Reinsurance News

Verisk restructures Geomni unit to boost focus in UK & Europe

23rd May 2019 - Author: Matt Sheehan

Data analytics provider Verisk has integrated GeoInformation Group into its Geomni business and rebranded it as Geomni UK in a push to enhance its solutions for customers in the UK and Europe.

veriskThe GeoInformation Group was founded in 1998 and became part of Verisk in 2016, and has been focused on creating geospatial products by extracting information from high-resolution aerial imagery.

Verisk claims that Geomni UK will be a natural addition to Geomni, its Utah-based geospatial data and remote sensing business, which already utilises a privately owned fleet of aircraft for capturing aerial imagery.

“We’re excited to officially welcome The GeoInformation Group, now Geomni UK, into the Geomni family,” said Jeff Lewis, Chief Operating Officer at Geomni.

“In the past, Geomni has focused primarily on North America,” he explained. “We look forward to bringing our remote sensing and machine learning technologies to the UK and Europe.”

Geomni UK’s products include UKMap, a detailed database of Greater London; UKBuildings, a national building classification; and UKLand, a national land-use database.

Customers include Transport for London, Metropolitan Police, Thames Water, and major insurers and telecom organizations.

“Our UK customers can benefit from the significant global resources, scale, and unique technology offered by Geomni,” said Seppe Cassettari, Geomni UK’s managing director

The enhanced capabilities and resources will also allow us to expand our services to customers throughout Europe,” he added.

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