Talk:Verisk Analytics

Requested edits: updates to public info

INTRO: FIRST PARAGRAPH, FIRST SENTENCE Remove “an American information services firm” and replace with “a data analytics and risk assessment firm” SOURCE http://www.verisk.com/About-Verisk/About/About-Verisk.html

•  Done CorporateM (Talk) 06:28, 19 January 2015 (UTC)

INTRO: FOURTH PARAGRAPH, FIRST SENTENCE ADD LINK TO: "The company’s Insurance Services Office (ISO) subsidiary..." SOURCE http://wiki.riteme.site/wiki/Insurance_Services_Office

•  Not done Wikipedia doesn't allow for external links in the body of the article. CorporateM (Talk) 06:28, 19 January 2015 (UTC)

INTRO: LAST PARAGRAPH, LAST SENTENCE Add this sentence about Verisk’s latest acquisition to end of paragraph: “In 2012, Verisk acquired Argus Information & Advisory Services, a premier provider of information, competitive benchmarking, scoring solutions, analytics, and customized services to financial institutions and regulators in North America, Latin America, and Europe.” SOURCE http://www.verisk.com/Press-Releases/2012/Verisk-Analytics-to-Acquire-Argus-Information-and-Advisory-Services.html

•  Not done Can you provide an independent secondary source? Any established news publications would do, for example. Also, language like "solutions", listing out each country it serves and providing a long list of services offered are all too promotional. Just saying they acquired an analytics company is adequate. CorporateM (Talk) 06:28, 19 January 2015 (UTC)

PHOTO Remove current image and add image of logo to page SOURCE http://www.verisk.com/images/stories/verisk/xlogo_verisk-t1.gif.pagespeed.ic.TjSTfox25w.png

• Please go ahead and upload the new logo image and keep the infobox up-to-date in this regard directly as a non-controversial edit allowed by WP:COI. CorporateM (Talk) 06:28, 19 January 2015 (UTC)

INFORMATION BOX INDUSTRY – Remove “Risk management” and replace with “Data analytics and risk assessment” SOURCE http://www.verisk.com/About-Verisk/About/About-Verisk.html KEY PEOPLE – Remove Frank J. Coyne (Chairman) and replace with Scott G. Stephenson (President & CEO) SOURCE http://www.verisk.com/About-Verisk/Leadership/Verisk-Leadership.html REVENUE AND NET INCOME - update to reflect 2013 annual report 2013 Revenue: $1.6 billion 2013 Consolidated EBITDA: $745 million SOURCES http://phx.corporate-ir.net/External.File?item=UGFyZW50SUQ9MjI4MDU1fENoaWxkSUQ9LTF8VHlwZT0z&t=1 http://investor.verisk.com/phoenix.zhtml?c=224676&p=irol-newsArticle&id=1952629 http://finance.yahoo.com/q?s=VRSK

• Same with these. Generally you can keep the infobox up to date as a non-controversial edit, as long as you don't create excessive lists of products or executives in the corresponding parameters. CorporateM (Talk) 06:28, 19 January 2015 (UTC)

CORPORATE LEADERSHIP Request update to align with the current leadership: REMOVE Frank Coyne UPDATE AS: Scott G. Stephenson, President and Chief Executive Officer Mark V. Anquillare, Group Executive, Risk Assessment and Executive Vice President and Chief Financial Officer Kenneth E. Thompson, Executive Vice President, General Counsel and Corporate Secretary Nana Banerjee, Group Executive, Chief Analytics Officer and President, Argus Information & Advisory Services S. Ming Lee, President, AIR Worldwide and Chief Executive, Verisk Climate Jim Loveland, Group Executive, Senior Vice President, Verisk Analytics and President, Xactware Solutions Perry F. Rotella, Group Executive, Supply Chain Risk Analytics and Senior Vice President and Chief Information Officer Eva F. Huston, Senior Vice President, Treasurer and Chief Knowledge Officer Mark S. Magath, Senior Vice President, Risk and Compliance Vince McCarthy, Senior Vice President, Corporate Development and Strategy Patrick McLaughlin, Senior Vice President, Corporate Social Responsibility Christopher H. Perini, Vice President and Chief Marketing Officer Marlene P. Reisman, Vice President, Human Resources SOURCE: http://www.verisk.com/About-Verisk/Leadership/Verisk-Leadership.html

•  Not done I removed this entire section - highly inappropriate material for an encyclopedia. More appropriate for the company website. We do normally cover each change in CEO in the corporate history section, but there is no need for us to provide a complete list of execs to readers. CorporateM (Talk) 06:28, 19 January 2015 (UTC)

ADD “COMPANIES” SECTION Provide list of Verisk's subsidiaries and business units: ISO 3E Atmospheric and Environmental Research (AER) AIR Worldwide Argus Information & Advisory Services Insurance Information Exchange (iiX) IntelliCorp National Equipment Register (NER) Verisk Health Xactware SOURCE: http://www.verisk.com/About-Verisk/Verisk-Family-of-Companies/Verisk-Family-of-Companies.html

•  Not done Wikipedia is not an indiscriminate collection of information. Long lists normally fall under this category. However if an independent secondary source summarized this information, we would probably include it. CorporateM (Talk) 06:28, 19 January 2015 (UTC)

70.108.254.237 (talk) 16:46, 3 November 2014 (UTC)

Verisk Analytics Updates

Replace logo: I'm using the Upload Wizard to replace the logo as Verisk has a new logo.

