Verisk Analytics Inc
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Industrials : Professional Services | Large Cap Blend
Company profile

Verisk Analytics, Inc. is a data analytics provider serving customers in insurance, natural resources and financial services. The Company operates through two segments: Risk Assessment and Decision Analytics. Its Risk Assessment segment serves its property and casualty insurance customers and focuses on prediction of loss, selection and pricing of risk, and compliance with their reporting requirements in each United States state in which they operate. In the Decision Analytics segment, the Company develops predictive models to forecast scenarios and produce both standard and customized analytics that help its customers manage their businesses, including predicting loss, selecting and pricing risk, detecting fraud before and after a loss event, and quantifying losses. It offers predictive analytics and decision support solutions to customers in rating, underwriting, claims, catastrophe and weather risk, natural resources intelligence, economic forecasting and various other fields.

Price
Delayed
$187.61
Day's Change
-1.10 (-0.58%)
Bid
--
Ask
--
B/A Size
--
Day's High
190.00
Day's Low
187.53
Volume
(Average)

Today's volume of 389,228 shares is on pace to be in-line with VRSK's 10-day average volume of 638,421 shares.

389,228

Xactware App Enables Contractors to Create Bids Faster, Potentially Win More Jobs

8:00 am ET May 21, 2020 (Globe Newswire) Print

Xactware's estimating app, XactRemodel GO, is now available to help contractors and remodeling professionals rapidly write bids with their mobile devices and potentially win more jobs. Xactware is a Verisk (Nasdaq:VRSK) business with more than 30 years of experience providing estimating solutions for all phases of building and repair.

"Winning remodeling jobs often comes down to getting the bid done quickly," said Joel Dagenais, senior vice president of Xactware. "With XactRemodel GO, contractors can scope a project, verify labour and material pricing, and write complete bids on their mobile devices -- all while on-site. It's a valuable tool that lets contractors spend less time doing paperwork and more time focused on remodeling."

Initial response to the launch of XactRemodel GO demonstrates contractors' need for the ability to write complete bids on their mobile devices. In a limited release that began last year, the app was downloaded more than 28,000 times.

XactRemodel GO uses smart templates so contractors can build estimates almost instantly, at potential job sites, on-the-go, or from the office. The app generates a professional bid that contractors can send directly to their clients. Contractors can also use the app to track the status of their estimates.

Xactware's comprehensive pricing database powers XactRemodel GO and provides precise, localised, and independently researched pricing updated monthly for more than 10,000 material, labour, and equipment items in more than 460 markets across North America. This proprietary cost information can help contractors ensure their bids appropriately match the scope of proposed remodels.

"XactRemodel GO will help remodeling pros rapidly create polished estimates that give them a winning edge," said Xactware President Mike Fulton. "We're excited to assist contractors in building the future of the remodeling industry."

XactRemodel GO is available on the App Store and Google Play. The subscription includes web access by logging in to app.XactRemodel.com. To learn more, visit XactRemodel.ca.

About Xactware

Xactware specializes in technologies for the property insurance, remodeling, restoration, and mortgage and lending industries. Xactware's tools provide claims estimating, contents replacement, claims management, and property maintenance solutions for desktop, mobile, and online platforms. Xactware's services include repair cost research and reports, aerial imagery, and real-time business intelligence. Xactware has been providing cloud services for customers since 1995. Xactware is a Verisk (Nasdaq:VRSK) business. For more information about Xactware's solutions, contact Xactware at 1-800-424-9228 or www.Xactware.com.

For media information, please contact:

Jens Dana
801-932-8653
jadana@verisk.com

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