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Verisk Analytics, Inc. (VRSK - Free Report) recently announced the launch of A-PLUS Commercial. It is an InsurTech solution, which offers point-of-sale loss run reports with detailed claim histories of risks for commercial lines underwriting.
A-PLUS Commercial automates the complicated process of obtaining loss runs and provide participating carriers access to all commercial lines information. This includes property, auto, general liability, professional liability, business owners, farm owners, workers` compensation, and ocean marine.
It is fueled by data from ISO ClaimSearch, a claims evaluation tool featuring more than 1.3 billion claim histories and is trusted on by more than 90% of insurers).
Deborah Morris, senior vice president of commercial lines at Verisk, stated, "Insurers who contribute data to A-PLUS Commercial can access reliable loss run reports in seconds rather than weeks, avoid time-consuming follow-ups, and focus on assessing risk for all commercial lines."
We observe that shares of Verisk have gained 33.9% so far this year compared with 30.5% rise of the industry it belongs to and 15.5% rise of the Zacks S&P 500 composite.
Our Take
We believe the move will help Verisk strengthen its Insurance segment, which serves P&C insurance customers and focuses on the prediction of loss, selection and pricing of risk and compliance with their reporting requirements.
Revenues from the segment increased 9.3% year over year on a reported basis and 7.3% at organic constant-currency (cc) basis in first-quarter 2019.
A few better-ranked stocks in the broader Zacks Business Services sector are Navigant Consulting , NV5 Global (NVEE - Free Report) and FLEETCOR Technologies . While Navigant Consulting sports a Zacks Rank #1, FLEETCOR and NV5 Global carry a Zacks Rank #2 (Buy).
Long-term expected EPS (three to five years) growth rate for Navigant Consulting, FLEETCOR and NV5 Global is 13.5%, 15.4% and 20%, respectively.
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Would you like to see the updated picks from our best market-beating strategies? From 2017 through 2018, while the S&P 500 gained +15.8%, five of our screens returned +38.0%, +61.3%, +61.6%, +68.1%, and +98.3%.
This outperformance has not just been a recent phenomenon. From 2000 – 2018, while the S&P averaged +4.8% per year, our top strategies averaged up to +56.2% per year.
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Verisk (VRSK) Unveils InsurTech Solution A-PLUS Commercial
Verisk Analytics, Inc. (VRSK - Free Report) recently announced the launch of A-PLUS Commercial. It is an InsurTech solution, which offers point-of-sale loss run reports with detailed claim histories of risks for commercial lines underwriting.
A-PLUS Commercial automates the complicated process of obtaining loss runs and provide participating carriers access to all commercial lines information. This includes property, auto, general liability, professional liability, business owners, farm owners, workers` compensation, and ocean marine.
It is fueled by data from ISO ClaimSearch, a claims evaluation tool featuring more than 1.3 billion claim histories and is trusted on by more than 90% of insurers).
Deborah Morris, senior vice president of commercial lines at Verisk, stated, "Insurers who contribute data to A-PLUS Commercial can access reliable loss run reports in seconds rather than weeks, avoid time-consuming follow-ups, and focus on assessing risk for all commercial lines."
We observe that shares of Verisk have gained 33.9% so far this year compared with 30.5% rise of the industry it belongs to and 15.5% rise of the Zacks S&P 500 composite.
Our Take
We believe the move will help Verisk strengthen its Insurance segment, which serves P&C insurance customers and focuses on the prediction of loss, selection and pricing of risk and compliance with their reporting requirements.
Revenues from the segment increased 9.3% year over year on a reported basis and 7.3% at organic constant-currency (cc) basis in first-quarter 2019.
Zacks Rank & Stocks to Consider
Verisk currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
A few better-ranked stocks in the broader Zacks Business Services sector are Navigant Consulting , NV5 Global (NVEE - Free Report) and FLEETCOR Technologies . While Navigant Consulting sports a Zacks Rank #1, FLEETCOR and NV5 Global carry a Zacks Rank #2 (Buy).
Long-term expected EPS (three to five years) growth rate for Navigant Consulting, FLEETCOR and NV5 Global is 13.5%, 15.4% and 20%, respectively.
Today's Best Stocks from Zacks
Would you like to see the updated picks from our best market-beating strategies? From 2017 through 2018, while the S&P 500 gained +15.8%, five of our screens returned +38.0%, +61.3%, +61.6%, +68.1%, and +98.3%.
This outperformance has not just been a recent phenomenon. From 2000 – 2018, while the S&P averaged +4.8% per year, our top strategies averaged up to +56.2% per year.
See their latest picks free >>