Versured Partners with Acrisure to Build Technology and Expand Partnership Network

 
SALT LAKE CITY - May 16, 2022 - PRLog -- Versured, a fast-growing nationwide insurtech leader, announced today the sale of a portion of its book of business to Acrisure, an intelligence-driven financial services company that operates as a top-10 global insurance broker. The proceeds from the sale will enable Versured to continue developing its tech platform and expand a nationwide network agent channel.

As Versured continues to evolve its services and execute on its long-term plans, the company determined it was the appropriate time to work with a strategic partner to continue development and take next steps. Versured selected Acrisure to purchase a portion of its book of business, with an effective sale date of April 1, 2022.

Along with further advancing its award-winning technology, Versured is using proceeds from the sale to continue building the company's first-of-its-kind partnership network. This network will offer partners full financial transparency, tech suite, fair commissions and fees, 100% book ownership and no minimum book size.

"We carefully considered all options when the time came to select a strategic buyer, and working together with Acrisure on the sale guarantees our book will be well-serviced," said Jeremy Stringham, founder and CEO of Versured. "The new partnership will help us continue to change the insurance game and introduce a revolution in how agencies can work together to benefit customers."

Versured's online platform simplifies the insurance experience for business owners, home owners and anyone who needs insurance, by analyzing needs and comparing options. Launched in April 2020, the company has already grown to over 4,000 policies by offering a one-stop shop and a 50 state footprint that enables customers to stick with Versured, no matter which carrier they are with.

For more information about how Versured is transforming the insurance experience for business owners through its award-winning technology, visit them at www.versured.com/partners or connect with the team on Facebook, Twitter or LinkedIn.

About Acrisure

Acrisure specializes in intelligence-driven financial services, providing a broad array of products including Insurance, Real Estate Services, Cyber Services, and Asset & Wealth Management. The Company has grown revenue from $38 million to more than $3.5 billion in just over eight years with locations throughout the world. Acrisure is the intelligence-driven financial services distribution platform of the future. Find out more at www.acrisure.com.

About Versured

Versured is an online insurance brokerage blending the best technology with knowledgeable, real-life agents; we save members time and money by simplifying the insurance buying process. A one-stop-shop for all things insurance; for life. www.versured.com.

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Tags:Insurance
Industry:Insurance
Location:Salt Lake City - Utah - United States
Subject:Partnerships
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