Verisk

What Verisk does

Verisk Analytics, Inc. is a data analytics and risk assessment firm headquartered in Jersey City, NJ, founded in 1971 as Insurance Services Office (ISO) and publicly traded on NASDAQ as VRSK since its 2009 IPO. The company operates as a data utility for the global insurance industry, serving over 30,000 clients with a dominant 40-50% market share in US property and casualty insurance analytics. Its core platform includes Synergy Studio (a cloud-native catastrophe risk management system integrating Touchstone, Touchstone Re, and AnalyzeRe), Xactimate property claims estimation software used in over 90% of US insurance claims, Verisk Ignite cloud-based policy management, the Verisk Model Exchange vendor-neutral ecosystem hosting 20+ third-party providers and 400+ peril models, and ClaimSearch, an industry-wide claims and fraud detection database. Specialized sub-products include Verisk Underwriting Intelligence, XactRestore, CargoNet for cargo theft intelligence, and the Predictive War Index ML model.

Name

Verisk

Legal name

Verisk Analytics, Inc.

Website

https://verisk.com

Company type

Public

Founded year

1971

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Verisk Analytics is a publicly traded data analytics and risk assessment firm serving the global insurance industry with subscription-based predictive models, catastrophe modeling platforms, and specialized data sets for property and casualty insurers, reinsurers, and insurance intermediaries.

Ownership category

akta.pro rank

Product category

Insurance Data Analytics and Risk Assessment

NAICS

Computer Systems Design and Related Services (54151)

akta.pro primary industry

Risk Modeling & Pricing Analytics (FSAOAIAA)

akta.pro secondary industries

Catastrophe Risk Modeling & Analytics Services (FSAOACAL), Risk Scoring, Hazard & Geospatial Analytics (FSAOAIAE), Claims & Loss Analytics (incl. Reserving Support) (FSAOAIAF)

Keywords

• Insurance analytics
• Catastrophe modeling
• Claims estimation software
• Underwriting data services
• Risk assessment platforms

Headquarters

HQ city

Jersey City

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure, Others

Revenue model

1. Insurance Data Subscriptions: Verisk generates approximately 90% of sales from subscription-based data services, with over 80% of revenue coming from prepaid annual subscriptions or long-term agreements. Approximately 70% derives from U.S. property-and-casualty insurers.
2. Catastrophe Modeling Services: Subscription-based catastrophe modeling services through Synergy Studio platform providing risk assessment for insurance, reinsurance, and capital markets organizations.
3. Claims Analytics: Claims analytics solutions including ClaimSearch database, Xactimate estimation software, and fraud detection services used across the insurance industry.

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels4 records

Core offering

Verisk is a data analytics and risk-assessment firm that sells subscription-based predictive models, catastrophe modeling platforms, and specialized insurance datasets to property and casualty insurers, reinsurers, brokers, and MGAs. Its core deliverables are Xactimate (the de facto US property claims estimating software), the Synergy Studio catastrophe risk platform (integrating Touchstone, Touchstone Re, and AnalyzeRe), the Verisk Model Exchange open modeling ecosystem, Verisk Ignite cloud policy administration, ClaimSearch fraud and claims analytics, and ISO regulatory-grade statistical reporting and endorsements.

Product overview

Verisk operates as a data analytics and technology company serving the global insurance industry with a platform-plus-modules architecture. The core offerings include Verisk Synergy Studio (cloud-native catastrophe risk platform integrating Touchstone, Touchstone Re, and AnalyzeRe), Xactimate (property claims estimating software used in over 90% of US claims), Verisk Ignite (cloud-based policy management), and Verisk Model Exchange (open catastrophe modeling ecosystem with 20+ third-party providers). These are supplemented by specialized analytics including Verisk Underwriting Intelligence, XactRestore, ClaimSearch, and Verisk CargoNet. Recent expansion includes life insurance through FAST and SuranceBay acquisitions, and AI integration via Model Context Protocol connectors into Anthropic's Claude for conversational access to insurance data. The company generates approximately 80% of revenue from US property-and-casualty insurers through subscription-based data services.

