Wauwatosa-based insurtech company Zywave announced that is has acquired Santa Barbara, California-based ClarionDoor, a provider of insurance product distribution software for rating, quoting and issuance.
Founded in 2010, ClarionDoor serves more than 70 customers globally across all property and casualty insurance lines.
Terms of the deal were not disclosed.
“Digital quoting is one of the fastest growing categories within the insurance industry,” said Jason Liu, 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.”
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