Around the P&C insurance industry: Feb. 5, 2020

News from Aon, Marsh & McLennan, ITC and more. (Photo: Shutterstock)

Insurance Technologies Corporation (ITC), a provider of websites, marketing, comparative rating and management software and services, announced it has acquired Agency Matrix, an insurance technology provider. Founded in 2004, Agency Matrix’s product offerings include its agency management system, insurance agency websites, document management, and a virtual employee. The acquisition of Agency Matrix will extend ITC’s agency management system offering.

Novidea, the data-driven insurance distribution platform, today announces its new partnership with Xceedance, a global provider of insurance consulting, managed services, technology, data sciences, and blockchain solutions, that will allow Novidea to increase its global reach and services. Novidea provides a core cloud-based platform, connecting all insurance distributors to a modern, digital and data-driven insurance ecosystem, which leverages the Salesforce Cloud and artificial intelligence (AI). Novidea drives digital transformation for brokers, agents, MGAs and insurers, through powerful data analytics, digital customer engagement and a specialized insurance CRM.