Verisk Analytics Welcomes Pradip Patiath to Board of Directors

Verisk Analytics Inc. (Nasdaq: VRSK), a prominent strategic data analytics and technology partner to the global insurance industry, has announced the election of Pradip Patiath to its Board of Directors, effective immediately. This strategic move underscores Verisk's commitment to enhancing its leadership team with experts who possess extensive experience in the rapidly evolving insurance landscape.

Bruce Hansen, chair of Verisk's Board of Directors, expressed enthusiasm regarding Patiath's appointment. "We’re pleased to welcome Pradip to Verisk’s Board of Directors," Hansen stated. "Pradip brings deep experience helping leading insurers navigate growth, digitalization, and large-scale transformation. His perspective across insurance, technology, and analytics will be a strong addition to the board as Verisk continues to deliver the data, analytics, and innovation the global insurance industry relies on."

This sentiment was echoed by Lee M. Shavel, President and CEO of Verisk. He emphasized the relevance of Patiath's expertise, stating, "Pradip's background sits at the heart of what Verisk does—helping insurers harness data, embrace new technology, and transform how they operate. As we continue embedding AI into essential insurance workflows, his counsel will be invaluable."

Patiath joins Verisk with over three decades of experience in the financial services and technology sectors, having served as a Senior Partner at McKinsey & Company since June 2011. His career has been marked by leadership roles in McKinsey’s Financial Services and Technology practices, where he has co-led initiatives in North American digital insurance and consumer and business banking.

Before his tenure at McKinsey, Patiath was the president and COO of CCC Information Services, where he played a pivotal role in developing an enterprise software and information platform for the digital insurance sector. His international experience spans markets in North America, the UK, Europe, South America, and Asia, making him a well-rounded addition to the board.

In addition to his professional accomplishments, Patiath contributes to several prestigious organizations. He currently serves on the boards of the Smithsonian Museum and Northwestern University’s Kellogg School and has previously chaired the Board of the Adler Planetarium of Chicago.

In conjunction with Patiath's appointment, Verisk also announced the retirement of Kathleen Hogenson from its Board of Directors. Hogenson, who joined the board in 2016, served on the Audit, Executive, and Risk committees, notably chairing the Audit Committee.

Hansen expressed gratitude for Hogenson's contributions, stating, "On behalf of my colleagues on the board and the Verisk team, I would like to thank Kathleen for her service and many contributions to Verisk. Her leadership and counsel have helped guide the company through an important period of transformation."

Shavel added, “Kathleen has been a thoughtful and trusted advisor to Verisk, and we appreciate the perspective she brought to the board as we’ve strengthened our role as a strategic partner to the global insurance industry.”

Verisk Analytics continues to be a key player in the global insurance sector, providing clients with data-driven insights to enhance operating efficiency, improve underwriting and claims outcomes, and combat fraud. The company is committed to empowering businesses to make informed decisions regarding global risks, including climate change and catastrophic events.

With teams across more than 20 countries, Verisk is recognized for its commitment to fostering a positive workplace culture, consistently earning certification by Great Place to Work.

As Verisk moves forward with its strategic initiatives, the addition of Pradip Patiath to the Board of Directors signals a promising future for the company and its stakeholders.