Verisk Analytics, Inc.
Verisk Analytics is a U.S.-based data, analytics, and technology company focused on the insurance ecosystem. It provides proprietary data assets, statistical models, software platforms, and decision-support tools used in underwriting, claims, catastrophe modeling, weather risk, and specialty insurance workflows.
Fiscal year 2025 · change from previous year
Development 2020–2025
Business
Share of revenueData, models, and software used for rating, pricing, and underwriting insurance risk.
Tools for claims handling, fraud detection, repair estimating, and injury analytics.
Software for specialty insurance and reinsurance workflows, including placement and claims.
Producer licensing, onboarding, appointment, and compliance tools for life insurance.
Catastrophe, weather, exposure, and niche analytics products sold across insurance markets.
Customers
Verisk sells primarily to insurers, reinsurers, brokers, managing general agents, and other participants in the insurance value chain. Its largest customers are organized into tiers, with the biggest U.S. and global insurance groups receiving executive-level account management, while smaller specialty firms are served through business-unit sales teams.
The largest insurers and global accounts that buy multiple integrated solutions across underwriting, claims, and specialty workflows.
Mid-sized insurers and specialty firms that purchase selected analytics, software, or claims products.
Smaller or niche companies that buy a single product line or regional solution.
Buy rating, underwriting, claims, catastrophe, and fraud analytics to improve risk selection and claims handling.
Buy producer licensing, onboarding, appointment, and compliance tools to automate distribution workflows.
Buy specialty software for placement, policy administration, and reinsurance processing.
Strategy
Verisk’s strategy centers on embedding its data and analytics into customer workflows so that clients use multiple products across underwriting, claims, and specialty operations. It also expands through acquisitions and product integration, adding niche datasets and workflow software that deepen customer relationships and broaden its insurance platform.
Embedded tools are harder to replace and support multi-product adoption.
These areas broaden the addressable market beyond core P&C analytics.
Proprietary datasets and models are the core source of product value.
Global specialty insurance markets provide additional workflow and software demand.
Geography
Q1/2026Verisk operates primarily in the United States, where it serves much of the property and casualty insurance market. It also sells specialty insurance software and analytics internationally, with a notable presence in London and broader global specialty markets. Its products are used across North America, Europe, and other insurance centers, so geography matters mainly through customer location, regulatory regimes, and local insurance workflows.
Share of the revenue the company reports by geography.
Risks
Verisk depends on the quality, security, and relevance of its data and models, so errors, model limitations, or cyber incidents could damage customer trust and product adoption. It also faces strong competition from insurers’ internal systems, software vendors, consulting firms, and InsurTech providers, while AI-related features add privacy, bias, and intellectual property risks.
- Model risk and analytical errorImpact: HighLikelihood: Medium
Customers rely on Verisk outputs for underwriting, claims, and catastrophe decisions, so inaccurate models can reduce trust and create losses.
Exposure - Cybersecurity and data privacy breachesImpact: HighLikelihood: Medium
The business stores and processes sensitive insurance and proprietary data across internal and third-party systems.
Exposure - AI-related compliance and reputational riskImpact: MediumLikelihood: Medium
New AI features can introduce bias, privacy, security, and intellectual property concerns.
Exposure: Internal systems and customer-facing products
- Competitive pressureImpact: MediumLikelihood: Medium
Customers can use internal resources or alternative vendors, which can pressure pricing and retention.
Exposure - Customer concentration and renewal riskImpact: Medium
Large Tier One clients buy multiple products, so loss of a major account could affect revenue.
Exposure: Large insurance groups
Accounting
Judgemental itemsAcquisitions create significant intangible balances that require amortization and impairment testing.
Impact: Can materially affect operating income and net income
Recent acquisitions require valuation of acquired assets and liabilities, affecting future amortization.
Impact: Impacts earnings pattern after acquisitions
Solutions may be sold as integrated packages or components, so timing and allocation judgments matter.
Impact: Affects quarterly revenue comparability
Customer receivables in software and data services require credit-loss estimates.
Impact: Affects net revenue and working capital
Discount rates and expected returns influence benefit expense and liabilities.
Impact: Affects operating expense and balance sheet
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Last updated: 24/09/2026