Verisk Analytics, Inc. (Nasdaq:VRSK), a leading data analytics provider, announced it has acquired Emergent Network Intelligence (ENI), a leading innovator in insurance claims efficiency and fraud detection solutions based in Newcastle upon Tyne, United Kingdom. With the acquisition of ENI, Verisk’s clients in the U.K. can take advantage of technologically advanced tools that allow them to improve motor claims workflow and reduce their costs and exposure to fraud.
“ENI has demonstrated a commitment to helping insurers meet the challenges of making substantive reductions in claims cycle time and detecting fraud,” said Mark Anquillare, executive vice president and chief operating officer of Verisk Analytics. “Their innovative solutions are valuable additions to our existing claims offerings. These include an advanced vehicle inspection system that triages total losses and can predict repairs and an analytic solution that can identify potential fraud by evaluating data from multiple sources.”
“We’re excited to join the Verisk Analytics family of businesses,” said Christopher Campbell, director of ENI. “We look forward to adding our offerings to complement Verisk’s comprehensive suite of solutions.”
About ENI: Founded in 2012, ENI provides U.K. domestic insurers with technological innovations that enable them to process claims more efficiently and to detect fraud. ENI’s core products have led to drastic reductions in claims cycle time and have enabled insurers to discover suspicious claims by accessing a fraud detection and investigation system that analyzes both structured and unstructured data. For more information about ENI, please visit www.emergent-intel.com.
Source: Verisk Press Release