{"id":751187,"date":"2023-04-26T03:03:01","date_gmt":"2023-04-26T07:03:01","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/verisk-acquires-german-insurtech-sv-krug-expands-european-motor-solutions\/"},"modified":"2023-04-26T03:03:01","modified_gmt":"2023-04-26T07:03:01","slug":"verisk-acquires-german-insurtech-sv-krug-expands-european-motor-solutions","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/verisk-acquires-german-insurtech-sv-krug-expands-european-motor-solutions\/","title":{"rendered":"Verisk Acquires German InsurTech SV Krug, Expands European Motor Solutions"},"content":{"rendered":"<h2>\nAcquisition further accelerates Verisk\u2019s growth to support the global insurance industry<br \/>\n<\/h2>\n<div class=\"mw_release\">\n<p>COLOGNE, April  26, 2023  (GLOBE NEWSWIRE) &#8212; <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=9h824Y5801bDwi6kyUhkGDr523P9qy9sbg-yfKUb1ElfcCY_Na8DbzjrR92GS015lTthtrTyyStHK2PqIIuhgA==\" rel=\"nofollow noopener\" target=\"_blank\"><u>Verisk<\/u><\/a> (Nasdaq: VRSK), a leading global data analytics and technology provider, has acquired Krug Sachverst\u00e4ndigen GmbH, a Germany-based motor claims solutions provider. The acquisition expands Verisk\u2019s claims and casualty offerings across Europe.<\/p>\n<p>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.<\/p>\n<p>\u201cDigitalisation has become increasingly important to accelerate the claims process, allowing insurers to focus on their core competencies and cost-saving measures,\u201d said Oliver Krug, managing director of SV Krug. \u201cThe implementation of a neutral and independent ecosystem in claims management is our top priority. As part of Verisk, we\u2019ll 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.\u201d<\/p>\n<p>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.\u00a0<\/p>\n<p>\u201cVerisk will add SV Krug\u2019s established claims management solutions to Verisk\u2019s leading data analytics and insurance ecosystem to provide an end-to-end claims solution to the European insurance market,\u201d said Olav Skowronnek, managing director for Continental Europe at Verisk Claims Solutions. \u201cSV Krug\u2019s synergies with Actineo show great promise to support our clients by optimising operational efficiency and improving the customer experience.\u201d<\/p>\n<p>\n        <strong>About Krug Sachverst\u00e4ndigen GmbH<br \/><\/strong>Since 1982, Krug Sachverst\u00e4ndigen 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 &#8211; from motor vehicle damage appraisals and document checking reports to securing evidence and determining vehicle valuations.\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=v7csVHeVIoM0FYezN_uD4QyFyn8oAmh70Ad3O0BDIa0FEddYm_SZBeC0fRXyvBfw4IMlso3D8af7ckuNqQ5F9A==\" rel=\"nofollow noopener\" target=\"_blank\">sv-krug.de<\/a><\/p>\n<p>\n        <strong>About Verisk<br \/><\/strong>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\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=t14kbJUelAi2pCm-zrfUwIVDwbcD58Whmvdw9IOsxgAgBGTT9KMy01FJJokpSnjSuy1a1rp2uYMel0DOc9MDpBaokt333hs53kzFSw32mebWSv8PZ0nF4e0slzUgdMhB9JDgTpgu6C-hbxJl-YtD0A==\" rel=\"nofollow noopener\" target=\"_blank\"><u>Great Place to Work<\/u><\/a>\u00a0and fosters an\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=48zsgMJ3E0BdAWcBIKOKAKynDXzrOWKUd8dPxqoacsMB9jX5fwLz-zkOb3h7YermWs4-gU2bvT1-QYClvMWCd5-IW-kdpkrs5juedKWmm7DoZBme5Pu346AuGd0y3MKK8g01GxfAHIbaKtn0QDOYIg==\" rel=\"nofollow noopener\" target=\"_blank\"><u>inclusive culture<\/u><\/a>\u00a0where all team members feel they belong. For more, visit\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=9h824Y5801bDwi6kyUhkGOnUckQ6GyzkvsKARLxBF_DQP0u8tLfK39ICxi7I0Au_9iNni_q6RWT29349CWQh1A==\" rel=\"nofollow noopener\" target=\"_blank\"><u>Verisk.com<\/u><\/a>\u00a0and the\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=9h824Y5801bDwi6kyUhkGCN-ejJaIJksqly8e0JScwF5nuM69XmhMwVn13Am5d72hNH1B2IPYlLlrcYJUrcFr8HA5TCbnkilPmvxQnVVml4=\" rel=\"nofollow noopener\" target=\"_blank\"><u>Verisk Newsroom<\/u><\/a>.\u00a0<\/p>\n<p>      <img decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODgyNTMwMSM1NTU2NjQwIzIyMTAwMjk=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" src=\"https:\/\/ml.globenewswire.com\/media\/NjU2ZGNlMWQtMmJmNy00ZWViLTlhNzUtM2U4YjEwM2MzMDAxLTEyMjE1ODI=\/tiny\/Insurance-Services-Office-Inc-.