Data analytics and technology provider Verisk has acquired Morning Data, a global supplier of software to brokers and managing general agents (MGAs).
The acquisition will enable Verisk to expand its solution distribution into growing markets, targeting small to medium enterprise brokers, coverholders, MGAs, captives and reinsurers.
As part of the mandate, Morning Data will become part of Verisk’s Specialty Business Solutions, its suite of end-to-end management solutions.
Morning Data provides end-to-end processing with full audit trails. London market practitioners can use its data software to process a variety of styles of business and capture risk-level data.
Commenting on the mandate, Tim Rayner, president of Verisk’s Specialty Business Solutions, says: “As a core system and integral part of clients’ daily workflow, Morning Data is trusted by insurers, brokers and MGA customers to manage their risk placement processes.”
He adds: “Together we’ll be able to help more coverholders, brokers and carriers reap the benefits of enhanced automation and streamlined workflows.”
