Zywave Continues Expansion with Purchase of IBQ Comparative Rating for Agencies

Insurance technology provider Zywave has acquired Spokane, Wash.-based IBQ Systems, which offers personal and commercial lines comparative rating.

No terms of the deal were disclosed.

The acquisition expands Zywave’s inventory of carriers and its existing cloud-based personal lines comparative rater, TurboRater, which it acquired with its purchase of Insurance Technologies Corporation (ITC) last November.

Founded in 1997, IBQ Systems offers agencies a fully integrated online rater to offer real-time quotes to consumers.

Zywave said it plans to combine the IBQ program with TurboRater “into a single, cohesive system.”

“Not only does Zywave’s addition of IBQ help further enhance our existing portfolio of quoting and proposal solutions for all lines of business, but it also expands our connectivity with even more carriers, particularly in the Pacific Northwest,” said Jason Liu, chief executive officer of Zywave.

The IBQ acquisition marks Zywave’s seventh in the past two years.