In what has been a big year for insurance software vendor M&A, New Jersey-based Verisk Analytics has made two additions to its portfolio.
The company, which is a federation of 15 subsidiaries and business units all focusing on a particular area of analytics interest to insurers, announced the buy of The Geoinformation Group, which offers geospatial and mapping analytics in the UK, this week.
In late October, Verisk acquired Analyze Re, which it folded into subsidiary AIR Worldwide. Analyze Re provides "real-time pricing, exposure management, and enterprise portfolio roll-up capabilities" to its client insurers.
"Analyze Re and its high-performance technology will be a valuable addition to both AIR Worldwide and Verisk Analytics, and the complementary capabilities will enable a more competitive and complete service for our clients," said Scott Stephenson, chairman, president, and CEO of Verisk.
Of The Geoinformation Group, Stephenson said its resources resources "complement our risk management and predictive analytics capabilities internationally" while expanding its UK footprint.
Other Verisk Analytics businesses include ISO and Xactware.
(This article appears courtesy of our sister publication, Insurance Networking News)
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