Haven Life, a digitally focused subsidiary of MassMutual, has acquired Quilt, an insurtech that opened in 2015 and had been offering renters’ and term life insurance through digital channels.
In another sign of the sobering of Insurtech and its move towards “collaboration” vs. “disruption, life insurance start-up, Haven Life, announced this month that it has acquired the online insurtech platform Quilt.
“We continue to have big ambitions for Haven Life and what we can do in this industry,” said Yaron Ben-Zvi, CEO and Co-Founder of Haven Life. “To achieve our goals and expand into more product offerings, we needed to bring on a sophisticated partner who not only understands the complexities of the insurance industry but also has the drive to not settle for the status quo. We are thrilled to have Quilt’s talented team join us and can’t wait to showcase the innovation that comes out of this collaboration.”
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