Digital insurance market Policygenius to be acquired by Eldridge's Zinnia

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Digital insurance market Policygenius to be acquired by Eldridge's Zinnia
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Online insurance marketplace Policygenius has agreed to be acquired by fellow digital insurance platform Zinnia, to create a tech-focused platform covering the full insurance process, executives at the companies told Reuters.

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Backed by Eldridge, the investment firm founded by Todd Boehly, Zinnia uses technology to make the servicing and processing of life insurance and annuity business more efficient.

"We've built a very large customer base, and we're excited about the opportunity to bring the end-to-end consumer distribution and insurance carriers together," said Jennifer Fitzgerald, Policygenius Co-founder and CEO, who will join Zinnia's board.

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Reuters /  🏆 2. in ZA
 

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