Fiserv Inc. has acquired Xcipio Inc., a Web-based insurancerating and automation solution provider, as part of its stated planto expand its technological footprint in the insuranceindustry.


According to Brookfield, Wis.-based Fiserv, the acquisition willallow it to provide Web-based comparative insurance rates directlyfrom insurance carriers to producers in real time. Details of thetransaction, which closed Nov. 1, were not disclosed.


Xcipio, located in East Windsor, Conn., provides Web-based,real-time rating and automation solutions to insurance agents,brokers and carriers in Connecticut, said Fiserv. Xcipio willoperate as a division of FSC Insurance Solutions, a Fiserv businessunit.


FSC, headquartered in Agoura Hills, Calif., is a full-serviceprovider of personal lines rating solutions for the insuranceindustry. Fiserv provides information management systems andservices to the financial and health benefits industries, includingtransaction processing, outsourcing, business process outsourcing,and software and systems solutions.

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