Insurance

Independent Brokers Agency Selects Indio to Automate Application Process

Tuesday, January 28, 2020 - 2:00pm

SAN FRANCISCO, Jan. 28, 2020 (GLOBE NEWSWIRE) -- Indio Technologies, a division of Applied Systems, today announced that Independent Brokers Agency has selected Indio to fully automate the client data capture and application experience for their business.

Key Points: 
  • SAN FRANCISCO, Jan. 28, 2020 (GLOBE NEWSWIRE) -- Indio Technologies, a division of Applied Systems, today announced that Independent Brokers Agency has selected Indio to fully automate the client data capture and application experience for their business.
  • Leveraging Indio in conjunction with Vertafore Catalyst, Independent Brokers Agency will eliminate time wasted filling out information across multiple paper applications and enable a digital, collaborative insured application experience to drive operational efficiency and business growth.
  • As we looked to grow our business, we required technology that would alleviate back office inefficiencies while creating a more seamless application experience for our customers, said Michael Swatske, operations manager, Independent Brokers Agency.
  • Indio will enable Independent Brokers Agency to digitize a notoriously broken process in our industry, delivering a truly digital application and renewal experience so focus can remain on revenue generating activities and providing an enhanced customer experience.

Risk Strategies Acquires Weaver Bros. Insurance Associates, Inc.

Tuesday, January 28, 2020 - 2:00pm

BOSTON, Jan. 28, 2020 (GLOBE NEWSWIRE) -- Risk Strategies , a privately held, rapidly growing national insurance brokerage and risk management firm, today announced that it has acquired Weaver Brothers Insurance, Inc. , a full-service brokerage based in Bethesda, Maryland and one of the largest independent insurance brokerages in the Washington, D.C. area.

Key Points: 
  • BOSTON, Jan. 28, 2020 (GLOBE NEWSWIRE) -- Risk Strategies , a privately held, rapidly growing national insurance brokerage and risk management firm, today announced that it has acquired Weaver Brothers Insurance, Inc. , a full-service brokerage based in Bethesda, Maryland and one of the largest independent insurance brokerages in the Washington, D.C. area.
  • We believe businesses today need true specialists who understand their unique risks and can devise effective, innovative ways to manage them, said John Mina, Risk Strategies CEO.
  • In addition to its specialty work in embassy and diplomatic risk, Weaver Bros. business insurance division has established and grown practices in real estate and contractors, automobile dealers, and non-profits.
  • Risk Strategies serves commercial companies, non-profits, public entities and individuals, and has access to all major insurance markets.

The Hartford Ranks No. 1 Among Property-Casualty Insurers In Forbes’ List Of America’s Best Employers For Diversity

Tuesday, January 28, 2020 - 1:30pm

The Hartford is the highest ranked property-casualty insurance company in Forbes annual list of Americas Best Employers for Diversity.

Key Points: 
  • The Hartford is the highest ranked property-casualty insurance company in Forbes annual list of Americas Best Employers for Diversity.
  • The Hartford ranked 11th overall in the list of 500 companies representing a broad array of industries nationwide.
  • View the full release here: https://www.businesswire.com/news/home/20200128005453/en/
    The Hartford is the highest ranked property-casualty insurance company in Forbes annual list of Americas Best Employers for Diversity.
  • (Graphic: Business Wire)
    We are honored to be recognized again for our industry-leading, diversity and inclusion practices, said The Hartfords Chief Diversity & Inclusion Officer, Susan Johnson.

ValChoice Takes On the Insurance Industry with the First Comprehensive Platform for Rating and Selecting Car and Home Insurance

Tuesday, January 28, 2020 - 1:00pm

The new Car and Home Insurance Calculators expose the massive insurance pricing disparity that causes millions of consumers to overpay for subpar insurance protection.

Key Points: 
  • The new Car and Home Insurance Calculators expose the massive insurance pricing disparity that causes millions of consumers to overpay for subpar insurance protection.
  • In addition to the calculators, ValChoice now provides free independent insurance company ratings and an optional opt-in service that matches consumers directly with agents for the best companies.
  • The insurance purchasing process is a mess and consumers are often victims, overpaying substantially for poor protection, said Dan Karr, CEO and Founder of ValChoice.
  • Insurance Company Ratings Access these free services by going to the Car Insurance Ratings for auto insurance value, claims and service grades and by going to Home Insurance Ratings for home insurance grades.

Protective Life Realigns Operational Structure with Focus on Customer Needs

Tuesday, January 28, 2020 - 1:30pm

Protective Life Corporation (Protective), a wholly owned U.S. subsidiary of Dai-ichi Life Holdings, Inc. (TSE:8750), today announced a new structure that organizes its life and annuity retail businesses into two distinct operating divisions based on customer needs: Protection and Retirement.

