Jersey City, NJ (Dec. 5, 2016) – Verisk Analytics, Inc., a leading data analytics provider, has announced the acquisition of MarketStance, a leading provider of market intelligence data and analytics to the property/casualty insurance market. MarketStance will become part of ISO, a Verisk Analytics business and a leading source of information about property/casualty insurance risk.
“Our property/casualty customers are always looking for unique insights to help them profitably grow their business,” said Beth Fitzgerald, president of ISO Solutions. “MarketStance has built a proprietary analytics model to provide actionable insights around these core needs that will enhance our ISO offerings.”
“We’re excited to join ISO, a leader in innovative data solutions,” said Dr. Frederick (Fritz) Yohn, chief executive officer and founder of MarketStance. “Becoming part of a larger company will expand our breadth of offerings, help strengthen our capabilities, allow us to reach new customers, and provide additional value to our customers.”
“MarketStance and its unique data and analysis of property and casualty premium potential will be a valuable addition to both ISO and Verisk Analytics,” added Scott Stephenson, chairman, president, and chief executive officer of Verisk Analytics.
Following the completion of the transaction, MarketStance will become part of ISO, and Dr. Fritz Yohn will continue to lead the business.
MarketStance, based in Middletown, Connecticut, is a leading provider of market intelligence and analytics to the insurance industry. MarketStance enables insurers to achieve their goals of profitable growth and increased market share. We deliver timely, accurate, and complete market information, analytics, consulting services, and innovative business solutions to commercial insurers. Through a clear lens, our customers gain competitive insights to identify new target market opportunities, optimize distribution channels, improve retention, streamline the audit process, and much more. For more information, contact us at [email protected].
Since 1971, ISO has been a leading source of information about property/casualty insurance risk. For a broad spectrum of commercial and personal lines of insurance, ISO provides statistical, actuarial, underwriting, and claims information and analytics; compliance and fraud identification tools; policy language; information about specific locations; and technical services. ISO serves insurers, reinsurers, agents and brokers, insurance regulators, risk managers, and other participants in the property/casualty insurance marketplace. ISO is a Verisk Analytics (Nasdaq:VRSK) business. For more information, please visit www.verisk.com/iso.
About Verisk Analytics
Verisk Analytics (Nasdaq:VRSK) is a leading data analytics provider serving customers in insurance, natural resources, and financial services. Using advanced technologies to collect and analyze billions of records, Verisk Analytics draws on unique data assets and deep domain expertise to provide first-to-market innovations that are integrated into customer workflows. Verisk offers predictive analytics and decision support solutions to customers in rating, underwriting, claims, catastrophe and weather risk, global risk analytics, natural resources intelligence, economic forecasting, and many other fields. Around the world, Verisk Analytics helps customers protect people, property, and financial assets.
Headquartered in Jersey City, N.J., Verisk Analytics operates in 23 countries and is a member of Standard & Poor’s S&P 500® Index. In 2016, Forbes magazine named Verisk Analytics to its World’s Most Innovative Companies list and to its America’s Best Large Employers list. Verisk is one of only 14 companies to appear on both lists. For more information, please visit www.verisk.com.
Source: Universal Conversion Technologies (UCT)