illumifin, a third-party insurance administration and technology provider, has completed its acquisition of LTCG to create one of the largest insurance service providers in the North American long-term care, life, health, and annuity markets.
LTCG’s proprietary long-term care administration solutions and claims capabilities will be integrated with illumifin’s third-party administration and technology platform. This combination will deliver end-to-end digital capabilities driving value to insurance companies.
illumifin was founded by Abry Partners, a Boston-based private equity firm, and Hoplon Capital, an asset manager focused on digital disruption, after the acquisition of Concentrix Corporation’s insurance third-party administration and software platform.
