MASHINIi

Verisk Analytics Inc.

VRSK.US | Data processing, hosting and related activities

Verisk Analytics, Inc. is a data analytics and risk assessment firm serving customers in insurance, energy, financial services, and supply chain industries. The company provides predictive analytics and decision support solutions to professionals in property and casualty insurance, natural resources...Show More

Ethical Profile

Mixed.

Verisk Analytics faces scrutiny over data privacy, with reports suggesting the company allegedly shared driver data without consent, prompting a class-action lawsuit and calls for an FTC investigation. Despite these concerns, Verisk's solutions have reportedly lowered healthcare spending by 14% for some clients and reduced emergency room visits by 10%. The company is recognized as a "Great Place to Work," with 82% of employees finding it so, offering competitive pay and benefits, though some feedback highlights workload challenges. Verisk also promotes ethical AI through its FairCheck tool to mitigate insurance model bias and upholds strong anti-bribery and whistleblower policies. The company surpassed its target to reduce Scope 1 and 2 emissions by 21% by 2024.

Value Scores

Better Health for All0
-100100
Fair Money & Economic Opportunity0
-100100
Fair Pay & Worker Respect40
-100100
Fair Trade & Ethical Sourcing10
-100100
Honest & Fair Business10
-100100
Kind to Animals0
-100100
No War, No Weapons0
-100100
Planet-Friendly Business0
-100100
Respect for Cultures & Communities0
-100100
Safe & Smart Tech-10
-100100
Zero Waste & Sustainable Products0
-100100

Better Health for All

0

Verisk's health data analytics solutions have delivered substantial health benefits, including a 14% reduction in healthcare spending for a client

1
, a 5% reduction in healthcare cost trends
2
, and a 10% decrease in emergency room visits across a client base
3
. These solutions also identify gaps in clinical care
4
, high-risk populations
5
, and quantify the financial impact of lifestyle behaviors to enable clinical interventions
6
. The company demonstrates industry-leading practices in healthcare data responsibility, holding ISO 27001:2013 certification
7
and following the NIST cybersecurity framework for its core data centers
8
, managing over 36.3 billion statistical records
9
and 1.8 billion claim records
10
, and operating a pooled data initiative to combat healthcare fraud
11
. Verisk offers comprehensive global mental health programs for its employees, including a digital health and wellness coaching platform
12
, an Employee Assistance Program
13
, and access to online mental health service providers for U.S. employees and their dependents
14
, alongside cash grants to external mental health organizations
15
. The company shows a strong focus on preventative health through wellness education and municipal fire protection assessments
16
. Verisk exhibits excellent risk transparency by tracking and communicating health-related risks such as PFAS substances and biodiversity loss to its customers
17
, and makes its Catastrophe Exposure Data Exchange an open standard
18
. Its operations generate positive health externalities by identifying and helping to mitigate significant health-harming environmental issues
19
, and supporting tree planting to improve water filtration
20
. Verisk also engages in healthcare education through wellness education campaigns with measurable impact
21
.

Fair Money & Economic Opportunity

0

Verisk's core business is providing data analytics and risk assessment solutions to businesses in the insurance, energy, financial services, and supply chain industries, rather than offering direct consumer lending or deposit services. Therefore, most KPIs related to consumer financial products are not applicable. For fair lending compliance, Verisk launched FairCheck in November 2023, a solution designed to help insurers assess their personal lines models for potential unfair discrimination against protected classes, such as race.

1
Verisk's internal assessment of its personal auto rating model found that race was not a contributing factor, and the methodology for FairCheck was reviewed by the Maguire Academy of Insurance and Risk Management.
2

Fair Pay & Worker Respect

40

Verisk Analytics Inc. demonstrates strong employee engagement, with 82% of employees considering it a great workplace in 2024, leading to its eighth consecutive Great Place to Work Certification.

1
The company offers competitive salaries, annual merit reviews, and a 401(k) program with a 100% company cash match up to 6%.
2
Employees receive health insurance plans, paid time off, and flexible work options.
3
Verisk also provides various well-being resources and supports employee development through programs like CareerCon, Learning Breaks, and leadership initiatives, alongside promoting diversity and inclusion via Employee Networks.
4
The company publishes a Statement on Modern Slavery, reflecting its commitment to upholding human rights and protecting against forced labor and human trafficking.
5
However, employee feedback indicates areas for improvement in workload management, expectations of unpaid overtime, and limited management support.
6

Fair Trade & Ethical Sourcing

10

Verisk Analytics does not procure or trade physical commodities and does not engage in manufacturing operations.

