Spotlight

Verisk Specialty Business Solutions

Verisk Specialty Business Solutions (SBS) is a leading insurance and reinsurance software specialist that operates in the London and global insurance markets.

Verisk SBS is part of a global organisation that is synonymous with industry innovation and driven by leading experts in their field and have a strong track record for delivering successful transformation programmes for underwriters, brokers and MGAs within the Lloyd’s, companies and international insurance/reinsurance sector.

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Verisk (Nasdaq: VRSK) provides data-driven analytic insights and solutions for the insurance and energy industries. Through advanced data analytics, software, scientific research and deep industry knowledge, Verisk empowers customers to strengthen operating efficiency, improve underwriting and claims outcomes, combat fraud, and make informed decisions about global issues including climate change and extreme events as well as political and ESG topics.

As part of Verisk, Whitespace delivers a digital platform for the global (re)insurance marketplace that is Lloyd’s approved. The Whitespace Platform enables the (re)insurance industries to fully digitise and integrate with the placing process right from the outset.

The Verisk brand performed well in the Gracechurch London Insurance Technology Monitor 2022, coming out first for top-of-mind awareness. Whitespace also performed well here coming out second. Verisk also scored highly in terms of a ‘trusted’ brand in the Insurtech landscape.**

Whitespace performed well in the Gracechurch E-trading survey 2022 for user friendly interface/ease of use, system reliability, ease of use across devices/platforms and client risk information.
Whitespace is recognised in the tech community but much more so in the wider insurance community and is very positively rated by users.**

** Gracechurch Consulting 2022

Verisk in five

  1. Verisk named as most trusted provider in 2022 Gracechurch Insurance Technology Monitor.
  2. Whitespace rated best for ease of use in Gracechurch 2022 London Etrading Monitor.
  3. Verisk Specialty Business Solutions has been a leading industry software specialist for over 30 years.
  4. Verisk ranks in the Fortune 1000. Source D&B 2023.
  5. Verisk employs over 7,000 people across the group.

Verisk people

Tim Rayner
Chief Executive Officer

As chief executive officer and president of Specialty Business Solutions at Verisk, Tim Rayner drives deliberate, disciplined design and delivery of experiences to clients and team members. He works to increase understanding and create connections between these two groups while advocating for the integration they require, technical or otherwise.

Richard Reggel
Chief Commercial Officer

As chief commercial officer, EMEA, for Specialty Business Solutions at Verisk, Richard Reggel is responsible for the oversight of all commercial activities in Europe, the Middle East, and Africa.

Richard Smith
Chief Product Officer

Richard Smith is responsible for Specialty Business Solutions’ product strategy, pre-sales and business engagement across the EMEA region.

Reid Stanway
Chief Digital Officer

As chief digital officer of Specialty Business Solutions at Verisk, Reid Stanway will work with insurance market participants to navigate the increasingly complex world of digital transformation and trading.

Chloe Foster
Marketing Director

As Marketing Director of Specialty Business Solutions at Verisk, Chloe Foster is responsible for the oversight of all marketing activities, driving awareness and lead generation to accelerate the proposition and product suite of the business.

Danny Flavelle
Chief Technology Officer

As Chief Technology Officer for Specialty Business Solutions at Verisk, Danny Flavelle concentrates on ensuring the software and technology direction aligns with Verisk’s overall vision, strategy, and objectives.