The purchase of the online insurance comparison service marked an off-ramp for corporate investors Securian, Northwestern Mutual and Cuna Mutual.
Consumer credit reporting agency Experian has bought US-based insurance comparison service Gabi in a $320m deal allowing corporates Securian, Northwestern Mutual and Cuna Mutual to exit.
The transaction was revealed in Experian’s financial results for the six months ending September 2021, which stated the corporate closed the acquisition last month.
Gabi provides an online platform that uses artificial intelligence to let customers compare various forms of insurance in areas such as home and automotive cover, helping them choose between a…
Fernando Moncada Rivera
Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.
