Analyze Re, a software analytics provider for the reinsurance and insurance industries, is now part of AIR Worldwide (AIR) after being acquired by Verisk Analytics, Inc, a leading data analytics provider.
The acquisition will enable AIR, a Verisk Analytics business, to provide its clients with 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-modeling and portfolio optimization, all within a single environment.”
Adrian Bentley, chief executive officer of Analyze Re, said: “We’re excited to join the Verisk Analytics family of businesses. 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.”
Scott Stephenson, chairman, president, and CEO of Verisk Analytics said Analyze Re and its high-performance technology will be a valuable addition to both AIR Worldwide and Verisk Analytics, and the complementary capabilities will enable a more competitive and complete service for clients. – BusinessNewsAsia.com