News from Vertafore, Allianz , Europ Assistance and more. (Photo: Shutterstock)

Vertafore acquired MGA Systems, provider of purpose-built software for MGAs. The MGA market has seen consistent growth over the last several years, continuing to expand in the face of headwinds and disruptions across the broader economy with further room for growth. Vertafore’s acquisition of MGA Systems will allow for accelerated investment and innovation in both companies’ solutions to address the evolving needs of insurance professionals.

Allianz partnered with Coalition, headquartered in San Francisco. Allianz provides Coalition with long-term committed capacity for its U.S. cyber insurance programs and will lead Coalition’s U.K. cyber program when it launches later this year. Coalition combines cyber coverage with AI-powered security tools to help customers spot, prevent and respond to cyber risk. Proactive and real-time risk screenings deliver accurate insights on digital risks, while 24/7 access to incident response experts enable organizations to respond to threats at early stage. As a result, customers experience a substantially lower frequency of claims compared to the cyber market average.

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