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Verisk Analytics (VRSK) Company Profile

Updated Feb 14, 2020
Verisk Analytics has the following business profile:
Company's Full Name:Verisk Analytics
Short Name:Verisk Analytics
Trading Ticker Symbol:VRSK
Primary Exchange:NASDAQ
Headquarter City/Country:Jersey City, New Jersey
Primary Industry Sector:Technology
Seconday Sub-sector:EDP Services
Main Business Areas: Low Volatility, Technology, EDP Services, Industrials, Business Services, NASDAQ, , S&P 500
Dividend Payments:Dividend History

Market and Trading Information for Verisk Analytics

The following details were available for trading and market data about the stock of Verisk Analytics as of writing:
Current Share Price:$171.38
Previous Year's Closing Price:$149.34
Percentage Price Change (YTD):14.76%
Market Cap:$28.08 billion
52-week Price Range:$121.06 - $171.64
Dividend Per Share:$0.75
EPS (TTM):2.79
Price-Earnings (Trailing):61.4
Price-Earnings (Forward):35.48

Company Profile and Business Description for Verisk Analytics

Verisk Analytics, Inc., incorporated on May 23, 2008, is a data analytics provider serving customers in insurance, natural resources and financial services. The Company operates through two segments: Risk Assessment and Decision Analytics. Its Risk Assessment segment serves its property and casualty (P&C) insurance customers and focuses on prediction of loss, selection and pricing of risk, and compliance with their reporting requirements in each United States state in which they operate. In the Decision Analytics segment, the Company develops predictive models to forecast scenarios and produce both standard and customized analytics that help its customers manage their businesses, including predicting loss, selecting and pricing risk, detecting fraud before and after a loss event, and quantifying losses. The Company offers predictive analytics and decision support solutions to customers in rating, underwriting, claims, catastrophe and weather risk, natural resources intelligence, economic forecasting, and various other fields. In the United States, and around the world, the Company enables customers protect people, property, and financial assets. These solutions take various forms, including data, expert insight, statistical models and analytics all designed to allow its customers to make logical decisions. The Company also works with a range of companies, governments and institutions across the energy, and metals and mining value chains. The Company uses its data assets to develop predictive analytics and transformative models for its customers.

Risk Assessment Segment

The Company's customers include P&C insurance providers in the United States. It provides policy language, prospective loss costs, policy writing rules, and a range of other solutions for lines of insurance. Its policy language, prospective loss cost information and policy writing rules can serve as integrated turnkey insurance programs for its customers. As of December 31, 2016, the Company processed approximately 2,400 regulatory filings and interfaced with state regulators in all 50 states plus the District of Columbia, Guam, Puerto Rico and the Virgin Islands. Its policy language includes standard coverage language, endorsements and policy writing support language that assist its customers in understanding the risks they assume and the coverages they offer. As of December 31, 2016, the Company had more than 120 specialized lawyers and insurance experts reviewing changes in each state's insurance rules and regulations, including an average of more than 16,500 legislative bills, 6,100 regulatory actions and 2,000 court cases per year, to make any required changes to its policy language and rating information.

As of December 31, 2016, the Company aggregated the data, and as a licensed or appointed statistical agent in all 50 states, Puerto Rico, and the District of Columbia, the Company reported those statistics to insurance regulators. The Company provides actuarial services to help its customers analyze and price their risks. Using its database of premium and loss data, its actuaries are able to perform analyses using its predictive models and analytic methods to help its P&C insurance customers with pricing, loss reserving, and marketing. The Company distributes actuarial solutions and offers services to meet its customers' needs. In addition, its actuarial consultants provide customized services for its customers that include assisting them with the development of independent insurance programs, analysis of their own underwriting experience, development of classification systems and rating plans, and a range of other business decisions. The Company also supplies information to a range of customers in other markets, including reinsurance and government agencies.

The Company gathers information on individual properties and communities so that insurers can use its information to evaluate and price personal and commercial property insurance, as well as business owners (BOP), commercial auto and general liability insurance, and workers compensation coverages. Its property-specific rating and underwriting information allows its customers to understand, quantify, underwrite, mitigate and avoid potential loss to commercial properties. As of December 31, 2016, its ProMetrix operating platform contained business and risk information on 26 million entities, loss costs and other vital information on more than 3.7 million commercial buildings in the United States, and also held information on more than 6.5 million individual businesses occupying those buildings. The Company also provides analytic measures for individual communities to mitigate losses. As of December 31, 2016, the Company provided field-verified and validated data on the fire protection services for approximately 46,000 fire response jurisdictions.

