Verisk Analytics Inc was incorporated in Delaware in 1971. The Company provides information about risk to professionals in insurance, healthcare, financial services, government, supply chain, and risk management. Using technologies to collect and analyze billions of records, the Company provides predictive analytics and decision-support solutions in fraud prevention, actuarial science, insurance coverages, fire protection, catastrophe and weather risk, profitability optimization, data management, and many other fields. In the United States and around the world, it helps the customers to protect people, property, and financial assets. The Company's business segments include Risk Assessment and Decision Analytics. The Risk Assessment segment serves its P&C insurance customers and focuses on the first two decision making processes in its Risk Analysis Framework: prediction of loss and selection and pricing of risk. Within this segment, it also provide solutions to help the insurance customers comply with their reporting requirements in each U.S. state in which it operates. Its customers include P&C insurance providers in the U.S. In the Decision Analytics segment, the Company supports all four phases of its Risk Analysis Framework. The Company develops predictive models to forecast scenarios and produce both standard and customized analytics that help its customers to predict loss, select and price risk, detect fraud before and after a loss event, and quantify losses. The Company also offers its customers access to wholesale and retail price lists, which include structural repair and restoration pricing for 467 separate economic areas in North America. It offers payment accuracy solutions that help healthcare claims payors detect fraud, abuse and overpayment. It also offers a comprehensive suite of data and information services that enables improved compliance with Environmental Health & Safety, or EH&S requirements related to the safe manufacturing, distribution, transportation, usage and disposal of chemicals and products. The Company's competitors include other statistical agents, including the National Independent Statistical Service, the Independent Statistical Service and other advisory organizations, providing underwriting rules, prospective loss costs and coverage language such as the American Association of Insurance Services and Mutual Services Organization, information technology product and services vendors, management and strategy consulting firms including Deloitte Consulting LLP, and smaller specialized information technology firms and analytical services firms including Pinnacle Consulting and EMB, a unit of Towers Watson. The Company sells its products and services through direct interaction with its clients. It employs a three-tier sales structure that includes salespeople, product specialists and sales support. The Company's business involves the distribution of certain personal, public and non-public data to businesses and governmental entities that make eligibility, service and marketing decisions based on such data, certain of its solutions and services are subject to regulation under federal, state and local laws in the United States and, to a lesser extent, foreign countries.