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Verisk (VRSK) Bets on Growth with Insurance Unit Launch


Verisk Insurance Solutions, a unit of leading data analytics provider, Verisk Analytics, Inc. VRSK, is seeking to grow organically with the launch of its new energy insurance unit. This unit will focus on providing analytical services to the oil and gas, petrochemicals, power generation, and metals and mining industries.

Verisk’s deep expertise in the field of analytics will enable it to develop data analytics solutions for the global property/casualty insurance space. With this latest solution, insurers will be able to evaluate and manage portfolios, which will help improve operational efficiencies, minimize costs, and expand profitably in challenging markets.

Alongside, Elizabeth Casas was appointed as Verisk Insurance Solutions’ managing director of energy and insurance. Casas has immense experience, having served companies in New York, Houston, London, Colombia, and Mexico. Prior to joining Verisk, she was the vice president and senior energy underwriter at Swiss Re Houston.



Verisk’s Objectives

Verisk continues to deliver outstanding data analytics solutions to customers across its core verticals of insurance, natural resources, and financial services. The company’s ability to generate strong cash enables it to meet its deleveraging objectives and invest on behalf of its shareholders.

Headquartered in Jersey City, NJ, Verisk is a data analytics and risk assessment firm with operations spread worldwide. It channelizes proprietary data and industry expertise to offer predictive analytics and decision support solutions to prevent fraud and other mishaps that could occur from the want of updated data.

Verisk currently carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the same space include LifeLock, Inc. LOCK, National Research Corp. NRCIB and National Research Corp. NRCIA. All three stocks hold a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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