Verisk Acquires Rocket Enterprise Solutions

January 10, 2024 / 3 min read

COLOGNE, 10 January 2024 — Verisk (Nasdaq: VRSK), a leading global data analytics and technology provider, has acquired Rocket Enterprise Solutions GmbH, a Germany-based insurtech provider in the property claims sector. The acquisition, which follows a strategic investment by Verisk in Rocket in 2022, will further Verisk's expansion in Europe and the company’s goal of helping insurers and claims service providers leverage more holistic data and technology tools to enhance the claims experience.

Founded in 2015, Rocket Enterprise Solutions GmbH (“Rocket” or “RES”) has grown rapidly to become a market leader. Rocket’s strong property claims and underwriting technology has been widely adopted by many of the largest insurers and service providers across Germany and Austria. Its innovative portfolio of property claims and underwriting solutions include Rocketform, for claims inspection, documentation and calculation, and Rocket Risk, which digitises the risk inspection and assessment process, resulting in greater operational efficiency and enabling better quality underwriting decisions. The suite streamlines the claims and underwriting processes to accelerate insurers’ efficiency and profitability.

“Our work with the Verisk team has allowed us to further develop Rocket’s core technology platform in preparation for international expansion,” said Hanno Kahmann, Rocket CEO. “Joining Verisk was a natural next step to support property claims and underwriting workflows for the global insurance marketplace.”

Rocket joins Verisk’s European claims solutions group and will be led by Michael Rodenberg, Verisk’s director of property claims solutions in Germany. The acquisition expands the company’s footprint in Germany, which includes Actineo, a leader in the digitalisation and medical assessment of bodily injury claims, and Krug, a market-leading motor claims solutions provider.

“Throughout our work together, we’ve seen enormous potential in Rocket’s ability to support clients’ digital transformation journeys,” said Samer Abou-Jaoudé, Verisk Claims Solutions Managing Director in Continental Europe. “Rocket’s offerings and the team’s expertise are perfectly suited to enhance the digitalisation the industry needs to evolve.”

The transaction is subject to customary closing conditions.

About Rocket Enterprise Solutions GmbH
Rocket Enterprise Solutions GmbH is a Berlin based insurtech that specializes in the digitalization of claims and underwriting business processes for the insurance industry. In just a short time, Rocket has grown to become the market leader for claims inspection, documentation and calculation in Germany and Austria. Many of Germany’s largest insurance companies and service providers rely on Rocket’s platform to run their claims operations. For more: rocket-es.com.

About Verisk
Verisk (Nasdaq: VRSK) is a leading strategic data analytics and technology partner to the global insurance industry. It empowers clients to strengthen operating efficiency, improve underwriting and claims outcomes, combat fraud and make informed decisions about global risks, including climate change, extreme events, ESG and political issues. Through advanced data analytics, software, scientific research and deep industry knowledge, Verisk helps build global resilience for individuals, communities and businesses. With teams across more than 20 countries, Verisk consistently earns certification by Great Place to Work and fosters an inclusive culture where all team members feel they belong. For more, visit Verisk.com and the Verisk Newsroom.

Media contact:
Alberto Canal
Verisk
201-469-2618
Alberto.Canal@verisk.com

Verisk Acquires Rocket Enterprise Solutions to Expand Property Claims and Underwriting Digitalisation Offerings Across Europe