Differentiator

Problem solved

Functional benefit

Brands

• Synergy Studio: Cloud-native catastrophe risk management platform integrating Touchstone, Touchstone Re, and AnalyzeRe capabilities for enhanced portfolio analytics.
• Verisk Underwriting Intelligence
• Verisk XactRestore
• Verisk Ignite
• Verisk CargoNet
• Predictive War Index
• Verisk Model Exchange

Products and services

• Verisk Synergy Studio Cloud-native catastrophe risk management platform integrating Touchstone, Touchstone Re, and AnalyzeRe capabilities into a single solution, providing portfolio analytics, data ingestion, and faster analysis of large portfolios for insurance and reinsurance clients.
• Xactimate Property claims estimating software used in over 90% of US insurance claims, enabling contractors and insurers to create standardized detailed repair estimates for property insurance claims.
• Verisk Ignite End-to-end cloud-based policy administration platform enabling insurers to manage the policy lifecycle with high automation and digital insurance operations, including connectivity to insurer panels and MGAs.
• Verisk Model Exchange Open, vendor-neutral catastrophe risk modeling ecosystem hosting over 20 third-party model providers offering over 400 peril models, enabling side-by-side model comparison and standardized analysis for insurers and reinsurers.
• ClaimSearch Insurance industry claims database aggregating claims data across carriers and supporting fraud detection, anomaly identification, and now social media investigative reports via the Pilotbird integration.
• Verisk CargoNet Cargo theft trend data platform recording incidents and estimated losses across the US supply chain, providing theft risk ratings per county, stolen vehicle counts, and commodity theft data for trucking and logistics operators.
• Verisk Underwriting Intelligence Model Context Protocol connector providing insurers with conversational access to loss cost trends and filing signals from ISO inside Anthropic's Claude AI, delivering hundreds of hours in annual underwriting savings per carrier.
• Verisk XactRestore Property restoration pricing and estimating intelligence connector available through Anthropic's Claude AI, providing 30 minutes to two hours time savings per estimate for restoration professionals.
• ISO Endorsements Standardized insurance policy endorsements issued by ISO for use by carriers, including three generative AI exclusion endorsements released in January 2026 for cyber and commercial general liability policies.
• Predictive War Index Machine learning model for predicting military conflicts and political violence risk; back-testing showed it would have predicted the Iran war with a 66% probability 1.5 months before it broke out on February 28, 2026, used by reinsurers and capital markets participants.
• FAST and SuranceBay Life and Annuity Platforms Life and annuity insurance platforms acquired to expand Verisk into life insurance, including FAST (acquired December 2019) for digital support of brokers and MGAs and SuranceBay (acquired July 2025 for $162.5 million) for life and annuity product offerings.

Quantifiable outcome

• Over 80% of US insurers use Verisk tools
• +6 more outcomes

Named customers6 records

Segments5 records

Ideal customer profiles6 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration6 records

AI capability10 records

Feature10 records

Partnerships

Five partnerships are on record, tiered core.

• KatRiskcoreTechnology or Integration · 26 May 2026KatRisk joined Verisk Model Exchange platform to expand access to third-party catastrophe risk insights for insurers and reinsurers. KatRisk's models covering inland flood, storm surge, tropical cyclone wind, severe convective storm, wildfire, and earthquake will expand access to specialized catastrophe insights for new geographic territories and emerging perils. The platform hosts over 20 third-party model providers and 400+ peril models.
• One Call / Applied SystemscoreTechnology or Integration · 11 May 2026One Call launched Zen Insurance, a digital-first car insurance brand in the UK, leveraging Verisk Ignite's cloud-based policy management platform and Applied Systems Europe's Applied Rating Hub. The platform enables high automation across the policy lifecycle with online self-service capabilities, connecting to over 30 personal lines insurers and 100+ products through a single real-time integration.
• AnthropiccoreTechnology or Integration · 5 May 2026Verisk integrated its insurance analytics into Anthropic's Claude AI through Model Context Protocol connectors, enabling underwriters and claims professionals to access regulatory-grade data via natural language within a secure, governed environment. Two connectors launched: Verisk Underwriting Intelligence (loss cost trends, ISO filing signals) and Verisk XactRestore (property repair estimating). Estimated efficiency gains of hundreds of hours per carrier annually in underwriting and 30 minutes to two hours per estimate for restoration contractors.
• SnowflakecoreTechnology or Integration · 20 April 2026Verisk and Snowflake partnership helps P&C insurers modernize statistical reporting compliance by combining Verisk's regulatory expertise and statistical plan logic with Snowflake's cloud-native AI-ready data platform. The integrated solution enables insurers to transform raw data into ISO statistical reporting without data movement, using automated data mapping, validation, and transformation to reduce manual workflows and operational costs.
• RoofrcoreTechnology or Integration · 15 April 2026Roofr and Verisk integration allows roofing contractors to order Xactimate ESX measurement file add-ons directly through the Roofr platform, enabling seamless upload into Xactimate software without manual redrawing of roof estimates. This integration saves contractors time, reduces operational costs, and improves accuracy on insurance claims-related jobs. Roofs account for more than one-third of property insurance claim costs.

