18 November 2020Insurance

Insurtech Zywave acquires P&C data firm Advisen for global expansion

Insurtech Zywave has acquired commercial property & casualty insurance market data provider Advisen to further expand its portfolio and position in the US and European P&C market.

Advisen, backed by investment firm Clearlake Capital and headquartered in New York City with additional offices in the UK and Philippines, provides P&C-focussed data, media and technology solutions.

Zywave will leverage Advisen’s data offering to enhance its existing insurance database, and plans to further expand upon its data analytics and benchmarking tools.

Insurance technology provider Zywave said it seeks to invest in long-term strategic growth, both organically and through M&As.

Advisen marks Zywave’s largest acquisition to date and fourth in over two years.

Jason Liu, chief executive officer of Zywave, said: “Not only does the Advisen acquisition further broaden and deepen our product portfolio, but it also significantly bolsters our ongoing expansion into both the P&C and international markets.”

Eric Rentsch, senior vice president of product management for Zywave, added: “The combination of Zywave’s existing database with Advisen’s loss and policy data will offer insurance professionals the most unique corporate risk profiles available. These insights will help inform smarter, more strategic business decisions.”

Ron Adiel, chief executive officer of Advisen, commented: “I’m confident this is the right move for our company for all the right reasons, in particular, the strategic synergies across all our businesses. We look forward to achieving even greater growth as a combined entity.”

Already registered?

Login to your account

To request a FREE 2-week trial subscription, please signup.
NOTE - this can take up to 48hrs to be approved.

Two Weeks Free Trial

For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Elliot Field at efield@newtonmedia.co.uk or Adrian Tapping at atapping@newtonmedia.co.uk


More on this story

Insurance
6 December 2021   The acquisition is the latest in a series of several by Zywave over the last few years.
Insurance
17 November 2020   A panel of insurance industry experts share how they embraced robotic process automation and artificial intelligence at their firms to streamline first notice of loss systems.
Insurance
16 November 2020   ‘Bureaucracy was thrown out of the window’ as insurers faced change or die ultimatum, delegates heard at the Intelligent Insurer Claims Innovation USA virtual event.