AI Index / Verisk Analytics, Inc.
Verisk Analytics, Inc. (VRSK)
Verisk, an analytics and data provider, leverages AI to enhance data insights and operational efficiency for clients in the insurance industry. Their AI-driven analytics solutions assist in risk assessment and decision-making processes.
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Finally, with AI being a focus for investors in our sector, I will update you on the AI enhancements that we've delivered and are developing for our clients and what we believe AI represents for the industry and for us in the coming years based on extensive engagement with our clients on the topic and ground truth experience from our active AI-enhanced solutions.
- Lee Shavel
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Quotes from verisk-analytics Executives About Artificial Intelligence and Generative AI
First, AI is top of mind for our clients as well. They've been exploring the technology and its potential and have turned to Verisk as an active partner in helping them evaluate use cases and to support their operational objectives with our data sets and content.
- Lee Shavel
Second, and proceeding from the first, our deployed AI applications have been enthusiastically embraced by our clients. As an example, in XactXpert where we utilize AI to advise claims professionals in estimate review.
- Lee Shavel
Third, it's all about the data. AI relies on high-quality and usable data to train the models, and I can say with confidence that Verisk's content, which includes data, language, analytics and models is built upon proprietary data that is not publicly available and is structured, cleansed, vetted and designed by us to take advantage of the power of AI.
- Lee Shavel
Fifth, AI is enhancing our own internal processes and product development as we leverage advanced technologies to better ingest and interrogate data to advance our models and analytics.
- Lee Shavel
In our Extreme Events business, we are using the power of AI to simulate globally correlated atmospheric perils with a level of realism and reliability that traditional approaches cannot achieve.
- Lee Shavel
Specific to AI, we continue to develop inventions across our business units that include AI and as we mentioned, we have many solutions commercially available today.
- Elizabeth Mann