(Jersey City from Lower Manhattan. Photo credit: Jim Henderson.)
Verisk Analytics, Inc. (Jersey City, N.J.) has acquired MarketStance (Middletown, Conn.), a provider of market intelligence data and analytics to the property/casualty insurance market. MarketStance will become part of ISO.
“Our property/casualty customers are always looking for unique insights to help them profitably grow their business,” comments Beth Fitzgerald, president, ISO Solutions. “MarketStance has built a proprietary analytics model to provide actionable insights around these core needs that will enhance our ISO offerings.”
“We’re excited to join ISO, a leader in innovative data solutions,” comments Dr. Frederick (Fritz) Yohn, CEO and founder of MarketStance. “Becoming part of a larger company will expand our breadth of offerings, help strengthen our capabilities, allow us to reach new customers, and provide additional value to our customers.”
Unique Data and Analysis
“MarketStance and its unique data and analysis of property and casualty premium potential will be a valuable addition to both ISO and Verisk Analytics,” adds Scott Stephenson, chairman, president, and CEO, Verisk Analytics.
Following the completion of the transaction, MarketStance will become part of ISO, and Fritz Yohn will continue to lead the business.