Latest news with #Verisk
Scotsman
an hour ago
- Business
- Scotsman
Fife College wins prestigious award for UK-first Geospatial skills course
Fife College's groundbreaking Geospatial Foundation Skills course – the first of its kind to be delivered at further education level anywhere in the UK – has won the AGI Award for Geospatial Collaboration and Partnership at the prestigious national Association of Geographic Information (AGI) Awards. Sign up to our daily newsletter – Regular news stories and round-ups from around Scotland direct to your inbox Sign up Thank you for signing up! Did you know with a Digital Subscription to The Scotsman, you can get unlimited access to the website including our premium content, as well as benefiting from fewer ads, loyalty rewards and much more. Learn More Sorry, there seem to be some issues. Please try again later. Submitting... Presented at the 2025 Annual GeoBusiness Show in London earlier this month, the award recognises the course's pioneering approach to geospatial education and its major impact on developing critical skills for the future workforce. The course was designed with a vocational perspective and incorporated a significant degree of industry and public sector support from over 25 organisations. Launched in early 2025, Fife College's 18-week Geospatial Foundation Skills course introduces students to modern geo techniques; including geographic data quality capture methods, earth observation and Satellite technology and the basics in GIS operations – key tools used across vital industries such as renewable energy, transportation, healthcare, urban planning and environmental conservation. Advertisement Hide Ad Advertisement Hide Ad The course has been shaped in collaboration with a network of industry partners, including the UK Space Agency, Location Data Scotland, and AGI Scotland, giving students direct access to real-world expertise and emerging career pathways in the fast-growing geospatial sector. (l to r) Stuart Miller, Geospatial Lead at Fife College, Lauren Miller, Lecturer – Pathway to Healthcare & Life Sciences at Fife College, Iain Hawker, Assistant Principal – Partnerships & Enterprise at Fife College and Gillian Dobry, Academic & Quality Manager – Computing & Technologies at Fife College are pictured with the AGI Award for Geospatial Collaboration and Partnership. Tom Timms, Sales Director of Verisk, accepted the award on behalf of Fife College during a ceremony at the GeoBusiness Show at Excel London. In addition to receiving the award, Tom delivered a short speech reflecting the industry's backing for the programme. Earlier this year, Tom also delivered a guest lecture to the class, offering valuable insights into the application of Verisk data in working practice. Iain Hawker, Assistant Principal – Partnerships & Enterprise at Fife College, said:'We are incredibly proud to have received this national recognition for a course that is truly breaking new ground. The Geospatial Foundation Skills course was developed in close collaboration with industry to address a real and growing need for geospatial expertise across multiple sectors. 'These skills are in growing demand across everything from climate action to infrastructure and digital mapping. As the first college in the UK to deliver a course like this, we're proud to be leading the way and giving our students a head start in one of Scotland's fastest-growing industries. Advertisement Hide Ad Advertisement Hide Ad 'None of this would have been possible without the dedication and hard work of the curriculum design and delivery team, and I would like to express a special thanks to Stuart Miller and Lauren Miller. 'We'd also like to thank all our partners – including the UK Space Agency, Location Data Scotland, and AGI Scotland – whose support and expertise have been instrumental in making this course such a success.'