First Paragraph: Change “Verisk Analytics, Inc. is an American multinational data analytics and risk assessment firm based in Jersey City, New Jersey, with customers in insurance, natural resources, financial services, government, and risk management sectors.” To “Verisk Analytics, Inc. is an American multinational data analytics and risk assessment firm based in Jersey City, New Jersey, with clients in insurance, government, and risk management sectors. Verisk sold its energy and financial services businesses in 2022. Energy (Wood Mackenzie) divestiture: https://www.wsj.com/articles/verisk-nears-deal-to-sell-energy-analytics-unit-11667190317 “Verisk Analytics Inc. VRSK  has struck a deal to sell its energy-consulting arm, Wood Mackenzie, to private-equity firm Veritas Capital in a transaction valued at $3.1 billion or more.” Financial services divestiture: https://www.insurancebusinessmag.com/us/news/technology/verisk-to-sell-financial-services-business-326390.aspx “Data analytics provider Verisk has announced that it has entered into a definitive agreement to sell Verisk Financial Services, its financial services business unit, to TransUnion for $515 million in cash consideration, paid at closing.”

First paragraph: Change “The company uses proprietary data sets and industry expertise to provide predictive analytics and decision support consultations in areas including fraud prevention, actuarial science, insurance coverage, fire protection, catastrophe and weather risk, and data management.” to “The company uses proprietary data sets and industry expertise to provide predictive analytics and decision support consultations in areas including fraud prevention, actuarial science, insurance coverage, fire protection, catastrophe and weather risk, data management, and sustainability and political issues.” https://www.maplecroft.com/about-us/who-we-are/ “Global risk datasets covering 150+ environmental, social, political, economic issues for 198 countries, 200+ commodities and 74 industries”

Fourth paragraph: After “In 2004, it entered the healthcare market by acquiring several businesses, through which it offers analytical and reporting systems for health insurers, provider organizations, and self-insured employers.” Insert: “Verisk sold its healthcare services business to Veritas Capital in 2016.” https://www.reuters.com/article/business/verisk-analytics-signs-definitive-agreement-to-sell-its-healthcare-services-busi-idUSFWN17S0XG/ “Verisk analytics, inc., signs definitive agreement to sell its healthcare services business to Veritas Capital for $820 million”

Eighth paragraph: Change “Wood Mackenize (typo) was sold to Veritas Capital in October 2022 in a deal valued at $3.1 billion.” to “In 2022, Verisk made three divestitures. It sold Wood Mackenzie to Veritas Capital, its financial services business unit to TransUnion, and its 3E business to New Mountain Capital.” Wood Mackenzie divestiture: https://www.wsj.com/articles/verisk-nears-deal-to-sell-energy-analytics-unit-11667190317 “Verisk Analytics Inc. VRSK  has struck a deal to sell its energy-consulting arm, Wood Mackenzie, to private-equity firm Veritas Capital in a transaction valued at $3.1 billion or more.” Financial services divestiture: https://www.insurancebusinessmag.com/us/news/technology/verisk-to-sell-financial-services-business-326390.aspx “Data analytics provider Verisk has announced that it has entered into a definitive agreement to sell Verisk Financial Services, its financial services business unit, to TransUnion for $515 million in cash consideration, paid at closing.” 3E divestiture: https://www.streetinsider.com/Corporate+News/Verisk+Analytics+%28VRSK%29+Sells+3E+Business+to+New+Mountain+Capital+for+Up+to+%24950M+Cash/19496006.html “Verisk (Nasdaq: VRSK), a leading global data analytics provider, today announced that it has entered into a definitive agreement to sell its 3E business to New Mountain Capital, a growth-oriented investment firm with over $35 billion in assets under management, for a potential aggregate cash consideration of up to $950 million.”

Ninth paragraph: After “In December 2022, Verisk announced that it had entered into an agreement to acquire Mavera, a Sweden-based insurtech firm that operates a personal injury claims management platform.[18]” Insert (6 sections): "In 2022, Verisk also acquired Opta, Canada’s leading provider of property intelligence and innovative technology solutions, and Pruvan, a prominent provider of field-to-office management solutions for property preservation and construction professionals." Opta: https://iireporter.com/verisk-acquires-canadian-property-intelligence-provider-opta/ “Verisk (Jersey City) has announced that it has acquired Opta, a Markham, Ontario-based property intelligence and innovative technology solutions.” Pruvan: https://www.marketscreener.com/quote/stock/VERISK-ANALYTICS-INC-5628469/news/Verisk-Analytics-Inc-acquired-Pruvan-Inc-40496056/ “Verisk Analytics, Inc. (NasdaqGS:VRSK) acquired Pruvan, Inc. on May 18, 2022.” https://www.verisk.com/company/newsroom/verisk-acquires-pruvan-leading-work-order-management-solution-provider/ “Verisk today announced it has acquired Pruvan, a prominent provider of field-to-office management solutions for property preservation and construction professionals.”

