Verisk is a prominent provider of data analytics and technology solutions specifically targeted at the insurance sector, offering services to enhance operational efficiency, risk assessment, and decision-making processes in various contexts such as underwriting, claims, and catastrophe modeling. Following the divestiture of its Energy business, Verisk has strengthened its focus on the Property and Casualty insurance market, catering to a client base that includes the top 100 P&C insurance providers in the United States and expanding its reach into global markets, including life insurance and specialty business solutions.
The company's business model integrates advanced analytics, proprietary data assets, and deep industry knowledge to deliver comprehensive solutions tailored to the unique needs of its clients. Verisk leverages a subscription-based revenue model, ensuring a steady income stream while continuously innovating its services through cloud technology and artificial intelligence. The company is committed to driving consistent growth and profitability by investing in its data capabilities, enhancing client relationships, and adhering to regulatory compliance, which remains essential in a heavily regulated market.