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iGUIDE Virtual Walkthrough Is Now Available in Verisk's Xactimate Solution

1. Verisk expands collaboration with Planitar for virtual walkthrough technology. 2. Partnership enhances data analytics in insurance claims management.

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Why Bullish?

The collaboration with Planitar enhances Verisk's offering in property claims, potentially driving market share growth. Historical expansions in technology partnerships have often positively impacted stock performance due to increased competitive edge.

How important is it?

The partnership introduces innovative capabilities that might enhance Verisk's competitive positioning and revenue generation, reflecting overall positive industry trends.

Why Long Term?

Long-term benefits can be expected as improved offerings may lead to increased adoption by insurance companies, stabilizing revenue streams. Previous collaborations in tech have shown sustained growth in associated firms after well-implemented strategies.

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VRSKMSICARRCNADOV
WATERLOO, Ontario & JERSEY CITY, N.J.--(BUSINESS WIRE)--Planitar Inc., makers of iGUIDE, a leading proprietary camera and software platform for capturing and delivering immersive virtual walkthroughs, precise floor plans, and accurate property data, today announced an expanded collaboration with Verisk (Nasdaq: VRSK), a leading global data analytics and technology provider, and its industry-leading Xactimate® solution for property claims management. Insurance, restoration, and claims profession.

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