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Verisk Analytics (VRSK) Business Arm Inks Alliance with IDP

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Verisk Analytics, Inc.’s VRSK business arm, ISO, recently signed a strategic alliance with IDP, Inc. (IDP), for the purpose of expanding the ISO Preferred Data Partnership program.

Inside Story

Under the Preferred Data Partnership program, ISO accumulates and refines raw policy data straight from insurers. The collected data is used to form reports that are submitted to the regulatory authorities across the U.S.

IDP, Inc. is a renowned Software as a Service (SaaS) provider in the current casualty/property industry. Per the new strategic alliance with IDP, ISO would be able to accrue native transactional data from the insurers on loss and premiums. The two companies would be, thereby, converting the accumulated native data into valuable information and succumb regulatory as well as statistical reports to the regulatory authorities, on behalf of the insurers (for both special data calls and conventional reporting requisites).

Why Ranked #4?

Over the last one month, Verisk Analytics’ shares yielded a return of 2.76%, underperforming 3.37% growth recorded by the Zacks categorized Business - Information Services industry.

The company reported sedate first-quarter 2017 results (May 2, 2017) on the back of muted growth and related headwinds within the industry. With modest revenue coming from the UK, the company is likely to be stifled by the renegotiated deals and restrictions imposed on trade with other European Union members, post Brexit referendum. In addition, the company is susceptible to high volatility of persistent end-market headwinds affecting the energy business.

Stocks to Consider

Some better-ranked stocks in the industry are listed below:

The Brink's Company BCO delivered an average positive earnings surprise of 24.72% over the trailing four quarters and currently flaunts a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

BG Staffing, Inc. BGSF, which carries a Zacks Rank #2 (Buy) at present, pulled off an average positive earnings surprise of 6.84% over the last four quarters.

Sotheby's currently carries a Zacks Rank #2 and has an average positive earnings surprise of 19.16% for the past four quarters.

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