Verisk Announces U.S. Expansion of Whitespace

Verisk has announced the U.S. launch of Whitespace, our all-in-one intuitive platform enabling brokers, underwriters and managing general agents (MGAs) to offer, negotiate and place business in the global (re)insurance market. The only truly digital platform of its kind, Whitespace caters to different business classes and geographical regions, now including U.S.- based brokers, wholesalers, carriers and risks. This expansion builds on the success of Whitespace in the London market, where nearly 170,000 lines have been written to date in 2024 – more than triple the amount written in 2022.

“The U.S. excess and surplus market reached over $115 billion in direct premiums written in 2023,” said Gregory Gaydos, head of Whitespace U.S. for Verisk. “This not only highlights the increasing significance of this segment but it also points to the shift in how (re)insurers look to conduct business amidst challenges such as market capacity and increasing risk complexity. The market is poised for continued growth in the U.S., and we look forward to helping clients navigate the ever-evolving E&S and specialty insurance ecosystem.”