US firm swoops for legal software company

Global US data analytics provider Verisk has acquired Sheffield-based Rebmark Legal Solutions, a provider of software to the injury claims sector.

Verisk, which was established nine years ago and features on the Forbes Global 2000 List, is worth $13.2bn. The firm uses advanced technologies to provide predictive analytics and decision support solutions to customers in underwriting and claims.

The combined expertise of the companies will enable clients, worldwide, to take advantage of software and systems that save time, capture data, improve accuracy and eliminate inefficiencies for those working in the injury claims sector.

Mark Anquillare, executive vice president and chief operating officer of Verisk, said: “Rebmark’s solutions aid claimant and defendant lawyers, barristers, and claims handlers with the preparation of schedules of loss, which is particularly useful in complex, high-value injury claims where calculations can be very time-consuming and there is greater potential for error.

“Their innovative solutions are valuable additions to our existing claims offerings, including the ISO Claims Outcome.”

Joe Pendle, managing director, Verisk Claims Europe, added: “By aligning with Rebmark, we will now be able to address multi-track claims, particularly in the catastrophic injury claim space.”

Together, Verisk and Rebmark will offer a combined set of solutions that spans the scope of personal injury claims and provides analytics and decision support throughout the life of a claim.

Mark Hewitt, director of Rebmark, said: “We’re excited to join the Verisk family of businesses. We look forward to adding our offerings to complement Verisk’s comprehensive suite of claims solutions and to helping customers automate otherwise manual, time-intensive work.”

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