1
Consequently, none of its Tier 1 procurement spending is directed at industries frequently associated with high-risk materials like agriculture or extractives, resulting in 0% high-risk spend.
2
The company's Supplier Code of Conduct, which includes robust ethical clauses prohibiting forced labor and addressing modern slavery, applies to all suppliers.
3
This code is supported by audit rights and annual supplier attestations, and Verisk contracts with a risk and compliance organization for third-party screening of Tier 1 and prospective suppliers.
4
This monitoring scans daily content from government bulletins and news sources in approximately 200 countries.
5
In 2024, none of the risk alerts from this monitoring involved allegations of modern slavery.
6

Honest & Fair Business

10

Verisk Analytics has a comprehensive Whistleblower Policy (Version 2.0, January 2025) that applies to all subsidiaries, affiliates, directors, officers, employees, contractors, and subcontractors.

1
It provides an independent, 24/7 anonymous hotline (web and phone) for reporting concerns related to accounting, auditing, ethics, and the Code of Business Conduct.
2
The policy explicitly prohibits retaliation, requires training at hire and at least annually, and mandates quarterly reporting summaries to the Risk and Audit Committees.
3
Verisk also has a robust Anti-Bribery and Corruption Policy (Version 6.0, November 2024) that aligns with international acts like the U.S. Foreign Corrupt Practices Act and the U.K. Bribery Act.
4
This policy prohibits bribery, requires accurate record-keeping, and mandates annual training for all employees and associated persons.
5
It includes annual compliance risk assessments, due diligence for third-party engagements in high-risk countries, and a system for recording gifts and hospitality.
6
Facilitation payments are permitted only if reported within 10 business days.
7

Kind to Animals

0

Verisk Analytics Inc. operates primarily in data analytics and technology solutions, with no direct involvement in activities related to animal welfare, such as animal testing, farming, or wildlife conservation.

1
The company's corporate governance policies, including its Code of Business Conduct and Ethics and Supplier Code of Conduct, emphasize ethical business practices but do not specifically address animal welfare.
2
Verisk also offers sustainability and resilience solutions to clients, focusing on climate change, human rights, and supply chain risks, which are not directly tied to animal welfare.
3

No War, No Weapons

0

No specific, concrete evidence was found in the provided articles to assess Verisk Analytics Inc against any of the KPIs for the 'No War, No Weapons' ethical value. The articles describe the company's offerings as data analytics and risk assessment tools for insurers, specifically related to civil unrest and terror risks

1
, but do not provide information on its involvement in arms manufacturing, military contracts, dual-use technologies with military applications, or related policies and investments. The described products are for civilian insurance risk assessment and are not tied to militarization.

Planet-Friendly Business

0

No evidence available to assess Verisk Analytics Inc on Planet-Friendly Business.

Respect for Cultures & Communities

0

No evidence available to assess Verisk Analytics Inc on Respect for Cultures & Communities.

Safe & Smart Tech

-10

Verisk emphasizes responsible data analytics and ethical AI principles, advocating for comprehensive AI governance frameworks

1
and ethical AI policies
2
to mitigate biases and ensure fairness. The company contributed to an industry AI Code of Conduct
3
and highlights its FairCheck solution for insurance model bias assessment.
4
Verisk is also a Diamond Member of IAPP.
5
However, Verisk is facing a class-action lawsuit for allegedly receiving driving-behavior data from Hyundai without consent for insurance purposes
6
, and senators have called for an FTC investigation into the company for sharing driver data without consent
7
, noting potential privacy violations. These allegations indicate practices that undermine user privacy.

Zero Waste & Sustainable Products

0

No evidence was found in the provided articles regarding Verisk Analytics Inc.'s performance on waste reduction, product sustainability, or circular economy initiatives. The articles primarily focus on climate risk analysis

1
, TCFD alignment
2
, and greenhouse gas emissions reduction (Scope 1 and 2)
3
, which falls outside the scope of the 'Zero Waste & Sustainable Products' ethical value as defined.

Own Verisk Analytics Inc?

Upload your portfolio and see how all your holdings score across 11 ethical dimensions.

Audit My Portfolio

AI-generated analysis based on publicly available data. Not financial advice. Ratings are expressions of opinion derived from automated models and may contain inaccuracies. See our Risk Disclosure for full details.