Verisk to Acquire London Market Pricing Software Firm Rulebook

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U.S.-based data analytics firm Verisk has agreed to acquire Rulebook, a provider of business intelligence and software for the London Insurance Market.

The purchase price is $87 million in cash, which Verisk said will be funded through cash on hand and existing bank facilities, subject to typical closing adjustments. The transaction is expected to be accretive to 2019 adjusted EPS. In addition, Verisk expects the acquisition to generate an attractive return in excess of Verisk’s cost of capital.
The transaction is expected to close in the fourth quarter of 2018.

Rulebook’s proprietary pricing engine can be used for external distribution through the Rulebook hub platform for the private insurance market, along with internal pricing and insurance. Launched in 2002, Rulebook also offers data analysis on historical, current and predictive views of business operations.

Rulebook’s pricing engine is used by carriers in the London private insurance market to create spelling rules through a simple, easy-to-use web-based platform for complex, private insurance products.

Mark Anquillare, Verisk’s chief operating officer, called Rulebook, a “Verisk-like business Ver.

Sequel CEO Ian Summers, another London insurance software company acquired by Verisk in 2017, said, sigorta Inheritance will extend Verpage’s existing offerings to the specialty insurance market by adding Rulebook’s special pricing and management information engines to the private insurance market. 201 Improved offers will provide our customers with more efficient delivery methods and significantly improved data analysis capabilities. “

Located in central Jersey City, Verisk operates in 30 countries.

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