Verisk Launches Industry-First Standardized Pet Health Insurance Program to Support U.S. Insurers

Verisk launches a standardized pet health insurance program, providing tools for insurers to enter the growing market efficiently.

Quiver AI Summary

Verisk has announced the launch of a new pet health insurance program within its Core Lines business, aimed at helping U.S. insurers enter and expand in the burgeoning pet insurance market. This program, called the ISO Pet Insurance Line of Business, is significant as it is the first standardized pet insurance program offered by an advisory organization and provides insurers with essential tools such as policy forms, rating rules, and loss costs. With the U.S. pet insurance market reaching nearly $4.75 billion in gross written premiums in 2024, the new initiative addresses the need for structured support in a complex market, promoting greater accessibility and competitive options for pet owners. Verisk's solution also includes tools for accurate risk assessment and regulatory compliance updates, enhancing insurers' ability to meet the growing demand for pet insurance effectively.

Potential Positives

Verisk launched the first standardized pet health insurance program from an advisory organization, addressing a significant gap in the market.
The new suite of tools enables U.S. insurers to effectively enter or expand within the rapidly growing pet insurance market, which reached nearly $4.75 billion in gross written premiums in 2024.
The introduction of actuarially sound loss costs and compliance tools enhances the efficiency and accessibility of pet insurance offerings, reducing complexity for insurers.
Verisk’s program aims to drive innovation in the pet insurance sector, helping more insurers offer coverage and creating a more competitive market for consumers.

Potential Negatives

While the launch of the new pet health insurance program aims to address a growing market need, it also indicates that Verisk is entering a competitive space where it may face significant challenges from established players, potentially impacting its market share.
The press release does not provide information on the expected financial impact of the new program, which raises concerns about the potential costs and resource allocation involved in its implementation and support.
The mention of regulatory fragmentation and market complexities as barriers suggests that the company might face difficulties in gaining widespread adoption of its program, which could affect its overall growth in this sector.

FAQ

What is Verisk's new pet health insurance program?

Verisk's new program offers U.S. insurers standardized tools and insights to enter or expand in the pet insurance market.

Why is pet insurance demand increasing?

The demand for pet insurance is rising due to more people adopting pets and surging veterinary costs, reaching nearly $4.75 billion in 2024.

What features does Verisk's Pet Insurance Line of Business program include?

The program includes policy forms, rating rules, loss costs, and compliance updates to streamline insurance processes in the pet market.

How does Verisk's program enhance market accessibility?

By providing a standardized advisory program, Verisk reduces complexities, enabling more insurers to offer pet insurance and improve market competition.

Where can insurers access Verisk's Pet Line of Business Hub?

Insurers can access the Pet Line of Business Hub on Verisk's core.verisk.com platform for comprehensive tools and resources.

Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.

$VRSK Congressional Stock Trading

Members of Congress have traded $VRSK stock 3 times in the past 6 months. Of those trades, 1 have been purchases and 2 have been sales.

Here’s a breakdown of recent trading of $VRSK stock by members of Congress over the last 6 months:

REPRESENTATIVE VAL T. HOYLE sold up to $15,000 on 09/23.
REPRESENTATIVE LISA C. MCCLAIN has traded it 2 times. They made 1 purchase worth up to $15,000 on 08/04 and 1 sale worth up to $15,000 on 08/13.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard.

$VRSK Insider Trading Activity

$VRSK insiders have traded $VRSK stock on the open market 19 times in the past 6 months. Of those trades, 1 have been purchases and 18 have been sales.

Here’s a breakdown of recent trading of $VRSK stock by insiders over the last 6 months:

NICHOLAS DAFFAN (Chief Information Officer) has made 0 purchases and 4 sales selling 21,678 shares for an estimated $6,264,846.
SAMUEL G LISS has made 0 purchases and 2 sales selling 11,656 shares for an estimated $3,648,994.
DAVID J. GROVER (Chief Accounting Officer) sold 5,705 shares for an estimated $1,755,314
LEE SHAVEL (Chief Executive Officer) has made 0 purchases and 4 sales selling 4,400 shares for an estimated $1,260,666.
ELIZABETH MANN (Chief Financial Officer) has made 0 purchases and 6 sales selling 1,800 shares for an estimated $519,915.
CHRISTOPHER JOHN PERRY purchased 1,000 shares for an estimated $259,800
KATHY CARD BECKLES (Chief Legal Officer) sold 326 shares for an estimated $98,080

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$VRSK Hedge Fund Activity

We have seen 491 institutional investors add shares of $VRSK stock to their portfolio, and 454 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

