Verisk Analytics acquires Indian firm Fintellix
Verisk Analytics, a provider of property/casualty (P&C) insurance risk information, has acquired an Indian data solutions company Fintellix.
Bangalore-based Fintellix specialises in the development of data management platforms and regulatory reporting solutions for financial institutions.
"Companies across the globe are looking to integrate their enterprise-wide data capabilities while addressing the broadening regulatory requirements of the markets in which they operate," said Nana Banerjee, group president at Verisk Analytics.
"The acquisition of Fintellix positions Verisk and Argus to expand our data hosting and regulatory platforms and better address the increasingly complex needs of our clients," he added.
Scott Stephenson, chairman, president, and chief executive officer (CEO) of Verisk Analytics, commented: "Fintellix and its advanced data management platform, along with its regulatory reporting expertise, will be a valuable addition to both Argus and Verisk Analytics."
Vivek Subramanyam, CEO of Fintellix, said: "The solutions offered by Fintellix enable financial institutions to leverage their current investments in core operating systems and infrastructure in a robust, agile, and scaled manner. The entire Fintellix team is excited about becoming part of the Verisk family."
Today’s top stories
'Expensive' London Market is losing business to overseas hubs
JLT Re enjoys strong growth despite continued price declines
R&Q raises £16.9m; eyes growth in Malta, US and seeks more acquisitions
Reinsurers warn changes to UK personal injury calculations may hit them hard
Enstar posts solid 2016 results but warns on impact of deteriorating rates
JLT appoints group COO amid management reshuffle
Did you enjoy reading this story? Sign up to our free daily newsletters and get stories like this sent straight to your inbox.
Already registered?
Login to your account
If you don't have a login or your access has expired, you will need to purchase a subscription to gain access to this article, including all our online content.
For more information on individual annual subscriptions for full paid access and corporate subscription options please contact us.
To request a FREE 2-week trial subscription, please signup.
NOTE - this can take up to 48hrs to be approved.
For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Elliot Field at efield@newtonmedia.co.uk or Adrian Tapping at atapping@newtonmedia.co.uk
More articles
Copyright © intelligentinsurer.com 2024 | Headless Content Management with Blaze