Source: Datos
Datos Insights, a global provider of data and advisory solutions to the financial services and insurance industries, announced the acquisition of InsTech, London-based insurance innovation community and advisory firm. The strategic combination brings together Datos’ deep practitioner expertise and sophisticated data and analytics capabilities with InsTech’s established network of senior insurance executives and extensive experience in emerging technologies and risk methodologies.
The acquisition brings together Datos’ deep technology expertise and established relationships with US carriers with InsTech’s broad network spanning key insurance decision makers including Risk, Underwriting, and Chief Operating Officers across global markets. This combination delivers enhanced capabilities to better serve the diverse stakeholder groups driving insurance transformation.
“InsTech has built an exceptional reputation as the trusted voice for practical insurance innovation, and their expertise in emerging risk methodologies and coverage forms complements our technology-focused advisory approach,” said Kavitha Venkita, CEO of Datos Insights. “This acquisition creates opportunities to connect our deep relationships with insurance CIOs with InsTech’s broader network of risk, underwriting, and operations leaders as we explore future collaboration possibilities.”
“Becoming part of the Datos group is a natural next step for InsTech,” said Robin Merttens, Executive Chairman and Co-Founder of InsTech. “We have been looking for a partner that can help us expand the range of services we provide to our community and bolster our capabilities in the US, and this deal delivers both. We look forward to introducing our community to our new partners and exploring the new opportunities to make them successful.”
Matthew Grant, InsTech CEO, added: “This partnership creates exciting opportunities to explore how our expertise in emerging risk methodologies and parametric insurance can work alongside Datos’ deep technology insights. We look forward to maintaining our independent approach while exploring how our combined capabilities might better serve insurance executives navigating an increasingly complex landscape.”
“Our robust M&A pipeline reflects the strong market demand for combining deep industry expertise with sophisticated data analytics,” said Wayne Mincey, Executive Chair of Datos Insights. “InsTech’s proven track record of building trusted relationships with insurance leaders, combined with our analytical capabilities, creates a powerful platform for helping clients make high-stakes decisions with confidence.”
Read the full article: https://datos-insights.com/press-release/datos-insights-instech-acquisition/
