Verisk Analytics has snatched up Healix Risk Rating, a company focused on automated medical risk assessment for the travel insurance ratings.Financial terms were not disclosed, although the deal is designed to expand Verisk’s risk assessment offerings for the global insurance industry.
Verisk said it plans to fold its Esher, England-based acquisition into ISO, a Verisk Analytics business that collects and compiles data on property/casualty insurance risk.
Healix Risk Rating provides data designed “to help underwrite medical coverage for travelers with greater speed, accuracy, and efficiency,” Verisk said in a statement.
Healix launched in 2000 as a wholly owned subsidiary of Healix International Holdings Ltd.
Beth Fitzgerald, president of ISO Solutions, said in prepared remarks that Healix Risk Rating tools developed to help insurers spot and assess medical coverage for travelers at the point of sale will “allow us to better serve both the travel insurance market and property/casualty insurers around the world.”
A version of this article first appeared in Insurance Journal’s sister publication, Carrier Management.
Topics Mergers & Acquisitions
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