NowCerts, a supplier of insurance coverage company administration techniques, has purchased US-based insurtech firm 20 Miles.
Monetary phrases of the transaction weren’t disclosed.
20 Miles provides CRM options for the business insurance coverage sector.
NowCerts expects the combination of its administration system with 20 Miles’ workflow automation know-how to offer “vital worth” for its clients.
Insurance coverage professionals can sit up for an end-to-end workflow automation answer that provides extra effectivity, higher buyer engagement and enhanced enterprise processes, it added.
As per the announcement, the acquisition has been within the pipeline for a while, with the businesses collaborating on a brand new product.
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The results of this collaboration is the Fusion Automation Middle, a completely built-in workflow automation platform that’s now being launched.
The 20 Miles crew will change into a part of NowCerts, with 20 Miles CEO Khuram Hussain assuming the function of NowCerts’ chief technique officer.
NowCerts famous: “Synthetic intelligence (AI) and Robotic Course of Automation (RPA) are more and more changing into mainstream in serving to insurance coverage brokers handle their every day workflows. With the addition of [the] new Fusion Automation Middle to Nowcerts, we are going to proceed so as to add new AI and RPA capabilities that end in vital productiveness positive aspects throughout all components of the Nowcerts platform (AMS, Rater, CRM).”
Hussain added: “Managing prospect and shopper relationships is essential for an insurance coverage agent to construct their e book of enterprise and develop their company revenues. By now being a part of NowCerts’ Momentum platform, we will present these capabilities proper the place an insurance coverage agent lives, specifically within the Company Administration System.”
In a latest improvement, NowCerts partnered with Enter 1 to streamline cost processing for insurance coverage brokers and brokers.