Decision Analytics Segment

The Company's solutions are built on data sets, which are dynamic and updated based on new data and events. Its insurance solutions provide its customers analytics in the areas of fraud detection, catastrophe modeling, loss estimation, and underwriting, including emerging areas of interest within these categories. The Company is a provider of fraud-detection tools for the P&C insurance industry. Its system also includes name and address searching to perform searches and manage the overall quality of the matches. The Company has a system used by claims adjusters and investigations professionals to process claims and fight fraud. The Company also provides an expert scoring system that helps distinguish between suspicious and meritorious claims, and products that use link analysis technology to help visualize and fight insurance fraud. The Company also has operations in the field of probabilistic catastrophe modeling used by insurers, reinsurers and financial institutions to manage their catastrophe risk. As of December 31, 2016, the Company developed models, covering natural hazards, including hurricanes, earthquakes, winter storms, tornadoes, hailstorms, and floods, for potential loss events in more than 100 countries, as well as pandemics.

The Company also provides data, analytics and networking products for professionals involved in estimating all phases of building repair and reconstruction. The Company provides solutions for every phase of a building's life, including quantifying the cost of repair or reconstruction of damaged or destroyed buildings; aiding in the settlement of insurance claims, and tracking the process of repair or reconstruction and facilitating communication among insurers, adjusters, contractors, and policyholders. The Company provides a solution that assists contractors and insurance adjusters in estimating repairs using a plan-sketching program. The program allows its customers to sketch floor plans, roof plans and wall-framing plans, and automatically calculates material and labor quantities for the construction of walls, floors, footings, and roofs. The Company also offers its customers access to wholesale and retail price lists, which include structural repair and restoration pricing for economic areas in North America. As of December 31, 2016, its structural repair and cleaning database contained approximately 21,000 unit-cost line items.

The Company is also a provider of solutions for the personal underwriting markets, including homeowners and auto lines. The Company builds and maintains industry-standard tools that assist insurers in underwriting and rating. Its solutions span a range of property/casualty insurance, encompassing personal and commercial lines of coverage that protect private residences, private and commercial vehicles, and businesses. The Company focuses on providing competitive benchmarking, scoring solutions, analytics, and customized services to financial services institutions in the Americas, Europe, the Middle East, Africa and Asia-Pacific. The Company works with its customers to evaluate market and audience selection. The Company offers services and a suite of solutions to a customer base that includes credit and debit card issuers, retail banks and other consumer financial services providers, payment processors, insurance companies, and other industry stakeholders.

The Company is a provider of data analytics for the global energy, chemicals, and metals and mining industries. The Company provides research and consulting services focusing on exploration strategies and screening, asset development and acquisition, commodity markets, and corporate analysis. The Company offers consultancy in the areas of business environment, business improvement, business strategies, commercial advisory, and transaction support. The Company delivers analysis and advice on assets, companies, governments and markets. The Company provides integrated coverage and analysis of relevant commodities across the interconnected global energy sectors. The Company also offer a suite of data and information services that enable compliance with global Environmental Health and Safety (EH&S), requirements related to the safe manufacturing, distribution, transportation, usage, and disposal of chemicals and products.

The Company competes with National Independent Statistical Service, the Independent Statistical Service, Inc., American Association of Insurance Services, Inc., Mutual Services Organization, Overland Solutions, Inc., Regional Reporting, Inc., Deloitte Consulting LLP, Pinnacle Consulting, Willis Towers Watson, Risk Management Solutions, CoreLogic, LexisNexis Risk Solutions, Solera Holdings, Inc., Symbility, IHS Markit, Rystad Energy, Global Data PLC, PIRA Energy Group and CRU Group.

545 Washington Blvd

Peer / Competitor Companies of EDP Services Sector

Along with Verisk Analytics, the following other peer (competitor) companies also exist within the same EDP Services - Technology sector whose company profile and dividend history is as follows:

▶ Agilysys (AGYS): Agilysys, Inc., incorporated on February 4, 1963, is a technology company. The Company provides software for point-of-sale (POS), property management, inventory and procurement, workforce management, analytics, document management, and mobile ....See Detailed Company Profile,  Dividend History

▶ Allscripts Healthcare (MDRX): Allscripts Healthcare Solutions, Inc. (Allscripts), incorporated on July 11, 2000, delivers information technology (IT) solutions and services to help healthcare organizations. The Company operates through three segments: Clinical and Financial ....See Detailed Company Profile,  Dividend History

▶ Amdocs (DOX): Amdocs Limited, incorporated on September 28, 1988, is a provider of software and services for communications, entertainment and media industry service providers. The Company develops, implements and manages software and ....See Detailed Company Profile,  Dividend History

