Time New York: Thu 29 Sep 21:34 pm  |  Save 15% on H&R Block Online

  
caticonslite_bm_alt

Verisk Seeks to Grow with Enhanced Insurance Portfolio

Zacks

Verisk Insurance Solutions, a unit of leading data analytics provider, Verisk Analytics, Inc. VRSK, recently announced collaboration with SAP SE SAP to utilize its cloud-based solution Circular Authority for Insurance for tracking and analyzing Insurance Service Office (ISO) Circulars.

About Circular Authority for Insurance

On Jun 3, 2013, SAP had introduced Circular Authority for Insurance, the market’s first cloud-based solution which was used by the ISO. The Circular Authority for Insurance solution enables insurers plan, implement, and track their filings with state regulators, as well as it helps them stay informed.

The Deal


The addition of this software to Verisk’s product portfolio will add value and functionality for its customers. Verisk and SAP intend to transfer all its existing Circular Authority for Insurance customers to ISO. This software will enable faster access to less complex circular tracking and analysis in the cloud. Verisk’s deep expertise in the field of analytics when collaborated with this highly advanced system will enable its customers to make decisions about their business in a more precise and efficient way.

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). A couple better-ranked stocks in the same space include LifeLock, Inc. LOCK and National Research Corp. NRCIB, both stocks hold a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Confidential from Zacks

Beyond this Analyst Blog, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

To read this article on Zacks.com click here.
<-- You can share this post with your network,
or give us your opinion and leave a comment.
Be sure to check our RSS feeds for updates.