For more information, please visit Story continuesĪIR Worldwide (AIR) provides catastrophe risk modeling solutions that make individuals, businesses, and society more resilient. Arium specializes in developing risk models, primarily for the reinsurance industry, using a unique methodology based on dependency theory. "Combined with AIR`s leading models, Arium`s solutions will now enable customers to manage their extreme event risk from both property and casualty catastrophe exposures."Īrchitects for Risk Identification, Understanding, and Management (Arium) was established in 1998 by Robin Wilkinson, former head of Legal Services at British Airways. "Arium is a valuable addition to the Verisk Analytics family of businesses, providing critical insurance expertise," added Mark Anquillare, executive vice president and chief operating officer of Verisk Analytics. "Our casualty analytics platform extends well beyond product liability, enabling companies to run historical and emerging scenarios and build their own scenarios across all casualty lines to visualize how a single event can quickly spill over into other industries and their supply chains." For more information, please visit excited to join the Verisk Analytics family of businesses and expand AIR`s offerings through our expertise in liability risk," said Robin Wilkinson, founder and managing director of Arium. Verisk is one of only seven companies to appear on both lists. In 2017, Forbes magazine named Verisk Analytics to its America’s Best Mid-Size Employers list and to its World’s Most Innovative Companies list.
Headquartered in Jersey City, N.J., Verisk Analytics operates in 29 countries and is a member of Standard & Poor’s S&P 500 ® Index. Around the world, Verisk Analytics helps customers protect people, property, and financial assets. 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. Using advanced technologies to collect and analyze billions of records, Verisk Analytics draws on unique data assets and deep domain expertise to provide first-to-market innovations that are integrated into customer workflows. Verisk Analytics (Nasdaq:VRSK) is a leading data analytics provider serving customers in insurance, natural resources, and financial services. “This enhancement will enable our members to leverage years of CargoNet’s industry-leading supply chain theft data to better understand and visualize their exposure for specific commodities and locations along any route in the United States and Canada.” “The launch of RouteSearch highlights our commitment to supporting our members in their efforts to avoid cargo theft through information sharing, cargo theft trends, and analytics,” added Canale. In addition, the organization has been successful in aiding law enforcement with dozens of arrests, using its 24/7/365 command center and its cargo crime database. Since its launch in 2010, CargoNet has helped its members recover more than $50 million in stolen tractors, trailers, and cargo. By providing recovery support, deterrence measures, and coordinated real-time communications between theft victims and law enforcement agents, CargoNet helps its members prevent cargo theft and improve chances of recovery. It was created for the industry, by the industry.”ĬargoNet is centered on a national database and information-sharing system managed by crime analysts and subject matter experts. Anthony Canale, general manager of CargoNet, explained, “RouteSearch was developed with input from our advisory board and several CargoNet members to enhance critical decision-making support.
There is also the ability to zoom into the street level or switch to satellite view to confirm theft locations. Users can adjust the radius and date range of theft data, access detailed loss information, filter by commodity, and even layer on truck stop locations. RouteSearch, a new tool immediately available to CargoNet members, improves users’ ability to prevent cargo theft with customized route mapping that identifies potential risk to reduce exposure to theft losses.įor the first time, CargoNet member companies can custom-build cargo routes to see the accompanying theft risks as visualizations of CargoNet’s proprietary data.
16, 2017) - Verisk Analytics, a leading data analytics provider, announced today that its CargoNet ® business released a significant upgrade to its proprietary database of supply chain cargo crime and fraud prevention information.