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Verisk Targeting the U.S. Insurance Market To Expand Its Whitespace Platform
Gurufocus· 2024-10-05 06:18
October 4, 2024 - Verisk (VRSK, Financial) just launched its "Whitespace" in the U.S. Whitespace is a data analytics platform designed to help insurance companies identify and analyze untapped market opportunities. Whitespace was initially launched in the London market and has now expanded to the US. The product has seen significant growth in London, with nearly 170,000 lines written in 2024, compared to just 50,000 in 2022. This success demonstrates the value that Whitespace can bring to the (re)insurance ...
Verisk Announces U.S. Expansion of Industry-Leading (Re)Insurance Platform Whitespace
GlobeNewswire News Room· 2024-10-04 20:15
JERSEY CITY, N.J., Oct. 04, 2024 (GLOBE NEWSWIRE) -- Verisk (Nasdaq: VRSK), a leading global data analytics and technology provider, today announced the U.S. launch of Whitespace, an all-in-one intuitive platform which enables brokers, underwriters and managing general agents (MGAs) to offer, negotiate and place business in the global (re)insurance market. The only truly digital platform of its kind, Whitespace caters to different business classes and geographical regions, now including U.S.- based brokers, ...
Verisk Estimates Industry Insured Losses from Flooding in Central Europe to Range from EUR 2 Billion (~USD 2.2 Billion) to EUR 3 Billion (~USD 3.4 Billion)
GlobeNewswire News Room· 2024-10-01 17:17
BOSTON, Oct. 01, 2024 (GLOBE NEWSWIRE) -- The Extreme Event Solutions group at Verisk (Nasdaq: VRSK), a leading global data analytics and technology provider, estimates that insured industry losses from the flooding in Czechia, Poland and Austria in September 2024 will range from EUR 2 billion (~USD 2.2 billion) to EUR 3 billion (~USD 3.4 billion). Like the June flood event in Europe that primarily impacted Germany, this weather event was caused by a Vb ("five-b") weather system, a relatively unusual setup ...
New Report: Average Annual Natural Catastrophe Losses for the Insurance Industry Reaches New High of $151 Billion
GlobeNewswire News Room· 2024-09-03 16:00
BOSTON, MA, Sept. 03, 2024 (GLOBE NEWSWIRE) -- Verisk (Nasdaq: VRSK), a leading global data analytics and technology provider, is newly reporting the average annual loss (AAL) from global natural catastrophes has reached a new high of $151 billion (with non-crop losses making up $119 billion). Additionally, the average exposure growth is expected to be 7.2 percent, including growth in property replacement values from new construction and inflation across modeled countries over the past five years. These fin ...
Update: U.S. Insurance Industry Begins to See Surplus Recovery, Boosted by First Half Capital Gains and Signs of U.S. Property and Casualty Firms Inching Towards Stabilization
GlobeNewswire News Room· 2024-08-29 01:34
JERSEY CITY, N.J., Aug. 28, 2024 (GLOBE NEWSWIRE) -- Verisk (Nasdaq: VRSK), a leading global data analytics and technology provider, and The American Property Casualty Insurance Association (APCIA), the primary national trade association for home, auto and business insurers, today reported that half-year 2024 gains for the insurance industry are estimated to be $95 billion. Adjusting for over $50 billion in capital gains realized by one insurer, first half 2024 gains are estimated to be approximately $45 bi ...
U.S. Insurance Industry Begins to See Surplus Recovery, Boosted by First Quarter Capital Gains and Signs of U.S. Property and Casualty Firms Inching Towards Stabilization
GlobeNewswire News Room· 2024-08-29 00:03
JERSEY CITY, N.J., Aug. 28, 2024 (GLOBE NEWSWIRE) -- Verisk (Nasdaq: VRSK), a leading global data analytics and technology provider, and The American Property Casualty Insurance Association (APCIA), the primary national trade association for home, auto and business insurers, today reported that half-year 2024 gains for the insurance industry are estimated to be $95 billion. Adjusting for over $50 billion in capital gains realized by one insurer, first half 2024 gains are estimated to be approximately $45 bi ...
