Verisk Analytics, Inc. VRSK

Company Overview

Verisk Analytics, Inc. is a data analytics and risk assessment company primarily serving the insurance industry, with additional exposure to specialized risk-related markets. The company provides proprietary data, statistical analysis, predictive modeling, and decision-support software that help clients assess and manage risk, improve underwriting accuracy, comply with regulation, and mitigate fraud. Its core customers include property and casualty insurers, reinsurers, insurance brokers, and related financial services firms, with revenue largely driven by subscription-based data and analytics services.

Verisk traces its roots to 1971 with the formation of Insurance Services Office (ISO), a cooperative created by insurers to develop standardized policy language and loss cost data. Verisk Analytics, Inc. was established as a holding company and became publicly traded in 2008. Over time, the company expanded beyond insurance into energy, commodities, and geopolitical risk analytics through acquisitions, before strategically refocusing on its core insurance analytics franchise in the early 2020s.