"Verisk has expanded its offerings across Europe with the acquisitions of ACTINEO, the rapidly expanding international market leader for the digitalisation and medical assessment of bodily injury claims, SV Krug, a motor claims solutions provider, and Rocket, an insurtech provider in the property claims sector."  Actineo: https://www.reinsurancene.ws/verisk-agrees-to-acquire-actineo/ “Global data analytics provider Verisk has agreed to acquire ACTINEO, a claims management solutions provider.” SV Krug: https://www.reinsurancene.ws/verisk-acquires-german-insurtech-sv-krug/ “Global data analytics and technology provider Verisk has announced that it has acquired Krug Sachverständigen GmbH (SV Krug), a Germany-based motor claims solutions provider.” Rocket: https://www.insurancebusinessmag.com/uk/news/property-insurance/verisk-announces-acquisition-of-rocket-enterprise-solutions-472504.aspx “Verisk has completed the acquisition of Rocket Enterprise Solutions GmbH, an insurtech company based in Germany that specialises in the property claims sector.”

"In August 2017, Verisk acquired Sequel, a leading insurance and reinsurance software specialist based in London." Sequel: https://www.reinsurancene.ws/verisk-acquires-reinsurance-software-specialist-sequel/ “Verisk Analytics said it is to acquire commercial and specialty insurance and reinsurance software specialists, in a deal expected to further expand Verisk’s offerings and give the firm a stronger foothold in the London market. Verisk is set to acquire Sequel for £250 million from HgCapital and other Sequel investors.”

"Verisk enhanced and expanded its offerings for brokers and managing general agents (MGAs) with the acquisitions of Ignite, a provider of insurance policy administration systems, and Morning Data, a supplier of state-of-the-art software." Ignite Software Systems: https://www.insurancebusinessmag.com/uk/news/technology/verisk-business-sequel-acquires-ignite-software-systems-308736.aspx “Sequel – a Verisk business that develops insurance software – has entered into an agreement to acquire Ignite Software Systems. Based in Manchester, Ignite licenses an integrated Software as a Service (SaaS) platform which features policy administration, rating engine and digital engagement for brokers and MGAs.” Morning Data: https://www.coverager.com/verisk-acquires-morning-data/ “Verisk has acquired Morning Data, a London-based software provider for brokers and MGAs.”

"In November 2021, Verisk acquired Data Driven Safety, a leading public record data aggregation firm that specializes in driver risk assessment in the United States." Data Driven Safety: https://www.insurancejournal.com/news/southeast/2021/11/03/640342.htm “Verisk Analytics, the global data analytics firm, has acquired North Carolina-based Data Driven Safety to expand its automobile insurance underwriting data business, Verisk announced. Data Driven Safety, founded in 2009 and headquartered in Huntersville, North Carolina, has specialized in aggregating data on drivers from law enforcement records, state motor-vehicle departments and court records, on a daily basis.”

"Verisk acquired Jornaya, a leading provider of consumer behavioral data and intelligence, Infutor, a leading provider of identity resolution and consumer intelligence data, and Contact State, a lead generation certification technology platform, to form Verisk Marketing Solutions." Jornaya: https://iireporter.com/verisk-to-acquire-behavioral-data-and-intelligence-vendor-jornaya/ “Verisk (Jersey City, N.J.), a data analytics provider to the insurance industry, has announced that it has entered into an agreement to acquire Jornaya (Philadelphia), a provider of consumer behavioral data and intelligence.” Infutor: https://www.adexchanger.com/ad-exchange-news/verisk-buys-infutor-for-225-million-to-add-marketing-services-to-consumer-data-business/ “And that trend took another step forward on Thursday with the news that Verisk, a consumer data provider for insurance, lenders and financial services, acquired the identity resolution company Infutor…Verisk’s foray into the CMO org began with the company’s acquisition of Jornaya, a consumer journey tracking and lead generation startup, for $125 million in December 2020. The Verisk Marketing Solutions group, as the unit is called, will count about 200 employees, around 150 of whom are joining with Infutor.” Contact State: https://www.mpamag.com/uk/mortgage-types/residential/contact-state-acquired-by-verisk/390306 “Lead generation certification technology platform Contact State has been acquired by Verisk (Nasdaq:VRSK), a global data analytics and decision-support solutions provider.”

AliHerbert410 (talk) 14:54, 22 November 2024 (UTC)

References