Verisk has agreed to acquire Sweden-based InsurTech Mavera. This addition accelerates Verisk’s expansion in Continental Europe and supports its growth as a technology and analytics partner to the global insurance industry.
Mavera, which was founded in 2008, has established a position in the Nordic insurance market, thanks to its SaaS platform and data-driven approach that tackles complex personal injury claims.
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.
“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.”
Last year, Verisk announced the acquisition of ACTINEO, which specialises 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.
“The Nordics is a digitally mature market that is ripe for expansion and further transformation, and the Verisk ecosystem is primed to deliver this,” said Olav Skowronnek, Managing Director for Continental Europe at Verisk Claims Solutions. “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.”