FMR LLC added 846,238 shares (+17.7%) to their portfolio in Q2 2025, for an estimated $263,603,137
PRICE T ROWE ASSOCIATES INC /MD/ removed 491,567 shares (-28.8%) from their portfolio in Q2 2025, for an estimated $153,123,120
NUVEEN, LLC removed 484,684 shares (-28.4%) from their portfolio in Q2 2025, for an estimated $150,979,066
BANK JULIUS BAER & CO. LTD, ZURICH removed 370,741 shares (-48.2%) from their portfolio in Q2 2025, for an estimated $115,485,821
VOLORIDGE INVESTMENT MANAGEMENT, LLC removed 267,020 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $83,176,730
POINT72 ASSET MANAGEMENT, L.P. added 254,000 shares (+inf%) to their portfolio in Q2 2025, for an estimated $79,121,000
TWO SIGMA INVESTMENTS, LP removed 246,682 shares (-43.2%) from their portfolio in Q2 2025, for an estimated $76,841,443

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$VRSK Analyst Ratings

Wall Street analysts have issued reports on $VRSK in the last several months. We have seen 3 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

Seaport Global issued a "Buy" rating on 10/01/2025
Wolfe Research issued a "Outperform" rating on 09/03/2025
Baird issued a "Outperform" rating on 05/08/2025

To track analyst ratings and price targets for $VRSK, check out Quiver Quantitative's $VRSK forecast page.

$VRSK Price Targets

Multiple analysts have issued price targets for $VRSK recently. We have seen 7 analysts offer price targets for $VRSK in the last 6 months, with a median target of $319.0.

Here are some recent targets:

John Mazzoni from Seaport Global set a target price of $280.0 on 10/01/2025
Jason Haas from Wells Fargo set a target price of $334.0 on 09/17/2025
Scott Wurtzel from Wolfe Research set a target price of $320.0 on 09/03/2025
C. Gregory Peters from Raymond James set a target price of $315.0 on 08/04/2025
Toni Kaplan from Morgan Stanley set a target price of $319.0 on 07/31/2025
Alex Kramm from UBS set a target price of $300.0 on 07/31/2025
Jeffrey Meuler from Baird set a target price of $335.0 on 05/08/2025

Full Release

JERSEY CITY, N.J., Oct. 14, 2025 (GLOBE NEWSWIRE) -- Verisk (Nasdaq: VRSK), a leading strategic data analytics and technology partner to the global insurance industry, today announced the launch of a pet health insurance program within its Core Lines business. The first-of-its-kind program offers U.S. insurers a robust suite of standardized tools and insights to support entry into or expansion within the rapidly growing pet insurance market.

Verisk’s new ISO Pet Insurance Line of Business program will offer insurers policy forms, rating rules and loss costs, marking the first standardized pet insurance program from an advisory organization.

“As more people have welcomed pets into their lives, the demand for pet insurance has surged in recent years along with veterinary costs,” said Ron Beiderman, chief product officer, Core Lines at Verisk. “With our new program, insurers have the tools and insights to support this growing market, reduce complexities and bring innovative coverage options to market faster, giving pet parents peace of mind.”

Meeting a Growing Market Need

The U.S. pet insurance market reached nearly $4.75 billion in gross written premiums in 2024, reflecting a 21.4 percent year-over-year increase, according to the 2025 NAPHIA State of the Industry Report. The number of insured pets also grew by 12.7 percent.

Verisk’s new Pet Line of Business Hub , available on its core.verisk.com platform, offers:

Actuarially sound advisory loss costs and territorial rating tools that incorporate geography, breed, age and other factors to access risk accurately and appropriately.
An accident and illness policy form and related endorsements to help insurers provide adequate coverage.

Monitoring and compliance updates via Verisk’s Pet Legislation Dashboard which provides state-specific legislation comparisons and NAIC Pet Insurance Model Law analysis.

Driving Innovation and Accessibility

The lack of a standardized advisory program has been a barrier for many insurers, due to market complexities that lead to lower adoption rates and higher churn for policyholders as well as regulatory fragmentation. Verisk’s solution addresses this gap, enabling more carriers to offer pet insurance and contribute to a more competitive and accessible market.

Beiderman added: “Pet insurance is no longer a niche offering. Verisk’s new program helps insurers serve policyholders with empathy and precision, while helping protect the pets they cherish.”

To learn more, please visit Verisk’s Pet Line of Business hub .

Verisk’s Underwriting & Rating Solutions helps global insurers, reinsurers and other stakeholders modernize their processes, reduce operating costs and underwrite risks quickly and precisely. These solutions support (re)insurers across multiple lines of business, including personal & commercial property, personal & commercial auto, small commercial and general liability programming to streamline forms, rules, loss costs and rating-related information.

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About Verisk
Verisk (Nasdaq: VRSK) is a leading strategic data analytics and technology partner to the global insurance industry. It empowers clients to strengthen operating efficiency, improve underwriting and claims outcomes, combat fraud and make informed decisions about global risks, including climate change, extreme events, sustainability and political issues. Through advanced data analytics, software, scientific research and deep industry knowledge, Verisk helps build global resilience for individuals, communities and businesses. With teams across more than 20 countries, Verisk consistently earns certification by Great Place to Work and fosters an inclusive culture where all team members feel they belong. For more, visit Verisk.com and the Verisk Newsroom .