WillItSurvive
Financial data and information services · United States

Verisk Analytics

verisk.com ↗

Verisk sells insurers the claims data, forms, and catastrophe models they build pricing on.

Hard to displace
Assessed 21 July 2026 · Evidence as of 21 July 2026
Strong structural protection; the business model survives ai pressure.
On the recordSince 21 July 2026 · Checkable from around July 29, 2026 · Every call on the record Checkpoint: Q2 2026 earnings, testing whether subscription growth reaccelerates from Q1 trough
The call

Verisk's data pool and 50-state licenses keep AI at the edges of its business, chewing on commodity products while the core underwriting engine stays untouched.

Verisk collects insurance claims data, creates rating models, and sells software that insurance companies use to price policies and decide which customers to take. It is hard to copy because it has collected 39 billion claims records and 143 million property records over decades (competitors cannot restart that), holds official licenses in all 50 states that the law requires, and its software forms like ISO and Xactimate are the industry standard. AI tools like ChatGPT could eventually make simple rating cheaper or easier, but they do not have Verisk's historical data or legal standing, and Verisk is already connecting these AI tools to its own data. The one thing that could matter: if big insurance companies start building their own AI rating systems from scratch using basic public data instead of paying Verisk, they might stop buying some of Verisk's lower-value products, though this would not touch the core business that regulators and workflow require.

Why
01
AI pressure: Generative AI tools for underwriting/rating. AI can commoditize standardized rating templates, but Verisk added its data into Claude via MCP, making models a sales channel, not a replacement. Could AI do the core job? Unlikely.
02
Bigger players: None apparent. No big tech or cloud player has shipped a product pulling core statistical-agent or claims-data business away from Verisk. Could a giant copy it? No, they are blocked.
03
What protects it. 39 billion claims records plus state licenses as the official rating agent in all 50 states, both nearly impossible to replicate.
What would change this call
A top-5 P&C carrier publicly drops Verisk's rating products for an in-house AI stack. Would show carriers can bypass Verisk's core statistical/underwriting products.
Verisk's subscription revenue growth falls below 4% OCC with margin compression in a quarterly report. Would show AI or competitors eroding Verisk's recurring core revenue.
AccuLynx litigation outcome results in damages or ruling beyond a minor one-off cost. Would show legal erosion of Verisk's workflow-lock-in products like Xactimate.
Key numbers
  • FY2025 revenue $3.07B, up 6.63% (2025-12-31)
  • Subscription revenue 84% of total, up 7% OCC (2026-03-31)
  • Market cap ~$26.4B (2026-07-21)
Named risks
  • AccuLynx litigation over disputed $2.35B deal termination could yield damages beyond one-off cost. Severity: medium
  • Generative AI could let large carriers build in-house tools, commoditizing standardized rating/underwriting products at the margin. Severity: medium
  • FTC/DOJ scrutiny of algorithmic pricing tools could extend to Verisk's data-pricing-adjacent products. Severity: medium
  • Weather-related transactional revenue softness and federal contract disruption flagged in Q1 2026. Severity: low
  • Conflicting headcount estimates (5,800-8,000) across sources create data-reliability uncertainty for hiring trend claims. Severity: low
Rivals, as read in July 2026
RivalDirectionEvidence
LexisNexis Risk SolutionscontestingCompeting identity/fraud verification for insurers, noted in Feb 2026 software ranking
CoreLogiccontestingCompetes directly in property data and analytics, per craft.co competitor mapping
RMS/Moody's Insurance SolutionscontestingRival catastrophe modeling to Verisk's AIR Worldwide, ongoing as of 2026
Guidewire/Duck Creek TechnologiescontestingNamed leading alternatives in insurance risk software rankings, Feb 2026
ZestyAIgaining onAI-native property risk assessment entrant flagged as emerging alternative, 2026
Questions people ask
Is Verisk Analytics profitable in 2026?
Yes. Verisk reported FY2025 net income of $908.3 million on revenue of $3.07 billion (up 6.63% YoY) as of December 31, 2025, and reaffirmed FY2026 guidance of $3.19-3.24 billion revenue with 56-56.5% adjusted EBITDA margin as of April 29, 2026.
Could AI replace Verisk Analytics?
Unlikely to replace its core business. Verisk's moat rests on a 39 billion record contributory claims data pool, 143 million property records, and 50-state statistical-agent licenses. Rather than being disrupted, it shipped MCP connectors into Anthropic's Claude on May 5, 2026, making the model a distribution channel.
Who owns Verisk Analytics and is it public?
Verisk Analytics is an independent public company trading on Nasdaq as VRSK, with a market cap of roughly $26.4 billion as of July 21, 2026. It IPO'd October 6, 2009 at $22/share, raising $1.9 billion for existing insurer shareholders including AIG, The Hartford, and Travelers.
What happened with Verisk's AccuLynx acquisition?
Verisk signed a $2.35 billion cash deal to acquire AccuLynx on July 29, 2025, but terminated it December 29, 2025 after the FTC failed to clear the deal by its December 26, 2025 drop-dead date. Verisk sued AccuLynx in January 2026 seeking court approval of the termination.
Who are Verisk Analytics' biggest competitors?
Key rivals include LexisNexis Risk Solutions (RELX) in fraud/identity verification, CoreLogic in property data, RMS (now Moody's Insurance Solutions) competing with Verisk's AIR Worldwide catastrophe models, and Guidewire/Duck Creek in policy administration software, per a February 2026 industry ranking.
Is Verisk's revenue growth slowing down in 2026?
Q1 2026 revenue grew 3.9-4.0% YoY (4.7% organic constant currency) to about $782.6-783 million, which management called the year's growth trough as of April 29, 2026, citing tougher renewal comparisons; FY2026 guidance still projects $3.19-3.24 billion revenue.
Timeline
  • 2026-06-18Rothschild Redburn upgrades Verisk to Neutral after AccuLynx deal termination de-risks outlook
  • 2026-05-05Verisk launches MCP connectors integrating analytics directly into Anthropic's Claude
  • 2026-04-29Q1 2026 earnings: revenue ~$782.6M, $1.5B accelerated share repurchase executed
  • 2026-01-14Verisk sues AccuLynx seeking court approval of acquisition termination
  • 2025-12-29Verisk terminates $2.35B AccuLynx acquisition after FTC misses review deadline
  • 2025-10-16Rothschild Redburn downgrades Verisk to Sell on growth and AI-disruption concerns
  • 2025-09-16Verisk launches Generative AI Commercial Underwriting Assistant
  • 2025-07-29Verisk signs definitive agreement to acquire AccuLynx for $2.35 billion
  • 2025-07-17Verisk closes SuranceBay acquisition for $163 million
  • 2009-10-06Verisk IPOs on Nasdaq at $22/share, raising $1.9 billion
Revision history
21 July 2026
First assessed. Hard to displace. The text above is fixed as of this date and is not edited afterwards.
In the same band
S&P GlobalMoody'sIQVIA Holdings
More in Financial data and information services →
Sources