ABL Technologies, LLC, a subsidiary of Abacus Life, Inc., announced a preferred equity investment in Insured Connect on November 27, 2024. Insured Connect is an insurance data and technology platform that connects carriers, distributors, and agents. This investment is designed to enable Insured Connect to meet growing demand for its services.
This move by ABL Tech, a groundbreaking technology platform focused on managing mortality data, signifies an expansion of its strategic partnerships. The investment aims to enhance the technological ecosystem surrounding life insurance and longevity-based financial products. It supports innovation in the insurance sector.
The investment aligns with Abacus Life's broader strategy of diversifying into new growth areas, particularly within its ABL Tech segment. It strengthens the company's position in providing advanced data tracking and analysis services to institutional clients and expands its market reach.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.