Abacus Global Management, a financial services company specialising in alternative asset management and data-driven wealth solutions, has acquired AccuQuote, a leading online life insurance brokerage company.
The acquisition strengthens Abacus’s financial services platform and broadens access to digital insurance solutions across the United States, according to InsurTech Insights.
The deal, which underscores Abacus’s strategy to deliver a more integrated suite of financial services, aims to combine the firms’ complementary strengths.
Although the value of the transaction has not been disclosed, the acquisition is positioned to expand Abacus’s reach in the insurance and wealth management markets.
Founded over four decades ago, AccuQuote provides consumers with an online platform to compare life insurance quotes from multiple providers.
Since its inception, the company has assisted nearly 350,000 families in securing coverage, writing more than $156bn in life insurance policy benefits, and generating approximately $340m in lifetime premiums.
Abacus Global Management focuses on financial planning, alternative asset management, and longevity-based solutions. Its platform combines proprietary data analytics and technology innovation to deliver personalised financial outcomes. The company’s expertise in longevity assets positions it to integrate AccuQuote’s insurance marketplace into a broader wealth and protection offering.
The integration will enable Abacus to leverage AccuQuote’s digital distribution network and established customer base.
According to the company, the combination is expected to drive incremental revenue growth by monetising inquiries from policyholders who may not qualify to sell their current life insurance policies.
Abacus chairman and chief executive officer Jay Jackson said, “By integrating AccuQuote’s specialized digital insurance marketplace with our wealth management capabilities, we are eliminating traditional barriers between protection planning and asset growth. This acquisition enables us to deliver a truly integrated approach that meets both wealth accumulation and preservation needs throughout the Abacus client lifecycle.”
AccuQuote chief executive officer Jeremy Hewett said, “For four decades, AccuQuote has focused on creating transparency and choice for consumers navigating complex insurance decisions. Now, as part of Abacus, we can extend our technological capabilities and connect insurance solutions to broader wealth strategies, fulfilling our commitment to evolve alongside our clients’ financial needs.”
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