Verisk CEO Still Sees Pressure on Life Insurers

Verisk Analytics CEO Lee Shavel said Wednesday that some life insurers are facing pressure, and that the pressure is good for Verisk insurance support services sales.

During a conference call, a securities analyst asked Shavel about the effects of problems with commercial real estate and bond investments on life insurers.

“I would, first, recognize that pressure,” Shavel said. “But that pressure is, in fact, creating the opportunity that we are pursuing.”

What It Means

The companies backing your clients’ life insurance policies and annuities may continue to go through big changes.

Verisk

Verisk held the conference call, which was streamed live online, to go over first-quarter results with analysts.

Verisk is a Jersey City, New Jersey-based company best known to the public for estimating the amount of losses caused by hurricanes and other disasters.

In the past, the company provided many different types of support services for property and casualty insurers. In recent years, it has marketed itself to life and annuity issuers. Companies can pay it a subscription fee for access to the services needed to offer life and annuity products.