▶ Aspen Technology (AZPN): Aspen Technology, Inc., incorporated on March 11, 1998, is a global provider of process optimization software solutions designed to manage and optimize plant and process design, operational performance, and supply ....See Detailed Company Profile,  Dividend History

▶ Asure Software (ASUR): Asure Software, Inc., incorporated on May 30, 1989, is a global provider of cloud-based software-as-a-service (SaaS) solutions that help companies to bring people, time, space and assets together. The Company ....See Detailed Company Profile,  Dividend History

▶ Autohome (ATHM): Autohome Inc., incorporated on June 23, 2008, is an online destination for automobile consumers in China. The Company is engaged in the provision of online advertising and dealer subscription services ....See Detailed Company Profile,  Dividend History

▶ Automatic Data Processing (ADP): Automatic Data Processing, Inc. (ADP), incorporated on June 12, 1961, is a provider of human capital management (HCM) solutions to employers, offering solutions to businesses of various sizes. The Company ....See Detailed Company Profile,  Dividend History

▶ Bitauto (BITA): Bitauto Holdings Limited (Bitauto), incorporated on October 21, 2005, is a provider of Internet content and marketing services for Chinas automotive industry. The Companys and Websites provide consumers ....See Detailed Company Profile,  Dividend History

▶ Blucora (BCOR): Blucora, Inc., incorporated on April 9, 1996, is a provider of technology-enabled financial solutions to consumers, small business owners and tax professionals. The Company operates through the Wealth Management and ....See Detailed Company Profile,  Dividend History

▶ Brightcove (BCOV): Brightcove Inc., incorporated on August 24, 2004, is a global provider of cloud-based services for video. The Companys products and services include Brightcove Video Cloud (Video Cloud), Brightcove Zencoder (Zencoder), ....See Detailed Company Profile,  Dividend History

▶ CACI International (CACI): CACI International Inc (CACI), incorporated on October 8, 1985, is a simulation technology company. The Company provides information solutions and services. The Company operates through two segments: domestic operations and ....See Detailed Company Profile,  Dividend History

▶ Carbonite (CARB): Carbonite, Inc., incorporated on February 10, 2005, provides data protection solutions, including cloud, hybrid and on-premise backup and restore, disaster recovery as a service (DRaaS) and e-mail archiving. The Companys ....See Detailed Company Profile,  Dividend History

▶ Castlight Health (CSLT): Castlight Health, Inc., incorporated on January 31, 2008, offers a health benefits platform that engages employees to make healthcare decisions, and enables employers to communicate and measure their benefit programs. ....See Detailed Company Profile,  Dividend History

▶ Cerner (CERN): Cerner Corporation (Cerner), incorporated on October 6, 1986, is a supplier of healthcare information technology (HCIT). The Company offers a range of intelligent solutions and services that support the clinical, ....See Detailed Company Profile,  Dividend History

▶ Cognizant (CTSH): Cognizant Technology Solutions Corporation, incorporated on April 6, 1988, is a professional services company. The Company operates through four segments: Financial Services, Healthcare, Manufacturing/Retail/Logistics, and Other. The Companys services include ....See Detailed Company Profile,  Dividend History

▶ Computer Programs and (CPSI): Computer Programs and Systems, Inc. (CPSI), incorporated on March 13, 2002, is a provider of healthcare information technology (IT) solutions for rural and community hospitals, and post-acute care facilities. The ....See Detailed Company Profile,  Dividend History

▶ Computer Task (CTG): Computer Task Group, Incorporated (CTG), incorporated on March 11, 1966, is an information technology (IT) solutions and staffing services company. The Company primarily operates in the segment of providing IT ....See Detailed Company Profile,  Dividend History

▶ CoreLogic (CLGX): CoreLogic, Inc., incorporated on October 13, 2009, is a provider of property information, analytics and data-enabled services. The Company provides detailed coverage of property, mortgages and other encumbrances, property risk ....See Detailed Company Profile,  Dividend History

▶ CSG International (CSGS): CSG Systems International, Inc. (CSG), incorporated on October 17, 1994, is a provider of business support solutions primarily serving the communications industry. The Company provides business support solutions (BSS) to ....See Detailed Company Profile,  Dividend History

▶ CSP (CSPI): CSP Inc., incorporated on September 3, 1968, and its subsidiaries develop and market information technology (IT) integration solutions, security and managed services, network adapters, and cluster computer systems. The Company ....See Detailed Company Profile,  Dividend History

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