Yahoo
6 days ago
- Business
- Yahoo
Verisk selects One Inc's PremiumPay for insurance payments
Verisk has integrated One Inc's One PremiumPay into its Flexible Architecture, Simplified Technology (FAST), a platform designed to streamline life insurance operations. This allows inbound payment functionalities to be incorporated directly into the configurable architecture of the FAST system. With this move, Verisk aims to assist life insurers in their digital transformation efforts by minimising physical and indirect payment methods within the life and annuity market. The FAST platform supports insurers throughout the life insurance life cycle, encompassing product development, customer self-service, policy administration and claims management. By incorporating One Inc's payment technology, Verisk's FAST platform now enables carriers to offer an digital payment experience and streamline communication with policyholders. It also simplifies the digitalisation process and automates critical operations across various insurance lines, reducing costs and outdated practices associated with digital transformation. One Inc CEO Ian Drysdale said: 'This product integration offers a critical path to unlocking value from digital payments tailored to the needs of life insurers. We can eliminate the typical barriers of custom integrations and enable carriers to adopt modern inbound payment capabilities with greater speed and efficiency. This collaboration emphasises our strengths to modernise the life insurance landscape while offering a unified platform for payments.' Verisk underwriting solutions co-president Saurabh Khemka stated: 'At Verisk, we are committed to helping life insurers by providing data-rich solutions to achieve greater speed, flexibility and operational efficiency. By integrating digital payment capabilities in collaboration with PremiumPay, carriers can accelerate their modernisation efforts, reduce complexity and deliver improved customer experiences without the time and cost associated with updating their existing platforms.' In April, Verisk introduced a new catastrophe model to assist insurers in assessing the financial impact of strikes, riots and civil commotion within the US market. "Verisk selects One Inc's PremiumPay for insurance payments " was originally created and published by Life Insurance International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
18-06-2025
- Business
- Yahoo
One Inc Launches Pre-Built Payment Integration for Verisk's FAST Life Insurance Platform
PremiumPay® to Simplify Inbound Payments and Improve Speed for Policyholders FOLSOM, Calif., June 18, 2025--(BUSINESS WIRE)--One Inc, the leading digital payments network for the insurance industry, today announced the launch of a pre-built payment integration for Verisk's FAST ("Flexible Architecture, Simplified Technology"), a modern, flexible platform designed to streamline and scale life insurance operations. This new integration connects One Inc's industry-leading PremiumPay® for inbound payment capabilities directly into FAST's configurable system architecture, helping carriers accelerate their digital transformation by reducing the need for physical and non-direct payments in the life and annuity market. Verisk (Nasdaq: VRSK), a leading global data analytics and technology provider, and its FAST platform enable life insurers to quickly modernize and mitigate challenges spanning the life insurance life cycle, such as product development, customer self-service, policy administration and claims management. The company's integrated solutions accelerate carriers' time to market and deliver a superior digital policyholder experience. Integrating One Inc's payment technology within Verisk's FAST platform enables carriers to: Offer a modern payment experience and enhance communication with policyholders via one convenient platform. Simplify digitalization and automate critical processes to drive greater efficiency and scalability across life and annuity lines. Mitigate outdated strategies and operational costs associated with digitalization. "At Verisk, we are committed to helping life insurers by providing data-rich solutions to achieve greater speed, flexibility and operational efficiency," said Saurabh Khemka, co-president of underwriting solutions at Verisk. "By integrating digital payment capabilities in collaboration with PremiumPay, carriers can accelerate their modernization efforts, reduce complexity and deliver improved customer experiences without the time and cost associated with updating their existing platforms." "This product integration offers a critical path to unlocking value from digital payments tailored to the needs of life insurers," said Ian Drysdale, CEO of One Inc. "We can eliminate the typical barriers of custom integrations and enable carriers to adopt modern inbound payment capabilities with greater speed and efficiency. This collaboration emphasizes our strengths to modernize the life insurance landscape while offering a unified platform for payments." About One Inc One Inc is modernizing the insurance industry for over 270 carriers through a unified and frictionless payment network. Specializing solely in insurance, One Inc enhances carrier operations by cutting costs, boosting security, and improving customer experience. Their all-inclusive digital payments platform offers diverse payment options, multi-channel communications, and swift claim settlements, even for complex cases. As a leading digital payments platform, One Inc handles billions in premiums and claims annually. Recently acknowledged by CNBC as one of the World's Top Fintech Companies and consistently listed on the Inc. 5000 list of Fastest-Growing Companies over the past three years, One Inc stands as a leader in fintech innovation. For more details, please visit About Verisk Verisk (Nasdaq: VRSK) is a leading strategic data analytics and technology partner to the global insurance industry. It empowers clients to strengthen operating efficiency, improve underwriting and claims outcomes, combat fraud and make informed decisions about global risks, including climate change, extreme events, sustainability and political issues. Through advanced data analytics, software, scientific research and deep industry knowledge, Verisk helps build global resilience for individuals, communities and businesses. With teams across more than 20 countries, Verisk consistently earns certification by Great Place to Work and fosters an inclusive culture where all team members feel they belong. For more, visit and the Verisk Newsroom. View source version on Contacts Media Contact: Will LinkStanton Public Relations & Marketingoneinc@ (646) 502-3570 Morgan (551) 655-7858 Sign in to access your portfolio
