Lee Shavel

Lee Shavel leads Verisk Analytics as President and CEO, overseeing the dominant data analytics platform for the U.S. property and casualty (P&C) insurance industry. Verisk's network effect is extraordinarily powerful: 99% of U.S. P&C insurers contribute data to Verisk and use its analytics in return. This creates a virtuous cycle — the more data Verisk collects, the more accurate its models become, which attracts more insurers, which generates more data. Verisk provides the actuarial and statistical data that underlies insurance pricing (ISO statistical data), catastrophe risk modeling (AIR Worldwide), claims analytics, underwriting decision support, and regulatory compliance tools. When an insurer sets a price for a homeowner's policy or assesses wildfire risk, they almost certainly use Verisk data and models. After divesting its energy and financial services businesses, Verisk is now a pure-play insurance analytics company with higher margins and more predictable growth. Key stock drivers include U.S. P&C insurance premium growth (which drives Verisk's subscription revenue), catastrophe modeling demand following major natural disasters, new product launches and cross-selling, subscription revenue retention rates, pricing increases, insurance industry technology adoption, and the impact of climate change on property risk assessment demand.