IVANS, a division of Applied Systems, has announced its acquisition of Ask Kodiak, an insurtech that offers commercial lines market appetite and search capabilities for the independent agency channel.
The acquisition is expected to further enhance IVANS’ commercial lines connectivity solutions, and specifically the IVANS Distribution Platform.
IVANS plans maintain Ask Kodiak’s current integrations to expand the company’s ecosystem of insurtech partners and deepen integrations with existing partners, further building out IVANS’ network of agencies, MGAs, insurers, and technology providers.
“Our investment in Ask Kodiak furthers our mission to expand the IVANS data superhighway, creating a more connected and valuable digital ecosystem of insurance,” said Reid Holzworth, chief executive officer, IVANS.
“Merging Ask Kodiak with the IVANS Distribution Platform will combine the industry’s most robust appetite management and communication tool and the industry’s broadest distribution platform to enable agents, MGAs, carriers and partners to digitize the end-to-end commercial lines policy lifecycle and provide additional opportunities to more broadly connect across more lines of business.”
Michael Albert, co-founder, Ask Kodiak, also commented: “At Ask Kodiak, our mission has always been about helping carriers and agents write more of the risks they want to write, faster and easier.”
“Now with the resources of IVANS behind us, we’ll be able to scale our capabilities and provide our customers with access to the industry’s broadest distribution platform so they can write even more risks with speed and accuracy, further supporting our growth goals.”