Zinnia Tech Solutions LLC. Strengths, Domain Expertise, and Key Differentiators
Zinnia’s core strengths lie in its robust technology platforms, which span the entire lifecycle of insurance policy administration. The company powers over 50% of the digital annuity volume in the U.S., a testament to its market leadership and the trust it has earned from major insurance carriers and distributors. Zinnia’s platforms, including Zinnia Launch, Zinnia NoW, and Zinnia MarketConnect, enable rapid product launches and support multi-channel distribution, allowing insurers to adapt swiftly to market demands. The company’s strong financial backing from prominent investors, such as Eldridge and KKR, provides the stability and resources needed for continuous innovation and expansion. Additionally, Zinnia’s focus on digital transformation, exemplified by its use of distributed ledger technology in platforms like Zahara™, positions it as a frontrunner in modernizing the insurance industry.
Zinnia Tech Solutions LLC. Recent Developments
Zinnia has solidified its growth trajectory through a $300 million financing deal from Vista Credit Partners, announced in October 2024. This capital infusion is designed to accelerate Zinnia’s go-to-market strategies, enhancing its technological capabilities and expanding its market reach within the life and annuities insurance sector. Concurrently, Zinnia has bolstered its product offerings through the acquisition of Ebix Inc.’s Life and Annuity Software Assets in early 2024. This acquisition integrates advanced tools for customer relationship management (CRM), agency management, quoting, illustration, and underwriting, enabling Zinnia to deliver more comprehensive solutions. These developments align with the increasing demand for digital transformation in the insurance industry, positioning Zinnia as a leader in simplifying and digitizing insurance processes. The company’s focus on leveraging these advancements to enhance client experiences and operational efficiency underscores its strategic vision for sustained growth.
Zinnia Tech Solutions LLC. Mergers and Acquisitions (M&A) Activities
Zinnia’s acquisition of Ebix Inc.’s Life and Annuity Software Assets in February 2024 represents a significant milestone in its strategic expansion. This transaction has enriched Zinnia’s platform by incorporating Ebix’s market-leading software solutions, including CRM, agency management, quoting, illustration, and underwriting tools. These additions enhance Zinnia’s ability to provide end-to-end solutions, from product development to policy servicing, strengthening its value proposition for insurance carriers and distributors. The acquisition also deepens Zinnia’s integration with distribution partners, facilitating seamless experiences for advisors and clients. By consolidating these complementary technologies, Zinnia is poised to enhance its competitive edge in the insurtech market, driving innovation and operational efficiency across its client base.
In 2023, Zinnia, a life and annuity insurance tech and digital services company, has acquired Policygenius, a leading digital insurance marketplace. This move creates the industry’s first front-to-back insurance architecture, enhancing service across carriers, advisors, and policyholders. The acquisition extends Zinnia’s digital distribution capabilities and adds offerings across life, annuities, disability, and P&C insurance. Policygenius brings a consumer-friendly platform and robust data analytics that, combined with Zinnia’s tech and TPA infrastructure, promises an improved, end-to-end insurance experience.
Zinnia Tech Solutions LLC. Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Zinnia Tech Solutions LLC. applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of Zinnia Tech Solutions LLC. and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified Zahara, Zinnia Fund Management, Zinnia Hybrid Origination (formerly Breathe Life) customers.
