Types of insurance

Penn Mutual Introduces Protection Variable Universal Life

Retrieved on: 
Monday, July 19, 2021
United States securities law, Finance, Types of insurance, Horsham, Pennsylvania, Money, Penn Mutual, Insurance, Life insurance, Securities Investor Protection Corporation, Mutual Life Insurance Company, Financial Industry Regulatory Authority, Government

HORSHAM, Pa., July 19, 2021 /PRNewswire/ -- The Penn Mutual Life Insurance Company (Penn Mutual), a Fortune 1000 company, announces the introduction of Protection Variable Universal Life (PVUL), a permanent life insurance product providing guaranteed lifetime death benefit protection with the opportunity to build cash value through subaccount market growth potential.

Key Points: 
  • HORSHAM, Pa., July 19, 2021 /PRNewswire/ -- The Penn Mutual Life Insurance Company (Penn Mutual), a Fortune 1000 company, announces the introduction of Protection Variable Universal Life (PVUL), a permanent life insurance product providing guaranteed lifetime death benefit protection with the opportunity to build cash value through subaccount market growth potential.
  • PVUL is our first variable universal life product primarily focused on guaranteed death benefits and addresses the emerging estate planning market.
  • Penn Mutual supports its financial professionals with retirement and investment services through its wholly owned subsidiary Hornor, Townsend & Kent, LLC, member FINRA / SIPC .
  • 2021 The Penn Mutual Life Insurance Company, 600 Dresher Road, Horsham, PA 19044

Gore Mutual Insurance Company Becomes First Canadian Insurer Using Guidewire Cloud to Deploy the Full InsuranceSuite

Retrieved on: 
Monday, July 19, 2021
Technology, Insurance, Automotive, Consulting, Professional services, Other Automotive, Software, Networks, Internet, Data management, Guidewire Software, Gore Mutual Insurance Company, Types of insurance, Insurance, Mutual insurance, Companies, Finance, Gore Mutual, Guidewire Software, GORE MUTUAL, GUIDEWIRE SOFTWARE

Gore Mutual Insurance Company (Gore Mutual), a Canadian mutual insurer, and Guidewire Software, Inc. (NYSE: GWRE), the platform P&C insurers trust to engage, innovate, and grow efficiently, announce that Gore Mutual has successfully deployed Guidewire InsuranceSuite in Guidewire Cloud as its new operating model for Ontario personal lines automobile and Individually Rated Commercial Auto (IRCA) insurance.

Key Points: 
  • Gore Mutual Insurance Company (Gore Mutual), a Canadian mutual insurer, and Guidewire Software, Inc. (NYSE: GWRE), the platform P&C insurers trust to engage, innovate, and grow efficiently, announce that Gore Mutual has successfully deployed Guidewire InsuranceSuite in Guidewire Cloud as its new operating model for Ontario personal lines automobile and Individually Rated Commercial Auto (IRCA) insurance.
  • The mutual insurer is the first insurer in Canada to launch InsuranceSuite in Guidewire Cloud to implement full-service capabilities across its three core business operations policy, billing, and claims at the same time.
  • InsuranceSuite in Guidewire Cloud better aligns Gore Mutual to industry best practices and broker workflows, providing brokers with the speed and efficiency required to service their customers.
  • We congratulate Gore Mutual on its successful deployment of InsuranceSuite in Guidewire Cloud and applaud them for being the first Canadian insurer to launch Guidewire Cloud across policy, billing, and claims services concurrently, said Mike Polelle, Chief Delivery Officer, Guidewire Software.

Kin, the Only Pure-Play Direct-to-Consumer Home Insurance Technology Company, to Go Public

Retrieved on: 
Monday, July 19, 2021
Professional services, Data management, Technology, Insurance, Finance, Banking, Finance, Money, Types of insurance, Loans, Insurance, Home insurance, Financial services, Mortgage loan, Professional services, Data management, Technology, Insurance, Finance, Banking, Finance, Money, Types of insurance, Loans, Insurance, Home insurance, Financial services, Mortgage loan, Kin, Omnichannel Acquisition Corp., Kin, OMNICHANNEL ACQUISITION CORP.

