Zywave acquires Clariondoor
Zywave announced the acquisition of ClarionDoor , “provider of the most intelligent insurance product distribution software available to the property and casualty market.” Together with Zywave’s existing configure, price, quote solutions for insurance agencies and brokers, ClarionDoor’s digital distribution solution for carriers and MGAs solidifies Zywave as the “industry leader in end-to-end CPQ technology, from rating and quoting through presentation to binding and issuance.”
Founded in 2010, ClarionDoor serves more than 70 customers globally across all P&C lines, ranging from traditional lines to emerging markets. ClarionDoor’s mature insurtech solutions provide one of the first ever cloud-native, API-first, no-code, software as a service rating engines.
“Digital quoting is one of the fastest growing categories within the insurance industry. Zywave has doubled down in this space, becoming the first insurtech provider to offer CPQ solutions across all lines of business. With the acquisition of ClarionDoor, we also gain an exclusive distribution technology for carriers.” – Jason Liu, CEO of Zywave.
“For far too long, typical insurance systems focused entirely on the back office and neglected the insurer’s needs of developing innovative products and getting them out to the marketplace. What makes this partnership so exciting for ClarionDoor and our customers is that ClarionDoor and Zywave share a more open, collaborative and tech-enabled vision for insurance distribution. Together, we will fundamentally transform the way insurance organizations do business.” – Michael DeGusta, ClarionDoor’s CEO.
