Press Release

JERSEY CITY, N.J., Jan. 7, 2016 — Verisk Analytics (Nasdaq:VRSK), a leading data analytics provider, today announced that it has appointed Bill Churney to the position of president of its AIR Worldwide business. Former AIR President Ming Lee retired effective January 1, 2016, concluding a successful 20-year career at AIR Worldwide, and will continue at AIR until June 2016 in a nonexecutive role.

AIR is the scientific leader and most respected provider of risk modeling software and consulting services. AIR founded the catastrophe modeling industry in 1987 and today models the risk from natural catastrophes and terrorism in more than 90 countries. Churney will have immediate responsibility for setting global strategy and overseeing worldwide operations at AIR.

“I’m extremely pleased to appoint Bill Churney as AIR’s new president—to lead the company as it continues to experience rapid growth in the global insurance market,” said Scott Stephenson, Verisk Analytics president and chief executive officer. “Bill has been an invaluable member of our team for many years and has shown great leadership skills and a strong dedication to our mission and core values. I look forward to seeing his vision for the future of catastrophe modeling come to fruition.”

Churney joined AIR in 2002 and most recently served as chief operating officer. In that role, he was responsible for overseeing strategic direction and company operations for product management, software product development, global business development, marketing, consulting, and client service activities. Churney has extensive experience working directly with companies to better understand their catastrophe risk management processes and to identify ways to implement analytics to improve risk management.

“I’m very honored and humbled to have the opportunity to serve as AIR’s next president,” commented Churney. “These are exciting, if challenging, times. Much of the world is still highly at risk from extreme events, whether from natural or man-made causes. I look forward to leading the highly talented team at AIR to help our clients and society at large better prepare for and respond to such events. By continuing our focus on developing advanced models and innovative technology solutions, we look forward to helping our clients capitalize on the many opportunities that exist to better manage risk.”

Before joining AIR, Churney worked in product management and operations management. He holds a B.A. in economics from Haverford College and an M.B.A. from the Tuck School of Business at Dartmouth College.

About Verisk Analytics

Verisk Analytics (Nasdaq:VRSK) is a leading data analytics provider serving customers in insurance, energy, healthcare, financial services, government, and risk management. Using advanced technologies to collect and analyze billions of records, Verisk Analytics draws on vast industry expertise and unique proprietary data sets to provide predictive analytics and decision support solutions in fraud prevention, actuarial science, insurance coverages, fire protection, catastrophe and weather risk, data management, and many other fields. In the United States and around the world, Verisk Analytics helps customers protect people, property, and financial assets. For more information, visit www.verisk.com.


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