Verisk Model Exchange Adds KatRisk, Broadening Catastrophe Risk Insights for Insurers
VRSK is trading near its 52-week low of $155.94 (9.7% above the low).
Summary
Verisk announced an agreement for KatRisk to join its Verisk Model Exchange platform, integrating KatRisk's specialized catastrophe risk models. This partnership expands Verisk's existing multi-vendor modeling platform, which it acquired in 2025. The addition of KatRisk's models, covering perils like inland flood and wildfire, provides insurers and reinsurers with broader access to third-party risk insights. This move strengthens Verisk's competitive offering in the critical catastrophe risk modeling segment, supporting more transparent risk assessments in an evolving climate risk landscape.
At the time of this announcement, VRSK was trading at $171.11 on NASDAQ in the Technology sector, with a market capitalization of approximately $22.4B. The 52-week trading range was $155.94 to $322.92. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: GlobeNewswire.