Retail insurance platform ALKEME has acquired Insurance Online, a digital insurance comparison engine, providing real-time rates and insurance services.
Based in California, ALKEME said it helps insurance brokerages realise sustainable growth and success through the creative use of innovation, shared services, consultation, and marketing.
Insurance Online leverages artificial intelligence and machine learning to compare the lowest auto and home insurance rates, allowing customers to obtain instant coverage without agent assistance. The company has over 100,000 clients.
Curtis Barton, CEO of ALKEME, said, “Insurance Online and their proprietary quote, bind and issue technology is a perfect fit for ALKEME, as we embrace the latest and greatest in insurance technology to help our partner agencies grow.”
Chris Lizarde, CEO of Insurance Online, added, “As part of the ALKEME family, we have the opportunity to expand our resources for our technology, our clients and our employees… This relationship will help expand our reach, our innovation and our passion with more customers and markets.”
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