Verisk’s Sebastian Höfner named as CEO, taking the baton from Oliver Krug
Cologne, January 21, 2025 – Verisk (Nasdaq: VRSK), a leading global data analytics and technology provider, announced today that Dr. Sebastian Höfner has been elevated to the position of CEO of Krug Sachverständigen-GmbH, the company’s German motor claims specialists effective January 1. Dr. Höfner, previously the Chief Operating Officer, succeeds founder Oliver Krug, and will continue to drive the successful development of the company as part of Verisk.
As Chief Operating Officer, Sebastian Höfner was instrumental in driving the growth of the Krug business over the last year, which was acquired by Verisk in 2023. Prior to working at Verisk, Dr. Höfner was responsible for the commercial areas (finance, IT, purchasing, HR) at the automotive supplier Magna International. Prior to that, he worked in transaction consulting. He holds a doctorate in business administration from Saarland University.
Dr. Höfner says, “Oliver Krug has been instrumental in the success of the company over the past decades and led it into a new future under the Verisk brand. I look forward to building on this in the coming years, helping clients to reimagine their claims management process.”
“Verisk is excited for Dr. Höfner to further develop and expand our motor claims management solutions for our clients,” says Samer Abou-Jaoudé, Managing Director for Verisk Claims Solutions in Europe. “Together, we are expanding Verisk’s capabilities as a trusted and strategic partner to the claims ecosystem in Germany and beyond.”
Verisk is an independent provider of technology and services across bodily injury, motor and property claims management in Germany. Verisk’s three German-based businesses – Actineo, Krug, and Rocket– bring advanced cross-sector expertise to Verisk's Claims Solutions division. In Germany, Verisk also offers solutions for assessing the risk of global natural catastrophes with its Extreme Event Solutions catastrophe modelling business unit.
About Verisk
Verisk (Nasdaq: VRSK) is a leading strategic data analytics and technology partner to the global insurance industry. It empowers clients to strengthen operating efficiency, improve underwriting and claims outcomes, combat fraud and make informed decisions about global risks, including climate change, extreme events, sustainability and political issues. Through advanced data analytics, software, scientific research and deep industry knowledge, Verisk helps build global resilience for individuals, communities and businesses. With teams across more than 20 countries, Verisk consistently earns certification by Great Place to Work and fosters an inclusive culture where all team members feel they belong. For more, visit Verisk.com and the Verisk Newsroom.
About Krug Sachverständigen-GmbH
Since 1982, Krug Sachverständigen-GmbH has been serving insurance companies, car manufacturers, mobility service providers, and automotive body shops with customized assessment services, digital tools, and AI-based software solutions for claims management. The company has been part of Verisk since 2023. Based on technological innovation and a network of 120 permanent experts throughout Germany, SV Krug offers industry-specific solutions for private and business customers – from motor damage appraisals and document checking reports to securing evidence and determining vehicle valuations. With its flexible full-service offering, it processes 180,000 claims a year and maintains partnerships with six repair networks, two car companies and 38 insurance companies. For more, visit sv-krug.de.
Mary Keller
Verisk
339-832-7048
mary.keller@verisk.com