ILS space as it seeks to develop data and analytics tools which make operating, capital and capacity management more efficient. One of the focuses will be on helping insurance-linked securities (ILS) specialists and reinsurers to put their capital to work, a ... Read More »

Equifax and Argus in Partnership to Launch Primary Impact™

Equifax and Argus Align to Optimize DDA Acquisition Strategies for Financial Institutions with Primary Impact™ Equifax Inc. announced at the BAI Retail Delivery conference that it has formed a strategic alliance with Argus Information and Advisory Services, a Verisk Analytics business and a leading provider of analytics, information, and solutions to consumer banks and their regulators.  The companies are excited to ... Read More »

Verisk Analytics, Inc., Acquires Dart Consulting Limited

Verisk Analytics, Inc. announced the acquisition of Dart, a leading provider of benchmarking and advisory solutions to financial services institutions in Australia, New Zealand, and other key Asia-Pacific markets.  As part of the Argus business of Verisk Analytics, Dart will provide benchmarking solutions and professional services critical to financial services institutions in the optimal management of lending and payment portfolios. ... Read More »

Verisk Says $650 Million Deal Delayed Amid FTC Review

Verisk Analytics Inc. (VRSK), said its planned $650 million takeover of EagleView Technology Corp. has been delayed amid a review by antitrust regulators. The purchase agreement has been extended to Dec. 31, after a previous plan to complete the deal by Sept. 30, Jersey City, New Jersey-based Verisk said today in a statement. The company said it will provide further ... Read More »

Verisk Analytics Names Beth Fitzgerald Head of ISO Insurance Programs and Analytic Services

Beth Fitzgerald, a leader in predictive analytics and actuarial science, has been named president of ISO Insurance Programs and Analytic Services, the founding business unit of Verisk Analytics responsible for the company’s core insurance products and services. Verisk Analytics (Nasdaq:VRSK) is a leading source of information about risk. Fitzgerald takes over for Kevin Thompson, who recently retired after 40 years ... Read More »

Verisk Climate Extends Benchmarks

Enhances integration with XactAnalysis and adds new web and mobile apps Verisk Climate announced new analytics and software capabilities for the BenchmarkTM database used by property/casualty insurers to streamline claims management, improve accuracy in claims records, and boost customer satisfaction.  For the first time in the industry, claims personnel can access property-specific wind history reports when adjusting wind damage claims in addition ... Read More »

Verisk Analytics, Inc. Divests Interthinx

Verisk Analytics, Inc. (Nasdaq:VRSK) announced it has signed a definitive agreement to sell its mortgage analytics business, Interthinx, to First American Financial Corporation, a leading global provider of title insurance, settlement services and risk solutions to participants in real estate transactions, for a purchase price of $155 million in cash, subject to typical adjustments for, among other things, the working ... Read More »

Verisk Analytics, Inc., to Acquire EagleView Technology Corporation to Extend Its Analytic Capabilities in Aerial Imagery

Includes Ownership of Pictometry Subsidiary and Extensive Image Library Verisk Analytics, Inc. (Nasdaq:VRSK) has signed an agreement to acquire EagleView Technology Corporation (“EVT”), the parent company of Pictometry International Corp., and Eagle View Technologies, Inc. EVT is an acknowledged leader in the United States of geo-referenced aerial image capture and visual-centric data analytics and solutions to insurers, contractors, government, and commercial customers. The acquisition will accelerate Verisk’s position ... Read More »

Verisk Climate and Weather Decision Technologies Form Alliance to Develop New Applications Analyzing Business Effects from Weather

Verisk Climate, a leading provider of enterprise climate risk management solutions, and Weather Decision Technologies (WDT), a high-technology leader in the weather industry, announced that they formed a long-term alliance to develop new, more advanced analytics and solutions focused on the business impacts from weather perils. Verisk Climate now serves as WDTs channel into the global insurance and restoration markets. ... Read More »

Verisk Analytics Q3 2013 Revenues up 10%

Verisk Analytics total revenue increased 10.0% in third-quarter 2013 compared with third-quarter 2012.  Excluding the impact of recent acquisitions, revenue grew 6.1% for third-quarter 2013.  Revenue growth in the third quarter was driven by an 11.2% increase in Decision Analytics revenue, with additional contribution from the 7.8% growth in Risk Assessment revenue.   EBITDA increased 10.9% to $202.9 million for ... Read More »