Verisk is a data analytics company that specializes in providing risk assessment and decision analytics to businesses across various sectors, including insurance, healthcare, and finance. It offers detailed actuarial and underwriting data specifically for the property and casualty insurance industry in the United States. By combining this data with advanced analytic methods, Verisk enables its clients to understand and manage their risks more effectively. The company's solutions support critical processes such as loss prediction, risk selection and pricing, fraud detection, and loss quantification. Verisk's expertise in data-driven analytics helps financial institutions, payment providers, and retailers make informed decisions, ultimately contributing to the resilience and sustainability of businesses and communities.
Chief Information Officer and Senior Managing Director
Past deals in InsurTech
Simplitium
Acquisition in 2025
Simplitium® is a global financial services technology provider, delivering specialist solutions that solve complex challenges within trading and insurance.
KYND
Secondary Market in 2024
KYND is a cyber risk management start-up that specializes in facilitating the assessment and management of cyber risks for the insurance industry. Through its innovative technology, KYND processes data to help clients understand and control complex cyber threats. The company's tools enable insurers, brokers, and their clients to monitor cyber risks, take necessary actions, and receive alerts about potential future risks. Recognizing that different businesses have unique needs, KYND offers tailored InsureTech products suitable for organizations of various sizes and industries across the globe.
Morning Data
Acquisition in 2023
Morning Data is a provider of software and service solutions tailored for the global insurance and reinsurance industry. The company offers a range of services, including NOVUS, which provides end-to-end administration, and digital distribution tools. Additionally, Morning Data specializes in bordereau transformation through its CHALIS platform, as well as offering the Eos workbench for operational efficiency and sanctions checking services.
Krug Sachverständigen
Acquisition in 2023
Krug Sachverständigen GmbH specializes in tailored assessment services and innovative digital solutions for the automotive and insurance sectors. Catering to both private and business customers, the company offers a range of services including motor vehicle damage appraisals, document verification, and car valuations. With a network of 120 permanent experts across Germany, Krug Sachverständigen combines technical expertise with industry knowledge to deliver comprehensive claims administration solutions. Their focus on integrating AI-based software enhances the efficiency of their services, making them a reliable partner for insurance companies, car manufacturers, mobility service providers, and automotive body shops.
Mavera
Acquisition in 2022
Mavera is an insurtech company that specializes in providing independent medical advice and an innovative case management system to streamline personal injury claims for insurers. The company operates through a nationwide network of experienced medical advisors who handle a wide range of claims, including those related to accidents, health insurance, illness, patient injuries, and workers' compensation. By facilitating better risk assessment and management of personal injury cases, Mavera aims to enhance the efficiency of insurance medical administration, ultimately benefiting both insurers and their clients.
Automated Insurance Solutions
Acquisition in 2022
Automated Insurance Solutions is an Insurtech company that specializes in creating and implementing intelligent digital automation products tailored to the evolving demands of a technology-driven claims environment. The company has developed a liability assessment and modular claims management platform designed to offer an intelligent and customizable solution for managing the entire claims process. This platform includes a First Notice of Loss (FNOL) decisioning tool and a modular claims management system, allowing clients to efficiently oversee their claims through a bespoke web-based interface. Automated Insurance Solutions aims to enhance operational efficiency and adaptability in the insurance industry.
Opta Information Intelligence
Acquisition in 2022
Opta Information Intelligence specializes in providing property intelligence and loss control services to insurance and corporate clients. The company focuses on transforming vast amounts of untapped data into valuable insights that help organizations manage and authenticate risk information. By leveraging its status as the largest aggregator of structured risk information and property data in Canada, Opta offers clients access to extensive claims and loss history, enhanced further by industry partnerships. This comprehensive approach, combined with proprietary technology, allows clients to access, understand, and synthesize previously inaccessible information. Ultimately, Opta aims to enable its clients to discover business opportunities, enhance competitiveness, and make informed decisions that drive profitable growth.
ACTINEO
Acquisition in 2021
ACTINEO GmbH is an insurtech company based in Cologne, Germany, that specializes in digital solutions for bodily injury claims management. Founded in 2009, ACTINEO provides insurance providers with services that include the procurement, structuring, and standardization of medical data related to personal injuries. The company automates regulatory processes and develops predictive models and AI solutions to enhance the efficiency and transparency of claims management. Additionally, ACTINEO offers medically-based auditing and comprehensive medical reports, enabling insurance companies to manage personal injury claims in a transparent, swift, and equitable manner. Through its technological innovations, ACTINEO supports improved risk management and operational control within the insurance sector.
