English | 简体中文 | 繁體中文 | 한국어 | 日本語
Thursday, 21 June 2018, 19:30 HKT/SGT
Share:
    

Source: Verisk Analytics, Inc.
Verisk Acquires Validus-IVC
Acquisition positions Verisk as leading UK provider of data-driven solutions for the life of a claim

JERSEY CITY, N.J., June 21, 2018 - (ACN Newswire) - Verisk (Nasdaq:VRSK), a leading data analytics provider, today announced it has acquired Validus-IVC, a top provider of claims management solutions and developer of the leading subrogation portal in the UK, verify(TM). Validus-IVC has offices in Norwich and Bath, United Kingdom.

The integration of Validus-IVC's verify platform with Verisk's industry-leading global claims analytic services will allow customers to take advantage of enhanced analytic and technology tools to help improve and automate the claims settlement process. With the addition of a well-established subrogation platform to its existing claims solution set, Verisk is uniquely positioned to support the UK insurance market at every stage in the life of a claim.

"We're pleased to offer our UK customers access to our distinctive cloud-based platform that enables the exchange of claims information in real time and provides automated processing for reduced expenses and greater claims outcome consistency," said Mark Anquillare, chief operating officer of Verisk. "With the acquisition of Validus-IVC, we look forward to the growth of our combined analytical products for the benefit of the UK insurance market."

"We're excited to join Verisk because this will provide us additional opportunities to accelerate our momentum in the UK claims market," said Edwyn van Rooyen, chief executive officer of Validus-IVC. "We look forward to adding our offerings to Verisk's comprehensive suite of data-driven claims solutions."

About Validus-IVC
Validus-IVC Ltd. was established in May 2007 to provide claims management and analysis services to the UK motor insurance industry. Since then, the business has evolved significantly, with a proprietary software platform, verify(TM), now providing settlements for a sizable volume of motor repair and mobility claims both in the UK and overseas. For more information about Validus-IVC, please visit www.validus-ivc.co.uk.

About Verisk
Verisk (Nasdaq:VRSK) is a leading data analytics provider serving customers in insurance, energy and specialized markets, and financial services. Using advanced technologies to collect and analyze billions of records, Verisk draws on unique data assets and deep domain expertise to provide first-to-market innovations that are integrated into customer workflows. Verisk offers predictive analytics and decision support solutions to customers in rating, underwriting, claims, catastrophe and weather risk, global risk analytics, natural resources intelligence, economic forecasting, and many other fields. Around the world, Verisk helps customers protect people, property, and financial assets.

Headquartered in Jersey City, N.J., Verisk operates in 30 countries and is a member of Standard & Poor's S&P 500(R) Index. In 2017, Forbes magazine named Verisk to its America's Best Mid-Size Employers list and to its World's Most Innovative Companies list. Verisk is one of only seven companies to appear on both lists. For more information, please visit www.verisk.com.

Contact:
Investor Relations
Lee Shavel
Chief Financial Officer
Verisk
201-469-2073
IR@verisk.com

Media
Rich Tauberman
MWWPR (for Verisk)
202-600-4546
rtauberman@mww.com

###

This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Verisk Analytics Inc. via Globenewswire

Topic: Press release summary
Source: Verisk Analytics, Inc.


https://www.acnnewswire.com
From the Asia Corporate News Network


Copyright © 2024 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.

 

Verisk Analytics, Inc. Related News
June 8, 2022 09:00 HKT/SGT
Verisk 携手安盛再保险在中国推出健康风险评级工具
June 8, 2022 09:00 HKT/SGT
Verisk 攜手安盛再保險在中國推出健康風險評級工具
Apr 6, 2022 20:28 HKT/SGT
Verisk Brings Health Risk Rating Tool to China with AXA Life & Health Reinsurance
July 25, 2019 08:00 HKT/SGT
Verisk to Acquire PASCO's Aerial Survey Business in U.S. to Strengthen Data Acquisition Capacity under Geomni
June 4, 2019 22:00 HKT/SGT
Verisk Financial Helps Neobank Xinja Ensure APRA Compliance
More news >>
Copyright © 2024 ACN Newswire - Asia Corporate News Network
Home | About us | Services | Partners | Events | Login | Contact us | Cookies Policy | Privacy Policy | Disclaimer | Terms of Use | RSS
US: +1 214 890 4418 | China: +86 181 2376 3721 | Hong Kong: +852 8192 4922 | Singapore: +65 6549 7068 | Tokyo: +81 3 6859 8575