Information servcies company ChoicePoint reports it is acquiring Optimal Decisions Group, a firm that develops advanced analytics and software for the insurance industry.
ODG develops predictive modeling, multi-year simulation and optimization models for insurance carriers in the U.S., United Kingdom and Australia. Its products and servcies are used in targeted marketing, acceptance and underwriting, pricing, servicing, collections, and claims.
“The acquisition of ODG into the ChoicePoint portfolio reaffirms our strategy to expand and deliver highly advanced analytics through predictive modeling, software and consulting services to the property and casualty insurance market,” said Liz Draper, ChoicePoint general manager, insurance analytics. “Integrating ODG’s capabilities into our existing insurance analytic solutions will help us deliver the products ChoicePoint’s clients are seeking.”
The transaction is not expected to have a material impact on ChoicePoint’s financial results. The company does not expect the acquisition to be dilutive to earnings.
Sources:
ODG
www.optimaldecisions.com
ChoicePoint
www.ChoicePoint.com
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