Verisk Analytics, Inc. Named Top-Tier Software Vendor by APPS RUN THE WORLD in the APPS and CLOUD TOP 500 Market Report

356 Verisk Analytics, Inc.

Verisk Analytics, Inc. Strengths, Domain Expertise, and Key Differentiators

Verisk is a data analytics provider serving customers in insurance, energy and specialized markets, and financial services. Using advanced technologies to collect and analyze billions of records, Verisk draws on unique data assets and deep domain expertise to provide innovations that may be integrated into customer workflows. Verisk offers predictive analytics and decision-support solutions to help customers in rating, underwriting, claims, catastrophe and weather risk, natural resources intelligence, economic forecasting, and many other fields.

Verisk Analytics, Inc. Recent Developments

Verisk, a global data analytics provider, has been making strategic moves to address the industry's demand for speed and efficiency. In November 2021, they launched a cloud-based version of ISO Electronic Rating ContentTM (ERCTM), significantly reducing the time and effort for commercial lines insurers in updating rating content. In August 2020, the introduction of the EHR Triage Engine showcased their commitment to efficiency, utilizing data from electronic health records to expedite life insurance coverage applications.

July 2020 marked the launch of ISO ClaimSearch accelerator for Guidewire ClaimCenter v10, demonstrating Verisk's dedication to real-time claim analysis. The same period saw the introduction of Life Risk Navigator, a cloud-based stochastic risk modeling platform, showcasing cutting-edge analytics driven by Verisk’s Life Risk Models.

Verisk Analytics, Inc. Mergers and Acquisitions (M&A) Activities

In January 2022, Verisk announced the sale of its 3E business to New Mountain Capital for a potential aggregate cash consideration of up to $950 million, underlining strategic focus and financial flexibility. Over the past couple of years, Verisk has undertaken approximately 10 acquisitions, reinforcing its position in the market. Notable acquisitions include Genscape in August 2019, enhancing Wood Mackenzie’s sector intelligence in energy data.

Verisk Analytics, Inc. Customers in ARTW Customer Database

Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Verisk Analytics, Inc. applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of Verisk Analytics, Inc. and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified Verisk Cloud, customers.

Verisk Analytics, Inc. Overview

545 Washington Boulevard

Jersey City, NJ, 07310-1686, United States

1 201-469-3000

https://www.verisk.com/


Ownership: - NASDAQ: VRSK

Number of Employees: 7500

Functional Markets: Analytics and BI, CRM, ERP Services and Operations,

Key Verticals: Aerospace and Defense, Banking and Financial Services, Construction, Real Estate, Public Safety, Life Insurance, P&C Insurance, Specialty Insurance, Life Sciences, Manufacturing, Oil and Gas, Chemicals, Professional Services, Retail, Transportation, Utilities,

Verisk Analytics, Inc. Key Enterprise and Cloud Applications

Verisk Cloud,

Verisk Analytics, Inc. Revenues, $M:

Type/Year20222023YoY Growth, %
Total Revenues, $M Subscribe Subscribe Subscribe
Enterprise Applications Revenues, $M Subscribe Subscribe Subscribe
Cloud Applications Revenues, $M Subscribe Subscribe Subscribe

* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.

Verisk Analytics, Inc. Revenue Breakdown By Type, $M:

TypeLicenseServicesHardwareS&MSaaSPaaSIaaSOtherTotal
% of Total Revenues Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe 100%
Revenues, $M Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe

Verisk Analytics, Inc. Revenues By Region, $M

Region% of Total Revenues2023 Total Revenues, $M2023 Enterprise Applications Revenues, $M2023 Cloud Applications Revenues, $M
Americas Subscribe Subscribe Subscribe Subscribe
EMEA Subscribe Subscribe Subscribe Subscribe
APAC Subscribe Subscribe Subscribe Subscribe
Total Subscribe Subscribe Subscribe Subscribe

