Verisk to acquire Sweden-based insurtech firm Mavera

Verisk said Friday it will acquire Mavera, a Sweden-based insurtech firm with a strong regional presence and established customer base for its personal injury claims management platform.

The Jersey City-based data analytics provider said the deal aligns with its expansion in Continental Europe and its continued growth as a technology and analytics partner to the global insurance industry.

Mavera, which was founded in 2008, has established an industry-leading position in the Nordic insurance market, thanks to its Software-as-a-Service platform and data-driven approach that efficiently tackles complex personal injury claims while retaining the “human touch.”

The Mavera SaaS platform combines digital personal injury claims solutions with access to their unique medical expertise network.

“The Nordics is a digitally mature market that is ripe for expansion and further transformation, and the Verisk ecosystem is primed to deliver this,” Olav Skowronnek, managing director for Continental Europe at Verisk Claims Solutions, said. “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.”

“Mavera has found a perfect match in Verisk as a digitally-driven company working to add value to the claims process for insurance organizations and policyholders alike,” Roine Gabrielsson, CEO of Mavera, said in a statement. “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.”

The Mavera team and platform will be onboarded into the Verisk ecosystem of insurance solutions.

The transaction is subject to customary closing conditions.