Analyze Re acquired by parent of AIR Worldwide

Verisk Analytics, a data analytics provider that also owns AIR Worldwide, has acquired Analyze Re, a software analytics provider for the reinsurance and insurance industries. Analyze Re will become part of AIR Worldwide, helping it offer clients additional real-time pricing, exposure management, and enterprise portfolio roll-up capabilities.

“Clients are increasingly looking to track and reduce portfolio risk in real-time,” said Bill Churney, president of AIR Worldwide.

“Analyze Re’s advanced analytics will complement our existing software solutions, enabling companies to manage their enterprise view of risk and perform multi-modelling and portfolio optimisation, all within a single environment.”

“We’re excited to join the Verisk Analytics family of businesses,” added Adrian Bentley, chief executive officer of Analyze Re. “Our team has been creating technology solutions for the insurance, reinsurance, and capital markets industries for more than a decade, turning huge volumes of data into meaningful insights in seconds.

“We look forward to continuing to offer these capabilities as part of AIR’s already robust product offerings.”