Verisk Acquires Morning Data; Terms Not Disclosed
Portfolio Pulse from Charles Gross
Verisk (NASDAQ:VRSK) has acquired Morning Data, a software supplier for brokers and managing general agents (MGAs) globally. The acquisition will help Verisk expand its solutions for straight-through processing and distribution to SME brokers, coverholders, MGAs, captives, and (re)insurers.
May 30, 2023 | 9:22 am
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Verisk's acquisition of Morning Data will expand its solutions for straight-through processing and distribution to SME brokers, coverholders, MGAs, captives, and (re)insurers.
The acquisition of Morning Data will help Verisk expand its offerings and reach a growing market of SME brokers, coverholders, MGAs, captives, and (re)insurers. This could lead to increased revenue and growth for the company, making it a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100