Allianz X is partnering with Coterie Insurance, a tech-enabled, data-powered managing general agent specializing in property and casualty commercial insurance products for small to mid-size business owners in the United States. Coterie’s advanced technology ensures ease of use for policyholders and distribution partners alike, and 65% of the company's policies are bound within 24 hours of the first touchpoint.
Applied Systems has acquired Cytora to accelerate Applied’s vision of delivering the Next Generation of the Digital Roundtrip of Insurance. Cytora’s AI-enabled risk digitization platform combined with Applied’s suite of insurance solutions for agencies, carriers and MGAs will create intelligent automation, connectivity and collaboration at each stage of the policy life cycle.
SageSure acquired Gemini Financial Holdings Corporation and its subsidiaries, including Olympus MGA Corp. Olympus MGA, one of the top underwriting franchises in Florida, is the managing general agent for Olympus Insurance Company, a leading Florida property insurer that serves the mass-affluent homeowners segment. The strategic acquisition enhances SageSure’s position in the Florida property insurance market, resulting in a combined 130,000 in-force policies, $700 million in gross written premium and a network of 1,500 independent agents across the state.
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