Terms were not disclosed. Employees including Bold Penguin founder Ilya Bodner will remain with the company.

The buy continues Verisk's aggressive M&A strategy.

Tie-up provides machine-learning boost to small-business-focused insurtech.

Zurich’s subsidiary Farmers Group Inc. and Farmers Exchanges, which the insurer manages, will fund the purchase jointly.

The Insuramatch unit offers coverage for auto, home, boat, motorcycle, renters, umbrella and flood, among others.

The employees and select assets of Ireland-based Pramerica Systems change hands.

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The broker gains a practice to help build technology for its business lines, which include commercial property-casualty, personal insurance and employee benefits.