Verisk buys claims management solutions and subrogation provider

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Verisk is acquiring Validus-IVC, a provider of claims management solutions and developer of subrogation portal Verify.

The integration of Norwich- and Bath-based Validus-IVC’s Verify platform with Verisk’s global claims analytic services will offer enhanced analytic and technology tools that could help to improve and automate the claims settlement process.

With the addition of a well-established subrogation platform to its existing claims solution set, Verisk said it is uniquely positioned to support the UK insurance market at every stage in the life of a claim.

Mark Anquillare, chief operating officer of Verisk, commented: “We’re pleased to offer our UK customers access to our distinctive cloud-based platform that enables the exchange of claims information in real time and provides automated processing for reduced expenses and greater claims outcome consistency.”

“With the acquisition of Validus-IVC, we look forward to the growth of our combined analytical products for the benefit of the UK insurance market.”

Edwyn van Rooyen, chief executive officer of Validus-IVC, said of the acquisition: “We’re excited to join Verisk because this will provide us additional opportunities to accelerate our momentum in the UK claims market.”

“We look forward to adding our offerings to Verisk’s comprehensive suite of data-driven claims solutions.”

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Mark Dugdale is the editor of Claims Media. Mark welcomes articles, letters or feedback from readers and can be reached via mark.dugdale@barkerbrooks.co.uk