Verisk Announces Acquisition of Swedish InsurTech Mavera
(Image source: Mavera homepage.)
Verisk (Jersey City, N.J.), a global data analytics provider, announced that it has entered into an agreement to acquire Mavera, a Sweden-based InsurTech firm with a strong regional presence and established customer base for its personal injury claims management platform. Verisk says this addition of the Nordics personal injury market leader will support its expansion in Continental Europe and its continued growth as a technology and analytics partner to the global insurance industry.
Mavera, founded in 2008, 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,’ according to a Verisk statement. The company’s decision support platform is tailored to streamline claims assessments and decision-making, blending data with medical expertise from its exclusive network of medical advisers throughout the Nordic region, the statement says.
“Mavera has found a perfect match in Verisk as a digitally-driven company working to add value to the claims process for insurance organizations and policyholders alike,” comments Roine Gabrielsson, CEO, Mavera. “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.”
Verisk says Mavera technology, capabilities and access to medical expertise represent a highly complementary fit with the vendor’s ecosystem of personal injury and claims solutions. Last year, Verisk announced the acquisition of ACTINEO, a leader in the digitalization 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.
‘Right-Touch’ Claims Process
“The Nordics is a digitally mature market that is ripe for expansion and further transformation, and the Verisk ecosystem is primed to deliver this,” says Olav Skowronnek, Managing Director, Continental Europe, Verisk Claims Solutions, and former CEO of ACTINEO. “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.”
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