Insurance Technologies acquires Medicare software company MyMedicareBot

Insurance Technologies said that it has acquired California-based Medicare distribution software company MyMedicareBot for an undisclosed price.

Established in 2018, MyMedicareBot offers enrollment, routing of leads, and analytics tools to help Medicare membership growth, retention, as well as profitability.

Its product suite includes a multi-carrier quoting and enrolling tool called Field Agent Platform, a personalized consulting service called Portfolio Analytics Platform, and a tool providing AI-powered analysis of membership called Member Retention and Conversion Program.

Laird Rixford — Insurance Technologies CEO said: “As Medicare enrollment continues to grow, it is more important than ever for health plans and brokers to have the technology that helps them better serve the Medicare population. MyMedicareBot has been at the forefront of the industry providing that technology.

“The MyMedicareBot team shares our same core values of innovation, service, and best-in-class technology, and I’m excited to welcome them to the Insurance Technologies team.”

Insurance Technologies caters to the life and annuity industry with sales and regulatory automation solutions. The acquisition of MyMedicareBot is said to consolidate the key quoting and application capabilities of Insurance Technologies and will enlarge its offerings into quoting, enrolment, and analytics related to Medicare.

Michael Cho — MyMedicareBot Founder and CEO said: “Insurance Technologies’ unrelenting commitment to service and technology innovation was a perfect match for us at MyMedicareBot.

“We’re thrilled to join the Insurance Technologies team and combine our expertise and skills to continue innovating for the betterment of the life, Medicare and annuity industry.”