KAP Expands Platform Portfolio to 20 Partners with LifeQuotes Acquisition
Keystone Agency Partners (KAP) Acquires LifeQuotes, Inc. as 20th Platform Partner
In a strategic leap forward, Keystone Agency Partners (KAP), a rapidly growing insurance brokerage platform, has recently acquired Chicago-based insurtech pioneer LifeQuotes. With this latest addition to its portfolio, KAP reaches a remarkable milestone of 20 Platform Partners. This significant acquisition signals KAP’s dedication to diversifying its offerings and putting customers at the forefront of its business strategy.
LifeQuotes: A Pioneer in the Insurtech Space
I'm standing ten feet tall with excitement to announce to our friends, customers and marketing partners that we have been acquired by Bain Capital-affiliated Keystone Agency Partners (KAP) of Harrisburg, PA. https://t.co/4qSiAMKPtj
LifeQuotes, founded in 1984, has remained at the forefront of the insurtech industry for nearly four decades. Their groundbreaking platform allows self-directed life insurance shoppers to instantly access quotes from 50 highly-rated life insurers. What sets LifeQuotes apart is its seamless, paperless online purchasing experience, catering to over 400,000 satisfied clients.
Shared Visions: Embracing Growth and Innovation
Robert Bland, CEO of LifeQuotes, is excited about the possibilities for this acquisition. He states, “Joining forces with Keystone Agency Partners opens up new avenues for growth and innovation. We are excited to contribute our expertise to KAP’s dynamic ecosystem and continue our mission of providing accessible life insurance solutions to customers nationwide.”
Dan Girardi, KAP’sChief Acquisition Officer, echoes these sentiments, emphasising the substantial value that LifeQuotes brings. Dan affirms, “LifeQuotes brings a wealth of experience and technological innovation to our family of Platforms. This acquisition aligns seamlessly with our commitment to offering diverse, customer-centric insurance solutions. We are thrilled to welcome LifeQuotes to the KAP family.”
Fueling the Insurtech Revolution
The acquisition of LifeQuotes by KAP reflects the ongoing evolution and growth of the insurtech sector, which is experiencing a rapid surge. Data Bridge Market Research predicts a staggering 42.4% growth rate in the insurtech market between 2021 and 2028, ultimately reaching an estimated value of $46 billion by 2028. This trend underscores the increasing demand for digital, customer-friendly insurance solutions—which both KAP and LifeQuotes are well-positioned to meet.
A Vision for the Future: Innovation and Customer Satisfaction
The partnership between KAP and LifeQuotes extends beyond a mere business transaction. It signifies a shared vision for innovation, an unwavering commitment to customer satisfaction, and a mutual dedication to advancing the insurance industry landscape. As KAP continues to expand its platform portfolio and LifeQuotes contributes its pioneering spirit and technology, the insurance market can anticipate even more incredible advancements and customer-centric solutions.
A Bright Future Ahead
In conclusion, Keystone Agency Partners’acquisition of LifeQuotes is a testament to the insurance industry’s dynamic nature and the insurtech sector’s pivotal role. With a history of excellence and a promising future, this partnership promises to deliver innovative and accessible insurance solutions to customers nationwide. As we look ahead, it’s clear that KAP’s family of Platform Partners is poised for continued success, driven by a shared commitment to pushing the boundaries of what insurance can be.