Key Points: 
  • Protective Life Corporation (Protective), a wholly owned U.S. subsidiary of Dai-ichi Life Holdings, Inc. (TSE:8750), today announced a new structure that organizes its life and annuity retail businesses into two distinct operating divisions based on customer needs: Protection and Retirement.
  • We are excited to announce this new operating structure, which we believe will help us better serve customer needs, develop our next generation of leaders and drive strategic growth.
  • Protective Life Corporation (Protective) provides financial services through the production, distribution and administration of insurance and investment products throughout the U.S.
  • Protective traces its roots to its flagship company, Protective Life Insurance Company founded in 1907.

ComPsych Corporation Continues Aggressive Growth with Opening of St. Louis Office

Tuesday, January 28, 2020 - 2:00pm

ComPsych Corporation has announced the opening of its St. Louis office, located downtown at the One Metro Square building.

Key Points: 
  • ComPsych Corporation has announced the opening of its St. Louis office, located downtown at the One Metro Square building.
  • ComPsych provides services to more than 50,000 organizations covering more than 109 million individuals throughout the U.S. and 160 countries.
  • As part of its St. Louis expansion, ComPsych will continue to grow its customer base, operations and number of employees within the region.
  • The St. Louis office will be overseen by a veteran management team with rich backgrounds in operational leadership and clinical expertise.

VPay Continues Three-Year Growth Streak in 2019

Tuesday, January 28, 2020 - 2:00pm

VPay , a leading turnkey payment platform, today announced a successful close to 2019 that included significant growth in revenue, customers and employees.

Key Points: 
  • VPay , a leading turnkey payment platform, today announced a successful close to 2019 that included significant growth in revenue, customers and employees.
  • In 2019, VPay realized a 225 percent increase in dollars processed across these industries, which represented 195 percent growth in transactions across more than 970,000 unique service providers.
  • In addition to the strong company growth in 2019, VPay continued to elevate its position in the market by introducing new, mobile-friendly functionality for policyholder, claimant and multiparty payment.
  • VPay was named a Preferred Partner for ACH disbursements by the National Automated Clearing House Association (Nacha) in 2019.

MetLife Clients in The Gulf to Receive Enhanced User Experience with Launch of Data Engine, DataWorx

Tuesday, January 28, 2020 - 12:46pm

Employers in the Gulf can look forward to a more interactive way to make informed financial and health decisions thanks to the launch of MetLifes enhanced data analytics engine, DataWorx.

Key Points: 
  • Employers in the Gulf can look forward to a more interactive way to make informed financial and health decisions thanks to the launch of MetLifes enhanced data analytics engine, DataWorx.
  • DataWorx is an advanced analytics engine that provides employers with insight-driven, visual reports detailing the financial performance of their medical policy, and clinical experience of their employees.
  • At MetLife, were committed to investing in tools that place our clients in the driver's seat, said Antwi.
  • MetLife, Inc. (NYSE:MET), through its subsidiaries and affiliates ("MetLife"), is one of the largest life insurance companies in the world.

American Crop Insurance Partners with Farmers Edge to Provide Superior Insurance Services and Personalized Coverage to Growers

Tuesday, January 28, 2020 - 12:00pm

American Crop Insurance , a provider of insurance services in the Northeast region of the United States, has partnered with Farmers Edge , a global leader in digital agriculture, to disrupt the traditional insurance model and create a superior, data-driven experience.

Key Points: 
  • American Crop Insurance , a provider of insurance services in the Northeast region of the United States, has partnered with Farmers Edge , a global leader in digital agriculture, to disrupt the traditional insurance model and create a superior, data-driven experience.
  • View the full release here: https://www.businesswire.com/news/home/20200128005291/en/
    American Crop Insurance partners with Farmers Edge to use the digital agriculture company's technologies to create a digital connection with growers.
  • American Crop Insurance is proud of our high-tech, personalized approach to working with growers, and our partnership with Farmers Edge is enabling us to take it to the next level, said Jim Stinson, general sales manager, American Crop Insurance.
  • By creating a seamless connection with their growers, American Crop Insurance can tap into real-time data, ensuring they have the highest-quality data sets to support personalized services, said Wade Barnes, Farmers Edge CEO and co-founder.

Accenture Receives Two XCelent Industry Awards for Life Insurance Policy Administration

Tuesday, January 28, 2020 - 12:59pm

Accenture (NYSE: ACN) has received two XCelent awards for its life insurance and annuity platform in a recent report from research and advisory firm Celent.

Key Points: 
  • Accenture (NYSE: ACN) has received two XCelent awards for its life insurance and annuity platform in a recent report from research and advisory firm Celent.
  • View the full release here: https://www.businesswire.com/news/home/20200128005109/en/
    In the report, North American Policy Administration Systems ABCD Vendor View , Celent recognized the Accenture Life Insurance and Annuity Platform (ALIP) as the top performer among 20 life and annuity policy administration systems in the Breadth of Functionality and Depth of Service categories.
  • It is very much like a system selection process, and to receive awards across two of our four metrics is a compliment to Accenture and their product.
  • Accentures life and annuity software is part of Accenture Life Insurance Services.