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Verisk Beats Q1 Profit Estimates on Strong Demand for Insurance Analytics Amid Rising Climate Risks

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Verisk Analytics (VRSK.O) reported better-than-expected earnings for the first quarter of 2025, as increased demand for its data analytics products—particularly among property and casualty (P&C) insurers—boosted revenue. The firm has become a critical partner to insurers facing mounting claims from extreme weather events, including record-setting disasters like the California wildfires, which alone have caused economic losses of up to $250 billion.

In response to climate-driven volatility, insurers are relying more heavily on Verisk’s catastrophe modeling, predictive analytics, and AI-powered insights to assess risk and price policies more effectively.

Q1 Financial Highlights:

  • Revenue: $753 million, up 7% YoY (vs. $749.8M estimate)

  • Adjusted EPS: $1.73, up from $1.63 YoY (vs. $1.68 estimate)

  • Underwriting revenue: $532 million, up 6.8%

  • Claims revenue: Up 7.5%, driven by demand for anti-fraud tools and property estimating solutions

Verisk’s continued integration of artificial intelligence has enhanced its ability to deliver real-time, actionable insights, helping clients better manage underwriting risks and streamline claims operations.

The company’s New Jersey-based analytics business has remained resilient amid market volatility, and its stock has gained 7.5% year-to-date, outperforming the S&P 500, which has declined nearly 5% over the same period.

As insurers grapple with the financial toll of climate change and natural disasters, Verisk’s role in enabling data-driven decision-making is becoming increasingly indispensable.

Singapore’s Bolttech Raises Over $100 Million in Series C Funding

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Bolttech, a Singapore-based insurance technology firm, has successfully raised more than $100 million in its latest Series C funding round, bringing its valuation to $2.1 billion. This round was led by Dragon Fund, a subsidiary of Mitsubishi UFJ Financial Group, and fintech direct lender Liquidity Group. The funding will support bolttech’s global expansion strategy.

Funding and Company Growth

The Series C funding round represents a significant increase from the $1.6 billion valuation in its previous Series B round, which took place in May 2023. Bolttech, founded in 2020, operates a digital platform that facilitates the buying and selling of insurance and protection products. The company’s platform connects insurers, distributors, and customers in over 35 markets across North America, Asia, Europe, and Africa.

Investment Details

In addition to Dragon Fund and Liquidity Group, other notable investors in the Series C round include UK investment management firm Baillie Gifford and the private equity arm of insurer Generali, Lion River. The latest investment marks a continued interest in the insurtech sector, which saw a peak of $1.38 billion in global investment in Q3 2023, driven in part by the growing influence of artificial intelligence in the industry.

Additional Funding

Bolttech also secured additional financial backing in 2023. In September, the company extended its Series B round, raising $246 million, including $50 million from impact investment firm LeapFrog. Last month, it closed a $50 million venture debt facility with HSBC.