Insurance technology provider Zywave acquired Enquiron, a Boston-based provider of risk management and consulting products and services. Financial details of the acquisition were not disclosed.
Founded in 1996, Enquiron serves more than 100 of the top P/C, healthcare and HCM organizations in the United States, Milwaukee-based Zywave said in a statement. Enquiron provides on-demand risk management products and services in human resources, healthcare, retirement, cyber security and more.
Zywave said it plans to align Enquiron’s products, services and user experience within Zywave’s product cloud portfolio. Zywave will leverage Enquiron’s proprietary service offering to boost its existing customer experience and further expand upon its risk management solutions.
“We are incredibly impressed with Enquiron’s combined data, service solutions and processes that result in proven return on investment, long-term relationships and continued growth,” Jason Liu, chief executive officer of Zywave, said in prepared remarks.
“Aligning with a partner like Zywave that has extensive insurance industry experience to understand our customers’ specific needs was of key importance,” Mike Naclerio, chief executive officer of Enquiron, said in prepared remarks.
Over the next several months, Zywave and Enquiron leadership teams will work together on integration operations.
The Enquiron acquisition marks Zywave’s fifth in less than two years with a focus on the insurance industry. In November 2020, Zywave announced the acquisition of two companies: Advisen, the provider of data, media and technology solutions for the commercial property and casualty insurance market, and ITC, a provider of marketing, rating, and management software and services for the insurance industry.
Zywave provides cloud-based sales management, client delivery, content and analytics products and services. More than 15,000 carriers, agencies and brokerages worldwide – including all of the top 100 U.S. insurance brokerages – use Zywave products, the company said.
*A version of this story appeared previously in our sister publication Insurance Journal.