Veriskvs
CCC Intelligent Solutions
CCC Intelligent Solutions: The equivalent data and workflow position in automotive physical damage claims
Verisk
Insurance data, ISO forms and rating content that most American P&C products are built on
As of 31 August 2026, Verisk's pricing is not published; the vendor quotes on request. Less a software product than the data licence underneath United States property and casualty insurance. Softwr lists it under Insurance. Verisk is made by Verisk Analytics, available on Web, API, Windows.
Overview
What Verisk does
Verisk supplies data, analytics and rating content to the insurance industry. The part that matters most commercially is the ISO business: standardised policy forms, rating rules, loss costs and statistical services that carriers licence and file with state regulators. Around that sit catastrophe models, the ClaimSearch claims database, property data and estimating tools including Xactimate, plus underwriting and fraud analytics. It is a public company and, after divesting non-insurance businesses including its energy research arm in 2023, it is focused on insurance again. The fact that changes shortlists is that this is not a competitive software purchase in the normal sense. A carrier writing standard commercial lines uses ISO forms because regulators, reinsurers, agents and courts all understand them, and because building and filing proprietary forms in fifty states is an expense most insurers cannot justify. That gives the content a position closer to infrastructure than to a vendor product, and it shapes the negotiation: you are agreeing terms for something you need rather than choosing between two roughly equal options. Renewal leverage is limited and buyers should know that going in. The buyers are carriers, reinsurers, MGAs and increasingly claims organisations using Xactimate and ClaimSearch. The trade-off is cost and bundling. Verisk sells many products and pricing is negotiated per line and per usage, so the total across underwriting, claims and catastrophe modelling accumulates in a way that is difficult to see from any single contract. Insurers that manage it well maintain a central register of every Verisk agreement and renewal date; those that do not discover overlapping licences across departments.
What people use it for
- A carrier filing standard commercial lines products that must use recognised forms and loss costs
- A claims organisation checking submitted claims against the industry database for prior activity
- A property insurer pricing catastrophe exposure for reinsurance placement
- An MGA that needs bureau content without building and filing proprietary forms in every state
The honest half
Where it falls short
Concrete and checkable, so you can decide whether any of them matter to you. This is the half of a review a vendor will not write about 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.
Cross-shopped
What people choose instead of Verisk
Each pairing was judged by two reviewers asking whether a buyer would genuinely weigh the two against each other. The ones that failed were deleted rather than published.
- VeriskvsMitchell
Mitchell: Alternative claims data and estimating content, particularly in auto and casualty
- VeriskvsOrigami Risk
Origami Risk: Better when the need is risk and claims administration rather than bureau content
Pricing
What Verisk costs
Taken from the vendor's own pricing page. Prices move, so check before you buy.
Verisk Insurance Solutions
On request
- ISO forms and loss cost licensing
- Data and analytics services by line
- API access
- Usage-based components
Capabilities
Features
ISO forms and rating content
Standardised policy forms, rules and loss costs licensed for state filings
ClaimSearch
Industry claims database used for cross-carrier claim matching and fraud detection
Extreme event models
Catastrophe models for hurricane, earthquake, wildfire and other perils
Property data
Building characteristics, replacement cost and aerial imagery derived attributes
Xactimate
Property claims estimating used across carriers, adjusters and contractors
Underwriting analytics
Prefill, risk scoring and rating validation services accessed by API
Answered, with sources
Questions people ask
Each answer names the page it came from, so you can check it rather than take our word for it.
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.
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.
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.
Keep looking
Where to go from Verisk
- Verisk alternativesEvery product people weigh against it
- Verisk pricingPlans, floors and what the tiers exclude
- Verisk badgesWhich rules it meets, and the figure behind each
- All Insurance softwareThe full category
- Best Insurance softwareThe shortlist, and how it was cut
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Softwr does not host reviews and shows no star rating for Verisk, because a rating we did not collect is not ours to publish. What is here is the pricing and platform detail from the vendor’s own pages, limitations we could state concretely, and alternatives a reviewer confirmed people weigh against it. Tell us if any of it is wrong.
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