Verisk, a leading data analytics provider, is to acquire a Swedish InsurTech company, Mavera. This acquisition will help Verisk grow as a technology and analytics partner to the global insurance market and accelerate its expansion in continental Europe.
Mavera, an insurance company that started in 2008, has made a name for itself in the Nordic insurance industry as a result of its SaaS platform and data-driven strategy for handling complicated personal injury claims. The company’s decision support platform, which combines data with medical knowledge from its exclusive network of medical advisers throughout the Nordic region, is designed to simplify claims evaluations and decision-making.
“Mavera has found a perfect match in Verisk as a digitally-driven company working to add value to the claims process for insurance organizations and policyholders alike. I look forward to working with my new Verisk colleagues to blend our digital expertise, market knowledge, and desire to innovate as we collaborate to push the boundaries of insurance digital transformation in Europe”, said Roine Gabrielsson, CEO of Mavera.
Verisk revealed last year that it had acquired ACTINEO, a company in Germany and Austria that specializes in digitizing and evaluating medical evidence in personal injury cases. This also includes ACTINEO’s controlling stake in the joint venture company ANTEVIS, which provides cutting-edge digital services for the classification and evaluation of medical malpractice damage claims in Europe. This transaction is subject to customary closing conditions.
Olav Skowronnek, Managing Director for Continental Europe at Verisk Claims Solutions, said, “The Nordics is a digitally mature market that is ripe for expansion and further transformation, and the Verisk ecosystem is primed to deliver this. At Verisk, we’re always keen to support a ‘right touch’ claims process where technology and data are used to support the expertise of claims professionals – and Mavera fits directly into that mindset. We’re happy to welcome them to the Verisk team.”