Zywave: Revolutionising the Insurance Market through Digital Transformation
The last few years have brought fundamental changes to the ways in which insurers, brokers and MGAs operate and deliver value throughout every stage of the insurance lifecycle. Growth is on the agenda of practically every insurance company. With increased expectations around digital transformation across the sector and an insurance landscape that is more competitive than ever, Zywave empowers insurance businesses with digital solutions through efficient and effective tech-enabled propositions
The company provides cloud-based insurance front office software, offering digital solutions to strengthen and grow insurance businesses. Its solutions focus on front office exposure and help insurance businesses globally, including insurers, brokers and MGAs, to automate insurer and MGA content delivery to broker partners, to support risk modelling with loss data, and to enable efficient product distribution processes.
With ZyWave’s Content Distribution solution, insurers and MGAs can place their product and thought leadership content in the workflow of their distribution partners via a central platform that is used by thousands of brokers across the UK and US. This allows insurers and MGAs to stay top of mind with brokers, increase their share of wallet with distribution partners, expand their market reach and open additional capacity in the US and UK. Moreover, the solution eliminates the need for brokers to log into many broker portals or search for emails when insurer information is required.
Its Product Engine allows insurance businesses to enter new markets or expand existing markets through simplified rating, quoting, binding and issuing processes. Moving from lengthy product distributions and underwriting processes to empowering insurance businesses to capture new market opportunities with speed and flexibility and enabling insurers to rapidly provide new product options well as better and faster underwriting decisions.
In the Analytics Cloud, Cyber, D&O and Casualty loss data add additional insights to support insurers, MGAs and brokers by informing coverage and pricing decisions. Shifting brokers from making coverage and pricing decisions pricing based on multiple sources of data to an aggregated view and access to the most comprehensive loss data set.
Why did we select Zywave for DIA Amsterdam 2022?
Zywave powers growth through digital transformation at every stage of the insurance lifecycle. Its solutions provide the capabilities that support digital transformation and growth by improving and accelerating front office processes throughout the entire insurance lifecycle.
Zywave’s commitment to growth and innovation taps into the industry wide trends of digitalization and growth. This commitment is at the heart of its solutions, enabling brokers, insurers and MGAs to grow their business.
Zywave was recently named a Leader in The Forrester WaveTM: Digital Insurance Agency Platforms, Q1 2022. Within two years Zywave has skyrocketed into the leadership position, becoming one of the top 3 insurtech players in the market.
Who is Zywave?
Zywave fuels business growth for its partners since 1995. The company is headquartered in Milwaukee, Wisconsin, USA and its 1,000 employees work in offices across the US, Asia and Europe.
Zywave partners with more than 15,000 customers in over 10 countries across the globe, including agents, brokers, insurers and HCM service providers, to enhance client services, drive business growth and promote greater health, wellness and safety by offering a complete package of front-office solutions for insurance businesses.
In 2020, Clearlake Capital acquired Zywave Inc. Under the continued lead by CEO Jason Liu, Zywave has acquired several companies over the past few years—allowing Zywave to continue delivering the best possible solutions to its growing customer base across the globe. Additions to the Zywave brand, amongst others, now include Web Connectivity Limited, Advisen, and ClarionDoor.