Enservio, a property insurance analytics, affinity marketing and claims solutions provider, announced that the company has entered into a definitive agreement to acquire Insurers World.
Together, Enservio and Insurers World will be able to offer property insurers a full range of solutions from strategic analytics to claims software and services nationally. As a combined entity, Enservio provides solutions to 12 of the largest property insurers in the nation, has over 300 insurer customers and over 450 employees nationally.
“Insurers World is an excellent company with strong management, great products, and similar values, and we have watched and admired them for years,” said Jon McNeill, CEO of Enservio. “This is a great day for both companies. We are thrilled to welcome Insurers World into the Enservio family. Over the years, we’ve developed a great deal of respect for the Insurers World professional team and their capabilities. This acquisition doubles the value we bring to our customers and doubles our geographic footprint in our claims services business.”
Don Stafford of Insurers World echoed the same, “We are thrilled to be joining Enservio and to benefit from their continued drive to create real innovation and efficiencies in the industry, including their enterprise Software as a Service (SaaS) platform. Together, we’ll not only provide our customers with the same unparalleled service levels, but also offer them a broader range of industry-changing solutions like the ReStoreMall and ReStoreCard.”
With this acquisition, Insurers World will retain its distinct brand identity, while strengthening and complementing Enservio. Insurers World will continue to be based in Canton, Massachusetts.
Source: Enservio and Insurers World
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