The system is intended to shorten time to market without changing core systems.
The deal for the Roberts Agency adds to King Risk's capabilities in construction-related insurance and surety bonds in and around Connecticut, US.
The move follows the completion in February 2024 of Wipro and Wipro IT Services’ acquisition of a 60% stake in Aggne Global IT Services Private Limited and Aggne Global, respectively.
The investor, identified as one of Voya’s largest shareholders, called on the company's board to begin a formal assessment.