VRSKVerisk Analytics, Inc.

“Client adoption has been strong with our enhanced aerial imagery offerings, growing revenue more than 30% over the last 2 years. We have additional innovations, which are slated for introduction this year, including wind and hail peril scores and remaining [indiscernible].”

“AI featured prominently across the education program with 23 sessions covering AI-driven product innovation and the role of AI across underwriting, catastrophe modeling life and annuities, specialty lines and core platforms. These sessions were the most attended, including hundreds of clients representing a wide range of scale from large global multiline carriers to regional and small carriers. In the [ solutions gallery ], the AI showcase focused on 5 workflow-based AI demos, reflecting how we're scaling practical AI in our underwriting, catastrophe and risk and specialty business areas.”

“within our anti-fraud business, our digital media forensics is an AI-powered solution that automates anomaly detection in photos and documents, a growing source of fraud risk for the industry. This innovation reinforces our position as a key partner in fraud analytics, and highlights our scale and ability to organically build new contributory data sets, to help the industry address a growing challenge. Through innovation, we are driving growth in a heavily penetrated business. And in fact, just this quarter, we on-boarded the sixth top 10 carrier to the digital media forensics platform.”

“the project is to work with them on restructuring, reimagining their underwriting process. Integrating a range of our data sets as well as agentic technologies that we are providing on the underwriting side to be able to improve the efficiency and the effectiveness of that underwriting process. And that came after an RFP of a large number of potential clients some from the technology side, some from the software side, some from the AI side. But it was our familiarity with the process our data governance elements, and they're comfort with our knowledge and expertise on it that drove it.”

“Verisk was the winner of a competitive RFP process to be the strategic partner of a global insurance firm to support the creation of a next-generation digitally native underwriting entity. Verisk will contribute its established data, actuarial and analytics capabilities alongside a growing suite of AI-driven platforms and marketplace solutions to codevelop the operating model. This opportunity reflects continued momentum in commercializing Verisk's multiyear investments in agentic technologies, and expanded role in enabling innovation across the insurance value chain.”

“our ability to adapt prior to this to more API-driven access to our data sets has facilitated our ability to tie that to MCP, or model context protocol applications, that have been the primary channel for agent applications and even [ more ] language models.”

“we already have over 20 follow-up meetings set up related to augmented underwriting. That said, in certain cases, we are seeing an extended sales cycle related to the more complex contracting to incorporate AI governance and compliance.”

“if we think about where it can be most impactful. And we look at what the industry is trying to achieve, one of their top objectives is increasing productivity. Whether it's for an underwriter, or an agent, or a claims professional. And that's where I think we can accelerate and support that productivity objective. It's an area where in other parts of our business when we have been able to demonstrate productivity improvement, for instance, with a claims adjuster, or a claims estimator that demonstrates real value for them because they can accomplish more faster, that becomes a clear path to value realization and our ability to participate in that value realization.”

“as we are pursuing these specific AI opportunities. And even the -- our existing contracts, AI is an element where both our clients and we need to be thoughtful about intellectual property, the issues related to that privacy issues associated with that. And so it has added an additional complexity in negotiating and adapting our contracts to those specific purposes. And so I think we have seen in these larger contract renewals, we're having to spend some more time working our way through these issues.”

“We are also engaging with many of our large clients regulators and the frontier model companies on partnership opportunities to leverage our data and insights. A key focus for all parties is accountability, transparency, governance and protection of intellectual property. Based on our interactions with several frontier model companies, it is clear that they recognize the importance of leveraging not just proprietary data sets, but also deep industry-specific knowledge and established workflows”

“our clients have moved on an experimentation in an exploration phase in 2025 to realizing that integrating these data sets into what they're doing and their functions is going to create value, but they need that greater data [indiscernible], better data quality and partnership between us their objectives and technology providers, both on the Frontier AI model companies, as well as in some cases, the infrastructure or policy administration system partners.”

“On the margin, we do see -- we are seeing the benefit of efficiency and productivity on our software and development teams, on our data ingestion and others. We're also, at the same time, investing in the new technology and in our data to build the AI ready and the MCP solutions that we're excited about. So I would say for the time being, we see it as a push on the margin and is embedded in our guide of gradual margin expansion for the year.”

“I'd note in an [ A.M. Best ] report on AI and insurance released this week surveyed insurers identified data readiness as the top impediment to AI implementation even ahead of security and privacy. Companies are keenly focused on how they can partner with Verisk and capitalize on our robust and proprietary data sets through this significant technology transformation.”

“the profitability that we've seen in terms of significantly improved combined ratios for the industry is creating a level of profitability that, on the one hand, is -- creates, I think, an opportunity for them to invest a little bit more heavily in technology, coming at a time where there is more demand for data and analytics and AI to be applied to it.”

“the monetization opportunity for us is going to be rooted in the fact that the application of AI [indiscernible] come from client developed solutions, frontier model companies, our integration of generative AI, or agentic AI, all driven off of that -- off of the data sets that we are providing on a structured, clean industry-wide basis.”

“This level of margin expansion reflects the operational leverage of our business model, and our ongoing commitment to cost discipline, including global talent optimization, offset in part by increased investment in AI and technology.”

“strong subscription growth across our portfolio in the Catastrophe and Risk Solutions business, in the Property and Restoration solutions business as carriers continue to see the value and the AI enhancements driven on the solutions.”