Zywave, a sales management and client delivery solutions insurtech, has acquired carrier quote rating engine RateFactory to integrate small group quoting into its product suite. The company said the acquisition will help it provide more accurate pricing for customers who are looking for insurance quotes from their mobile devices. Once the deal closes, Zywave will absorb RateFactory’s client base and staff. Until then, RateFactory will continue to distribute its products and services.
Zywave, a sales management and client delivery solutions insurtech, has acquired carrier quote rating engine RateFactory to integrate small group quoting into its product suite. RateFactory’s capacity will improve the accuracy and efficiency of Zywave’s small group quoting, and allow brokers to generate individual rates for clients. Once the deal closes, Zywave will absorb RateFactory’s client base and staff. Until then, RateFactory will continue to distribute its products and services.