Verisk Analytics Business Summary

Verisk Analytics, Inc. (VRSK) operates as a leading pure-play data analytics provider for the global insurance industry, following the strategic divestiture of its energy and financial services units. The company generates approximately 84% of its revenue through a high-margin, subscription-based model characterized by multi-year contracts and high retention rates, with the remainder derived from transaction-based fees. Its operations are divided into two primary segments: Underwriting Solutions, which provides proprietary data and predictive models for risk assessment, and Claims Solutions, which offers end-to-end tools for fraud detection and loss estimation. Verisk maintains a dominant market position by leveraging massive proprietary databases, such as the ISO claim search, positioning it as an essential industry utility. Its primary competitors include LexisNexis Risk Solutions, CoreLogic, CCC Intelligent Solutions, and Moody’s (RMS); while these firms offer overlapping data services, Verisk distinguishes itself through its unparalleled depth of historical loss data and deep integration into the actuarial workflows of property and casualty insurers. The company is led by President and CEO Lee Shavel, who previously served as the CFO of Nasdaq and held senior investment banking roles at Bank of America Merrill Lynch. The executive leadership includes CFO Elizabeth Mann, formerly of S&P Global, and Steven Kauderer, who was appointed President of Claims Solutions in February 2026 following a senior partnership at EY-Parthenon. Saurabh Khemka, a former Bain & Company principal, serves as President of Underwriting Solutions, while Nicholas Daffan leads the firm’s cloud-native data strategy as Chief Information Officer. Verisk was originally founded in 1971 as the Insurance Services Office (ISO), a non-profit association of insurers, before transitioning to a for-profit entity and launching a landmark IPO in 2009. The company’s board is anchored by Lead Independent Director Bruce Hansen and includes notable industry figures like Jeffrey Dailey, reflecting a leadership pedigree deeply rooted in financial services and high-scale data architecture.