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Bold Penguin Inc., a Columbus, Ohio-based online insurance exchange, said Tuesday it has acquired analytics and software company RiskGenius.
Bold Penguin acquired Overland Park, Kansas-based RiskGenius from ClaimKit LLC, also based in Overland Park. Terms of the transaction were not disclosed.
RiskGenius provides software and analytics for what it calls the “technology-assisted review of policies.”
“Their policy-level data approach helps our exchange grow” and will have a “significant” effect on quoting, Ilya Bodner, founder and CEO of Bold Penguin, said in a statement.
Bold Penguin earlier this year added commercial auto coverage to its platform.
Bold Penguin was founded in 2016, and RiskGenius was launched in 2015, the statement said.