IVANS, a division of Applied Systems, has announced that it has acquired Ask Kodiak, an insurtech offering commercial lines market appetite and search capabilities for the independent agency channel.
The acquisition will bolster IVANS’s commercial lines connectivity capabilities, specifically IVANS Distribution Platform, the company said.
“Our investment in Ask Kodiak furthers our mission to expand the IVANS data superhighway, creating a more connected and valuable digital ecosystem of insurance,” said Reid Holzworth, CEO of IVANS. “Merging Ask Kodiak with the IVANS Distribution Platform will combine the industry’s most robust appetite management and communication tool and the industry’s broadest distribution platform to enable agents, MGAs, carriers and partners to digitize the end-to-end commercial lines policy lifecycle and provide additional opportunities to more broadly connect across more lines of business.”
IVANS will integrate Ask Kodiak’s market search and appetite communication technology with IVANS Distribution Platform, allowing carriers to define and manage appetite in real-time. Agents using commercial quoting solutions supported by the platform will now have access to Ask Kodiak’s appetite matching capabilities to place more of their commercial lines business.
IVANS will also maintain Ask Kodiak’s current integrations to expand the company’s ecosystem of insurtech partners and deepen current integrations with existing partners, the company said.
“At Ask Kodiak, our mission has always been about helping carriers and agents write more of the risks they want to write, faster and easier,” said Michael Albert, co-founder of Ask Kodiak. “Now with the resources of IVANS behind us, we’ll be able to scale our capabilities and provide our customers with access to the industry’s broadest distribution platform so they can write even more risks with speed and accuracy, further supporting our growth goals.”