Insurtech Zywave acquires digital distribution provider ClarionDoor
Insurtech Zywave has acquired ClarionDoor, a provider of product distribution software for the property and casualty (P&C) market.
Zywave said ClarionDoor’s digital distribution solution for carriers and MGAs solidifies its position in end-to-end CPQ technology, from rating and quoting through presentation to binding and issuance.
The ClarionDoor acquisition is the latest in a series of several by Zywave over the last few years. Previous acquisitions in this space include IBQ Systems (2021), Insurance Technologies Corporation (2020), RateFactory (2019), and Code SixFour (2018).
“Digital quoting is one of the fastest growing categories within the insurance industry,” said Jason Liu (pictured), chief executive officer of Zywave. “ Zywave has doubled down in this space, becoming the first insurtech provider to offer CPQ solutions across all lines of business. With the acquisition of ClarionDoor, we also gain an exclusive distribution technology for carriers.”
Founded in 2010, ClarionDoor serves more than 70 customers globally across all P&C lines, ranging from traditional lines to emerging markets.
“For far too long, typical insurance systems focused entirely on the back office and neglected the insurer’s needs of developing innovative products and getting them out to the marketplace,” said Michael DeGusta, ClarionDoor’s chief executive officer. “What makes this partnership so exciting for ClarionDoor and our customers is that ClarionDoor and Zywave share a more open, collaborative and tech-enabled vision for insurance distribution. Together, we will fundamentally transform the way insurance organizations do business.”
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