Zywave, Inc., a leading provider of SaaS enterprise solutions for insurance brokerages, today announced that it has acquired Specific Software Solutions, a leading provider of workers’ compensation software. This acquisition brings together two industry pioneers in the insurance brokerage software space. The combination offers a comprehensive set of software and service solutions to more than 2,500 brokerage firms and their customers.
“Specific Software Solutions is the clear market leader in workers’ compensation software for insurance brokers,” said Bill Haack, chief executive officer of Zywave. “We have had a long-standing admiration for Specific Software Solutions over the years, and we are looking forward to bringing their clients, products and employees into our family. Integrating their workers’ compensation product line with our innovative solutions will yield long-term client success.”
Specific Software Solutions’ trusted product family includes its flagship ModMaster product line. “I am confident that Zywave will further build the reputation for stellar customer service and analytical expertise associated with the ModMaster suite of products,” said Tim Coomer, founder of Specific Software Solutions. “Moreover, this acquisition will result in a full complement of technology delivery and software services that will give property & casualty insurance agencies even more of a competitive edge.”
Current clients are also looking forward to the benefits of streamlined vendor access. “With a single technology source for both our workers’ comp mod reporting and risk management content needs, our firm can take advantage of the best of both worlds,” said Rob Townley, principal of Townley Kenton Insurance & Risk Management. “Zywave’s professional materials will combine with ModMaster reporting to provide a total solution that will make us quicker and more efficient. We look forward to helping our insureds realize these same benefits.”
A Zywave and Specific Software Solutions integration will create advantages for insurance brokers seeking innovative client solutions that set them apart. “We have the unique opportunity to craft a market-leading risk management application that supports our continued mission of helping our broker partners grow their business, improve profit margins and thrive in a dynamic business environment,” said Jim Emling, Zywave’s president and chief operating officer.
Zywave is a leading provider of software-as-a-service (“SaaS”) enterprise automation solutions for the employee benefits and P&C insurance distribution industry. The company’s solutions include technology-enabled content and communication, agency automation, and business intelligence and analytics, designed to help insurance brokers of all sizes gain profitable market share. With more than 2,500 clients, including a majority of the Top 100 agencies, Zywave’s applications help brokers more easily and successfully sell and service new and existing clients while improving their own agency’s internal productivity. For additional information, visit www.zywave.com.