NewSpring and Fidelity lead $15m round for insurance software company iPipeline

“iPipeline is building the industry’s most comprehensive end-to-end solution for both captive and independent agents within the insurance industry,” said Fidelity partner Roger Hurwitz.

The company said that the funding will be used to finance strategic acquisitions. iPipeline recently acquired AgencyWorks, a provider of agency management systems for the brokerage industry with a network of 50 carriers and 350 distributors.

iPipeline CEO Tim Wallace said, “The financing enables us to fulfil our vision of creating a solution that provides producers with a seamless and integrated experience on a single platform.
 
“iPipeline maintains close communications with our carriers, distributors and producers, and we are committed to transforming their ideas into products that revolutionise the industry. Our acquisition strategy is to tuck in companies that support this initiative and elevate straight-through processing to a new level for the industry,” he added.

iPipeline provides quoting, processing, development, contracting and content distribution solutions to the insurance industry through its aggregated network of 160 carriers, 1,200 distributors and 600,000 agents.

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