Verisk strengthens global insurance software solutions with acquisition of Morning Data

This strategic acquisition will significantly enhance Verisk’s suite of end-to-end insurance software solutions within its Specialty Business Solutions division, catering to the UK and global markets.

The acquisition of Morning Data empowers Verisk to bolster its straight-through processing and distribution offerings, explicitly targeting the underserved and rapidly expanding market of SME brokers, cover holders, MGAs, captives, and (re)insurers. Morning Data’s software provides comprehensive end-to-end processing capabilities, boasting full audit trails and simplified reporting features.

Its versatile platform enables London Market practitioners to efficiently handle various business styles and capture detailed risk-level data using global standards and structured data frameworks.

Morning Data’s integration into Verisk’s Specialty Business Solutions division will strengthen its modern and integrated management solutions suite. This suite equips insurance professionals with the tools to streamline critical process steps, accurately assess risk accumulation, and evaluate exposure impact across complex speciality lines.

Among the solutions included in the suite are Sequel Impact, a web-based analytical engine; Sequel Claims, a workflow management solution; Sequel Rulebook®, an award-winning pricing, underwriting, and distribution platform; and Sequel Whitespace, a digital trading platform.

Kirstin Duffield, the founder and CEO of Morning Data, expressed excitement about the partnership: “By joining the Verisk team, we’re looking forward to supporting the London and international insurance market in the next step of its digital transformation journey.”