Zywave acquires insurtech ITC
Insurance technology provider, Zywave , announced the acquisition of Insurance Technologies Corporation ( ITC ), a provider of marketing, rating, and management software and services to the insurance industry.
“Zywave and ITC share the same goal – to provide the absolute best tech solutions to help insurance professionals succeed in the modern marketplace. 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. ITC’s insurance solutions definitively round out our Sales Cloud with the most robust offering on the market. We are excited to expand our services to provide solutions that meaningfully change how independent agencies operate, regardless of their specialty.” – CEO of Zywave, Jason Liu.
Zywave plans to align and integrate ITC’s products with its Sales Cloud offering, which includes multiple front-of-office solutions that streamline mission-critical workflows to strengthen organic growth. Within the Sales Cloud, ITC’s personal lines rating solution will be a natural complement to Zywave’s exclusive suite of existing market-leading CPQ offerings that enable more efficient and accurate quoting and proposals for employee benefits and commercial lines quoting.
ITC’s AMS will supplement Zywave’s current AMS offering for employee benefits agencies with new options for the management of operations at insurance agencies offering personal and commercial insurance. Additionally, integrations with Zywave’s Content Cloud will provide further differentiation and value to all areas of ITC’s existing product portfolio.
“Our partnership with Zywave marks a truly monumental moment for our joint businesses. 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.” CEO of ITC, Laird Rixford.