Abacus International Administration has introduced the acquisition of AccuQuote, a supplier of on-line life insurance coverage brokerage providers.
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 providers platform and broaden prospects’ entry to insurance coverage choices.
The corporate views the acquisition as a chance to create synergies and reinforce its dedication to complete wealth administration options.
By incorporating AccuQuote’s platform, Abacus goals to raised meet shoppers’ 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 providers 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 allows us to ship a very built-in method that addresses each wealth accumulation and preservation wants all through the Abacus consumer life cycle.”
Abacus International Administration is listed on NASDAQ and gives different asset administration and data-driven wealth options.
The corporate focuses on longevity-based property and personalised monetary planning, utilizing in-house knowledge analytics to optimise monetary outcomes for shoppers.
AccuQuote, which has been working within the insurance coverage trade for greater than 4 many years, claims to have assisted practically 350,000 households in securing life insurance coverage.
It has written $156bn in insurance coverage coverage advantages and generated $340m in premiums.
The corporate allows prospects to check insurance coverage quotes from a number of carriers by way of 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 increase our influence within the insurance coverage market.
“For 4 many years, AccuQuote has centered on creating transparency and selection for shoppers navigating complicated insurance coverage selections.
“Now, as a part of Abacus’ ecosystem, we will lengthen our technological capabilities whereas connecting insurance coverage options to broader wealth methods – fulfilling our dedication to evolve alongside our shoppers’ monetary wants.”
