Verisk's Geomni Unveils Aerial Imagery Subscription Service
Zacks Investment Research | Mar 04, 2019 08:52PM ET
Verisk Analytics, Inc.’s (NASDAQ:VRSK) business — GeomniTM — unveiled a new subscription service, Geomni Vision.
Through this service, customers can access geospatial data for structures and parcels throughout the United States, with the help of high-resolution aerial oblique and orthogonal imagery libraries and related tools (which includes viewer, arc-GIS plug-ins, post-catastrophe machine learning data).
Geomni Vision can be accessed through Geomni`s online web viewer via plug-in applications such as ArcMap and ArcGIS Pro or with other solutions that use industry-standard WMTS APIs.
Geomni uses remote sensing technologies to refresh the aerial imagery library.
Comments From Management
Jeffrey C. Taylor, president of Geomni, stated, "The new service will significantly improve the way customers approach underwriting and insurance claims."
He further added, "Having access to the most current orthogonal and oblique aerial imagery, along with all the measurement tools, will be a vital asset to customers for risk assessment in their front-end underwriting process, resource deployment, claims processing, and claims project management.”
To Conclude
The launchis expected to help Verisk enhance its Insurance segment, which provides underwriting and ratings, and claims insurance data for the U.S. property and casualty ("P&C") insurance industry.
Performance of the segment was strong in the last reported quarter with revenues increasing 7.6% year over year on a reported basis, 6.2% organically and 6.4% on an organic constant currency basis in the last reported quarter. The segment contributed the largest chunk (around 71%) to Verisk’s fourth-quarter 2018 revenues.
Zacks Rank & Stocks to Consider
Currently, Verisk carries a Zacks Rank #3 (Hold). You can see Original post
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.