Verisk Chief Human Relations Officer Sunita Holzer Joins Liberty Science Center's Board of Trustees
GlobeNewswire News Room· 2024-08-01 20:15
文章核心观点 - 该公司的首席人力资源官Sunita Holzer被选举加入Liberty Science Center的董事会 [1][2][3] - Liberty Science Center是一家非营利性学习中心,致力于激发所有年龄段学习者对科学、技术、工程和数学的兴趣 [1][10][11] - Holzer在保险、金融和计算机科学等多个行业拥有近30年的企业级业务领导经验,将为董事会提供宝贵的声音 [2][4] - 该公司支持Liberty Science Center的STEM教育事业,是其长期致力于支持教育事业和核心价值观的一部分 [2][5][7] - 该公司的业务中包含大量涉及数据科学、预测分析、气象等STEM领域的工作,支持Liberty Science Center也是为了培养未来的STEM人才 [6][8] 公司概况 - 该公司是一家领先的全球数据分析和技术提供商,总部位于新泽西州泽西城 [1][9] - 公司在全球拥有超过7,500名员工,分布在20多个国家 [4][9] - 公司在增强运营效率、改善承保和理赔结果、打击欺诈以及就全球风险做出明智决策等方面为客户提供支持 [9] - 公司通过先进的数据分析、软件、科学研究和深厚的行业知识,帮助个人、社区和企业建立全球抗灾能力 [9] - 公司连续多年获得Great Place to Work认证,营造了包容性文化,让所有员工都有归属感 [9] 行业概况 - 该公司为全球保险行业提供战略数据分析和技术合作伙伴服务 [9] - 公司在数据科学、预测分析、气象等STEM领域拥有大量专业人才,支持保险行业的创新和发展 [6][8] - 公司通过先进的数据分析、软件等技术,帮助保险公司提高运营效率、改善承保和理赔结果、打击欺诈 [9]
Verisk Chief Human Relations Officer Sunita Holzer Joins Liberty Science Center's Board of Trustees
Newsfilter· 2024-08-01 20:15
JERSEY CITY, N.J., Aug. 01, 2024 (GLOBE NEWSWIRE) -- Verisk (NASDAQ:VRSK), a leading global data analytics and technology provider, today announced that its Chief Human Relations Officer, Sunita Holzer, has been elected to Liberty Science Center's Board of Trustees. Liberty Science Center is a nonprofit learning center with a mission to excite learners of all ages about the power, promise and pure fun of science, technology, engineering and math. The Center's mission aligns with Verisk's longstanding commit ...
Verisk(VRSK) - 2024 Q2 - Earnings Call Transcript
2024-08-01 03:05
财务数据和关键指标变化 - 第二季度收入为7.17亿美元,同比增长6.2% [31] - 持续经营业务收益为3.08亿美元,同比增长51% [31] - 每股摊薄GAAP收益为2.15美元,同比增长53% [31] - 调整后净收入增长13%至2.49亿美元,每股调整后收益增长15%至1.74美元 [50] - 经营活动现金流增长10%至2.12亿美元,自由现金流增长14%至1.54亿美元 [51] 各条业务线数据和关键指标变化 - 承保业务有机常汇率收入增长6%,理赔业务有机常汇率收入增长5.8% [33] - 订阅收入占总收入的81%,有机常汇率增长8.3% [34][35] - 交易收入占总收入的19%,有机常汇率下降3% [39][40] 各个市场数据和关键指标变化 - 房主险在2023年创下了15.2亿美元的最高赔付记录,17个州的直接合并比率超过100% [17][18] - 这导致保险公司在某些市场限制承保,并退出某些州和业务线 [18] 公司战略和发展方向及行业竞争 - 公司专注于为保险生态系统创造长期价值,保持一致和可预测的增长 [15] - 公司通过提高客户的效率、准确性和洞察力来帮助客户应对技术和监管变革 [19][20] - 公司正在与客户建立更加战略性的关系,为他们提供更广泛的数据和分析应用 [21][22][23][24][25] - 公司正在建立一个保险行业的网络平台,提供更多的生态系统解决方案 [25][26][27] - 公司不断创新,如推出了经验指数等新产品 [28][29][30] 管理层对经营环境和未来前景的评论 - 行业保费增长强劲,预计2024年将增长8% [15][16] - 行业盈利能力有所改善,但仍存在不确定性 [16][17][18] - 公司将继续投资创新和技术,帮助客户提高效率和准确性 [14] - 公司对2024年全年的指引保持不变,对实现战略、运营和财务目标充满信心 [10][54] 其他重要信息 - 公司在第二季度完成了1.5亿美元的加速股票回购计划 [53] - 公司收到了之前出售业务的1.12亿美元现金收益 [52] - 公司的现金余额为6.32亿美元,财务灵活性强 [53] 问答环节重要的提问和回答 问题1 **Manav Patnaik 提问** 询问公司8%的两年复合年增长率的驱动因素,包括定价提升和交易转订阅的影响 [59][60][61][62][63][64][65][66][67] **Lee Shavel 回答** 公司通过提高产品价值和客户认知,以及新产品和新市场拓展来实现持续增长 [60][61][62][63][64][65] 问题2 **Surinder Thind 提问** 询问交易业务中天气相关和汽车相关收入的情况 [68][69][70] **Lee Shavel 和 Elizabeth Mann 回答** 2023年第二季度有异常高的汽车购物活动和天气相关理赔,导致今年同期的交易收入增速放缓,未来会逐步恢复正常水平 [69][70][71][72] 问题3 **Toni Kaplan 提问** 询问交易转订阅对本季度业绩的具体影响 [74][75][76][77][78] **Lee Shavel 和 Elizabeth Mann 回答** 交易转订阅确实对本季度收入增速产生了一定影响,但公司不会量化具体数字,未来这种影响会逐步减弱 [96][97][98]
Verisk (VRSK) Earnings Surpass Estimates in Q2, Revenues Miss
ZACKS· 2024-08-01 01:46
Verisk Analytics Inc. (VRSK) has reported mixed second-quarter 2024 results, wherein earnings surpassed the Zacks Consensus Estimate, while revenues missed the same. VRSK's adjusted earnings (excluding 41 cents from non-recurring items) were $1.7 per share, surpassing the Zacks Consensus Estimate by 6.8% and rising 15.2.% from the year-ago quarter. Total revenues of $716.8 million missed the consensus estimate marginally while increasing 6.2% on a year-over-year basis. VRSK shares have gained 19.7% over the ...