Risk Intelligence

Overview

Risk Intelligence Ireland, a leading solutions provider to the Irish general insurance industry, completed its sale to Verisk Analytics Inc, a Nasdaq listed data analytics provider serving customers in insurance, natural resources, healthcare, financial services, government, and risk management. Financial terms of the transaction were not disclosed.

Significance

Risk Intelligence Ireland, or RII, is a leading solutions provider to the Irish general insurance industry, providing value-added services focused on fraud detection, compliance, risk control, and process automation. For over 20 years, RII has been working extensively with the general insurance market to develop specialist products and industrywide services. The business was created as part of the MoneyMate Group, a specialist provider of investment data management and analytics solutions to the global asset management industry, before being demerged in 2014 in preparation for this process.

A Verisk Analytics (Nasdaq:VRSK) business, Verisk Insurance Solutions is a leading source of information about property/casualty insurance risk. Drawing upon vast experience in data management, security, and predictive modeling to serve its clients, Verisk Insurance Solutions includes the industry-leading brands of ISO, AIR Worldwide, and Xactware. In the United States and around the world, Verisk Insurance Solutions helps customers protect people, property, and financial assets. For more information, visit www.verisk.com/insurance.

“Risk Intelligence Ireland has developed valuable tools to help insurers control costs and improve the pricing of risk in a country where insurers are challenged by underwriting losses and a surge in claims costs,” said Scott Stephenson, chairman, president, and chief executive officer of Verisk Analytics. “Their talent and experience will build on our core strengths and enhance the ability of our Verisk Insurance Solutions business to serve the international insurance market.”

Our Role

NovitasFTCL was sole adviser to all shareholders of Risk Intelligence Ireland. The process engaged with a significant number of trade buyers and Private Equity firms in both Europe and the US ending up in the acquisition of 100% of the firm by Verisk Analytics Inc.