Verisk is a data analytics company serving customers in insurance, financial services, and natural resource industries. The company helps customers make better decisions with greater precision, efficiency, and discipline. The Verisk family of companies includes ISO, Wood Mackenzie, Verisk Maplecroft, Verisk Insurance Solutions, Xactware, AIR Worldwide, Argus, 3E Company, and AER.Verisk Analytics' Israeli development center was established in 2013 following the acquisition of Sensomatix, an Israeli start-up specializing in risk management systems for driving, the center focuses on the advancement of Verisk's telematics and IoT algorithms as well as actuarial models. Through the utilization of predictive modeling, data science, and machine learning methodologies, the center develops models that have the ability to predict driver risk accurately.The models created within the center in Tel Aviv have gained approval from 43 U.S. jurisdictions for underwriting purposes and are employed for driver pricing. This demonstrates the center's significant role in providing valuable insights and tools for insurance companies to assess and manage driver risk effectively.
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