Business Wire
18-06-2025
- Business
- Business Wire
One Inc Launches Pre-Built Payment Integration for Verisk's FAST Life Insurance Platform
FOLSOM, Calif.--(BUSINESS WIRE)-- One Inc, the leading digital payments network for the insurance industry, today announced the launch of a pre-built payment integration for Verisk's FAST ('Flexible Architecture, Simplified Technology'), a modern, flexible platform designed to streamline and scale life insurance operations. This new integration connects One Inc's industry-leading PremiumPay® for inbound payment capabilities directly into FAST's configurable system architecture, helping carriers accelerate their digital transformation by reducing the need for physical and non-direct payments in the life and annuity market. Verisk (Nasdaq: VRSK), a leading global data analytics and technology provider, and its FAST platform enable life insurers to quickly modernize and mitigate challenges spanning the life insurance life cycle, such as product development, customer self-service, policy administration and claims management. The company's integrated solutions accelerate carriers' time to market and deliver a superior digital policyholder experience. Integrating One Inc's payment technology within Verisk's FAST platform enables carriers to: Offer a modern payment experience and enhance communication with policyholders via one convenient platform. Simplify digitalization and automate critical processes to drive greater efficiency and scalability across life and annuity lines. Mitigate outdated strategies and operational costs associated with digitalization. 'At Verisk, we are committed to helping life insurers by providing data-rich solutions to achieve greater speed, flexibility and operational efficiency,' said Saurabh Khemka, co-president of underwriting solutions at Verisk. 'By integrating digital payment capabilities in collaboration with PremiumPay, carriers can accelerate their modernization efforts, reduce complexity and deliver improved customer experiences without the time and cost associated with updating their existing platforms.' 'This product integration offers a critical path to unlocking value from digital payments tailored to the needs of life insurers,' said Ian Drysdale, CEO of One Inc. 'We can eliminate the typical barriers of custom integrations and enable carriers to adopt modern inbound payment capabilities with greater speed and efficiency. This collaboration emphasizes our strengths to modernize the life insurance landscape while offering a unified platform for payments.' About One Inc One Inc is modernizing the insurance industry for over 270 carriers through a unified and frictionless payment network. Specializing solely in insurance, One Inc enhances carrier operations by cutting costs, boosting security, and improving customer experience. Their all-inclusive digital payments platform offers diverse payment options, multi-channel communications, and swift claim settlements, even for complex cases. As a leading digital payments platform, One Inc handles billions in premiums and claims annually. Recently acknowledged by CNBC as one of the World's Top Fintech Companies and consistently listed on the Inc. 5000 list of Fastest-Growing Companies over the past three years, One Inc stands as a leader in fintech innovation. For more details, please visit About Verisk Verisk (Nasdaq: VRSK) is a leading strategic data analytics and technology partner to the global insurance industry. It empowers clients to strengthen operating efficiency, improve underwriting and claims outcomes, combat fraud and make informed decisions about global risks, including climate change, extreme events, sustainability and political issues. Through advanced data analytics, software, scientific research and deep industry knowledge, Verisk helps build global resilience for individuals, communities and businesses. With teams across more than 20 countries, Verisk consistently earns certification by Great Place to Work and fosters an inclusive culture where all team members feel they belong. For more, visit and the Verisk Newsroom.
Yahoo
11-06-2025
- Business
- Yahoo
VRSK Q1 Earnings Call: Product Innovation and Subscription Growth Support Full-Year Outlook
Insurance data analytics provider Verisk Analytics (NASDAQ:VRSK) met Wall Street's revenue expectations in Q1 CY2025, with sales up 7% year on year to $753 million. The company's outlook for the full year was close to analysts' estimates with revenue guided to $3.06 billion at the midpoint. Its non-GAAP profit of $1.73 per share was 2.8% above analysts' consensus estimates. Is now the time to buy VRSK? Find out in our full research report (it's free). Revenue: $753 million vs analyst estimates of $750.8 million (7% year-on-year growth, in line) Adjusted EPS: $1.73 vs analyst estimates of $1.68 (2.8% beat) Adjusted EBITDA: $416.6 million vs analyst estimates of $409.5 million (55.3% margin, 1.7% beat) The company reconfirmed its revenue guidance for the full year of $3.06 billion at the midpoint Management reiterated its full-year Adjusted EPS guidance of $6.95 at the midpoint EBITDA guidance for the full year is $1.7 million at the midpoint, below analyst estimates of $1.7 billion