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Verisk Acquires Risk Modeling Firm Arium

Verisk Analytics announces it has acquired Arium, an independent company specializing in liability risk modeling and decision support. Arium will become part of AIR Worldwide (AIR), a Verisk Analytics business, and will enable AIR to provide its clients with additional modeling solutions and analytics for the casualty market.

"The industry has been searching for a platform and methodology to manage the complete range of its casualty risk," says Bill Churney, president of AIR Worldwide. "We believe Arium's capabilities will allow us to do for casualty analytics what we've already done for property analytics, helping insurers and reinsurers comprehensively manage risk across their portfolios."

"We're excited to join the Verisk Analytics family of businesses and expand AIR's offerings through our expertise in liability risk," says Robin Wilkinson, founder and managing director of Arium. "Our casualty analytics platform extends well beyond product liability, enabling companies to run historical and emerging scenarios and build their own scenarios across all casualty lines to visualize how a single event can quickly spill over into other industries and their supply chains."

"Arium is a valuable addition to the Verisk Analytics family of businesses, providing critical insurance expertise," says Mark Anquillare, executive vice president and COO of Verisk Analytics. "Combined with AIR's leading models, Arium's solutions will now enable customers to manage their extreme event risk from both property and casualty catastrophe exposures." 


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