ABL Tech, a subsidiary of Abacus Life, Announces a Preferred Equity Investment in Insured Connect
ABL Technologies, a subsidiary of Abacus Life (NASDAQ: ABL), announced a preferred equity investment in Insured Connect, an insurance data and technology platform. The investment aims to support Insured Connect's growing demand while strengthening Abacus's position in longevity-related technology and insurance product distribution. The partnership focuses on bridging gaps between life insurance distribution, carriers, and policyholders through improved communication and information access.
ABL Technologies, una sussidiaria di Abacus Life (NASDAQ: ABL), ha annunciato un investimento in capitale preferenziale in Insured Connect, una piattaforma di dati e tecnologia assicurativa. L'investimento mira a sostenere la crescente domanda di Insured Connect, rafforzando al contempo la posizione di Abacus nella tecnologia legata alla longevità e nella distribuzione di prodotti assicurativi. La partnership si concentra sul colmare le lacune tra la distribuzione di assicurazioni sulla vita, i fornitori e gli assicurati attraverso un miglioramento della comunicazione e dell'accesso alle informazioni.
ABL Technologies, una subsidiaria de Abacus Life (NASDAQ: ABL), anunció una inversión de capital preferente en Insured Connect, una plataforma de datos y tecnología en seguros. La inversión tiene como objetivo apoyar la creciente demanda de Insured Connect mientras fortalece la posición de Abacus en tecnología relacionada con la longevidad y en la distribución de productos de seguros. La asociación se centra en cerrar brechas entre la distribución de seguros de vida, las aseguradoras y los asegurados a través de una mejor comunicación y acceso a la información.
ABL Technologies는 Abacus Life (NASDAQ: ABL)의 자회사로, 보험 데이터 및 기술 플랫폼 Insured Connect에 대한 우선주 투자를 발표했습니다. 이 투자는 Insured Connect의 증가하는 수요를 지원하고 Abacus의 노후 관련 기술 및 보험 상품 분배에서의 입지를 강화하는 것을 목표로 하고 있습니다. 파트너십은 생명 보험 분배와 보험사, 보험 가입자 간의 격차를 줄이는 데 중점을 두고 있으며, 개선된 커뮤니케이션과 정보 접근을 통해 이를 실현합니다.
ABL Technologies, une filiale de Abacus Life (NASDAQ: ABL), a annoncé un investissement en capitaux préférentiels dans Insured Connect, une plateforme de données et de technologie en assurance. Cet investissement vise à soutenir la demande croissante d'Insured Connect tout en renforçant la position d'Abacus dans les technologies liées à la longévité et dans la distribution de produits d'assurance. Le partenariat se concentre sur le comblement des lacunes entre la distribution d'assurance vie, les assureurs et les assurés grâce à une communication améliorée et un meilleur accès à l'information.
ABL Technologies, eine Tochtergesellschaft von Abacus Life (NASDAQ: ABL), hat eine Investition in Vorzugsaktien in Insured Connect, eine Plattform für Versicherungsdaten und -technologie, angekündigt. Die Investition zielt darauf ab, die wachsende Nachfrage von Insured Connect zu unterstützen und gleichzeitig die Position von Abacus im Bereich der Langlebigkeits-Technologie und der Verteilung von Versicherungsprodukten zu stärken. Die Partnerschaft konzentriert sich darauf, die Lücken zwischen der Distribution von Lebensversicherungen, Versicherungsträgern und Policeninhabern durch verbesserte Kommunikation und Informationszugang zu schließen.
- Strategic investment in insurance technology platform expands ABL's market presence
- Partnership enhances company's technological capabilities in life insurance sector
- Investment supports growth in longevity-related technology and distribution channels
- None.
Insights
This strategic preferred equity investment marks a significant move for ABL Tech in expanding its technology ecosystem. The partnership with Insured Connect could enhance ABL's market position in the insurance technology sector by improving data management capabilities and streamlining distribution channels.
While specific financial terms weren't disclosed, this investment aligns with ABL's growth strategy in the insurtech space. The potential synergies between ABL Tech's mortality data management platform and Insured Connect's distribution technology could create new revenue streams through improved policy sales and operational efficiencies.
