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 stated the transfer goals to boost its monetary companies 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 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 development.
“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 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 knowledge analytics to optimise monetary outcomes for purchasers.
AccuQuote, which has been working within the insurance coverage trade for greater than 4 a long time, 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 match insurance coverage quotes from a number of carriers via 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 increase our affect within the insurance coverage market.
“For 4 a long time, AccuQuote has centered on creating transparency and selection for customers navigating advanced 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 purchasers’ monetary wants.”
