In a significant development, Assurely, an insurance provider for crowdfunding, has been bought by Equal Parts Insurance. This assurely fintech acquisition marks a crucial moment for both firms. Their goal? To bolster their standing in the rapidly changing insurtech landscape.
Assurely, co-founded by CEO David Carpentier and Chief Insurance Officer, Ty Sagalow, boasts a rich history. Sagalow, for instance, was part of the founding team of Lemonade, a publicly traded insurtech company. Consequently, the team behind Assurely brings a wealth of experience, innovation, and strategic vision. This has played a significant role in its success to date.
A key ingredient of Assurely’s success is the TigerMark product. Designed to provide coverage for crowdfunding campaigns, this innovative product underscores their commitment to meeting the unique insurance needs of the evolving crowdfunding sector.
What’s Next for Equal Parts Insurance?
With the acquisition of Assurely, Equal Parts Insurance plans to broaden its service offering. Additionally, it’s capitalising on the growing market for specialised insurtech products. The assurely fintech acquisition signifies a serious pledge from Equal Parts Insurance to remain a leader in this dynamic sector.
Indeed, this acquisition is set to unite the complimentary expertise of both firms. It could potentially lead to the creation of new and innovative insurance products. This is particularly beneficial for the crowdfunding industry, which constantly needs customised insurance solutions and continues to expand rapidly.
In conclusion, the assurely fintech acquisition is a strategic move for both Assurely and Equal Parts Insurance. It doesn’t just bolster their individual standings, but also promises to bring significant advancements in the insurtech sector. The developments that emerge from this fusion of expertise and innovation in the coming months will be intriguing to witness.
