Verisk Named People's Choice Innovation Vendor of the Year by Insurance Nexus
11 December 2018 - 1:31AM
JERSEY CITY, N.J., December 10, 2018
- Verisk (Nasdaq:VRSK), a leading data analytics provider, was
named the People's Choice Innovation Vendor of the Year at the
Insurance Innovation Awards 2018. The award, sponsored by Insurance
Nexus, a global provider of insights and events for the insurance
industry, acknowledges the solution provider that has demonstrated
exceptional innovation within insurance over the past year.
"Verisk's innovation spans the entire insurance
value chain from underwriting through claims," said Mark
Anquillare, executive vice president and chief operating officer of
Verisk. "Our products and platforms help our customers take on
industry disruption and compete effectively in a rapidly changing
world. The innovation award is powerful validation that our
solutions are making an impact on the industry."
Verisk's InsurTech solutions are grounded in
cutting-edge data management expertise, new technology platforms,
and advanced data science methods. Solutions reflect efforts across
multiple fields of innovation, including the emerging Internet of
Things (IoT) and traditional underwriting, to help boost efficiency
and improve the policyholder experience.
In IoT, the Verisk Data Exchange(TM) holds a
growing repository of connected car and other data collected and
normalized for a wide range of efficient and customer-focused
insurance applications. One of those applications is Verisk's
Instant Notice of Loss (INOL) solution, which can connect a
customer who has been in an accident with his or her insurance
company, right from the scene of the accident. Insurers can assist
the customer initiating the claim and enable the policyholder with
services such as towing, finding a repair shop, rental car, and
more.
Verisk innovation has also led to new workflow
solutions that can help make underwriting and buying insurance
faster and more efficient. One example is LightSpeed(TM) Auto, a
real-time underwriting platform that leverages multiple sources of
information to quickly deliver bindable quotes and provide a
process that's easy for applicants.
The innovation award was announced November 28
during the Connected Insurance USA Summit in Chicago.
For more information about Verisk innovations,
visit www.verisk.com/insurance.
About Verisk
Verisk (Nasdaq:VRSK) is a leading 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 first-to-market innovations that
are integrated into customer workflows. Verisk offers predictive
analytics and decision support solutions to customers in rating,
underwriting, claims, catastrophe and weather risk, global risk
analytics, natural resources intelligence, economic forecasting,
and many other fields. Around the world, Verisk helps customers
protect people, property, and financial assets.
Headquartered in Jersey City, N.J., Verisk
operates in 30 countries and is a member of Standard & Poor's
S&P 500® Index. In
2018, Forbes magazine named Verisk to its
World's Best Employers list. For more information, please visit
www.verisk.com.
Contact:
Eboni Thomas
Edelman (for Verisk)
212-642-7784
eboni.thomas@edelman.com
This
announcement is distributed by West Corporation on behalf of West
Corporation clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Verisk Analytics Inc. via Globenewswire
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