Global data analytics and technology provider Verisk has announced the acquisition of UK-based Morning Data, a supplier of software to brokers and managing general agents.
Morning Data provides end-to-end processing with full audit trails and ease of reporting, Verisk said. The acquisition will enable Verisk to enhance and expand its solutions for straight-through processing and distribution to SME brokers, coverholders, MGAs, captives, and (re)insurers.
“For more than 30 years, Morning Data has helped the market optimize operations with innovative software solutions,” said Kirstin Duffield, founder and CEO of Morning Data. “By joining the Verisk team, we’re looking forward to supporting the London and international insurance market in the next step of its digital transformation journey.”
Morning Data will become part of Verisk’s Specialty Business Solutions, a suite of end-to-end management solutions that allows insurance professionals to efficiently manage critical process steps and calculate risk accumulation and exposure impact across complex specialty lines.
“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,” said Tim Payner, president of Verisk Specialty Business Solutions. “Together, we’ll be able to help more coverholders, brokers, and carriers reap the benefits of enhanced automation and streamlined workflows.”
Verisk recently announced key promotions in its claims solutions group. The company also recently partnered with Munich Re to enhance human rights due diligence.
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