MILWAUKEE, Nov. 24, 2020 (GLOBE NEWSWIRE) — Insurance know-how supplier, Zywave, at the moment introduced the acquisition of Insurance Technologies Corporation (ITC), a number one supplier of promoting, ranking, and administration software program and companies to the insurance coverage trade. Together with Zywave’s present portfolio of options, the acquisition solidifies Zywave’s place because the main supplier of options for carriers and unbiased insurance coverage businesses to assist them drive enterprise effectivity and speed up progress.
“Zywave and ITC share the same goal—to provide the absolute best tech solutions to help insurance professionals succeed in the modern marketplace,” mentioned Jason Liu, chief government officer of Zywave. “With the combined offerings of our two companies, we are beyond excited to bring the most expansive and innovative tools to any agency selling any type of coverage – benefits, commercial or personal lines.”
Founded in 1983, ITC is headquartered in Carrollton, Texas, and serves greater than 250 insurance coverage corporations and greater than 9,000 businesses. The firm’s merchandise, all of which allow company progress by means of larger effectivity and automation, embrace:
- Agency Marketing Services & Solutions – A complete digital company advertising and marketing providing that features web site design, advertising and marketing communication automation, SEO and SEM, customized content material companies and social media companies.
- Personal Lines Comparative Rater – A extremely correct, web-based private traces rater that automates the quoting course of and allows customers to robotically obtain a number of quotes immediately, presently powering greater than 30 million distinctive quotes per yr.
- Agency Management System – The browser-based Agency Matrix company administration system (AMS) supplies the inspiration for P&C company operations, rising operational effectivity and simplifying day-to-day actions.
Zywave plans to align and combine ITC’s merchandise with its Sales Cloud providing, which incorporates a number of front-of-office options that streamline mission-critical workflows to strengthen natural progress. Within the Sales Cloud, ITC’s private traces ranking answer shall be a pure complement to Zywave’s unique suite of present market-leading CPQ choices that allow extra environment friendly and correct quoting and proposals for worker advantages and industrial traces quoting.
ITC’s AMS will complement Zywave’s present AMS providing for worker advantages businesses with new choices for the administration of operations at insurance coverage businesses providing private and industrial insurance coverage. Additionally, integrations with Zywave’s Content Cloud will present additional differentiation and worth to all areas of ITC’s present product portfolio.
“ITC’s insurance solutions definitively round out our Sales Cloud with the most robust offering on the market,” added Liu. “We are excited to expand our services to provide solutions that meaningfully change how independent agencies operate, regardless of their specialty.”
“Our partnership with Zywave marks a truly monumental moment for our joint businesses,” mentioned Laird Rixford, chief government officer of ITC. “Combined, our solutions have the potential to not only help insurance providers compete in the digital marketplace, but thrive in all aspects of selling and servicing the insurance consumer. ITC takes pride in the high level of support we offer our clients and remain committed to that support as we enter the next chapter.”
Together with Zywave’s expansive consumer base, the ITC acquisition means the joint entity will serve greater than 15,000 insurance coverage organizations globally. This acquisition marks Zywave’s largest thus far and fifth in simply over two years, reinforcing Zywave’s continued dedication to investing within the insurance coverage trade. Earlier this month, Zywave introduced the acquisition of Advisen, the foremost supplier of information, media and know-how options for the industrial property and casualty insurance coverage market. The Advisen acquisition coincided with the announcement of Zywave’s new investor relationship with Clearlake Capital Group, L.P. who shares Zywave’s imaginative and prescient to put money into the long-term strategic progress of the corporate, each organically and thru M&A.
“Zywave is committed to bringing industry’s best tech to our partners, empowering them with the tools they need to grow their business,” mentioned Liu. “We will continue to both invest in our existing products, while also enhancing our product portfolio with new acquisitions. At the same time, we are committed to providing extensive technical support and consultative services to our partners to help them succeed.”
For extra data on Zywave, go to www.Zywave.com.
Insurance Technologies Corporation (ITC), based in 1983, supplies web sites, company advertising and marketing, comparative ranking, and administration software program and companies to the insurance coverage trade, together with unbiased brokers and insurance coverage carriers. Headquartered in Carrollton, Texas, ITC is the biggest supplier of insurance coverage company web sites within the United States and powers greater than two million month-to-month auto and residential quotes by means of its comparative rater TurboRater. Currently, ITC serves greater than 250 insurance coverage corporations and greater than 9,000 businesses. For extra data, go to us on-line at GetITC.com.
Zywave leads the insurance coverage tech trade, fueling enterprise progress for its companions with cloud-based gross sales administration, consumer supply, content material and analytics options. Offering a know-how platform embedded with sturdy knowledge and essentially the most complete content material portfolio accessible, we empower smarter enterprise selections all through your complete buyer lifecycle. More than 6,000 carriers, HCM service suppliers, businesses and brokerages worldwide—together with the entire high 100 U.S. insurance coverage corporations—use Zywave options to reinforce consumer companies, obtain enterprise progress and promote larger well being, wellness and security. Additional data could be discovered at www.zywave.com.