Company Releases 2019 Stewardship Report Focused on Innovation, Integrations and Continued Growth
Zywave, the leading insurtech provider powering agency growth, released its 2019 Stewardship Report detailing the company’s unprecedented accomplishments over the past year. Highlights from 2019 include two major corporate acquisitions, becoming the leading data provider in the insurance industry, reimagining the entire benefits quoting process and significant investments in the P&C side of the business.
“As a company, we made huge promises to our partners and the industry leading up to 2019,” said Jason Liu, chief executive officer of Zywave. “I’m proud to say we’ve delivered on those promises—and then some—and we will continue that momentum in 2020 and beyond.”
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Strategic Acquisitions & Organic Growth
To provide its partners with the best solutions in the industry, Zywave has been heavily investing in its existing products, while enhancing its product portfolio, filling any capability gaps with new acquisitions. A few highlights from the past year include:
- In June, Zywave acquired RateFactory, elevating the entire benefits quoting process and providing partners access to the industry’s only carrier-direct quoting solution
- In December, the company acquired miEdge, becoming the leading data provider in the industry, providing partners with the most robust database offering for prospecting, and significantly enhancing its existing client delivery, analytics and content solutions
- Increased investment in R&D by 25%, year over year
- Completed 177 product releases and fulfilled 103 partner enhancement requests
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Innovations & Integrations
Zywave is continuing to improve product integration to provide seamless, end-to-end solutions all on one cloud-based platform. Notable accomplishments in 2019 include:
- Launched smart content delivery using advanced machine learning to automatically suggest the most relevant, engaging content for users
- Expanded the industry’s most expansive content library, creating 975 new pieces of content and 175 proprietary videos; and launched P&C OneSource, a robust P&C content library comprised of both proprietary content and licensed content from the trusted industry sources
- Introduced a new learning management system, Zywave Learning, empowering partners to provide cost-effective training to their clients that simplifies employee education and helps them remain compliant
- Streamlined and automated countless applications to improve workflows, from simplifying complex commission tracking to adding new import tools, and more
- Advanced open API, allowing data to flow freely between Zywave and other systems
“The progress Zywave has made over the past year is evidence of our commitment to continuous improvement,” added Liu. “Additionally, we’ve expanded our employee count by nearly 100 people to better serve our partners. We promise to continue to innovate and grow so we can provide our partners the tech they need to grow even faster.”
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