Abacus World 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 stated the transfer goals to reinforce its monetary providers platform and broaden prospects’ 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 raised meet purchasers’ wants all through their monetary life cycle.
Abacus chairman and CEO Jay Jackson stated: “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 limitations between safety planning and asset progress.
“This acquisition allows us to ship a really 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 supplies 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 purchasers.
AccuQuote, which has been working within the insurance coverage trade for greater than 4 many years, 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 allows prospects to match 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 stated: “Becoming a member of Abacus permits us to considerably broaden our influence within the insurance coverage market.
“For 4 many years, AccuQuote has targeted on creating transparency and selection for shoppers navigating advanced insurance coverage choices.
“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 purchasers’ monetary wants.”
