Insurance distribution and analytics platform, Slipcase, has acquired UK competitor YouTalk Insurance.
The acquisition comes as Slipcase seeks to strengthen its presence in the UK. This deal supports this through securing YouTalk’s client base.
Slipcase’s objective is to position as the insurance industry’s central hub to discover curated digital news, thought leadership and intelligence, according to a statement from the company.
Alex Hearn, founder and chief executive officer of Slipcase, said the move will allow Slipcase to reach a wider audience and strengthen its global aspirations.
“After a decade of UK growth, this acquisition is a natural next step for Slipcase to expand its position as the largest risk and re/insurance content distribution platform in the UK, allowing us to connect more brands with insurance professionals than ever,” he said.
“While our recent focus has been on international growth, seeing our audience more than triple in the past three years, the UK has always been a priority audience for our platform, and this takeover of YouTalk Insurance’s assets represents just that.”
The information platform currently operates across its web platform, mobile app, internal company feeds and custom email digests.
Managing Director at YouTalk Insurance, Paul Handleigh, said the company has spent 14 years crafting a strong UK presence.
He added: “We are excited that our clients and users will be able to benefit from the suite of advanced analytics and technology Slipcase has built.
“When added to their considerable global distribution, they will enjoy a preeminent position in terms of reaching insurance, reinsurance and risk professionals,” he added.