Verisk Advances Catastrophe Models, Politics Not Yet in Focus

Published 4 hours agoVRSK

Verisk Advances Catastrophe Models, Politics Not Yet in Focus

As of May 1, 2025, there's no indication that Verisk has released a new catastrophe model to specifically evaluate political risk within the United States. Instead, Verisk has concentrated its efforts on refining models that deal with natural disasters. Back in April 2024, Verisk launched over 100 Next Generation Models (NGM) as part of an initiative to provide insurers and reinsurers with refined tools for analyzing global risks linked to natural catastrophes. These models are incorporated into Verisk's Touchstone platform, enhancing their catastrophe risk management software.

Verisk became a trailblazer earlier this year by submitting its wildfire catastrophe model for review by the California Department of Insurance in January 2025. This marks the first such request, aligning with California's Sustainable Insurance Strategy, which advocates for the use of catastrophe models in evaluating natural disaster risks. Reuters reported that this move indicates the increasing emphasis on sophisticated risk assessment tools amid changing climate conditions and heightened disaster occurrences.

Despite these advances, Verisk hasn’t turned its attention towards creating a model for political risk assessment in the U.S. Their existing models, however, continue to address a range of issues related to climate change and extreme weather events. On the financial front, Verisk Analytics Inc, trading under the ticker VRSK, saw its share price at $296.43, with a minor increase of $4.01 (0.01%), as recorded on Thursday, May 1, at 11:59:35 UTC.

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