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New Report: Average Annual Natural Catastrophe Losses for the Insurance Industry Reaches New High of $151 Billion

Verisk’s Extreme Event Solutions business cites exposure growth, impacts from climate change and climate variability and an increasing frequency of catastrophe events as contributors to steady rise in anticipated costs BOSTON, MA, Sept. 03, 2024 (Korea Bizwire) – Verisk (Nasdaq: VRSK), a leading global data analytics and technology provider, is newly reporting the average annual [...]

Verisk Estimates Industry Insured Losses in U.S. for Hurricane Beryl Will Range Between USD 2 Billion to USD 3 Billion

BOSTON , July 19, 2024 (Korea Bizwire) – The Extreme Event Solutions group at Verisk (Nasdaq: VRSK), a leading global data analytics and technology provider, estimates industry insured losses to onshore property from wind in the U.S. for Hurricane Beryl will range between USD 2 billion to USD 3 billion. Meteorological History of Beryl Beryl [...]

Verisk Estimates Industry Insured Losses from Flooding in Southern Germany to Range from EUR 2.4 Billion to EUR 3.6 Billion (USD 2.6 Billion to USD 3.9 Billion)

A relatively high proportion of the overall losses for this event are likely to be insured, owing to the high insurance take up for the flood peril BOSTON, June 19, 2024 (Korea Bizwire) – The Extreme Event Solutions business unit of Verisk (Nasdaq: VRSK), a leading global data analytics and technology provider, estimates industry insured [...]

Verisk Pioneers New Approach to Catastrophe Risk with Release of Next Generation Models

New release provides insurers and reinsurers with tools to make informed decisions and mitigate potential losses effectively JERSEY CITY, N.J., April 08, 2024 (Korea Bizwire) – Verisk, (Nasdaq: VRSK), a leading global data analytics and technology provider, has announced a monumental leap forward in global catastrophe modeling and risk analysis with the launch of Verisk’s [...]

Verisk Welcomes Greg Hendrick to Its Board of Directors

JERSEY CITY, N.J., Apr. 1 (Korea Bizwire) — Verisk (Nasdaq: VRSK), a leading global data analytics and technology provider, today announced that Greg Hendrick has been appointed independent director of the company’s Board of Directors effective immediately. Hendrick brings more than three decades of extensive insurance and reinsurance leadership experience. “We’re thrilled to welcome Greg to [...]

Verisk Earns Fourth Consecutive Great Place To Work Certification™ in India

HYDERABAD, INDIA, Feb. 15, 2024 (Korea Bizwire) – For the fourth consecutive year, leading global data analytics and technology provider Verisk (Nasdaq: VRSK) is Certified™ in India by Great Place To Work. This prestigious award is based entirely on what current employees say about their experience working at Verisk. Verisk’s certification is driven by an [...]

Verisk Names Doug Caccese and Saurabh Khemka Co-Presidents of Underwriting Solutions

Neil Spector to serve as strategic advisor, effective January 16 JERSEY CITY, N.J., Jan. 9 (Korea Bizwire) — Verisk (Nasdaq: VRSK), a leading global data analytics and technology provider, today announced that Doug Caccese and Saurabh Khemka will serve as co-presidents of Verisk Underwriting Solutions as Neil Spector moves into a strategic advisor role, effective [...]

Verisk Estimates Industry Insured Losses for the Noto Peninsula Earthquake to Range from JPY 260 Billion to JPY 480 Billion (USD 1.8 Billion to 3.3 Billion)

BOSTON, Jan. 08 (Korea Bizwire) — The Extreme Event Solutions business unit of Verisk (Nasdaq: VRSK), a leading global data analytics and technology provider, estimates that insured losses to properties from the January 1 M7.5 (per the United States Geological Survey) earthquake that struck near the Noto peninsula in Ishikawa prefecture, Japan, will be between [...]

Verisk Estimates Industry Insured Losses from Hurricane Otis to Range from MXN 50 Billion to MXN 110 Billion (~USD 3 Billion to 6 Billion)

Otis becomes strongest landfalling hurricane on record in this region and the fourth most intense in the nation’s history BOSTON, Nov. 01, 2023 (Korea Bizwire) – Verisk (Nasdaq: VRSK), a leading global data analytics and technology provider, estimates industry insured losses to onshore property for Hurricane Otis will likely fall from MXN 50 billion to [...]

Insurance Industry Faces Average Annual Natural Catastrophe Losses of $133B, A New High According to Verisk Report

BOSTON, Sept. 08 (Korea Bizwire) — The global modeled insured average annual loss from natural catastrophes is $133 billion, a new high captured in the latest analysis using Verisk’s extreme event solutions models. Not only should the insurance industry be prepared to experience total insured losses from natural catastrophes well in excess of $100 billion [...]