Bold Penguin buys analytics and software company

Bold Penguin Inc., a Columbus, Ohio-based online insurance exchange, said Tuesday it has acquired analytics and software company RiskGenius.

Bold Penguin acquired Overland Park, Kansas-based RiskGenius from ClaimKit LLC, also based in Overland Park. Terms of the transaction were not disclosed.

RiskGenius provides software and analytics for what it calls the “technology-assisted review of policies.”

“Their policy-level data approach helps our exchange grow” and will have a “significant” effect on quoting, Ilya Bodner, founder and CEO of Bold Penguin, said in a statement.

Bold Penguin earlier this year added commercial auto coverage to its platform.

Bold Penguin was founded in 2016, and RiskGenius was launched in 2015, the statement said.