Operating Margin: 43.8%, in line with the same quarter last year Market Capitalization: $43.68 billion Verisk's first quarter results were driven by double-digit growth in subscription revenues and ongoing expansion across both underwriting and claims solutions. Management attributed the performance to strong price realization in renewal contracts, expanded relationships with existing clients, and the successful rollout of new analytic tools. CEO Lee Shavel emphasized that Verisk's Core Lines Reimagine project and the addition of new data sources—including aerial analytics and real estate records—have enhanced the company's property risk assessment capabilities. The quarter also benefited from conversions of transactional contracts to committed subscriptions, with CFO Elizabeth Mann noting that this strategy helped stabilize revenue streams, even as some non-insurance segments continued to face headwinds. Looking ahead, Verisk's full-year outlook is supported by continued investment in data-driven product innovation and a growing emphasis on connecting clients' disparate data sets through cloud-native solutions. Management highlighted the upcoming launch of Verisk Synergy Studio, a platform designed to integrate catastrophe modeling and risk analytics, as a key initiative. Shavel stated, 'We are leaning in on investment toward invention to create new solutions on behalf of the industry.' However, the company remains cautious regarding the impact of macroeconomic factors, such as tariffs and inflation, on its insurance clients' profitability and spending priorities. Mann also pointed out that while most revenue is resilient due to its insurance focus, economically sensitive segments like marketing and federal government services could face pressure if discretionary spending contracts. Verisk's management credited Q1 performance to broad-based growth in core subscription products, ongoing digital transformation, and the ability to deliver actionable insights in a volatile risk environment. Subscription model expansion: Management noted that committed subscription contracts now comprise 83% of revenue, up from prior years, with broad-based adoption across underwriting and claims solutions. This reduces earnings volatility and increases visibility. Core Lines Reimagine progress: The ongoing Core Lines Reimagine initiative enables faster delivery of actuarial and benchmarking insights, supported by advanced data integration. New features such as the Actuarial Hub and Executive Insights reports allow clients to access loss trends more quickly, helping them adjust to changing risk profiles. Cloud-native product development: The company is developing Verisk Synergy Studio, a cloud-native catastrophe modeling platform, with a launch planned for 2026. Management reported strong client interest during early demonstrations, viewing it as a future hub for integrating Verisk's analytics offerings. Customer ecosystem connectivity: Efforts to connect more partners to Verisk's platforms—such as property estimating and anti-fraud solutions—are broadening the ecosystem, driving incremental revenue and improving customer efficiency through interoperability. Acquisitions and innovation: The recent acquisition of Simplitium from NASDAQ expands access to third-party risk models, supporting Verisk's Extreme Events business. Management described this as part of a broader strategy to augment proprietary analytics with external data sources, bolstering the company's value proposition. Verisk expects subscription growth, expanded product offerings, and continued digital transformation to support high-single-digit revenue growth and stable margins, though macroeconomic uncertainties remain. Product innovation pipeline: Management highlighted ongoing investments in cloud-based platforms and generative AI tools, which are expected to drive long-term client retention and cross-sell opportunities. The rollout of Verisk Synergy Studio and enhancements to the Core Lines platform are seen as key differentiators for future growth. Pricing and value realization: Improved price realization, especially in contracts tied to insurance premium growth, is anticipated to remain a structural driver. Management emphasized that investments in data accuracy and analytics allow Verisk to capture a greater share of the value delivered to clients, though they acknowledged that achieving full price-value alignment is a continuous process. Economic and regulatory risks: Management pointed to potential headwinds from inflation, tariffs, and regulatory changes, which could impact insurance industry profitability and discretionary spending in non-core segments. They stated that most of Verisk's revenue is resilient, but certain smaller segments are more exposed to macroeconomic shifts. In the coming quarters, the StockStory team will monitor (1) the pace of client adoption for new platforms like Verisk Synergy Studio, (2) further expansion of committed subscription revenues, and (3) the effectiveness of price realization initiatives in response to insurance market conditions. We will also track the impact of macroeconomic headwinds and regulatory changes on both core and non-core business segments. Verisk currently trades at a forward P/E ratio of 43.2×. Should you double down or take your chips? The answer lies in our full research report (it's free). The market surged in 2024 and reached record highs after Donald Trump's presidential victory in November, but questions about new economic policies are adding much uncertainty for 2025. While the crowd speculates what might happen next, we're homing in on the companies that can succeed regardless of the political or macroeconomic environment. Put yourself in the driver's seat and build a durable portfolio by checking out our Top 5 Strong Momentum Stocks for this week. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-micro-cap company Kadant (+351% five-year return). Find your next big winner with StockStory today.
