Halifax’s Analyze Re Acquired by Verisk Analytics
HALIFAX – Halifax-based software company Analyze Re has been acquired by Verisk Analytics, a leading data analytics provider serving customers in insurance, natural resources, and financial services.
Founded in 2013 and an alumnus of Propel ICT’s Launch36 program, Analyze Re provides a software analytics suite designed for the reinsurance and insurance industries.
“We’re excited to join the Verisk Analytics family of businesses,” said Adrian Bentley, CEO of Analyze Re in a release. “Our team has been creating technology solutions for the insurance, reinsurance and capital markets industries for more than a decade, turning huge volumes of data into meaningful insights in seconds. We look forward to continuing to offer these capabilities as part of AIR`s already robust product offerings.”
Analyze Re will become part of AIR Worldwide (AIR), a Verisk Analytics business, and will enable AIR to provide its clients with additional real-time pricing, exposure management, and enterprise portfolio roll-up capabilities.
“Clients are increasingly looking to track and reduce portfolio risk in real-time,” said Bill Churney, president of AIR Worldwide in a release. “Analyze Re`s advanced analytics will complement our existing software solutions, enabling companies to manage their enterprise view of risk and perform multi-modeling and portfolio optimization, all within a single environment.”