Verisk Nepal

What Verisk Nepal does

Verisk Nepal is the software development and information technology service support center for Verisk Analytics (NASDAQ: VRSK), operating as a wholly-owned subsidiary of ISO, a Verisk Analytics business. Founded in 2009 and headquartered in Prasiddhi Tower, Pulchowk, Lalitpur, Nepal, the company provides a portfolio of six service lines: software and application development, business operations support and virtual risk assessment, data processing/analysis/reporting, UI/UX design, 24/7 IT and infrastructure support, and software quality control and test automation. All services are delivered exclusively to internal Verisk business units — specifically ISO Under Writing, ISO Claims, Verisk IS&T (Infrastructure and Operation Support), and Verisk Data and Analytical Services — with the explicit purpose of allowing those internal clients to focus on business outcomes while Verisk Nepal handles the technology layer.

The underlying technology stack is standard rather than proprietary: the company applies conventional software development methodologies (Waterfall, Agile, ScrumXP, Kanban, and Kaizen) and customizes solutions to business needs. There is no disclosed product, platform, or model that Verisk Nepal sells to external customers; the offering is a managed services bundle consumed entirely inside the Verisk group. The go-to-market is therefore enterprise internal sales, with the only external-facing channel being the Oracle Cloud HCM candidate experience portal used to attract engineering and IT talent.

The business model is intercompany managed services: revenue flows from internal Verisk divisions in exchange for software development, product delivery, and support. There is no public pricing, no external sales motion, and no third-party distribution. The entity's economic relevance is as a cost-arbitraged delivery center (Nepal-based engineering capacity for a US-listed insurance and financial analytics parent) rather than as a standalone commercial product company.

Name

Verisk Nepal

Legal name

Verisk Nepal Pvt. Ltd.

Website

https://verisknepal.com.np

Company type

Private

Founded year

2009

Operating status

Operating

Short description

Verisk Nepal is a wholly-owned subsidiary of ISO/Verisk Analytics that provides captive software development, IT infrastructure, data processing, and business operations support exclusively to Verisk's internal insurance and financial services divisions from Lalitpur, Nepal.

Ownership category

akta.pro rank

Product category

IT Services and Software Development

NAICS

Custom Computer Programming Services (541511), Computer Systems Design and Related Services (54151)

SIC

Services-Computer Programming Services (7371), Services-Computer Programming, Data Processing, Etc. (7370), Services-Computer Processing & Data Preparation (7374)

akta.pro primary industry

Incident Response, On-Call & Operational Readiness (BPAEAKAL)

akta.pro secondary industry

Systems Engineering & Technical Program Management (BPAHAIAI)

Keywords

• Software development services
• IT infrastructure support
• Data processing and analytics
• Risk assessment software
• Business operations support

Headquarters

HQ city

Kathmandu

HQ country

Nepal

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Infrastructure, Operations

Revenue model

1. Internal Services Revenue: Verisk Nepal generates revenue as a wholly owned subsidiary providing software development, product delivery, and support services to parent company divisions. Services include infrastructure and operations support, data processing, and software development.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Verisk Nepal provides software and application development, business operations support with virtual risk assessment, data processing and reporting, UI/UX design, software quality control and test automation, and 24/7 IT infrastructure support. These services are delivered exclusively to internal Verisk Analytics business units including ISO Under Writing, Claims, IS&T, and Verisk Data and Analytical Services.

Product overview

Verisk Nepal operates as a software development and IT service support center for Verisk Analytics, providing a portfolio of six interconnected services to support internal business units. The core offering includes software and application development, which encompasses design, development, testing, and maintenance. This is supported by software quality control and test automation services, as well as UI/UX design services. Additional services include business operations support with virtual risk assessment, data processing and analysis with reporting capabilities, and 24/7 IT infrastructure support. These services work together to deliver end-to-end technical solutions for Verisk's insurance and financial software businesses.

Differentiator

Problem solved

Functional benefit

Products and services

• Software and Application Development Custom software development service covering design, development, testing, and maintenance of software applications. Delivered to internal Verisk Analytics business units (ISO Under Writing, ISO Claims, IS&T, Verisk Data and Analytical Services) that need scalable engineering capacity for insurance and financial services software.
• Business Operations Support and Virtual Risk Assessment Provides business operations support services alongside virtual risk assessment solutions delivered across insurance and financial services product lines. Built for internal Verisk Analytics clients needing risk assessment and operational continuity support.
• Data Processing, Analysis, and Reporting Data processing, data analysis, and reporting services supporting internal business operations and analytics needs across Verisk Analytics business units.
• User Interface (UI) and User Experience (UX) Design Services UI/UX design services to support software application development and user experience optimization for Verisk Analytics' internal product teams.
• IT and Infrastructure Support 24/7 infrastructure and IT support services including network server administration, workstation support, and videoconferencing/teleconferencing system maintenance for Verisk Analytics internal operations.
• Software Quality Control and Test Automation Software quality control and automated testing services ensuring reliability and performance of software applications built for internal Verisk Analytics clients.

Named customers4 records

Segments1 record

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

One partnership is on record.

• ISO (Verisk Analytics business)coreStrategic or Co-development PartnerISO is a Verisk Analytics business and the parent organization of Verisk Nepal. Verisk Nepal is a wholly owned subsidiary of ISO, providing software development and IT services support to Verisk's businesses. The relationship involves providing technical support allowing internal clients to focus on business solutions.

Scale indicators1 record

Recent moves3 records

Expansion highlights2 records

Broad incumbents

• Genpact: Provides IT, data processing, and operational support to insurance and financial-services firms, closely matching Verisk Nepal's combination of software development, data processing, and business operations support.
• Wipro: Global IT services company with insurance-domain software development and data analytics capabilities that mirror Verisk Nepal's risk-assessment and data-processing work.
• Infosys: Global IT services firm serving insurance and financial-services clients with custom development, data processing, and infrastructure services — directly substitutable for the type of work Verisk Nepal performs internally.
• Verisk Analytics: Parent company (NASDAQ: VRSK); the most directly comparable entity as the ultimate owner, customer, and strategic driver of Verisk Nepal's workload across insurance and risk analytics.
• DXC Technology: Global IT services company with significant insurance industry practice (including the former Xchanging assets), offering software development and business operations support similar to Verisk Nepal's portfolio.
• Cognizant: Large IT services and digital engineering provider with deep insurance industry practice; a credible alternative vendor if Verisk ever re-bids Verisk Nepal's captive software development work.
• Tata Consultancy Services: One of the largest IT services firms globally with a substantial insurance software practice, offering software development, QA automation, and infrastructure support comparable to Verisk Nepal's service mix.

Emerging players

• Mphasis: IT services firm with insurance and financial-services clients, offering application development, testing automation, and infrastructure support from offshore locations — closely paralleling Verisk Nepal's delivery footprint.

Direct peers

• Mastek: IT services firm specialized in insurance and financial services software; comparable in domain focus (underwriting, claims, insurance analytics) and delivery model to Verisk Nepal.
• Hexaware Technologies: IT services provider with insurance-specific software development and automation offerings, comparable in service mix and offshore delivery model to Verisk Nepal.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about Verisk Nepal