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Verisk Analytics, Inc. (VRSK) provides information about risk to professionals in insurance, healthcare, financial services, government, supply chain, and risk management in the United States and internationally.
The companys Risk Assessment segment offers solutions to P&C insurance customers and focuses on decision making processes in its risk analysis framework, including prediction of loss, and selection and pricing of risk. Its solutions include industry-standard insurance programs that help P&C insurers in define coverage and issue policies; actuarial services to help its customers analyze and price their risks; and customized services for its clients that include assisting with the development of independent insurance programs, analysis of their own underwriting experience, development of classification systems and rating plans, and various other business decisions, as well as supplies information to various customers in other markets, including reinsurance and government agencies. This segments solutions also comprise property-specific rating and underwriting information on individual properties and communities to evaluate and price personal and commercial property insurance, as well as commercial liability insurance.
Its Decision Analytics segment develops predictive models to forecast scenarios, and produce standard and customized analytics that help its customers in predicting loss, selecting and pricing risk, detecting fraud before and after a loss event, and quantifying losses. This segment provides fraud-detection tools for the P&C insurance industry; benchmarking, scoring solutions, analytics, and customized services to financial services institutions; and payment accuracy solutions to help healthcare claims payers detect fraud, abuse, and overpayment, as well as helps businesses and governments to anticipate and manage climate-and weather-related risks.
Shares have formed a bullish "flag" after the stock was added to the S&P 500 earlier in the month. The firm is scheduled to report its quarterly results on October 27th. Higher share prices are expected for this stock.
52-Weeks Trading Range: $57.97 - $82.00
Entry Point: $80.50
Stop Loss: $76.45
Target Price: $88.55
VRSK closed at $70.00.