Because Kin has eliminated the need for an external agent and has replaced antiquated insurance technology with modern, more efficient technology, Kin can offer attractive pricing to customers without sacrificing margins.

Key Points: 
  • Because Kin has eliminated the need for an external agent and has replaced antiquated insurance technology with modern, more efficient technology, Kin can offer attractive pricing to customers without sacrificing margins.
  • The residential property market cannot function without homeowners insurance, because insurance is required by most mortgage lenders.
  • The home insurance industry has been coasting for years on legacy technology and an antiquated way of interacting with customers.
  • Consumers deserve an easy, affordable and personalized insurance experience, and at Kin, we are building the home for better insurance.

Solera to Acquire ENData

Retrieved on: 
Monday, July 19, 2021
Solera Holdings, Types of insurance, Finance, Solera, General insurance, Insurance, Economy

WESTLAKE, TX, July 19, 2021 /PRNewswire/ --Solera Holdings, Inc. ("Solera"), a global leader in risk and asset management data and software solutions for the insurance and automotive industries, today announced that it has entered an agreement to acquire ENData Pty Ltd ("ENData"), a Brisbane, Australia-based insurance technology provider.

Key Points: 
  • WESTLAKE, TX, July 19, 2021 /PRNewswire/ --Solera Holdings, Inc. ("Solera"), a global leader in risk and asset management data and software solutions for the insurance and automotive industries, today announced that it has entered an agreement to acquire ENData Pty Ltd ("ENData"), a Brisbane, Australia-based insurance technology provider.
  • Through its intelligent platform, ENData partners with insurers to efficiently and dynamically allocate workstreams to participants in the property claims process.
  • Together with ENData, Solera now provides claims and supply chain management solutions to all of the top five general insurance companies operating in Australia, with data and technology solutions that are further extensible around the world.
  • "We are excited that ENData will be joining Solera, the undisputed global leader in insurance claims, allowing the newly-combined team the opportunity to continue to drive innovation and growth," said Mike Lee, Chief Executive Officer of ENData.

Solera to Acquire ENData

Retrieved on: 
Monday, July 19, 2021
Solera Holdings, Types of insurance, Finance, Solera, General insurance, Insurance, Economy

WESTLAKE, TX, July 19, 2021 /PRNewswire/ --Solera Holdings, Inc. ("Solera"), a global leader in risk and asset management data and software solutions for the insurance and automotive industries, today announced that it has entered an agreement to acquire ENData Pty Ltd ("ENData"), a Brisbane, Australia-based insurance technology provider.

Key Points: 
  • WESTLAKE, TX, July 19, 2021 /PRNewswire/ --Solera Holdings, Inc. ("Solera"), a global leader in risk and asset management data and software solutions for the insurance and automotive industries, today announced that it has entered an agreement to acquire ENData Pty Ltd ("ENData"), a Brisbane, Australia-based insurance technology provider.
  • Through its intelligent platform, ENData partners with insurers to efficiently and dynamically allocate workstreams to participants in the property claims process.
  • Together with ENData, Solera now provides claims and supply chain management solutions to all of the top five general insurance companies operating in Australia, with data and technology solutions that are further extensible around the world.
  • "We are excited that ENData will be joining Solera, the undisputed global leader in insurance claims, allowing the newly-combined team the opportunity to continue to drive innovation and growth," said Mike Lee, Chief Executive Officer of ENData.

Discover the Benefits Drivers Get After Dropping Full Coverage Car Insurance

Retrieved on: 
Friday, July 16, 2021
Insurance, Types of insurance

Dropping full coverage is not always recommended, but for some drivers, downgrading their policies can bring several benefits.

Key Points: 
  • Dropping full coverage is not always recommended, but for some drivers, downgrading their policies can bring several benefits.
  • Saving money is the most important benefit drivers can obtain after dropping full coverage.
  • Policyholders can save quite an impressive amount of dollars per year after dropping full coverage.
  • Usually, policyholders consider dropping full coverage when the time for renewing the policy arrives or when they finished financing their vehicles.

