Tennessee-based Selectsys, an insurtech specializing in business process outsourcing for insurers, has acquired Expert Insured, an artificial intelligence-led insurance management system for wholesalers, carriers and managing general agents. Terms were not disclosed.
With headquarters in Boston, Expert Insured also has a new CEO. Spencer McDonald was previously with McKinsey & Co. and specializes in AI-driven Insurtech solutions, the companies said in a news release. Expert said it utilizes AI-enhanced workflows and management tools to automate processes and improve efficiency for insurance companies.
Selectsys, with offices in Knoxville, Tennessee, has been around for more than 20 years, providing business processing and tech for MGAs and wholesalers, the company said.
Topics InsurTech Mergers & Acquisitions Data Driven Artificial Intelligence Carriers Insurance Wholesale
Was this article valuable?
Here are more articles you may enjoy.
Capital Factory CEO Killed in Private-Jet Crash in Texas 
AM Best: Data Centers Pose Risks Beyond What P/C Industry Has Experienced 
Older, Wealthier Renters Drive Changes in Insurance Needs 
IMA Latest to Sue Howden Over Alleged Employee Poaching 
