Verisk Analytics, Inc. · NASDAQ:VRSK
Verisk Analytics — Conference Presentation (January 2025)
23 slides from Verisk Analytics's conference presentation, January 2025
Slide 1: Verisk + Guidewire: The Power of an Integrated Insurance Ecosystem
Verisk + Guidewire: The Power of an Integrated Insurance Ecosystem January 2025 © Verisk Analytics, Inc. All rights reserved. 1
Slide 2: Presenters
Presenters Valerie Archer Tim Kennedy Jason Taylor Director, Business Development Senior Global Solution Alliances Manager, VP Ecosystem and Sales Engineers, Verisk Verisk Underwriting Guidewire Software Claims Solutions Zameer Vistro Tracey Waller MODERATOR - Mark Popolizio Technical Consultant, Ve
Slide 3: Agenda
Agenda History of Benefits of the Accelerators and Future Partnership Ecosystem Summary Webinars © Verisk Analytics, Inc. All rights reserved. 3
Slide 4: Industry Challenges
Industry Challenges Increased Costs Talent Acquisition & Retention Customer Experience Regulatory Compliance • Rising material and labor costs • 80% of auto insurance customers • Significant fines and penalties • 500,000 retirements and 25,000 Litigation and social inflation who have poor claims exp
Slide 5: Industry Challenges & Technology Trends
Industry Challenges & Technology Trends Insurers face growing demands in optimizing underwriting and claims processes. The Verisk/Guidewire partnership provides integrated solutions to simplify workflows and improve accuracy. Key Highlights: • 40+ accelerators • Over 20+ years • 20% of accelerators
Slide 6: What sets Verisk apart and guides our company
Company overview What sets Verisk apart and guides our company We help our customers improve operations, decisions, and performance for: • Underwriting and rating solutions Deep domain • Claims solutions (Property & Casualty) Unique and growing expertise with increasing data assets industry demand •
Slide 7: About Verisk
About Verisk Financially sound, data-rich, secure, and global 1971 $34B 30PB Founded Market cap of data in the cloud 17 ~9,000 Countries with offices Passionate employees ©Verisk Analytics, Inc. All rights reserved. 7
Slide 8: What sets Guidewire apart and guides our company
Company overview What sets Guidewire apart and guides our company Guidewire provides P&C Insurance Solutions That Drive Growth Anytime, Anywhere: • Commercial • Personal Engage Confidently Innovate Intentionally Technology trusted by leading Accelerate and scale your insurers in 40+ countries • Work
Slide 9: Proven Experience, Earned Trust: Innovation Runs on Guidewire
About Guidewire Proven Experience, Earned Trust: Innovation Runs on Guidewire 100% 1,725+ 300+ Focused on P&C Successful Marketplace Implementations partners 570+ 26,000+ Insurers in 40 countries Guidewire Systems Integrators ©Verisk Analytics, Inc. All rights reserved. 9
Slide 10: History of Verisk/Guidewire Partnership
History of Verisk/Guidewire Partnership 21 Partnership goes back 21 years to 2003. 95% 95% of Guidewire customers are Verisk customers. Verisk has over 45 integrations on Guidewire is the leading distribution the Guidewire Marketplace 45 representing over 20% of all 300 Marketplace apps and integrat
Slide 11: Industry Trends Driving Innovation
Industry Trends Driving Innovation In property claims, insurers seek technology to reduce adjusting expense and accelerate workflows. Key Technology Trends: • AI, Data Analytics, Cloud • Ecosystem integrations • Increased cost of adjusting claims © Verisk Analytics, Inc. All rights reserved. * 11
Slide 12: Partnership Benefits to Insurers
Partnership Benefits to Insurers The partnership delivers unmatched value to insurers by enhancing customer experiences across workflows. Key Aspects: • Dedicated team of experts • 40+ Integrations • Collaborative roadmap • Greatly reduced integration expenses © Verisk Analytics, Inc. All rights res
Slide 13: You + Verisk: Invested in Guidewire
You + Verisk: Invested in Guidewire ClaimCenter PolicyCenter InsuranceNow Building Code Public Vehicle Effectiveness ClaimSearch® MSP A-PLUS® Protection XactAnalysis 360Value® Registration ClaimSearch Grading Navigator® Property Classification Reports Schedule (PPC®) (BCEGS®) Statistical Driving His
Slide 14: Advantage of Verisk Data integration with Guidewire Platform
Advantage of Verisk Data integration with Guidewire Platform Integrating Verisk's data and analytics capabilities with Guidewire’s platform delivers significant advantages by streamlining workflows, enabling tailored solutions, and ensuring seamless data integration. Key Cases: • Regional carrier ac
Slide 15: Technology and Innovation: AI and Automation
Technology and Innovation: AI and Automation AI is changing the way we work, and automation helps to bridge the gap of a shrinking pool of experienced insurance professionals with guided and automated tools. Insurtech investment is expected to rise in a big way with the gathering wave of generative
Slide 16: Technology and Innovation: Cloud
Technology and Innovation: Cloud Cloud-based solutions empower insurers to adapt quickly to market changes by enabling seamless integration, faster deployments, and access to cutting-edge tools, ensuring agility and competitiveness in a rapidly evolving industry. Key Factors: • Guidewire and Verisk
Slide 17: Product and Solution Benefits
Product and Solution Benefits Verisk’s solutions are built on unmatched depth, breadth, and quality of data and industry experience and expertise Key Factors: • Increase speed to market while reducing effort and rework • Streamline workflows & optimize processes • Improve outcomes and save resources
Slide 18: Client Success
Client Success "MSP Navigator has transformed our operations by streamlining labor- intensive, time-consuming tasks into a single platform. This consolidation reduced data inconsistencies, simplified our quarterly submission process, and ensured ongoing compliance. Additionally, with the Guidewire A
Slide 19: Client Success
Client Success "Our experience integrating Verisk’s LightSpeed Small Commercial solution with Guidewire PolicyCenter has been seamless and transformative for our underwriting process. Accurate underwriting is critical to our profitability, and LightSpeed Small Commercial enables us to deliver the sp
Slide 20: Takeaways
Takeaways © Verisk Analytics, Inc. All rights reserved. 20
Slide 21: Upcoming Verisk + Guidewire Webinars
Upcoming Verisk + Guidewire Webinars Anti-Fraud + Guidewire ClaimCenter: Unlocking Verisk + Guidewire Policy Center and Efficiency with the Basic Search Accelerator ClaimCenter: Reimagine Regulatory Reporting Date: January 29, 2025 Date: February 4, 2025 Time: 2:00PM – 3:00PM EST Time: 2:00PM: 3:00P
Slide 22: Questions
Questions Valerie Archer Tim Kennedy Jason Taylor Director, Business Development Senior Global Solution Alliances Manager, VP Ecosystem and Sales Engineers, Verisk Verisk Underwriting Guidewire Software Claims Solutions Zameer Vistro Tracey Waller MODERATOR - Mark Popolizio Technical Consultant, Ver
Slide 23: © Verisk Analytics, Inc. All rights reserved.
© Verisk Analytics, Inc. All rights reserved. 23
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