Summary
- Verisk has agreed to acquire RuleBook for $87 million in cash.
- RuleBook has created software than enables insurance underwriters and brokers to price insurance products.
- VRSK continues an active acquisition strategy to purchase pieces it needs to take advantage of a changing analytics landscape across its industry verticals.
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Quick Take
Verisk (VRSK) announced it has agreed to acquire Rulebook for $87 million in an all-cash deal.
Rulebook has developed a proprietary pricing engine to assist firms in specialty insurance underwriting and broking transaction markets.
VRSK management continues to acquire the technologies and businesses needed to take advantage of numerous analytics and information-centric decision support opportunities across its industry verticals.
