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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Verisk Analytics Inc | NASDAQ:VRSK | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.49 | -0.18% | 278.12 | 277.24 | 280.92 | 279.69 | 277.50 | 278.61 | 397,415 | 23:56:21 |
The next generation of ERC is cloud-based and accessible via smart APIs. It is also significantly easier for insurers to use, integrate and test. The solution includes multiple deployment options to satisfy insurers' diverse needs, including:
These enhancements can lead to tremendous advances in speed to market and reduce the time insurers need to keep their rating systems current.
“In the rapidly evolving commercial lines market, many insurers are looking for ways to rate risks with increased speed, reliability and flexibility," said Mark Sheehan, head of ISO Rating Solutions. “The next generation of ISO ERC responds to that need. We are very excited to help our customers by offering improved efficiency and accelerated speed to market.”
ERC is powered by Verisk’s Rulebook, an award-winning pricing, underwriting and distribution platform.
ERC is currently available for Commercial Property, Commercial Auto, Businessowners (BOP), General Liability and Workers Compensation, with the remaining lines to be rolled out in phases in the coming months.
Learn more about ERC.
About Verisk Verisk (Nasdaq:VRSK) provides predictive analytics and decision support solutions to customers in the insurance, energy and specialized markets, and financial services industries. More than 70 percent of the FORTUNE 100 relies on the company’s advanced technologies to manage risks, make better decisions and improve operating efficiency. The company’s analytic solutions address insurance underwriting and claims, fraud, regulatory compliance, natural resources, catastrophes, economic forecasting, geopolitical risks, as well as environmental, social and governance (ESG) matters. Celebrating its 50th anniversary, the company continues to make the world better, safer and stronger, and fosters an inclusive and diverse culture where all team members feel they belong. With more than 100 offices in nearly 35 countries, Verisk consistently earns certification by Great Place to Work. For more: Verisk.com, LinkedIn, Twitter, Facebook, and YouTube.
Contact: Ali Krueger Herbert 201-469-3998 ali.krueger@verisk.com
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