Verisk is the leading data and analytics solutions provider to Property and Casualty (P&C) insurance industry. The company was founded by a collective of the industry in 1971 as a non-profit advisory and rating organization that became the central repository for industry data. Members of the P&C insurance industry (now all customers of Verisk) initially leveraged the data to define coverages, issue policies and price risk. As Verisk became an independent for-profit organization, the company expanded its data capabilities into claims processing, fraud detection, catastrophe modeling, etc. through a series of acquisitions.