ReSource Pro buys insurance advisors Strategy Meets Action, Nolan
The deal establishes a one-stop-shop for advisory services and market insights across insurance lines.
Insurance operational solutions provider ReSource Pro, LLC has acquired two advisory firms focused on property & casualty insurance: Strategy Meets Action (SMA) and The Nolan Company. Terms of the deal were not disclosed.
Both acquired companies have long track records of success, working with emerging technology and changing customer experiences, according to Dan Epstein, ReSource Pro CEO.
“Each of the three companies brings different capabilities that have adjacencies to each other, and we serve similar segments,” Epstein told PropertyCasualty360.com, adding the acquisitions are closer aligned to ReSource Pro’s carrier and MGA segments but could also meet retail clients’ needs.
“All three companies are very focused on building trusted partner relationships with our clients,” he said. “Building trust, intimacy and an understanding of our clients’ needs are central to who we are as companies.”
What SMA, Nolan bring to the deal
SMA offers consulting services and publishes research to carriers, solution providers and InsurTech startups, according to ReSource Pro. The company’s insights are focused on guidance on business strategy, digital transformation, core systems and customer experience. Deb Smallwood will continue to lead the division in her new role as senior partner, carrier transformation, SMA.
Nolan, a management consulting firm, gives insurance executives advice on corporate strategy, growth, technology and operational improvement. Steve Discher will continue as the lead for Nolan as senior partner, carrier practice, Nolan, ReSource Pro reported.
‘Immediately hit the ground running’
Integration of the acquired companies into ReSource Pro’s platform will result in a burst of additional capacity, according to Epstein, who added: “We immediately hit the ground running, supporting each of the companies in delivering their services to clients.”
The biggest benefit the deal brings to carriers is the ability to find solutions that address multiple needs or silos, as Epstein calls them, with a single entity.
“Right now, a client might need one provider to help them with digital strategy, another to help with core systems, another for product development, and yet another for operational execution and process optimization,” he said. “With the combination of our companies, they now have one single provider that can reduce gaps across each of those silos and drive great performance and outcomes.”
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