Verisk (Property Claim Services)
A catastrophe insured-loss estimation service operated by Verisk. Officially designates catastrophe events in the United States and publishes consolidated industry-loss estimates. A reference index for triggering many risk-transfer contracts.
Industry-loss estimation through insurer surveys and extrapolation, with formal designation of events above a threshold. The official designation and the service's neutrality make it a recognised trigger for ILS and index reinsurance.
Use as a United States industry-loss trigger in ILS structuring and catastrophe-loss tracking. The North American counterpart to PERILS.