HUGHUB
Corporate Round in 2021
HUGHUB is a customer-centric insurance technology platform focused on enhancing interaction and engagement in the insurance sector. The company develops software solutions that facilitate a seamless experience for insurers, brokers, and other insurance retailers. By unifying existing core systems and employing FinTech capabilities, HUGHUB's platform enhances clarity and efficiency throughout the insurance sales and distribution cycle. It provides a comprehensive insurance customer portal that supports product management, purchase processes, and ongoing service, ultimately driving scalability and cost savings for the industry.
Rulebook
Acquisition in 2018
Rulebook specializes in providing a comprehensive software suite designed for the insurance market. Its offerings include a powerful rules engine, an insurance underwriting and broking desktop, and robust analytics capabilities. This combination allows clients to effectively transact with and gain insights from their data, even in complex specialty insurance scenarios. While Rulebook primarily serves the London Insurance Market, it is expanding its reach to international clients.
Validus-IVC
Acquisition in 2018
Validus-IVC Ltd specializes in motor claims analysis and management services for insurers, brokers, and self-insured fleet operators in the United Kingdom. The company offers a range of Software-as-a-Service products, including vCASE, a claims platform, and vPortal, which facilitates electronic claim submissions. Additionally, Validus-IVC provides AskLudo, a tool that identifies overlapping hire vehicle claims, along with third-party claims outsourcing services that encompass analysis, settlement, and market intelligence. Their consulting offerings include needs analysis and training to enhance client operations. Founded in 2007 and headquartered in Norwich, Validus-IVC aims to deliver efficient and fair solutions, leveraging its expertise to help clients navigate the complexities of motor insurance claims. As of 2018, the company operates as a subsidiary of Marvel Newco Limited.
Analyze Re
Acquisition in 2016
Analyze Re Inc. is a Canadian company based in Halifax, founded in 2013, that specializes in software-as-a-service solutions for the reinsurance industry. It offers a high-performance computing platform designed for portfolio risk management and pricing optimization. The company's software provides real-time analytics, enabling reinsurers to process large volumes of complex data and make informed decisions about pricing and portfolio management. By facilitating faster and more accurate decision-making, Analyze Re aims to modernize the data analysis processes within the reinsurance sector. As of October 2016, Analyze Re operates as a subsidiary of AIR Worldwide Corporation.
FirstBest
Venture Round in 2012
FirstBest Systems, Inc. specializes in software solutions tailored for property and casualty insurers. The company offers a range of products including underwriting workstations, agent portals, and new business systems. Notable offerings include FirstBest UMS, which integrates underwriting and business analyst tools with a Web 2.0 agent portal, and FirstBest Agent, a point-of-sale portal designed for new business and renewals that facilitates collaboration through shared documents and notifications. Additionally, FirstBest provides the Front Office Suite, which enhances collaboration among agents, brokers, and underwriters through predictive analytics and knowledge management tools. Founded in 2006 and based in Bedford, Massachusetts, FirstBest Systems has become part of Guidewire Software, further expanding its capabilities in the insurance technology sector.
MediConnect Global (MCG)
Acquisition in 2012
MediConnect Global, Inc. (MCG) provides online medical records retrieval and transmission services for the insurance companies and law firms worldwide. It's software as a service platform, RapidRetrieve, an electronic record retrieval service, allows users to request records, check status, and download retrieved records online. In addition, it offers sorting/indexing service, which includes separating and labeling the components or sections of a medical record by category and chronological sequence. The company also offers a health information exchange (HIE) for the hosting and authorized exchange among health partners. The company was founded as MediConnect, Inc. in 1996 and changed its name to MediConnect Global, Inc. in July 2006. MediConnect Global, Inc. is headquartered in South Jordan, Utah.
Crowe Paradis Services
Acquisition in 2010
Crowe Paradis Services Corporation is a leading Medicare compliance firm in the United States, specializing in a comprehensive range of services tailored for insurers, third-party administrators, and self-insured companies. The firm focuses on assisting clients with compliance related to the Medicare Secondary Payer Act, offering solutions such as Medicare set-aside allocation, conditional payment investigation, and lien reduction. With a strong emphasis on combining legal and clinical expertise, Crowe Paradis provides an analytical model for medical and legal review, ensuring thorough assessments supported by experienced professionals. The company's services also include liability case consultation, structured settlements, and training, making it a trusted partner in navigating complex Medicare compliance issues.
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