MT TL Rotating 4 10 2018
Follow Us



Vertafore Acquires Data Analytics Firm RiskMatch

Staff Writer | April 25, 2017

Vertafore announces the acquisition of RiskMatch, a business intelligence and analytics company that provides portfolio management and placement solutions to insurance brokers and carriers. RiskMatch will operate as a separate business unit within Vertafore and founder and CEO Kabir Syed will join the Vertafore executive team.

Founded in 2013 and headquartered in Greenwich, Conn., RiskMatch delivers web-based solutions for insurance intermediaries and underwriting partners throughout the U.S. Its patented platform provides an array of portfolio management and placement solutions, analytics, internal and external benchmarking capabilities, and information management services designed to reduce costs, facilitate growth, and improve client service.

Leveraging its network of over 25,000 agencies and 1,000 carriers, Vertafore will now be able to provide a comprehensive set of internal and external benchmarks, along with in-depth reporting. This will allow brokers and insurers to better understand their book of business and relationships across the insurance distribution chain, the company said.

“We are excited to work alongside Kabir and the team at RiskMatch as we continue to deliver on our promise to customers to provide the best available data and market insights at a time when change and disruption are accelerating,” says Amy Zupon, CEO of Vertafore. “Vertafore’s comprehensive and flexible technology platform, combined with the market-leading solutions from RiskMatch, provide the insurance industry with the innovative tools needed to maximize efficiency and profitably navigate a changing environment.”

“We are thrilled to be joining forces with Vertafore to provide leading edge solutions that help brokers and carriers effectively mine big data to better understand and more quickly respond to the changing needs of their customers,” says Syed, who has spent more than 25 years working in insurance and related financial services. “This combination will be highly impactful for customers as they have been asking for broader capabilities directly related to analytics, insights, and ease of use.”

Financial terms of the transaction were not disclosed.

Featured articles

Majesco RH

MT 4 10 2018 Large RHS


The Email Chat is a regular feature of the ITA Pro magazine and website. We send a series of questions to an insurance IT leader in search of thought-provoking responses on important issues facing the insurance industry.


ITA is pleased to present the 2014 Webinar Series. We have many topics for you to choose from and attendance is open to all ITA members. The webinar topics are current and exciting — ranging from predictive analytics to telematics and will focus on the direction insurance carriers need to follow for the future. All webinars are presented by insurance IT professionals along with some of the leading analysts and consultants in the field. There is no cost to attend an ITA webinar. For more information and to register for the webinar, click the “title” of the webinar below.


only online

Only Online Archive

ITA Pro Buyers' Guide

Vendor Views

Partner News