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ORLANDO, Fla., Nov. 27, 2024 (GLOBE NEWSWIRE) -- ABL Technologies, LLC (“ABL Tech”), a groundbreaking technology platform that revolutionizes how organizations manage and reconcile mortality data, and a subsidiary of Abacus Life, Inc. (“Abacus”) (NASDAQ: ABL), today announced it is providing a preferred equity investment to Insured Connect, an insurance data and technology platform that connects carriers, distributors and agents. This investment will enable Insured Connect to meet the growing demand for its innovative data & technology, while solidifying Abacus’s growth in innovative technology related to longevity and distribution of new insurance products.
“I’m excited to further strengthen Abacus’ dedication to data-driven innovation in the life insurance sector,” said Jay Jackson, Chairman and CEO of Abacus Life. “Insured Connect’s technology will bridge the gap between life insurance distribution, carriers, and policyholders, fostering better communication, improved access to information, and driving new policy sales.”
“We’re thrilled to partner with ABL Tech in this investment,” said Rick Hyde, President of Insured Connect. “As a technology-enabled pioneer in the longevity and lifespan space, ABL Tech represents the perfect partner for Insured Connect to continue to deliver our innovative insurance technology solutions and we are excited with what we can bring to the table.”
About ABL Tech
ABL Tech is a premier provider of sophisticated data, technology, and analytics solutions specifically tailored to identify mortality events and facilitate the connection of beneficiaries with their rightfully due benefits.
ABL Tech’s state-of-the-art platform empowers a wide array of clients, including businesses and pension plans, to meticulously track, analyze, and subsequently improve their management practices and risk evaluation processes concerning pensioners, beneficiaries, and policyholders.
Through its dedication to innovation and client-centric approach, ABL Tech is committed to enhancing the efficiency and effectiveness of mortality data management and analytics, thereby supporting a diverse range of industries and organizations across the nation in achieving their operational objectives.
About Abacus
Abacus is a pioneering global alternative asset manager and market maker specializing in uncorrelated financial products. The company leverages its proprietary, cutting-edge longevity data and actuarial technology to purchase life insurance policies from consumers seeking liquidity. This creates a high-return asset class uncorrelated to market fluctuations for institutional investors.