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\">\n<pre>Media Contacts\r\n\r\nKathrin Melzer | Actineo, a Verisk business | Cologne, Germany | +49 (0)2236 48003 122\r\nkathrin.melzer@actineo.de\r\n\r\nAli Herbert | Verisk | Jersey City, NJ (U.S.) | +1.201.469.3998 | ali.herbert@verisk.com<\/pre>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Acquisition further accelerates Verisk\u2019s growth to support the global insurance industry COLOGNE, April 26, 2023 (GLOBE NEWSWIRE) &#8212; Verisk (Nasdaq: VRSK), a leading global data analytics and technology provider, has acquired Krug Sachverst\u00e4ndigen GmbH, a Germany-based motor claims solutions provider. The acquisition expands Verisk\u2019s 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. \u201cDigitalisation has become increasingly important &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/verisk-acquires-german-insurtech-sv-krug-expands-european-motor-solutions\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Verisk Acquires German InsurTech SV Krug, Expands European Motor Solutions&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-751187","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Verisk Acquires German InsurTech SV Krug, Expands European Motor Solutions - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/verisk-acquires-german-insurtech-sv-krug-expands-european-motor-solutions\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Verisk Acquires German InsurTech SV Krug, Expands European Motor Solutions - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Acquisition further accelerates Verisk\u2019s growth to support the global insurance industry COLOGNE, April 26, 2023 (GLOBE NEWSWIRE) &#8212; Verisk (Nasdaq: VRSK), a leading global data analytics and technology provider, has acquired Krug Sachverst\u00e4ndigen GmbH, a Germany-based motor claims solutions provider. The acquisition expands Verisk\u2019s 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. \u201cDigitalisation has become increasingly important &hellip; Continue reading &quot;Verisk Acquires German InsurTech SV Krug, Expands European Motor Solutions&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/verisk-acquires-german-insurtech-sv-krug-expands-european-motor-solutions\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2023-04-26T07:03:01+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODgyNTMwMSM1NTU2NjQwIzIyMTAwMjk=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/verisk-acquires-german-insurtech-sv-krug-expands-european-motor-solutions\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/verisk-acquires-german-insurtech-sv-krug-expands-european-motor-solutions\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Verisk Acquires German InsurTech SV Krug, Expands European Motor Solutions\",\"datePublished\":\"2023-04-26T07:03:01+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/verisk-acquires-german-insurtech-sv-krug-expands-european-motor-solutions\\\/\"},\"wordCount\":505,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/verisk-acquires-german-insurtech-sv-krug-expands-european-motor-solutions\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODgyNTMwMSM1NTU2NjQwIzIyMTAwMjk=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/verisk-acquires-german-insurtech-sv-krug-expands-european-motor-solutions\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/verisk-acquires-german-insurtech-sv-krug-expands-european-motor-solutions\\\/\",\"name\":\"Verisk Acquires German InsurTech SV Krug, Expands European Motor Solutions - 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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. \u201cDigitalisation has become increasingly important &hellip; Continue reading \"Verisk Acquires German InsurTech SV Krug, Expands European Motor Solutions\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/verisk-acquires-german-insurtech-sv-krug-expands-european-motor-solutions\/","og_site_name":"Market Newsdesk","article_published_time":"2023-04-26T07:03:01+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODgyNTMwMSM1NTU2NjQwIzIyMTAwMjk=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/verisk-acquires-german-insurtech-sv-krug-expands-european-motor-solutions\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/verisk-acquires-german-insurtech-sv-krug-expands-european-motor-solutions\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Verisk Acquires German InsurTech SV Krug, Expands European Motor Solutions","datePublished":"2023-04-26T07:03:01+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/verisk-acquires-german-insurtech-sv-krug-expands-european-motor-solutions\/"},"wordCount":505,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/verisk-acquires-german-insurtech-sv-krug-expands-european-motor-solutions\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODgyNTMwMSM1NTU2NjQwIzIyMTAwMjk=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/verisk-acquires-german-insurtech-sv-krug-expands-european-motor-solutions\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/verisk-acquires-german-insurtech-sv-krug-expands-european-motor-solutions\/","name":"Verisk Acquires German InsurTech SV Krug, Expands European Motor Solutions - 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