Abacus World Administration has introduced the acquisition of AccuQuote, a supplier of on-line life insurance coverage brokerage companies.
This acquisition will combine AccuQuote’s digital distribution capabilities with Abacus’ experience in monetary planning and asset administration.
Abacus mentioned the transfer goals to reinforce its monetary companies platform and broaden clients’ entry to insurance coverage choices.
The corporate views the acquisition as a possibility to create synergies and reinforce its dedication to complete wealth administration options.
By incorporating AccuQuote’s platform, Abacus goals to higher meet purchasers’ wants all through their monetary life cycle.
Abacus chairman and CEO Jay Jackson mentioned: “The acquisition of AccuQuote additional expands the breadth of our monetary companies platform.
“By integrating their specialised digital insurance coverage market with our wealth administration capabilities, we’re eliminating conventional boundaries between safety planning and asset progress.
“This acquisition permits us to ship a very built-in method that addresses each wealth accumulation and preservation wants all through the Abacus consumer life cycle.”
Abacus World Administration is listed on NASDAQ and offers various asset administration and data-driven wealth options.
The corporate focuses on longevity-based belongings and personalised monetary planning, utilizing in-house information analytics to optimise monetary outcomes for purchasers.
AccuQuote, which has been working within the insurance coverage business for greater than 4 a long time, claims to have assisted almost 350,000 households in securing life insurance coverage.
It has written $156bn in insurance coverage coverage advantages and generated $340m in premiums.
The corporate permits clients to check insurance coverage quotes from a number of carriers by a single platform, providing a streamlined course of for acquiring protection.
AccuQuote CEO Jeremy Hewett mentioned: “Becoming a member of Abacus permits us to considerably develop our influence within the insurance coverage market.
“For 4 a long time, AccuQuote has centered on creating transparency and selection for customers navigating complicated insurance coverage selections.
“Now, as a part of Abacus’ ecosystem, we are able to prolong our technological capabilities whereas connecting insurance coverage options to broader wealth methods – fulfilling our dedication to evolve alongside our purchasers’ monetary wants.”