MRE Finance LLC is proud to introduce its new flagship website for seniors and critically ill individuals interested in selling their life insurance policies

Retrieved on: 
Friday, July 16, 2021
Finance, Money, Insurance in the United States, Life insurance, Viatical settlement, Types of insurance, Life settlement, Insurance

PASIPPANY, N.J., July 16, 2021 /PRNewswire-PRWeb/ -- MRE Finance LLC is proud to introduce its new flagship website for seniors and critically ill individuals interested in selling their life insurance policies.

Key Points: 
  • PASIPPANY, N.J., July 16, 2021 /PRNewswire-PRWeb/ -- MRE Finance LLC is proud to introduce its new flagship website for seniors and critically ill individuals interested in selling their life insurance policies.
  • MRE Finance is headquartered in Parsippany, New Jersey and is an industry leader with over 25 years of experience in the life settlement & viatical settlement industry.
  • The new website MREFinance.com is focused on helping seniors and critically ill individuals live life with dignity and greater financial stability.
  • Our mission is to educate and help seniors and people who are chronically ill or in retirement to live life with dignity and greater financial stability by selling their life insurance policies.

iCoreConnect Introduces iCoreVerify to Solve One of the Biggest Challenges in the Dental Industry with its Insurance Benefits Verification

Retrieved on: 
Thursday, July 15, 2021
Employee benefits, Insurance, Health insurance, Types of insurance

iCoreVerify, a Software-as-a-Service (SaaS) real-time insurance benefits check, compresses a previously hours or days-long process into a single click by providing dental practices immediate access to benefit coverage from more than 2,100 insurance companies.

Key Points: 
  • iCoreVerify, a Software-as-a-Service (SaaS) real-time insurance benefits check, compresses a previously hours or days-long process into a single click by providing dental practices immediate access to benefit coverage from more than 2,100 insurance companies.
  • The doctors staff clicks a button then immediately and accurately knows the amount the patients insurance plan states it will cover for various types of procedures.
  • iCoreVerify can automatically check insurance benefits seven days prior to a patient visit and empowers offices to check instantly anytime they choose.
  • This is a really big deal for the dental industry, states Robert McDermott, iCoreConnect President and CEO.

INNORULES to Enter the Southeast Asian Financial Market by Winning Digital Transformation Project of the Biggest Japanese Insurance Company

Retrieved on: 
Thursday, July 15, 2021
Professional services, Data management, Technology, Insurance, Finance, Software, Insurance, Premium, Types of insurance

INNORULES, a Korean professional developer of Business Rule Engine, supplied the Digital Product Manager to the innovative digital transformation project of one of the biggest insurance companies in Japan.

Key Points: 
  • INNORULES, a Korean professional developer of Business Rule Engine, supplied the Digital Product Manager to the innovative digital transformation project of one of the biggest insurance companies in Japan.
  • INNORULES is planning to expand into the South East Asian financial market upon this opportunity.
  • The Japanese company first met the INNORULES product when they visited Korea to benchmark Korean insurance companies and it eventually chose INNORULES after conducting the Benchmark Test.
  • The Japanese company adopted INNORULES Digital Product Manager (DPM) for their key tasks and simplified their merchandise structures such as insurance sales, insurance premium receipt, and premium settlement process.

Policygenius Releases July 2021 Life Insurance Price Index

Retrieved on: 
Wednesday, July 14, 2021
Types of insurance, Insurance, Life insurance, Actuarial science, Articles

NEW YORK, July 14, 2021 /PRNewswire/ --Policygenius, the leading tech platform for financial protection, announced today the July data release of the Policygenius Life Insurance Price Index , which displays average monthly life insurance rates using current data from leading life insurance carriers.

Key Points: 
  • NEW YORK, July 14, 2021 /PRNewswire/ --Policygenius, the leading tech platform for financial protection, announced today the July data release of the Policygenius Life Insurance Price Index , which displays average monthly life insurance rates using current data from leading life insurance carriers.
  • In this month's index, analysts took a look at how scuba diving, a popular summer vacation activity, impacts life insurance rates.
  • Life insurance applicants who frequently participate in hazardous activities or hobbies, like scuba diving, can expect to pay higher life insurance rates to offset the risk of an accident.
  • The prices included in the Policygenius Life Insurance Price Index are based on internal actuarial rate tables for 11 of the life insurance carriers that offer policies through the Policygenius marketplace.