Quility takes funding from F&G to fuel tech on its life platforms
Quility, a life insurance sales and agency insurtech, will take major new funding from F&G Annuities & Life (F&G) to fuel tech growth across its platforms.
Quility said that the investment aims to develop its technology, automation, and leads platform. The investment will also enable Quility to further expand its sales channels through its Symmetry Financial Group, Quility B2B (including wholesale and affinity), and direct to consumer (DTC) distribution networks.
Sides did not reveal the size of the funding, but Quility called the move a “significant investment.”
Brandon Ellison, co-founder and CEO of Quility, said: “F&G’s investment will expedite the innovative technology that has become synonymous with the Quility brand. This is a meaningful step in our mission to transform the way life insurance is bought and sold.”
Chris Blunt, CEO of F&G Annuities & Life, commented: “F&G's investment in Quility aligns with our own diversified tech-enabled strategy, while providing Quility the capacity to drive growth and secure its position as a leading insurtech company. We are excited to partner with Quility as they embark on developing an innovative operating platform built with Generative AI capabilities to enhance and simplify the end-to-end insurance policy experience for agents and customers.”
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