The acquisition expands the vendor’s product depth, growth potential while bringing domain knowledge as insurers seek voluntary benefit growth underpinned by successful digital and business transformation.
With 3,000 independent agents already offering its product to consumers, the new funding round led by Advance Venture Partners will be used to expand geographically and support continued growth.
With $145 million in total funding to date, Bestow says it will launch innovative products, scale platform services, and accelerate growth into new distribution channels and partnerships.
The startup says its AI-driven lifestyle index will be able to identify and determine the most relevant and appropriate client-base in minutes.
The acquisition will enable growth and expansion of Convergent’s flagship offering, the UV Cloud pricing and trading platform.
The integrated modules provide digital, end-to-end experience and advanced self-sufficiency for agents and brokers.
The key to increasing life insurance sales in today’s market is creating digital native life insurance products, leveraging technology to redefine the customer journey, and embracing an innovative perspective in a D2C market.
The partnership combines LexisNexis’ Risk Classifier model with ExamOne’s accelerated medical solution historical lab testing and prescription information.
IIR talks with Majesco CEO Adam Elster and Thoma Bravo partner A.J. Rohde about how private ownership has opened a path for the insurance core system/platform software company to rapidly evolve.
Built for the life and annuities industry, ProductHub can deliver as much as a 30 percent reduction in time to market, and as much as a 25 reduction in carrier product development costs, according to the vendor.