FM Global, Hearst Ventures and QBE Ventures are set to exit the insurance analysis software provider in an acquisition by Bold Penguin.
Insurance technology producer Bold Penguin has agreed to buy US-based insurance document software provider RiskGenius for an undisclosed amount, allowing media group Hearst and insurance carriers FM Global and QBE to exit.
Founded in 2015, RiskGenius has developed software that uses machine learning to analyse insurance policies in order to help users more comprehensively understand terms and compare different policies more effectively.
Bold Penguin will take on the RiskGenius team and the latter’s data and analytics products will be absorbed…
