Verisk Ranked 477th in Market Activity as Partnership with Legentic Targets $308B Insurance Fraud Crisis

On August 22, 2025, Verisk (VRSK) traded with a volume of $0.22 billion, ranking 477th in market activity. The stock closed down 0.31%, reflecting mixed investor sentiment amid strategic developments.

Verisk announced a partnership with Legentic to integrate two advanced fraud detection tools into its ClaimSearch platform. The Digital Commerce Detector automates identification of suspicious online marketplace activity linked to stolen assets, while the Digital Asset Finder streamlines recovery of legitimately stolen property post-claim payout. These tools aim to address rising U.S. insurance fraud costs, which reached $308.6 billion annually, by reducing manual investigation burdens and enhancing asset recovery efficiency.

Jeff Ryan, Verisk’s chief product officer, emphasized the tools’ ability to provide automated access to previously inaccessible data points, enabling insurers to detect fraud earlier and improve claim outcomes. Legentic’s technology, already deployed in Europe, will now scale across the U.S. through this collaboration. The integration is expected to strengthen operational efficiency and subrogation efforts for insurers, aligning with growing industry demand for automation in fraud prevention.

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