The move marks a significant milestone for KAP, bringing its total number of Platform Partners to an impressive 20.
The strategic acquisition aims to integrate LifeQuotes, a trailblazing life insurance price comparison service, into KAP’s dynamic ecosystem.
KAP is a rapidly growing insurance brokerage platform that acquires and partners with independent insurance agencies throughout the United States. Founded in 2020 in partnership with Keystone Insurers Group, Inc. and affiliates of Bain Capital, LP, the firm provides best-in-class services and capital investment, unlocking potential for profitable growth within its Platform agencies.
LifeQuote is an InsurTech pioneer that operates as a life insurance price comparison service. The platform allows self-directed life insurance shoppers to instantly access quotes from 50 highly-rated life insurers and purchase policies online in a paperless manner.
Bob Bland, CEO of LifeQuotes, expressed his enthusiasm about the acquisition, stating, “Joining forces with Keystone Agency Partners opens up new avenues for growth and innovation. We are excited to contribute our expertise to KAP’s dynamic ecosystem and continue our mission of providing accessible life insurance solutions to customers nationwide.”
KAP’s Chief Acquisition Officer, Dan Girardi, echoed the sentiment, saying, “LifeQuotes brings a wealth of experience and technological innovation to our family of Platforms. This acquisition aligns seamlessly with our commitment to offering diverse and customer-centric insurance solutions. We are thrilled to welcome LifeQuotes to the KAP family.”
Keep up with all the latest FinTech news here.
Copyright © 2024 FinTech Global.