Abacus acquires AccuQuote
Financial services company Abacus Global Management announced the acquisition of digital life insurance broker AccuQuote Insurance.
During four decades, AccuQuote has helped nearly 350,000 families secure coverage, writing $156 billion in life insurance policy benefits, and generating almost $340 million in lifetime premiums.
In 2021, Swiss Re acquired AccuQuote through its subsidiary iptiQ. Last year, iptiQ CEO Rob Burr outlined plans to put iptiQ’s Americas carrier business into run-off, stop onboarding new partners, and halt new business with existing partners.
“The acquisition of AccuQuote further expands the breadth of our financial services platform. By integrating their specialized digital insurance marketplace with our wealth management capabilities, we’re eliminating traditional barriers between protection planning and asset growth. This acquisition enables us to deliver a truly integrated approach that addresses both wealth accumulation and preservation needs throughout the Abacus client lifecycle.” – Jay Jackson, Chairman and Chief Executive Officer of Abacus.
“Joining Abacus allows us to significantly expand our impact in the insurance marketplace. For four decades, AccuQuote has focused on creating transparency and choice for consumers navigating complex insurance decisions. Now, as part of Abacus’ ecosystem, we can extend our technological capabilities while connecting insurance solutions to broader wealth strategies—fulfilling our commitment to evolve alongside our clients’ financial needs.” – Jeremy Hewett, Chief Executive Officer of AccuQuote.
