Building on a strategic investment made by Verisk in Rocket in 2022, this acquisition is a strategic step toward advancing Verisk’s presence in Europe.
The company aims to assist insurers and claims service providers in harnessing comprehensive data and technology tools to elevate the overall claims experience. Established in 2015, Rocket Enterprise Solutions GmbH, also known as Rocket or RES, has experienced rapid growth, emerging as a market leader. Its robust property claims and underwriting technology have gained widespread adoption among major insurers and service providers in Germany and Austria.
Rocket’s innovative suite of solutions includes Rocketform, designed for claims inspection, documentation, and calculation, and Rocket Risk, which digitalizes the risk inspection and assessment process, enhancing operational efficiency and facilitating sound underwriting decisions. The comprehensive suite streamlines both claims and underwriting processes, driving increased efficiency and profitability for insurers.
“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.
He added: 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.
Author: Joanna England
