Verisk Acquires German InsurTech SV Krug, Expands European Motor Solutions
26 Abril 2023 - 2:00AM
Verisk Acquires German InsurTech SV Krug, Expands European Motor
Solutions
Verisk (Nasdaq: VRSK), a leading global data analytics and
technology provider, has acquired Krug Sachverständigen GmbH, a
Germany-based motor claims solutions provider. The acquisition
expands Verisk’s claims and casualty offerings across Europe.
Founded in 1982, SV Krug has established an industry-leading
position in the German insurance market through highly digitalised
solutions that help insurers and car manufacturers achieve better
and faster customer service, leading to sustainable reductions in
costs. SV Krug streamlines motor claims with digital solutions that
enable insurers to quickly obtain claim photos and information from
policyholders, analyze those claims and deliver payments to
policyholders.
“Digitalisation has become increasingly important to accelerate
the claims process, allowing insurers to focus on their core
competencies and cost-saving measures,” said Oliver Krug, managing
director of SV Krug. “The implementation of a neutral and
independent ecosystem in claims management is our top priority. As
part of Verisk, we’ll be well positioned to enhance our role as a
strategic partner and explore additional opportunities to automate
the motor claims process for added benefits to both the insurer and
policyholder / liability claimant.”
The acquisition is highly complementary to Actineo, a Verisk
business that was acquired in 2021. Actineo is a leader in the
digitalisation and medical assessment of personal injury claims in
Germany and Austria, offering a comprehensive portfolio of
services, technology and data solutions to support the entire
personal injury settlement process.
“Verisk will add SV Krug’s established claims management
solutions to Verisk’s leading data analytics and insurance
ecosystem to provide an end-to-end claims solution to the European
insurance market,” said Olav Skowronnek, managing director for
Continental Europe at Verisk Claims Solutions. “SV Krug’s synergies
with Actineo show great promise to support our clients by
optimising operational efficiency and improving the customer
experience.”
About Krug Sachverständigen GmbH Since 1982,
Krug Sachverständigen GmbH has been serving insurance companies,
car manufacturers, mobility service providers, and automotive body
shops with customized assessment services, digital tools, and
AI-based software solutions for claims management. Based on
technological innovation and a network of 120 permanent experts
throughout Germany, SV Krug offers industry-specific solutions for
private and business customers - from motor vehicle damage
appraisals and document checking reports to securing evidence and
determining vehicle valuations. sv-krug.de
About Verisk Verisk (Nasdaq: VRSK) is a leading
strategic data analytics and technology partner to the global
insurance industry. It empowers clients to strengthen operating
efficiency, improve underwriting and claims outcomes, combat fraud
and make informed decisions about global risks, including climate
change, extreme events, ESG and political issues. Through advanced
data analytics, software, scientific research and deep industry
knowledge, Verisk helps build global resilience for individuals,
communities and businesses. With teams across more than 20
countries, Verisk consistently earns certification by Great
Place to Work and fosters an inclusive culture where
all team members feel they belong. For more,
visit Verisk.com and the Verisk Newsroom.
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