Insurtech Zywave swoops for software maker ClarionDoor

Insurtech Zywave swoops for software maker ClarionDoor | Insurance Business America

Insurtech Zywave swoops for software maker ClarionDoor

Zywave has acquired ClarionDoor, a California-based developer of commercial product distribution software.

The acquisition boosts the capabilities of Zywave and its subsidiary Web Connectivity Ltd (WCL) in the end-to-end configure, price and quote (CPQ) technology space.

WCL’s enabled placing product is being used by London market insurers to aggregate placements from both London- and US-based placing platforms, providing underwriters with a single, consolidated view of their digital placements.

“The partnership with ClarionDoor allows support of the full end-to-end placement process including automation of the price and quote processes,” said James Willison, managing director of WCL.

ClarionDoor was founded in 2010 and is based in Santa Barbara, Calif. It serves more than 70 insurers, MGAs, brokers, and program administrators globally, across all commercial lines. Its products include cloud-native, API-first, no-code, software-as-a-service rating engines.

“What makes this partnership so exciting for ClarionDoor and our customers is that ClarionDoor and Zywave share a more open, collaborative and tech-enabled vision for insurance distribution,” said Michael DeGusta, CEO of ClarionDoor. “Together, we will fundamentally transform the way insurance organizations do business.”

The acquisition of ClarionDoor is the latest in Zywave’s series of deals that broaden its investment in the insurance distribution, quoting and proposal process. Previous acquisitions include IBQ Systems (2021), Insurance Technologies Corporation (2020), RateFactory (2019), and Code SixFour (2018).

“Digital quoting is one of the fastest-growing categories within the insurance industry,” said Jason Liu, CEO 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.”