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Insurance · head to head

Shift Technology vs Verisk

Shift Technology logo

Shift Technology

Insurance

AI-native fraud detection for insurance

From
On request
Rated
-
Full reviewWebsite
Verisk logo

Verisk

Insurance

Insurance data, ISO forms and rating content that most American P&C products are built on

From
On request
Rated
-
Full reviewWebsite

The short version

  • Each has a real cost: Shift Technology pricing not published on vendor website, requires demo request and quotation; Verisk the ISO content has no real substitute for a carrier writing standard lines, so renewal negotiations start from a position where walking away is not credible.
  • They diverge on capability: Shift Technology covers Fraud detection, Verisk covers ISO forms and rating content.
  • Prices and features above were last checked on 31 August 2026.

Where they differ

Only the attributes on which Shift Technology and Verisk actually diverge.

Attributes where Shift Technology and Verisk differ
AttributeShift TechnologyVerisk
Pricing modelsubscriptionquote
PlatformsWeb, ApiWeb, API, Windows
Founded2014Unknown

Identical on both: starting price (On request), free tier (No), user rating (Not yet rated), category (Insurance).

What each one covers

Drawn from each product's published feature list. An absence here means we hold no record of it - not that the product lacks it.

Only in Shift Technology

  • Fraud detection
  • Claims automation
  • Document intelligence
  • Network analysis
  • Real-time scoring
  • Investigation workbench
  • Predictive analytics
  • Machine learning models

Only in Verisk

  • ISO forms and rating content
  • ClaimSearch
  • Extreme event models
  • Property data
  • Xactimate
  • Underwriting analytics

What people use each for

The jobs each tool is most often brought in to do.

Shift Technology

  • Fraud detectionnot Verisk
  • Claims automationnot Verisk
  • SIU operationsnot Verisk
  • Subrogationnot Verisk
  • Underwriting risknot Verisk

Verisk

  • A carrier filing standard commercial lines products that must use recognised forms and loss costsnot Shift Technology
  • A claims organisation checking submitted claims against the industry database for prior activitynot Shift Technology
  • A property insurer pricing catastrophe exposure for reinsurance placementnot Shift Technology
  • An MGA that needs bureau content without building and filing proprietary forms in every statenot Shift Technology

Where each one falls short

Documented limitations, not opinions. Every one is a constraint you would hit in normal use.

Shift Technology

  • Pricing not published on vendor website, requires demo request and quotation
  • No self-service onboarding; dedicated sales consultation mandatory
  • Solution requires on-premises deployment or custom SaaS configuration

Verisk

  • The ISO content has no real substitute for a carrier writing standard lines, so renewal negotiations start from a position where walking away is not credible.
  • Pricing is negotiated separately per product and per line, and large insurers routinely find overlapping agreements across underwriting, claims and actuarial that nobody had counted together.
  • Circular updates to forms and loss costs must be loaded into your policy system on a schedule, which is recurring work that carriers with older platforms do partly by hand.
  • The breadth of the portfolio means account management is spread across product teams, so a problem in one service does not necessarily get attention from the people selling you another.
  • Usage-based components such as data prefill and claims searches make annual spend hard to forecast, and the variance lands in the year you grow fastest.

Pricing, plan by plan

Shift Technology

On request
  • Fraud Detection$undefined/year
    • Claims fraud detection
    • Network analysis
    • Real-time scoring
  • Claims Automation$undefined/year
    • Document analysis
    • Automated extraction
    • Workflow automation
  • Enterprise Suite$undefined/year
    • All modules
    • Custom models
    • Global deployment

Verisk

On request
  • Verisk Insurance Solutions$undefined/year
    • ISO forms and loss cost licensing
    • Data and analytics services by line
    • API access

Which should you pick?

Choose Shift Technology if

  • You need fraud detection.
  • You work on Web, Api.
  • You also want claims automation.
Shift Technology review

Choose Verisk if

  • You need iso forms and rating content.
  • You work on Web, API, Windows.
  • You also want claimsearch.
Verisk review

Questions people ask

Is Shift Technology or Verisk better?
Neither clearly leads. Shift Technology starts at On request and Verisk at On request, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, Shift Technology or Verisk?
Shift Technology starts at On request and Verisk at On request.
Does Shift Technology or Verisk run on more platforms?
Shift Technology runs on Web, Api. Verisk runs on Web, API, Windows.
What is Shift Technology best used for?
Shift Technology is most often used for fraud detection, claims automation, siu operations, subrogation. Of those, fraud detection and claims automation are not what Verisk is typically brought in for.
What can Shift Technology do that Verisk cannot?
Shift Technology covers Fraud detection, Claims automation, Document intelligence, Network analysis. Verisk covers ISO forms and rating content, ClaimSearch, Extreme event models, Property data.

Answered from the vendors’ own pages

Shift Technology: How much does Shift Technology cost?

Shift Technology does not publish pricing on its website. The vendor requires a demo request and direct sales contact for custom quotations tailored to deployment scope and use cases. Pricing is quote-based and depends on specific implementation needs.

Source
Verisk: Can a carrier avoid ISO content entirely?

Only by developing and filing proprietary forms and rates, which a handful of large insurers do. For everyone else the filing and legal cost of independence exceeds the licence.

Shift Technology: What is Shift Technology's licensing model?

Shift Technology operates on a custom licensing model rather than standardized tiers. Pricing and licensing are determined through consultation with the vendor based on the number of users, data volume, and specific insurance processes being automated.

Source
Verisk: Is Xactimate part of Verisk?

Yes. It came with the Xactware acquisition and is the dominant property claims estimating tool in North America, used by carriers and by the contractors they pay.

Verisk: Did Verisk sell off businesses?

Yes. It divested non-insurance units including its energy research business in 2023 and refocused on insurance data and analytics.

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