Case Study: Verisk achieves faster, more accurate claims decisions, fraud detection, and catastrophe assessment with TIBCO Software (Spotfire)

Verisk’s Insurance insights enable better claim decision, fraud detection, and catastrophe management

Verisk, a provider of predictive analytics and decision-support for insurance and related markets, needed to make its vast analytics easier for customers to understand and act on. Faced with multilayered data from billions of claims, property and community reports, fraud indicators, weather events, and major catastrophes, the company sought a visualization approach to accelerate delivery of actionable insights and improve claims, fraud, and catastrophe decision-making.

By deploying TIBCO Spotfire visualizations and embedding dashboards into ISO ClaimSearch and other tools, Verisk enabled customers to map claims, spot anomalies and potential fraud, and plan for events like hurricanes using layered weather and aerial imagery. The solution streamlined adjuster workflows and real-time analysis and produced measurable scale: 21 billion policy records handled, 1.2 billion insurance claims visualized, and 14 petabytes of data wrangled—delivering faster, clearer decisions for insurers.

Verisk

Anthony Fiorino

Vice President of Engineering and Chief Data Officer