Customise Consent Preferences

We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.

The cookies that are categorised as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ... 

Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

No cookies to display.

Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

No cookies to display.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

No cookies to display.

Performance cookies are used to understand and analyse the key performance indexes of the website which helps in delivering a better user experience for the visitors.

No cookies to display.

Advertisement cookies are used to provide visitors with customised advertisements based on the pages you visited previously and to analyse the effectiveness of the ad campaigns.

No cookies to display.

Search
Close this search box.

Vertafore acquires Surefyre, expanding its AI capabilities to accelerate MGA growth and innovation

Vertafore acquires Surefyre, expanding its AI capabilities to accelerate MGA growth and innovation

Vertafore® announced that it has acquired Surefyre, an industry leading submission and underwriting workbench platform purpose-built to empower MGAs and wholesalers. This acquisition further strengthens Vertafore’s industry leadership by adding Surefyre’s AI enabled, low-code/no-code solution to Vertafore’s already best-in-class MGA ecosystem of solutions.

Surefyre’s USP 

  1. A modern, fully configurable agent-facing portal that supports the complete policy lifecycle and enhances collaboration between agents and underwriters.
  2. 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.
  3. 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.

Read: GenAI and Fintech: Top 10 Use Cases

Industry Comments

“We are intensely focused on empowering MGAs and wholesalers through technology. 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.”

According to a 2024 Conning Strategy Study, the MGA market is experiencing significant growth, with more than 1,100 MGAs and program administrators writing premiums exceeding $100 billion annually in the U.S. By acquiring Surefyre, Vertafore is strongly positioned to offer the advanced automation and flexible technology solutions MGAs require to stay competitive and thrive in this dynamic market.

“Surefyre’s mission is to push the insurance industry forward with great technology. We’re proud of our team and the impact the platform has had on our customers. Joining forces with Vertafore, an industry leader that shares our vision, is a perfect next step for our product and people. This acquisition creates exciting new opportunities for innovation and growth, allowing us to continue delivering best-in-class insurtech solutions together,” said Alex Bautista, co-founder of Surefyre.

Read: Fintech Marketing: Top 10 Power Strategies to Accelerate Growth

Read: Top 10 Strategies for Effective Fintech Branding

Thanks for reading!

To share your insights with the FinTech Newsroom, please write to us at news@intentamplify.com

Share With
Contact Us
StatCounter - Free Web Tracker and Counter