Acquisition extends AIR’s analytical solutions beyond catastrophe modeling to advance real-time decision making
Verisk Analytics, Inc. (Nasdaq:VRSK), a leading data analytics provider, announced it has acquired Analyze Re, a software analytics provider for the reinsurance and insurance industries. Analyze Re will become part of AIR Worldwide (AIR), a Verisk Analytics business, and will enable AIR to provide its clients with additional real-time pricing, exposure management, and enterprise portfolio roll-up capabilities.
“Analyze Re and its high-performance technology will be a valuable addition to both AIR Worldwide and Verisk Analytics, and the complementary capabilities will enable a more competitive and complete service for our clients,” stated Scott Stephenson, chairman, president, and chief executive officer of Verisk Analytics.
About Analyze Re
Founded in 2013, Analyze Re provides a software analytics suite designed for the reinsurance and insurance industries. In addition to predictive analytics for strategic planning, Analyze Re technology helps organizations make faster and more accurate pricing and portfolio decisions. Servicing all parts of the reinsurance value chain, the Analyze Re platform is built to help reinsurers to improve complex reinsurance portfolios and insurers design reinsurance coverage to optimize coverage.
Source: Verisk Press Release