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NZ's JAVLN acquires JRNY AI-driven IP

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Auckland-based insurance platform JAVLN has acquired JRNY’s AI-driven software, allowing brokers, insurers and their customers a more intuitive experience with dynamic conversations, smart recommendations and data driven insights.

Founded in 2011, JAVLN’s platform supports brokers, underwriting agencies and insurers across the Asia Pacific. It says the equity-based deal with JRNY furthers its use of data and AI to streamline insurance processes.

“Acquiring the IP (intellectual property) of JRNY which is market tested and respected, will accelerate our own development so we can scale faster,” JAVLN CEO Dale Smith said.

JAVLN's SaaS cloud-based platform is designed specifically for insurers, agents, underwriters and brokers, providing end-to-end policy visibility in real-time. The company has doubled in size in the last year to almost 50 people.

“JAVLN is the perfect business to take the JRNY technology to the insurance industry with their expanding reach and a common goal to improve the customer experience,” JRNY founder Michael Lovegrove said.