Scale indicators15 records

Recent moves7 records

Expansion highlights6 records

Emerging players

• MSCI: MSCI provides subscription-based analytics and indices for global investment and ESG decision-making. Comparable business model (high-margin subscription data analytics with proprietary datasets), but a different primary buyer (asset managers and pension funds rather than P&C insurers).

Direct peers

• RMS (Risk Management Solutions): RMS, owned by Moody's, is a leading catastrophe risk modeling platform serving insurers and reinsurers. RMS competes directly with Verisk's Touchstone, Touchstone Re, and Synergy Studio platforms in the catastrophe modeling market.
• Guidewire Software: Guidewire provides core insurance software platforms (PolicyCenter, ClaimCenter, BillingCenter) for P&C insurers. While more focused on core systems than analytics, both Verisk and Guidewire serve the same US P&C insurance buyer with deeply embedded workflow software, competing for IT budget share and increasingly partnering on integrations.
• CoreLogic: CoreLogic provides property data, analytics, and risk management services for insurers, real estate, and mortgage industries. Overlaps with Verisk's property analytics, claims, and underwriting data franchises in the US market.
• CCC Intelligent Solutions: CCC provides cloud-based claims, repair estimation, and telematics platforms for P&C insurers and automotive ecosystem participants. CCC's estimating software competes with Xactimate in property claims and directly overlaps with Verisk's claims analytics franchise.

Broad incumbents

• Munich Re: Munich Re is a global reinsurer and provider of reinsurance-related risk analytics and NatCat services (including own cat-modeling capabilities). Comparable as a reinsurance risk analytics buyer-of-data and producer-of-insights with overlap in catastrophe risk modeling workflows where Verisk's Touchstone Re and Model Exchange are positioned.
• Moody's Corporation: Moody's owns both RMS (catastrophe modeling — direct competitor to Verisk) and broader credit ratings and analytics. Comparable as a subscription-based data and analytics incumbent serving financial-services risk decision-makers, with a material insurance-vertical presence via RMS.
• Intercontinental Exchange (ICE): ICE operates regulated exchanges and data/analytics services across financial and commodity markets, including fixed-income and mortgage data. Comparable as a subscription-based data utility with strong switching costs, though more focused on capital-markets data than insurance-specific analytics.
• S&P Global: S&P Global is a large data, analytics, and ratings provider across financial services, including insurance and reinsurance through its Ratings, Market Intelligence, and Commodity Insights segments. Comparable as a broad incumbent data utility with subscription economics, though its insurance-specific exposure is smaller than Verisk's.

Others

• Palantir Technologies: Palantir provides enterprise data integration and analytics platforms (Foundry, AIP) used by some insurers and reinsurers for risk and operational analytics. Adjacent rather than directly competitive — represents an alternative stack for analytics that could, in some workflows, displace parts of Verisk's data utility.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/Verisk
• Facebookfacebook.com/VeriskAnalyticsCareers
• LinkedInlinkedin.com/company/verisk-analytics

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries19 records

Funding overview

Funding rounds5 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A47 records

Investments4 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Verisk