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Verisk Acquires Data Driven Safety To Further Expand Auto Insurance Analytics

Nov 02, 2021•about 4 years ago

Acquiring Company

Verisk

Acquired Company

Verisk Analytics

Jersey CitySustainabilityScience And EngineeringProfessional ServicesData And AnalyticsSoftwareInformation ServicesInformation Technology

Description

Verisk (Nasdaq:VRSK), a leading global data analytics provider, has acquired Data Driven Safety, a leading public record data aggregation firm that specializes in driver risk assessment in the United States. The acquisition will expand Verisk’s robust auto insurance analytics, providing insurers with information to further refine underwriting, improve the customer experience and promote public safety.

Company Information

Company

Verisk

About

Verisk (Nasdaq:VRSK) provides predictive analytics and decision-support solutions to customers in the insurance, energy and specialized markets, and financial services industries. More than 70 percent of the FORTUNE 100 relies on the company's advanced technologies to manage risks, make better decisions and improve operating efficiency. The company's analytic solutions address insurance underwriting and claims, fraud, regulatory compliance, natural resources, catastrophes, economic forecasting, geopolitical risks, as well as environmental, social and governance (ESG) matters. Celebrating its 50th anniversary, the company continues to make the world better, safer and stronger, and fosters an inclusive and diverse culture where all team members feel they belong. With more than 100 offices in nearly 35 countries, Verisk consistently earns certification by Great Place to Work. For more: Verisk.com, LinkedIn, Twitter, Facebook and YouTube.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed