Shift Insurtech has been acquired by Uncharted, an insurance distribution platform, to create a combined business.
The deal will see Shift’s insurance platform and engineering team join the Uncharted distribution platform and global operations, according to a report from Insurance Business.
Uncharted’s CEO Nick Macey believes Shift’s core infrastructure will act as a basis for the future of insurance. Shift has designed an insurance platform which helps insurers, MGAs, brokers and agents to digitalize their operations.
Clients can use the technology to access a real-time comparison and underwriting engine, customise front-end sales solutions, optimise onboarding, automate quoting and improve marketing efforts. The solution can be integrated with existing technology.
Uncharted is looking to continue developing its enterprise B2B platform.
The company is an insurance distribution platform which offers various solutions to help insurers with comparison, quotes, payments, binding and issuing. Uncharted offers various solutions including BrokerHub, an online brokerage solution, CoverHub, a data-driven customer acquisition solution and BizHub, a business risk management service.
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