Global data analytics provider Verisk, has agreed to acquire Mavera, a Sweden-based insurtech firm with a strong regional presence and established customer base for its personal injury claims management platform.
According to the announcement, this addition further accelerates Verisk’s expansion in Continental Europe, and supports its continued growth as a technology and analytics partner to the global insurance industry.
The insurtech firm was founded in 2008, since then it has established an industry-leading position in the Nordic insurance market, thanks to its SaaS platform and data-driven approach that efficiently tackles complex personal injury claims while retaining the ‘human touch’.
The SaaS platform combines digital personal injury claims solutions with access to their unique medical expertise network of medical advisers throughout the Nordic region.
Mavera’s team and platform will be onboarded into the Verisk ecosystem of insurance solutions. The firm noted that the transaction is subject to customary closing conditions.
Roine Gabrielsson, CEO of Mavera, commented: “Mavera has found a perfect match in Verisk as a digitally-driven company working to add value to the claims process for insurance organisations and policyholders alike.
“I look forward to working with my new Verisk colleagues to blend our digital expertise, market knowledge and desire to innovate as we collaborate to push the boundaries of insurance digital transformation in Europe.”
Olav Skowronnek, Managing Director for Continental Europe at Verisk Claims Solutions, said: “The Nordics is a digitally mature market that is ripe for expansion and further transformation, and the Verisk ecosystem is primed to deliver this.
“At Verisk, we’re always keen to support a ‘right touch’ claims process where technology and data are used to support the expertise of claims professionals – and Mavera fits directly into that mindset. We’re happy to welcome them to the Verisk team.”
According to Verisk, Mavera technology, capabilities and access to medical expertise represent a highly complementary fit with its ecosystem of personal injury and claims solutions.
Last year, Verisk announced the acquisition of ACTINEO, a leader in the digitalisation and medical assessment of personal injury claims in Germany and Austria. This also includes ACTINEO’s majority share of the joint venture subsidiary ANTEVIS, which offers innovative digital services for the medical codification and assessment of medical malpractice injury claims in Europe.
