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ITA Pro Weekly, December 03,2020

Zyware’s Liu talks acquisitions, BrokerTech expands overseas, six tips to insurtech success, and more…

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Hot off the presses!

With two major acquisitions in the last month alone (Advisen and ITC), cloud-based sales tool provider Zywave is on a solid growth trajectory. In this week’s Electronic Chat, Zywave CEO Jason Liu talks about Zywave’s strategy, its plans for the future, and the impact of COVID on the company.

“The main strategy behind all of our acquisitions is to strengthen and supplement our already market-leading portfolio of solutions, while also expanding to serve additional markets. With Advisen, we have the opportunity to significantly enhance our data and content offerings, while also increasing our presence in the U.K. and Europe. With ITC, we will round out our front-office solutions with the addition of a personal lines rating system, as well as an agency management system for personal and commercial lines.”

 

From omnichannel to digital transformation to AI, the InsurTalk podcast from Guidewire brings you expert insights from people who have driven innovation and turned possibilities into realities. Check out the first few episodes, featuring leaders from Aviva Italy, Economical Insurance, WSIB, and Farmers Insurance.

 

BrokerTech Ventures, the first broker-led platform for broker-centric innovation, launches its international expansion by collaborating with the Israeli InsurTech Accelerator operation fueled by the foundational guidance of members from the BrokerTech Ventures leadership team. Partnering with BrokerTech Ventures, the Israeli InsurTech Accelerator will serve as a feeder system into the BrokerTech Ventures U.S. accelerator, which just closed applications last month.

"We believe insurance is global. This relationship is a wonderful first step in that realization. It allows us to explore how our accelerator model resonates with the insurance community outside of the United States," said John Jackovin, BrokerTech Ventures Accelerator Executive Director. "Additionally, we create an opportunity for our BrokerTech Ventures partners to peer into the world of insurtech in Israel, which is a driving force for innovation."

 

In the most recent “Eye of the Storm” blog, a startup owner asks HazardHub CEO Bob Frady what it takes to make it in the world of insurtech. Bob provides a checklist for success that includes – be patient.

“Accept the fact that it’s a very slow road. Insurance years are like reverse dog years. Yes. you can make progress – but you have to plan for an extraordinarily slow process. Insurance loves evolution, not revolution.”

 
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