Verisk Analytics Inc., a source of information about risk, announced the formation of Verisk Crime Analytics, reflecting the company’s recent growth in crime analytics as a result of recent product launches and acquisitions. Verisk now owns and operates national crime databases that provide services to the transportation, construction, retail, manufacturing and insurance industries; those databases also support law enforcement operations.
The assets of Verisk Crime Analytics include national databases for cargo theft, mobile equipment, organized retail crime and bank crime incidents. “The Verisk Crime Analytics division will help us evolve our crime-related analytical tools into an integrated solution that bridges the gap between the public and private sectors,” says Vincent Cialdella, senior vice president of Verisk Insurance Solutions. “In doing so, we’ll unlock further value for the industries we serve.”
Verisk Crime Analytics is headed by David Shillingford, who has led the development and acquisition of the assets that make up the division. “The economic downturn has both increased the motivation for certain crimes and put public safety budgets under pressure,” Shillingford says. “t’s therefore imperative that private industry become better at collaborating and sharing data with the public sector and creating analytical crime prevention methods through a new breed of public-private partnerships. That’s the basis of our solution set.”