Verisk to acquire SuranceBay for $162.5m.

Verisk, a global data analytics and technology provider, agreed to acquire SuranceBay, a provider of producer licensing, onboarding, appointment and compliance solutions for the life and annuity industry, for $162.5m. “Verisk is committed to investing in the life and annuity space to drive efficiencies in the ecosystem, and we know that the connection between carriers and distribution is crucial in an increasingly dynamic market. We’re excited to welcome the SuranceBay team to invest in industry solutions that will help our clients grow their business, enhance the customer experience and foster innovation. Together, we’re building a scalable, future-ready ecosystem the industry can rely on,” Saurabh Khemka, Verisk Co-President of underwriting solutions.