Vertafore Acquires Surefyre to Expand Offerings for MGA Growth

Insurance software-as-a-service provider Vertafore said it has acquired Surefyre, a submission and underwriting platform for managing general agencies and wholesalers.

The deal’s financial terms were not disclosed.

Denver-based insurtech Vertafore said Surefyre’s artificial intelligence-enabled solution will be added to Vertafore’s ecosystem of MGA solutions to accelerate speed to market, reduce costs, and boost revenue.

San Francisco-based Surefyre’s cloud-based technology platform includes:

• A modern, fully configurable agent-facing portal that supports the complete policy lifecycle and enhances collaboration between agents and underwriters.
• An underwriter workbench that enables MGAs to rate and quote specialty P/C business seamlessly across systems, driving efficiency and prioritizing the most profitable opportunities.
• AI-powered solutions, including automated agent portal configuration to accelerate speed to market and additional AI-driven features to streamline the submission and risk selection process.

“With the addition of Surefyre’s platform, we are setting a new standard for speed to market, operational efficiency, and growth in the MGA space,” said Amy Zupon, CEO of Vertafore. “This acquisition builds on the successful acquisition of MGA Systems two years ago and is a continuation of our deep commitment to supporting MGAs with technology that enables and powers their success.”

Topics
Mergers & Acquisitions
Insurance Wholesale

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