Boston-based Enservio has entered into a definitive agreement to acquire Insurers World in a move to accelerate its leadership position in the property insurance space and strengthen its geographic footprint in claims services business.
The combined entity will provide a full range of solutions from strategic analytics to claims software and services nationally to property insurers after the acquisition is completion.
Insurers World will continue to retain its distinct brand identity, while strengthening and complementing Enservio and will be based in Canton, Massachusetts.
Insurers World Don Stafford said that the combination will create real innovation and efficiencies in the industry, including their enterprise Software as a Service (SaaS) platform.
"Together, we’ll not only provide our customers with the same unparalleled service levels, but also offer them a broader range of industry-changing solutions like the ReStoreMall and ReStoreCard," Stafford added.
Enservio is a provider of property insurance analytics, affinity marketing and claims solutions to 12 of the largest property insurers in the nation, has over 300 insurer customers and over 450 employees nationally.
Insurers World has been chosen to establish accurate LKQ and indemnity, incomparable to other industry services since 1978.