Verisk Analytics, Inc., Acquires MarketStance
(Thomson Reuters ONE) -
Verisk Analytics, Inc., Acquires MarketStance
JERSEY CITY, N.J., November 28, 2016 - Verisk Analytics, Inc. (Nasdaq:VRSK), a
leading data analytics provider, today announced the acquisition of
MarketStance, a leading provider of market intelligence data and analytics to
the property/casualty insurance market. MarketStance will become part of ISO, a
Verisk Analytics business and a leading source of information about
property/casualty insurance risk.
"Our property/casualty customers are always looking for unique insights to help
them profitably grow their business," said Beth Fitzgerald, president of ISO
Solutions. "MarketStance has built a proprietary analytics model to provide
actionable insights around these core needs that will enhance our ISO
offerings."
"We're excited to join ISO, a leader in innovative data solutions," said Dr.
Frederick (Fritz) Yohn, chief executive officer and founder of MarketStance.
"Becoming part of a larger company will expand our breadth of offerings, help
strengthen our capabilities, allow us to reach new customers, and provide
additional value to our customers."
"MarketStance and its unique data and analysis of property and casualty premium
potential will be a valuable addition to both ISO and Verisk Analytics," added
Scott Stephenson, chairman, president, and chief executive officer of Verisk
Analytics.
Following the completion of the transaction, MarketStance will become part of
ISO, and Dr. Fritz Yohn will continue to lead the business.
About MarketStance
MarketStance, based in Middletown, Connecticut, is a leading provider of market
intelligence and analytics to the insurance industry. MarketStance enables
insurers to achieve their goals of profitable growth and increased market share.
We deliver timely, accurate, and complete market information, analytics,
consulting services, and innovative business solutions to commercial insurers.
Through a clear lens, our customers gain competitive insights to identify new
target market opportunities, optimize distribution channels, improve retention,
streamline the audit process, and much more. For more information, contact us at
sales(at)marketstance.com.
About ISO
Since 1971, ISO has been a leading source of information about property/casualty
insurance risk. For a broad spectrum of commercial and personal lines of
insurance, ISO provides statistical, actuarial, underwriting, and claims
information and analytics; compliance and fraud identification tools; policy
language; information about specific locations; and technical services. ISO
serves insurers, reinsurers, agents and brokers, insurance regulators, risk
managers, and other participants in the property/casualty insurance marketplace.
ISO is a Verisk Analytics (Nasdaq:VRSK) business. For more information, please
visit www.verisk.com/iso.
About Verisk Analytics
Verisk Analytics (Nasdaq:VRSK) is a leading data analytics provider serving
customers in insurance, natural resources, and financial services. Using
advanced technologies to collect and analyze billions of records, Verisk
Analytics draws on unique data assets and deep domain expertise to provide
first-to-market innovations that are integrated into customer workflows. Verisk
offers predictive analytics and decision support solutions to customers in
rating, underwriting, claims, catastrophe and weather risk, global risk
analytics, natural resources intelligence, economic forecasting, and many other
fields. Around the world, Verisk Analytics helps customers protect people,
property, and financial assets.
Headquartered in Jersey City, N.J., Verisk Analytics operates in 23 countries
and is a member of Standard & Poor's S&P 500(®) Index. In 2016, Forbes magazine
named Verisk Analytics to its World's Most Innovative Companies list and to its
America's Best Large Employers list. Verisk is one of only 14 companies to
appear on both lists. For more information, please visit www.verisk.com.
Contacts:
Investor Relations
David Cohen
Director, Investor Relations and Strategic Finance
Verisk Analytics, Inc.
201-469-2174
david.e.cohen(at)verisk.com
Media
Rich Tauberman
MWW Group (for Verisk Analytics)
202-600-4546
rtauberman(at)mww.com
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Verisk Analytics Inc. via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 28.11.2016 - 14:01 Uhr
Sprache: Deutsch
News-ID 509402
Anzahl Zeichen: 5139
contact information:
Town:
Jersey City
Kategorie:
Business News
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