Verisk snaps up Swedish insurtech for European expansion

Global data analytics company  Verisk has swooped for a Swedish insurtech in the personal injury space tacking complex claims to accelerate its expansion in Continental Europe.

Sweden-based Mavera has a strong regional presence and customer base for its personal injury claims management platform, which combines digital personal injury claims solutions with access to its exclusive medical expertise network. The company’s SaaS platform is tailored to streamline claims assessments and decision-making.

The deal follows Verisk's acquisition of ACTINEO last year. ACTINEO provides digitalisation and medical assessment of personal injury claims in Germany and Austria. Its joint venture subsidiary ANTEVIS offers digital services for the medical codification and assessment of medical malpractice injury claims in Europe.

“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,” said Roine Gabrielsson, CEO of 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.”

Olav Skowronnek, managing director for Continental Europe at Verisk Claims Solutions, added: “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.”

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