March 19, 2019 09:30
iPipeline, a us provider of software using the technology of cloud computing for the financial services sector, announced that it had acquired Bluesun, a assurtech located in Burlington, Ontario.
In a press release, iPipeline said that Bluesun has a client base that includes 70 % of all life insurers and general agents canadian. The products of Bluesun are designed to automate the basic process of the general agents, national accounts, brokers, mutual funds, banks and insurance companies.
The company’s acquisition enables iPipeline to broaden its geographical scope. “For more than 10 years, iPipeline is committed to strategic acquisitions that increase of the cumulative value for the life insurance sector and financial services. Canada is in our sights for years and the acquisition of Bluesun allows us to extend our presence in a geographical area focused on the digital transformation, ” emphasizes Larry Berran, coo / cfo, iPipeline.
“The acquisition of Bluesun gives us the opportunity to combine the synergies of the two companies and to provide our canadian customers with a strategy of processing platform innovative and direct for which our us customers can testify to the effectiveness,” says Tim Wallace, CEO, iPipeline. “We are excited by the potential for growth and confident about the value that we can offer together with the leadeurship and innovation of the industry. “
A huge step forward
“The software solutions of Bluesun for sale, case management, and administration of life insurance policies, combined with the expanded offerings of iPipeline, will enable our clients to become leading actors and boost sales, the regulation and administration of life insurance through the channel chosen by the consumer,” said Simon Tomlinson, founder and ceo of Bluesun.
“This will now be possible using a partner for each step of the process, which leads to the consumer from a prospect to a policyholder using a platform a canadian offering multiple insurers. Our goal is to participate in all transactions of life insurance in Canada, and our acquisition by iPipeline is a significant step forward for the realization of this mission “, he explains.