Verisk, the global data analytics provider, has entered into an agreement to acquire Mavera, a Sweden-based insurance company that operates a personal injury claim management platform.
Financial details of the transaction were not disclosed.
This addition of the Scandinavian personal injury leader will support Verisk’s expansion into continental Europe and its continued growth as a technology and analytics partner to the global insurance industry.
Founded in 2008, Mavera has established a leading position in the Scandinavian insurance market, thanks to its software-as-a-service (SaaS) platform and data-driven approach that efficiently addresses complex personal injury claims while retaining the “human touch.”
The company’s decision support platform is tailored to streamline damage assessments and decision making, combining data with medical expertise from its exclusive network of medical advisors in the Nordic region, Verisk explains.
“Mavera has found a perfect match in Verisk as a digitally driven company working to add value to the claims process for both insurance organizations and policyholders,” said Roine Gabrielsson, CEO of Mavera. “I look forward to working with my new Verisk colleagues to combine our digital expertise, market knowledge and desire to innovate as we work together to push the boundaries of the digital transformation of insurance in Europe.”
Verisk said Mavera’s technology, capabilities and access to medical expertise are a highly complementary fit with the Verisk ecosystem of personal injury and claims solutions.
Last year, Verisk announced the acquisition of ACTINEO, a leader in the digitization and medical assessment of personal injury claims in Germany and Austria. This also includes ACTINEO’s majority stake in the joint venture subsidiary ANTEVIS, which offers innovative digital services for the medical codification and assessment of medical malpractice injury claims in Europe.
“The Nordic countries are a digitally mature market ripe for expansion and further transformation, and the Verisk ecosystem is poised to make this happen,” said Olav Skowronnek, general manager for Continental Europe at Verisk Claims Solutions. “At Verisk, we always want to support a ‘right touch’ claims process that uses technology and data to support the expertise of claims professionals – and Mavera fits right into that mindset. We are happy to welcome them to the Verisk team.”
About Mavera and Verisk
Mavera, based in Stockholm, combines extensive industry knowledge with advanced AI technology and aims to make the insurance claims process more accurate, efficient and compliant. Mavera’s Decision Support System (DSS) enables better decision making and business reporting for clients, who are some of Europe’s leading insurance companies.
Jersey City, NJ-based Verisk provides data-driven analytical insights and solutions to the insurance and energy industries. Through advanced data analytics, software, scientific research and deep industry knowledge, Verisk empowers customers to strengthen operational efficiencies, improve underwriting and claims outcomes, combat fraud and make informed decisions on global issues , including climate change and extreme events, as well as political and ESG topics.
Source: Verisk
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Mergers and Acquisitions Claims InsurTech Tech