Verisk Analytics, Inc. Direct vs Indirect sales

RegionDirect SalesIndirect SalesTotal
Type % Subscribe Subscribe Subscribe
Revenues, $M Subscribe Subscribe Subscribe

Verisk Analytics, Inc. Customers - Breakdown by Geo, Size, Vertical and Product

List of Verified Verisk Analytics, Inc. Customers


No. of Verisk Analytics, Inc. Customers: x

No. of Verisk Analytics, Inc. Enterprise Applications Customers: x

No. of Verisk Analytics, Inc. Cloud Customers: x

No. of Verisk Analytics, Inc. Cloud Subscribers: x


Verisk boasts an impressive clientele, including the top 100 U.S. property/casualty insurers, major global chemical manufacturers, and leading energy providers. Reference customers like Sunrun and Mutual of Omaha Insurance Company highlight their wide industry reach.

Verisk Analytics, Inc. Market Opportunities, M&A and Geo Expansions

Verisk is well-positioned to capitalize on market opportunities by expanding into new regions and embracing Cloud, IoT, AI, and ML technologies.

In October 2021, Verisk has agreed to acquire ACTINEO, the rapidly expanding international market company for digitalization and medical assessment of bodily injury claims, for further expansion in Europe. With the acquisition, Verisk will add ACTINEO’s established claims management solutions to Verisk’s leading data analytics and insurance ecosystem, providing customers with digitalization and medical expertise solutions throughout the entire claims process.

In 2020, Verisk accelerated their international expansion with a new office in Krakow, Poland, focusing on data science and analytic talent. The new location strengthens their U.S. workforce with top-tier analytics capabilities and supports their current businesses in the UK and Ireland. They expanded their technology talent in Hyderabad, India; Bangalore, India; and Malaga, Spain and hired local talent to support in-country customers in Europe. Verisk selects sites carefully based on location and accessibility, size and infrastructure, available talent and supporting universities, cost, and market competition.

In March 2020, Verisk expanded its new InsurTech solution OneXperience into commercial insurance. This expansion will enable agents and businesses to engage and closely collaborate with insurers by sharing video surveys of commercial properties in real time, helping insurers and their customers accelerate the underwriting process.

Verisk Analytics, Inc. Risks and Challenges

While Verisk stands at the forefront of innovation, potential risks include dependency on the U.S. P&C insurance industry. A downturn or a reluctance to adopt their solutions could impact revenues.

Verisk Analytics, Inc. Ecosystem, Partners, Resellers and SI

In February 2020, Verisk launched its new analytics platform for automated underwriting of life insurance in collaboration with SCOR, a Tier 1 global reinsurer. Verisk’s new analytics platform is designed to help improve the life insurance buying experience for consumers and support insurers’ digital transformation. This solution is ultimately intended to substantially reduce the time needed to obtain an attending physician statement and enable accelerated underwriting. The scores will be validated against SCOR Global Life’s underwriting manual and vetted by its medical research and data science teams. Chef, Duck Creek Technologies, and Guidewire Software are the largest partners in this Verisk's ecosystem.

In February 2019 Verisk and SAP SE have entered into a strategic partnership to codevelop the next generation of product compliance solutions. The partnership agreement is strengthened by Verisk signing a definitive agreement to acquire SAP’s Content as a Service (CaaS) business, which includes the Environmental Health and Safety Regulatory Content (ERC) and Environmental Health and Safety Regulatory Documentation (ERD) teams and data assets. The business became part of Verisk 3E, a Verisk business focused on providing intelligent compliance solutions in environmental health and safety (EHS) and product compliance space.

Verisk Analytics, Inc. Cloud Infrastructure Insights

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  • Verisk Analytics, Inc. Public Cloud and Infrastructure (IaaS)
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  • Verisk Analytics, Inc. Private Cloud and Data Centers

Research Methodology

Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.


Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).


For additional information on our methodologies, here's the link:

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