Verisk Analytics has expanded its claims products in the United Kingdom with the acquisition of Emergent Network Intelligence (ENI), which provides insurers in the UK with technological innovations to process claims more efficiently and to detect fraud.
Financial terms of the acquisition were not disclosed.
“ENI has demonstrated a commitment to helping insurers meet the challenges of making substantive reductions in claims cycle time and detecting fraud,” said Mark Anquillare, executive vice presideclaimsnt and chief operating officer of Verisk Analytics. “Their innovative solutions are valuable additions to our existing claims offerings. These include an advanced vehicle inspection system that triages total losses and can predict repairs and an analytic solution that can identify potential fraud by evaluating data from multiple sources.”
The ENI deal is the latest in a series of acquisitions Verisk has made in the last few months.
Source: Verisk Analytics