Acquisition further accelerates Verisk’s growth to support the global insurance industry
COLOGNE, April 26, 2023 (GLOBE NEWSWIRE) — Verisk (Nasdaq: VRSK), a leading global data analytics and technology provider, has acquired Krug Sachverständigen GmbH, a Germany-based motor claims solutions provider. The acquisition expands Verisk’s claims and casualty offerings across Europe.
Verisk Acquires German InsurTech SV Krug, Expands European Motor Solutions
Verisk’s recent acquisition of Krug Sachverständigen GmbH marks a significant step forward in the company’s mission to revolutionize the global insurance industry. By bringing on board a respected and established motor claims solutions provider like SV Krug, Verisk is poised to enhance its claims and casualty offerings in the European market.
Founded in 1982, SV Krug has built a strong reputation for its innovative approach to motor claims processing and its commitment to providing top-notch services to its clients. With this acquisition, Verisk not only gains access to SV Krug’s extensive expertise and industry knowledge but also strengthens its position as a leading provider of data analytics and technology solutions for the insurance industry.
This strategic move underscores Verisk’s commitment to expanding its presence in key markets and delivering tailored solutions that meet the evolving needs of insurers and policyholders. As the insurance landscape continues to evolve, Verisk is well-positioned to drive innovation and deliver value to its customers through this acquisition.
How will this acquisition affect me?
As a policyholder, you can expect to benefit from Verisk’s expanded claims and casualty offerings in Europe. With the integration of SV Krug’s motor claims solutions, Verisk will be able to streamline the claims process, leading to faster and more efficient claims handling. This means that you can expect a smoother and more seamless experience when filing and processing insurance claims.
How will this acquisition affect the world?
Verisk’s acquisition of SV Krug signals a growing trend of consolidation and innovation in the global insurance industry. By expanding its reach and enhancing its capabilities, Verisk is not only strengthening its own position in the market but also driving positive change and transformation in the industry as a whole. This acquisition has the potential to set new standards for claims processing and customer service, ultimately benefiting insurers, policyholders, and other stakeholders worldwide.
Conclusion
Verisk’s acquisition of SV Krug represents a significant milestone in the company’s journey to support the global insurance industry. With this strategic move, Verisk is well-positioned to accelerate its growth, expand its offerings, and drive innovation in the European market and beyond. As the industry continues to evolve, Verisk remains committed to delivering value and driving positive change for insurers, policyholders, and stakeholders worldwide.
