Verisk

Verisk supplies data analytics, technology and scientific research to the insurance industry, and its distinguishing characteristic is the breadth of its product estate rather than any single application. The named tools cover work across the whole insurance lifecycle: Xactimate, XactAnalysis, XactContents, XactPRM, XactRemodel and XactRestore for property claims estimating and restoration, ClaimSearch and ClaimXperience for claims handling, 360Value for replacement cost valuation, ProMetrix for property data, CargoNet and the National Equipment Register for theft and recovery, and RISK:check for underwriting risk assessment.

Its regulatory and industry infrastructure role is what sets it apart from an ordinary software vendor. ISO services include electronic numerical listings of classification codes, ISO Passport, ISOnet, special statistical data calls and Mozart Form Composer. These underpin how insurers classify risks and report to regulators, meaning many carriers rely on Verisk not because they chose a product but because the industry's shared reference data sits there. Streamlining data reporting to regulators is called out explicitly as a product benefit.

Four markets are addressed separately. Property and casualty covers creating insurance programmes, regulatory reporting and pricing risk with speed and precision. Life and annuities refines life, annuity and pension plans from individual through portfolio level. Reinsurance targets combined ratio improvement and profitability through risk management at global, commercial and enterprise levels. Specialty markets cover professional liability and management liability among others. A catastrophe risk portal and benchmarking tools support exposure management. Verisk operates across the United States, Canada, United Kingdom, Germany, Sweden, Denmark and Norway with localised sites. Pricing is not published.