Verisk a global data analytics and technology provider, has announced that it has acquired Morning Data, a supplier of state-of-the-art software to brokers and managing general agents in London and across the globe.
This acquisition enables Verisk to enhance and expand its solutions for straight-through processing and distribution to the growing market of SME brokers, cover holders, MGAs, captives and re/insurers.
Morning Data provides end-to-end processing, with full audit trails and ease of reporting.
London Market practitioners could use the software to process a variety of styles of business and capture granular risk-level data, using global standards and structured data.
Kirstin Duffield, the Founder and CEO of Morning Data said, “For more than 30 years, Morning Data has helped the market optimise operations with innovative software solutions. By joining the Verisk team, we’re looking forward to supporting the London and international insurance market in the next step of its digital transformation journey.”
Morning Data will become part of Verisk’s Specialty Business Solutions, a modern and integrated suite of end-to-end management solutions.
The suite enables insurance professionals to efficiently manage critical process steps and calculate risk accumulation and exposure impact across complex specialty lines.
This comprises the web-based analytical engine Sequel Impact, the workflow management solution Sequel Claims, the award-winning pricing, underwriting and distribution platform Sequel Rulebook and the digital trading platform Sequel Whitespace.
Tim Rayner, the President of Verisk Specialty Business Solutions said, “As a core system and integral part of clients’ daily workflow, Morning Data is trusted by insurers, brokers and MGA customers to manage their risk placement processes. Together we’ll be able to help more cover holders, brokers and carriers reap the benefits of enhanced automation and streamlined workflows.”
