Verisk, a global leader in data analytics and technology, has announced that its president and CEO, Lee Shavel, has been appointed to the Federal Advisory Committee on Insurance (FACI).
Shavel, who has led Verisk’s client-centric strategy, will be playing a pivotal role in shaping industry policy through his new position at FACI, according to InsurTech Insights.
His leadership has been instrumental in expanding Verisk’s partnerships with key players in the insurance space. Shavel has also driven Verisk’s investments in AI and other emerging technologies, positioning the company at the forefront of the insurance ecosystem.
In addition to his responsibilities as Verisk’s CEO, Shavel is a recognised thought leader in the insurance industry. He regularly contributes to Insurance Journal, where he shares insights on emerging risks that the sector faces. His appointment to FACI further cements Verisk’s influence within the insurance landscape.
“It’s a privilege to be appointed to such a critical committee at a pivotal time for the insurance industry. As the risk landscape evolves and weather catastrophes become more devastating and costly, having a healthy and sustainable insurance market to help absorb that risk is imperative,” Shavel said. “At Verisk, we’re fortunate to sit at the centre of the insurance ecosystem, and I’m looking forward to bringing that perspective to FACI as I work with fellow members to help enhance the industry and protect consumers.”
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