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JERSEY CITY, N.J. - Verisk (NASDAQ:VRSK), a $34.76 billion market cap data analytics company with impressive gross profit margins of 69.39%, announced Tuesday the release of XactAI, a new suite of artificial intelligence capabilities integrated into its Xactware property claims software.
The new tools aim to streamline claims processing by automating administrative tasks such as summarizing notes, labeling photos, transcribing audio and video, and categorizing receipts for additional living expenses.
According to the company, the AI features are designed to enhance efficiency and consistency while expediting routine workflows in property claims handling. The technology maintains human oversight, allowing claims professionals to review, edit or override AI-generated content.
"By harnessing the best and most tested capabilities of generative AI to automate repetitive administrative tasks, we’re helping claims professionals make time for the most rewarding part of the job," said David Obert, chief product officer of Property Estimating Solutions at Verisk.
The company stated that XactAI is built on secure, cloud-native infrastructure with enterprise-grade security protocols. All data is encrypted and processed according to Verisk’s standards for privacy, compliance and security.
The system also includes compliance features such as audit trails and documentation standards to meet insurer obligations, according to the press release statement.
Verisk provides data analytics and technology services to the global insurance industry and is traded on the Nasdaq exchange. With revenue growth of 7.6% over the last twelve months and historically low price volatility (Beta: 0.86), the company maintains a strong financial health rating according to InvestingPro, which offers 12 additional key insights about VRSK’s investment potential.
In other recent news, Verisk Analytics reported its Q2 2025 earnings, surpassing analyst expectations with an earnings per share (EPS) of $1.88, compared to the forecasted $1.77. The company’s revenue for the quarter reached $773 million, slightly exceeding the anticipated $768.74 million. Despite this positive earnings report, the company’s stock experienced a decline. Additionally, Wolfe Research initiated coverage on Verisk Analytics with an Outperform rating and set a price target of $320. The research firm highlighted Verisk’s strong structural position, recurring revenue growth, and industry-leading margins as key factors supporting its premium valuation. These recent developments provide a snapshot of Verisk’s current financial performance and analyst outlook.
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