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Verisk acquires McKenzie Intelligence Services to boost cat event preparation and response
['Jack Willard']
Artemis.bm – The Catastrophe Bond, Insurance Linked Securities & Investment, Reinsurance Capital, Alternative Risk Transfer and Weather Risk Management site
Verisk, the data analytics and technology provider, has acquired McKenzie Intelligence Services (MIS), a geospatial intelligence and event response company that specialises in global real-time catastrophe and conflict event analysis.
As per the announcement, MIS will integrate into Verisk’s Catastrophe and Risk Solutions division, enhancing its real-time geospatial intelligence within a more extensive portfolio that includes catastrophe risk modeling, global loss indexes, advanced analytics, and risk data.
MIS provides swift post-event damage assessments, military-grade intelligence, and actionable insights that facilitate real-time decision-making following a significant loss event.
Rob Newbold, president of Verisk Catastrophe and Risk Solutions, commented: “Verisk and MIS share a commitment to helping clients make faster, more confident decisions before, during, and after catastrophic events.”
Together with Verisk’s risk modelling and claims solutions, we can help insurers better serve policyholders during their most challenging moments.”