TLDR:

Asetio Software has acquired software assets and IP from iMOTOR and Pysurance to enhance its insurance offering. Through iMOTOR, Azentio aims to automate and streamline claims workflows for insurers, while the acquisition of tech from Pysurance will facilitate insurers’ transition to a next-gen platform. This move aims to revolutionize insurance software technology and improve customer experience.

Key Elements:

• Azentio Software acquires software assets and IP from iMOTOR and Pysurance
• Acquisition aims to automate and streamline claims workflows for insurers
• Focus on enhancing customer experience, productivity, and efficiency through modern technology
• Sanjay Singh, CEO of Azentio, emphasizes the importance of combining deep domain knowledge with innovative technology
• Co-founder and CTO of Pythys, Taher Alkhateeb, expresses excitement for the partnership with Azentio

Azentio Software has made strategic acquisitions of software assets and intellectual property (IP) from iMOTOR and Pysurance, two Kuwait-based software product companies. This move is aimed at expanding Azentio’s insurance offering by automating and streamlining claims workflows for insurers. Through the acquisition of iMOTOR and Pythys’ tech, Azentio plans to revolutionize the insurance software industry by integrating advanced AI and machine learning capabilities into their products. This partnership is expected to bring significant value to Azentio’s client base and improve operational efficiency for insurers.

Sanjay Singh, CEO of Azentio, highlights the importance of leveraging the latest technology platforms to bring the next generation of software to insurance customers. He emphasizes the company’s commitment to combining deep domain knowledge with innovative technology to enhance customer experience and drive efficiency for insurers. The partnership with Pythys and iMOTOR is seen as a step towards transforming the insurance technology landscape.

Co-founder and CTO of Pythys, Taher Alkhateeb, expresses excitement for the acquisition, noting that the combination of modern software technology stacks with deep domain expertise in the insurance industry will push the boundaries of what technology can achieve in this space. Similarly, Ali Abbas, Co-Founder and CEO of iMOTOR, sees the partnership with Azentio as a significant step in enhancing efficiency and customer experience in the insurance industry.