iptiQ acquires AccuQuote to bolster insurance offering

Swiss Re’s InsurTech iptiQ has acquired US-based AccuQuote to offer a range of B2B sales capabilities to new and existing distribution partners.

The acquisition will enable partners of iptiQ who need support around sales solutions to access these capabilities via iptiQ in the future. Illinois-based AccuQuote, which was founded in 1994, has been working closely with iptiQ since 2017.

Created by Swiss Re, iptiQ is a global risk-technology company which provides a digital insurance platform, underwriting capabilities, and life and health insurance products. AccuQuote is a life insurance quoting and brokerage firm founded in 1994, with a vision to simplify the life insurance buying experience.

iptiQ and AccuQuote agreed to not disclose any financial details of the transaction. The acquisition has received all necessary regulatory approvals.

Phil Walker, CEO, iptiQ Americas, said, “The acquisition of AccuQuote was a strategic decision for us. By adding sales solution capabilities with this acquisition, we expect existing and new B2B partners to benefit more from our relationship.”

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