Verisk Offers Insurers and Lenders Four-Month, Complimentary Access to Coverage Verifier-Verification as a Service During COV...
May 27 2020 - 2:24PM
Verisk (Nasdaq:VRSK), a leading data analytics provider, is
offering four months of complimentary access during the COVID-19
pandemic to Coverage Verifier-Verification as a Service (CV-VaaS),
a new, digital platform that delivers insurance information lenders
need to process loans with increased efficiency.
Instead of spending time and resources calling, faxing, or
e-mailing insurers to confirm that vehicles or mortgages have the
required insurance coverage, lenders can simply enter the
borrower’s information into CV-VaaS and quickly receive
verification of coverage.
Through the platform, CV-VaaS will enable participating insurers
to establish a lender portal to automate and digitize the
verification process. CV-VaaS connects Verisk’s Coverage Verifier
database and Loan VerifierTM, a new contributory database that
collects lien information in concert with Verisk’s policy and
claims databases.
“The effects of the COVID-19 pandemic have placed increased
pressure on insurers and lenders to pivot and find tools that help
them serve customers with greater efficiency,” said Jeremy Cook,
senior vice president of personal lines at Verisk. “The CV-VaaS
platform re-imagines an important, behind-the-scenes function,
enabling both parties to replace time-consuming manual processes
with a fast and easy verification service.”
Lenders and insurers will be able to use CV-VaaS at no charge
from June 1 through October 1, 2020. To learn more about CV-VaaS,
visit https://www.verisk.com/insurance/products/cv-vaas/.
About Verisk
Verisk (Nasdaq:VRSK) is a leading data analytics provider
serving customers in insurance, energy and specialized markets, and
financial services. Using advanced technologies to collect and
analyze billions of records, Verisk draws on unique data assets and
deep domain expertise to provide first-to-market innovations that
are integrated into customer workflows. Verisk offers predictive
analytics and decision support solutions to customers in rating,
underwriting, claims, catastrophe and weather risk, global risk
analytics, natural resources intelligence, economic forecasting,
and many other fields. Around the world, Verisk helps customers
protect people, property, and financial assets.
Headquartered in Jersey City, N.J., Verisk operates in 30
countries and is a member of Standard & Poor's S&P 500®
Index. In 2018, Forbes magazine named Verisk to its World's Best
Employers list. For more information, please visit
www.verisk.com.
Contact:Brett GarrisonEdelman (for
Verisk)917-639-4903Brett.Garrison@edelman.com
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