Davies launches carbon tracking solution for property claims – powered by Verisk’s Property Claims Carbon Calculator

London - 21 July 2026 - Davies, the leading specialist professional services and technology business serving insurance and highly regulated markets, has joined forces with Verisk (Nasdaq: VRSK), a leading strategic data analytics and technology partner to the global insurance industry, to introduce a new carbon tracking solution for insurers, designed to measure and manage the carbon impact of claims activity. The solution's model is independently assured by the Carbon Trust Assurance.

The solution developed by Davies and powered by the Verisk Property Claims Carbon Calculator is now live across Davies' UK and Ireland property claims operations embedded into claims workflows, giving insurers access to detailed emissions data based on actual repair activity, supply chains and materials used. Davies has configured the capability to align with its claims processes, enabling teams to apply carbon insights directly within day-to-day decision-making. The solution also enables insurers to benchmark emissions performance across suppliers and time periods and identify opportunities to reduce carbon emissions across property repair activity.

At a time when insurers are facing mounting pressure on claims expenses and loss ratios, while also responding to increasing regulatory and ESG expectations - including Scope 3 emissions reporting requirements - Davies' solution enables the firm to provide insurer clients with claim-level carbon emissions data. This includes data drawn directly from the supply chain, such as the impact of materials, transport and contractor activity.

By replacing assumptions based on high-level estimates with more accurate, claim-specific data, insurers can better assess and manage the carbon impact of their claims operations, enabling more informed decisions that support sustainability objectives while maintaining cost control and operational efficiency.

Adam Shaw, Claims Director - Property Field, UK & Ireland, Davies, said: "The industry is under increasing pressure to evidence the environmental impact of claims decisions transparently, not just at portfolio level but claim-by-claim. For the first time, we can give our clients insights into where emissions are generated and where they can be reduced while still maintaining cost control and good customer outcomes and service quality for policyholders."

Ben Blain, Head of Property at Verisk Claims UK, said, "The insurance industry has historically struggled to quantify the carbon impact of property claims, particularly Scope 3 emissions. By combining Verisk's trusted claims and pricing data with the independently assured calculator, this solution replaces assumptions with credible, claim-level insight. We're proud to support Davies and other industry leaders in benchmarking performance, meeting compliance and helping them take meaningful action to reduce emissions across the claims lifecycle."

About the Verisk Property Claims Carbon Calculator

The Property Claims Carbon Calculator, developed by Verisk and assured by the Carbon Trust, enables claim-level carbon measurement, capturing emissions associated with activities across the full claims lifecycle, from site visits to repair materials and contractor activity. The technology combines more than 2,000 construction emission factors and Environmental Product Declarations with Verisk's claims and repair pricing data. The assurance of the model shows alignment with global footprinting standards such as PAS 2050 and the Greenhouse Gas Protocol's Product Life Cycle Accounting and Reporting Standards.*

By embedding these insights directly into the claims journey and associated workflows, Davies has developed a practical, operational solution that supports its claims teams and insurer clients with clear, actionable data - offering visibility into the carbon impact of decisions in real-time, and the ability to adjust where needed to reduce carbon and cost and improve sustainability reporting.

Davies is now working to analyse two years of historic claims data in order to integrate even more detailed carbon insights into its operating model, identify high-carbon activities and inform targeted, evidence-based recommendations for improvement. This will be supported by training for claims teams to help them apply insights in practice, enabling more sustainable, cost-effective claims decisions for clients. This capability reflects a broader shift across the insurance industry toward embedding sustainability into everyday claims decision-making through transparent, data-driven tools.

*The results from the Property Carbon Calculator do not constitute a verified carbon footprint.

About Davies

Davies delivers specialist professional services and technology solutions across the risk and insurance value chain, including excellence in claims, underwriting, distribution, regulation & risk, forensic accounting, customer experience, human capital, digital transformation & change management. In February 2023 Davies announced it had simplified its operations and aligned the business across three operating units: Davies Global Solutions, Davies UK & Ireland, and Davies U.S. Davies has an 9,500 strong team of professionals operating across 22+ countries, including the UK & the U.S., with headquarters in the City of London. Davies' investors are BC Partners, HGGC, AIMCo (acting on behalf of certain of its clients), and Davies' employees following BC Partners majority investment in March 2021, HGGC's investment in January 2017 and AIMCo's investment in January 2019. Over the past ten years Davies has grown its annual revenues more than 25-fold, invested heavily in research & development, innovation & artificial intelligence ("AI"), platform integration & underlying business systems, colleague development, and client service. Today the group serves more than 2,000 insurance, financial services, public sector, and other highly regulated clients. In the past year Davies has added more than 200 new accounts to its organic platform. In addition, Davies has successfully broadened and deepened its operations and digital capabilities via targeted acquisitions. Since the start of 2017 Davies has acquired: Cynergie, CMSL, Ambant, ServiceTick, TLSS, R&Q's insurance services business, Ember, Direct Group's claims businesses, Veriphy, USA Risk Group, TMS, GBB, Banwells, Frontier, FWD, ASC, Thornton Group, Keoghs, Codebase8, Citadel & Cedar Consulting, ContactParners, TriPlus, Johnson Claim Service, Vehicle Replacement Group, BMTS, Wakely Actuarial, Northshore International Insurance Services, DMS, NPA, Littleton, Grovelands, IAS, Asta, IRS, Sionic, Merlinos, BVS, Worksmart, ProAdjust, Johns Eastern, ClaimPilot, MVP Group, Afirm, Ortac Underwriting Agency's ("Ortac") insurance management services portfolio, American Claims Management, Preferred Governmental Claims Services, USIS, ICA, MDD, Shoreside Law, Minuteman Adjusters, Bespoke Training Solutions, Budget Claims Services Inc., (dba Barker Claim Services), Premier Claims Management and SCM Insurance Services ("SCM"). More information is available at www.davies-group.com.  

About BC Partners

BC Partners is a leading investment firm with circa €40 billion in assets under management across private equity, private debt, and real estate strategies. Established in 1986, BC Partners has played an active role for nearly four decades in developing the European buyout market. Today BC Partners' integrated transatlantic investment teams work from offices in Europe and North America and are aligned across our four core sectors: TMT, Healthcare, Services & Industrials, and Food. Since its foundation, BC Partners has completed over 130 private equity investments and is currently investing its eleventh private equity buyout fund. For further information, please visit https://www.bcpartners.com/. 

About HGGC

HGGC is a leading middle-market private equity firm with $4.3 billion in cumulative capital commitments. Based in Palo Alto, Calif., HGGC is distinguished by its Advantaged Investing approach that enables the firm to source and acquire scalable businesses through partnerships with management teams, founders and sponsors who reinvest alongside HGGC, creating a strong alignment of interests. Over its history, HGGC has completed more than 130 platform investments, add-on acquisitions, recapitalizations and liquidity events with an aggregate transaction value of nearly $22 billion. More information, including a complete list of current and former portfolio companies is available at www.hggc.com.     

About Alberta Investment Management Corporation ("AIMCo")

AIMCo is one of Canada's largest and most diversified institutional investment managers with more than C$179.6 billion of assets under management as at December 31, 2024. AIMCo invests globally on behalf of pension, endowment, insurance, and government funds in the Province of Alberta. With offices in Edmonton, Calgary, Toronto, London, and Luxembourg, our more than 200 investment professionals bring deep expertise in a range of sectors, geographies, and industries. For more information on AIMCo, please visit www.aimco.ca and follow us on LinkedIn. 

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