illumifin Completes Acquisition of LTCG
Summary
“We are excited to drive transformation across the industry through our unique combination of insurance insight, operational excellence, and technology innovation.” illumifin was founded by Abry Partners, a leading 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. “We are proud that Hoplon’s investment is playing a pivotal role in the company’s future.” illumifin provides third party administration and technology services to individual and group insurers. LTCG is a leading provider of administrative solutions and clinical services to the long-term care and life insurance industry, with over two decades of experience in this space. The company addresses all types of customer needs and policy requirements—from application processing and underwriting of new business to claims and administration of open and closed blocks. In addition, LTCG provides clients with unique insight about risk management built upon the industry’s largest database of long-term care underwriting and claims outcomes.