For a company with a market cap of
The integration of ABL Tech's mortality data management capabilities with Insured Connect's distribution platform presents significant technological synergies. This partnership could create a comprehensive insurtech ecosystem that addresses key industry pain points:
- Enhanced data connectivity between carriers and distributors
- Improved mortality data reconciliation
- Streamlined policy management workflows
- Advanced analytics capabilities for better risk assessment
The combined technology stack could potentially revolutionize how insurance products are distributed and managed, leading to increased operational efficiency and improved customer experience in the insurance sector.
ORLANDO, Fla., Nov. 27, 2024 (GLOBE NEWSWIRE) -- ABL Technologies, LLC (“ABL Tech”), a groundbreaking technology platform that revolutionizes how organizations manage and reconcile mortality data, and a subsidiary of Abacus Life, Inc. (“Abacus”) (NASDAQ: ABL), today announced it is providing a preferred equity investment to Insured Connect, an insurance data and technology platform that connects carriers, distributors and agents. This investment will enable Insured Connect to meet the growing demand for its innovative data & technology, while solidifying Abacus’s growth in innovative technology related to longevity and distribution of new insurance products.
“I’m excited to further strengthen Abacus’ dedication to data-driven innovation in the life insurance sector,” said Jay Jackson, Chairman and CEO of Abacus Life. “Insured Connect’s technology will bridge the gap between life insurance distribution, carriers, and policyholders, fostering better communication, improved access to information, and driving new policy sales.”
“We’re thrilled to partner with ABL Tech in this investment,” said Rick Hyde, President of Insured Connect. “As a technology-enabled pioneer in the longevity and lifespan space, ABL Tech represents the perfect partner for Insured Connect to continue to deliver our innovative insurance technology solutions and we are excited with what we can bring to the table.”
About ABL Tech
ABL Tech is a premier provider of sophisticated data, technology, and analytics solutions specifically tailored to identify mortality events and facilitate the connection of beneficiaries with their rightfully due benefits.
ABL Tech’s state-of-the-art platform empowers a wide array of clients, including businesses and pension plans, to meticulously track, analyze, and subsequently improve their management practices and risk evaluation processes concerning pensioners, beneficiaries, and policyholders.
Through its dedication to innovation and client-centric approach, ABL Tech is committed to enhancing the efficiency and effectiveness of mortality data management and analytics, thereby supporting a diverse range of industries and organizations across the nation in achieving their operational objectives.
About Abacus
Abacus is a pioneering global alternative asset manager and market maker specializing in uncorrelated financial products. The company leverages its proprietary, cutting-edge longevity data and actuarial technology to purchase life insurance policies from consumers seeking liquidity. This creates a high-return asset class uncorrelated to market fluctuations for institutional investors.
With nearly
Abacus is expanding its leading expertise in longevity and lifespan into new growth areas:
- ABL Wealth - Leverages decades of data and proprietary algorithms to offer longevity-based wealth management platforms that enable financial advisors to create customized plans and provide access to uncorrelated investments.
- ABL Tech - A groundbreaking technology service that delivers advanced real-time data tracking and analysis for pension funds, governments, insurance companies, retirement associations, and more.
Through each new channel, Abacus is revolutionizing the future of asset management and financial planning, centered on longevity and lifespan.
About Insured Connect
Insured Connect is the first insurance technology company to leverage life and annuity data to connect Carriers with Policy Owners, helping them save money, increase revenue and meet compliance standards.
Insured Connect makes it easy for Carriers to directly connect with Policy Owners and other stakeholders by leveraging life and annuity data in an actionable way that creates opportunities for greater revenue and customer engagement while ensures compliance.
Insured Connect's simple, turnkey approach enables Carriers to put their data to work quickly without the need for complicated integration. Carriers benefit from a proven, cloud based platform that supports multiple distribution channels, while reducing costs and providing a better customer experience.
With full control over communications, Carriers not only meet industry regulations, but they also increase opportunities for new revenues through customer-centric engagement and marketing capabilities.
Contacts:
Investor Relations
Robert F. Phillips – SVP Investor Relations and Corporate Affairs
rob@abacuslife.com
(321) 290-1198
David Jackson – IR/Capital Markets Associate
djackson@abacuslife.com
(321) 299-0716
Abacus Life Public Relations
press@abacuslife.com
FAQ
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