Zinnia Tech Solutions LLC. Overview
5801 SW 6th Ave.
Topeka, KS, 66636, United Stetes
1 800-747-3940
https://www.zinnia.com/
Ownership: - x
Number of Employees: 2400
Functional Markets: CRM, ERP Services and Operations,
Key Verticals: Insurance,
Zinnia Tech Solutions LLC. Key Enterprise and Cloud Applications
Zahara, Zinnia Fund Management, Zinnia Hybrid Origination (formerly Breathe Life)
Zinnia Tech Solutions LLC. Revenues, $M:
| Type/Year | 2023 | 2024 | YoY Growth, % |
|---|---|---|---|
| Total Revenues, $M | Subscribe | Subscribe | Subscribe |
| Enterprise Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
| Cloud Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
Zinnia Tech Solutions LLC. Revenue Breakdown By Type, $M:
Zinnia Tech Solutions LLC. Enterprise Applications Revenues By Functional Markets, $M:
Zinnia Tech Solutions LLC. Enterprise Applications Revenues By Verticals, $M:
Zinnia Tech Solutions LLC. Revenues By Region, $M
| Region | % of Total Revenues | 2024 Total Revenues, $M | 2024 Enterprise Applications Revenues, $M | 2024 Cloud Applications Revenues, $M |
|---|---|---|---|---|
| Americas | Subscribe | Subscribe | Subscribe | Subscribe |
| EMEA | Subscribe | Subscribe | Subscribe | Subscribe |
| APAC | Subscribe | Subscribe | Subscribe | Subscribe |
| Total | Subscribe | Subscribe | Subscribe | Subscribe |
Zinnia Tech Solutions LLC. Direct vs Indirect sales
| Type | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
Zinnia Tech Solutions LLC. Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified Zinnia Tech Solutions LLC. Customers
No. of Zinnia Tech Solutions LLC. Customers: 100
No. of Zinnia Tech Solutions LLC. Enterprise Applications Customers: x
No. of Zinnia Tech Solutions LLC. Cloud Customers: x
No. of Zinnia Tech Solutions LLC. Cloud Subscribers: x
Zinnia serves a diverse and extensive client base, including over 40 major insurance and pension providers, collectively managing $100 billion in assets under administration. The company’s platforms support more than 1 million agents and distribution entities, processing transactions exceeding $20 billion annually. Leading banks, carriers, and distributors rely on Zinnia’s technology to streamline their operations and enhance customer experiences in the life and annuities market. The client ecosystem also includes third-party administrators and risk insurance and annuities owners, all benefiting from Zinnia’s standardized data framework and advanced data presentation tools. This broad reach underscores Zinnia’s critical role in the insurance value chain, enabling efficient policy administration and servicing for a wide range of stakeholders.
Zinnia Tech Solutions LLC. Market Opportunities, M&A and Geo Expansions
The acquisition of Ebix’s assets presents Zinnia with significant opportunities to diversify its product portfolio and deepen its market penetration. The insurtech sector is experiencing a surge in demand for digital solutions, driven by consumer preferences for online interactions and insurers’ need for operational efficiency. Zinnia is well-positioned to capitalize on this trend, offering platforms that not only meet current needs but also anticipate future industry developments. The company’s vision for open insurance, which emphasizes interoperability and collaboration through open APIs, opens avenues for co-creation and ecosystem expansion. By fostering partnerships and integrating new technologies, Zinnia can drive mutual benefits for its clients and stakeholders, further solidifying its position as a market leader.
Zinnia Tech Solutions LLC. Risks and Challenges
Zinnia operates in a highly competitive insurtech landscape, facing challenges from both established insurers developing proprietary technologies and new entrants vying for market share. Continuous innovation is essential to maintain its leadership position. Regulatory compliance, particularly in areas such as data privacy and financial reporting, poses another challenge, requiring ongoing investment and vigilance. Additionally, macroeconomic factors, such as market volatility, could impact the insurance industry’s growth, indirectly affecting Zinnia’s operations. These risks highlight the need for Zinnia to remain agile and proactive in its strategic planning.
Zinnia Tech Solutions LLC. Ecosystem, Partners, Resellers and SI
Zinnia’s ecosystem is multifaceted, encompassing insurance carriers, distributors, advisors, consumers, and reinsurers. The company’s technology platforms, including Zinnia Launch, Zinnia NoW, and Zinnia MarketConnect, serve as a central hub, facilitating efficient communication and transaction processing across these stakeholders. By providing a standardized data framework and advanced data presentation tools, Zinnia enables its clients to achieve higher levels of operational efficiency and scalability. The company’s vision for open insurance involves creating an ecosystem where multiple services can be integrated through open APIs, fostering collaboration and economies of scale. This approach not only enhances the value proposition for Zinnia’s clients but also positions the company as a catalyst for industry-wide transformation, driving innovation and connectivity across the insurance value chain.
Research Methodology
Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
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