(Norwich Cathedral. Source: Wikipedia.)
Verisk (Jersey City, N.J.), a provider of data analytics to the insurance and other industries, has acquired Validus-IVC, a provider of claims management solutions and developer of the leading subrogation portal in the U.K., verify. Validus-IVC has offices in Norwich and Bath, United Kingdom.
Verisk says that the integration of Validus-IVC’s verify platform with its global claims analytic services will allow customers to take advantage of enhanced analytic and technology tools to help improve and automate the claims settlement process. With the addition of a well-established subrogation platform to its existing claims solution set, Verisk describes itself as uniquely positioned to support the U.K. insurance market at every stage in the life of a claim.
“We’re pleased to offer our U.K. customers access to our distinctive cloud-based platform that enables the exchange of claims information in real time and provides automated processing for reduced expenses and greater claims outcome consistency,” comments Mark Anquillare, chief operating officer of Verisk. “With the acquisition of Validus-IVC, we look forward to the growth of our combined analytical products for the benefit of the U.K. insurance market.”
Comprehensive Suite of Data-Driven Claims Solutions
“We’re excited to join Verisk because this will provide us additional opportunities to accelerate our momentum in the UK claims market,” comments Edwyn van Rooyen, CEO, Validus-IVC. “We look forward to adding our offerings to Verisk’s comprehensive suite of data-driven claims solutions.”