ZestyAI, a provider of artificial intelligence-driven insurance risk analytics, announced that Scott Stephenson, former chairman, president and CEO of Verisk Analytics, has joined its board of directors.
StephenZestyAI emphasized that as the insurance industry accelerates into the era of artificial intelligence, enson, who is considered one of the main architects of data modernization in the insurance industry, will join the company.
The executive has been with Verisk for more than two decades, including nine years as chairman, president and CEO (2013 to 2022). During his tenure, he was instrumental in transforming the company into a global leader in data and analytics.
Under his leadership, Verisk’s market capitalization more than quadrupled, it was included in the S&P 500 Index and was repeatedly named one of the world’s most innovative companies by Forbes.
Prior to joining Verisk, Stephenson was a senior partner at The Boston Consulting Group, where he advised Fortune 50 CEOs and founded the firm’s Southeastern United States practice. He currently serves on several public and non-profit boards, including PSEG and Definitive Healthcare.
Stephenson’s appointment comes as the insurance industry moves from a phase of data-driven modernization to a new phase, characterized by the integration of artificial intelligence throughout enterprise decision-making workflows.
“Insurance is one of the world’s most important financial systems, a centuries-old institution that underpins economic growth and resilience,” said Attila Toth, founder and CEO of ZestyAI. “Over the past two decades, data and actuarial science have reshaped underwriting and risk management. Scott has helped lead this transformation.”
“Today, AI is becoming the core decision-making infrastructure across the enterprise. His experience building durable, proprietary analytics platforms at global scale will be invaluable as we build the next generation of AI-driven risk intelligence.”
Stephenson commented: “This industry has endured for centuries because it has been able to adapt. The last major shift put data and analytics at the center of the enterprise. The next competitive frontier will belong to companies that leverage proprietary data to build a lasting advantage and apply artificial intelligence to more precisely understand and manage risk.
“ZestyAI is building a platform that combines property intelligence with trustworthy artificial intelligence to enhance the way insurance companies underwrite and manage their portfolios. I look forward to working with the team to help them scale this capability across the industry.”
