Data analytics provider Verisk has agreed to acquire Mavera, a Swedish InsurTech firm, for an undisclosed fee.
According to Reinsurance News, the addition further accelerates Verisk’s expansion in Continental Europe and supports its growth as a technology and analytics partner to the global insurance industry.
Mavera’s team and platform will be onboarded into the Verisk ecosystem of insurance solutions. The firm noted that the transaction is subject to customary closing conditions.
Mavera CEO Roine Gabrielsson said, “Mavera has found a perfect match in Verisk as a digitally-driven company working to add value to the claims process for insurance organisations 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.”
Olav Skowronnek – Managing Director for Continental Europe at Verisk Claims – added, “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.”
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