Verisk in Opta take-over for data-driven risk management

Global data analytics provider Verisk has acquired provider of property intelligence solutions Opta with the goal of reshaping risk management.

Opta joins Verisk’s insurance ecosystem featuring a range of solutions for rating, underwriting, policy administration, claims, exposure management and reinsurance.

Verisk provides predictive analytics and decision-support solutions to customers in the insurance, energy and specialised markets, and financial services industries. Opta Information Intelligence provides access to data and property solutions to deliver more profitable underwriting results.

Verisk said the collaboration with Opta’s technology will fuel its efforts to help customers improve operational efficiencies by delivering data assets via long-term integration with customer workflows.

In addition to advancing its market expansion into Canada, Verisk said Opta joining Verisk will leverage complementary technology and services that enable customers, such as insurers and other financial services companies, to better inform their decision making and increase the efficiency of their operations.

Mark Anquillare, Verisk’s chief operating officer and group president, said, “Together, we’ll accelerate our customers’ innovation agendas and create news ways to add value to their business and the insurance ecosystem.”

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