Lee Shavel on data quality
From Verisk Analytics Inc ($VRSK) Q4 2025 Earnings Call · · Castify Earnings Call
“The unique nature of the insurance industry requires a massive amount of specific and representative data in order to ensure rate adequacy, evaluate claims fairly, promote competition and innovation, as well as satisfy the needs of regulators. High quality data is critical for accuracy and effectiveness and Verisk is in a unique position as one of very few providers who currently aggregate data from multiple sources, organize it and normalize it in order to glean insights about risk at a granular level and include that in innovative products and services it files on behalf of our clients. In fact, Verisk submits over 2,000 regulatory product filings each year on behalf of our clients and our government relations teams interact with all 50 state regulators on a daily basis.”
On , Lee Shavel, Chief Executive Officer, President & Director at Verisk Analytics, Inc, spoke about data quality during Verisk Analytics Inc ($VRSK) Q4 2025 Earnings Call on Castify Earnings Call.
About Lee Shavel
Lee Shavel, president and CEO of Verisk Analytics, said on the company's first-quarter 2026 earnings call that Verisk is "introducing new innovations to the market at a faster rate" and that the company won a competitive RFP to become the strategic partner of a global insurance firm for a digitally native underwriting entity. During the same call, Shavel stated that Verisk clients have "moved beyond an experimentation and an exploration phase in 2025" regarding AI and are now focused on integrating data into their functions. He characterized the sustainability of subscription growth as "strong" and noted that AI-driven enhancements were contributing to client engagement. In the prior quarter, Shavel discussed the termination of the agreement to acquire Aculinks, citing an extended FTC review as a factor, and announced a $1.5 billion accelerated share repurchase program. He highlighted that Verisk's data sets and insurance-specific expertise create a barrier for general AI companies, and that the company's wildfire model was submitted to the California Department of Insurance, with client interest in the model increasing after the Los Angeles wildfires, which Verisk estimated would result in $28 to $35 billion in industry losses.