Verisk Analytics, Inc., a data analytics provider, announced the acquisition of The GeoInformation Group, a participant in the field of geographic data solutions based in Cambridge, United Kingdom.
The GeoInformation Group offers large-scale mapping services and geospatial data and analytic solutions to a wide array of companies and more than 300 public sector organizations.
“This acquisition expands Verisk’s footprint in the U.K. as a data and analytics provider across multiple markets, including insurance, energy, and real estate,” said Scott Stephenson, chair, president, and chief executive officer of Verisk Analytics. “The GeoInformation Group’s resources complement our risk management and predictive analytics capabilities internationally.”
The GeoInformation Group is an award-winning provider of detailed geospatial information essential for those seeking insight into land and property across the U.K. Formed in 1998, the group has been working to extract information from high-resolution aerial imagery to create unique and valuable geospatial products for professional users. Customers include blue-chip and key public sector organizations, including Transport for London, Metropolitan Police, Thames Water, and major insurers and telecom organizations, as well as land developers, architects, planners, and geospatial professionals.
Geoinformation is now a part of the Verisk family of companies and will continue to operate in its current location.
Verisk Analytics is a 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 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.
Source: Verisk Analytics