Verisk Analytics, Inc. (VRSK)

Verisk is a leading data analytics provider that serves customers primarily in the insurance market, having divested its energy business (completed February 1, 2023), specialized markets business (March 2022), and financial services business (April 2022). The company traces its history to 1971 as Insurance Services Office (ISO), a not-for-profit advisory and rating organization for the U.S. property and casualty (P&C) insurance industry, and became a public holding company, Verisk Analytics, Inc., trading on NASDAQ under "VRSK" since 2009. Verisk uses advanced technologies to collect and analyze billions of records, leveraging proprietary data assets, deep domain expertise, and predictive analytics to support customers in underwriting, rating, claims processing, catastrophe and weather risk modeling, and regulatory compliance.

Its core Insurance segment serves nearly all top 100 U.S. P&C insurers, offering industry-standard policy language, prospective loss cost data, and underwriting rules across 30 lines of insurance, along with statistical agent services in all 50 states, actuarial consulting, and property-specific underwriting data covering millions of commercial and residential properties. The company also provides probabilistic catastrophe models for hurricanes, earthquakes, floods, wildfires, cyber risk, and other perils across more than 110 countries, as well as weather and climate research solutions. Its claims solutions include fraud detection tools built on an all-claims database of over 1.6 billion records, Medicare Secondary Payer compliance services, building repair and reconstruction cost estimation tools, and virtual claims adjusting technology incorporating AI-powered damage assessment and image analytics.

Verisk has expanded internationally, serving insurers in the U.K., Ireland, Lloyd's and London markets, Canada, Continental Europe, Singapore, China, Australia, and New Zealand, and has broadened into life insurance, annuities, and insurance marketing solutions through acquisitions such as FAST, Jornaya, Contact State, and Infutor. Prior to their divestiture, the company's Energy and Specialized Markets segment provided data analytics and consulting across the global energy, chemicals, metals and mining, and power and renewables sectors, as well as environmental health and safety compliance solutions, while its former Financial Services segment offered bank account consortia data, benchmarking, and risk analytics to financial institutions, payment networks, and merchants. Verisk generates the substantial majority of its revenue—over 81% in 2022—through annual subscriptions or long-term prepaid agreements, reflecting deep integration of its solutions into customer workflows across the insurance industry.