ReSource Pro, which providers business process solutions for the insurance industry, has acquired Boston-based towerIQ, a property and casualty (P&C) insurance focused technology platform.
towerIQ is an enterprise SaaS platform providing robust communication, data insights and exposure gathering for the commercial insurance industry. The software aims to improve agent and broker efficiency as well as policyholder satisfaction by replacing outdated and inconsistent communication with a more simplified interface.
ReSource Pro said the addition of towerIQ will help its mission of “insurance transformation” by allowing its clients to optimise their data and improve productivity, especially across middle to large market, complex and specialty commercial accounts.
The transaction, which closed on June 24, 2022, is the latest in a series of insurance industry acquisition made by ReSource Pro.
Dan Epstein, CEO of ReSource Pro, said, “The towerIQ platform allows us to work better with client data and deliver faster and more accurate solutions for our customers. For many of our clients, towerIQ will provide a transformative capability to leverage insured data to better manage complex risks.”
TowerIQ raised $2m in seed funding in 2018.
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