Verisk (Nasdaq: VRSK), a leading strategic data analytics and technology partner to the global insurance industry, has announced the election of Pradip Patiath to its Board of Directors, effective immediately. Patiath brings over three decades of experience in financial services and technology, having served as a Senior Partner at McKinsey & Company since 2011 and co-led the firm's North American digital insurance and consumer and business banking sectors over the past decade.
Board Leadership Comments
Bruce Hansen, chair of Verisk's Board of Directors, expressed enthusiasm about the appointment. "We're pleased to welcome Pradip to Verisk's Board of Directors. Pradip brings deep experience helping leading insurers navigate growth, digitalization and large-scale transformation. His perspective across insurance, technology and analytics will be a strong addition to the board as Verisk continues to deliver the data, analytics and innovation the global insurance industry relies on."
Lee M. Shavel, president and CEO of Verisk, highlighted Patiath's alignment with the company's core mission. "Pradip's background sits at the heart of what Verisk does—helping insurers harness data, embrace new technology and transform how they operate. As we continue embedding AI into essential insurance workflows, his counsel will be invaluable."
Pradip Patiath's Background
Patiath has been a senior global leader in McKinsey's Financial Services and Technology practices since 1996. His extensive experience includes serving leading institutions in insurance, banking, wealth and asset management, private equity, payments, and fintech sectors on strategy, organic business builds, AI and digital transformations, organizational effectiveness, M&A, and large-scale performance turnarounds. His work has spanned North America, the UK, Europe, South America, and Asia. Prior to McKinsey, Patiath served as president and COO of CCC Information Services, where he helped build an enterprise software and information platform for the digital insurance sector.
Patiath currently serves on the boards of the Smithsonian Museum, Northwestern University's Kellogg School, Chicago Humanities, and Frost Museum of Science, and previously chaired the Board of the Adler Planetarium of Chicago.
Kathleen Hogenson Retires
Verisk also announced the retirement of Kathleen Hogenson from its Board of Directors. Hogenson was elected to the board in 2016 and served on the Audit, Executive, and Risk committees, including as chair of the Audit Committee.
"On behalf of my colleagues on the board and the Verisk team, I would like to thank Kathleen for her service and many contributions to Verisk," Hansen said. "Her leadership and counsel have helped guide the company through an important period of transformation, and we are grateful for her commitment to Verisk and its shareholders."
Shavel added, "Kathleen has been a thoughtful and trusted advisor to Verisk, and we appreciate the perspective she brought to the board as we've strengthened our role as a strategic partner to the global insurance industry."
These changes reflect Verisk's commitment to strengthening its board with expertise in data analytics, technology, and insurance transformation, while honoring the contributions of long-serving directors.
