CORE INSURANCE, INSURANCE TECHNOLOGY
Businesswire | June 09, 2023
Talon Cyber Security, the leader in enterprise browser technology, today announced that Lemonade, Inc. (NYSE: LMND) has chosen the Talon Enterprise Browser to more easily navigate post-acquisition business integrations and to secure unmanaged devices in use across its environment.
Lemonade, the digital insurance company powered by AI and social impact, offers renters, homeowners, car, pet and life insurance. The company uses machine learning to make insurance instant and simple for individuals and is expanding globally.
Dealing with a complex, distributed workforce and business integration efforts following an acquisition in July 2022, Lemonade made the decision to simplify its security stack by deploying the Talon Enterprise Browser. Lemonade evaluated other browser security solutions, and ultimately selected Talon due to its advanced protection capabilities, granular control features, superior user experiences, and the wide range of use cases the solution addresses.
“As a company that prides itself on its ability to make life easier for our customers, we could not consider any solution that was going to hinder the productivity of our workforce,” said Jonathan Jaffe, Chief Information Security Officer, Lemonade. “We needed a technology that was easy to use, did not change how our users work, and would give us the enhanced protection we were looking for. The transition from Chrome to Talon’s browser was frictionless for our users, and has helped us better secure our environment.”
As a growing company, Lemonade may use third-party partners to support its business and scale operations. These third parties may work from unmanaged devices that Lemonade’s security team would have little visibility into if not for Talon. By requiring access from Talon’s non-invasive browser on these devices, Lemonade’s security team gains pivotal visibility and control, extending the security of the organization to these users.
“We can secure any user across the organization, irrespective of the type of device used,” added Jaffe. “This allows us to onboard more people, more quickly, and simplify the process. With Talon, we can improve onboarding in a way that prioritizes security.”
Talon’s Enterprise Browser simplifies and improves security by allowing organizations to secure any user, in any location, on any device. With Talon, security teams benefit from deep visibility into and control over browser and web activity, including protections around screenshots, copy and paste, downloads and uploads, and enterprise-grade security features like authentication, data loss prevention and Zero Trust controls. Based on Chromium, Talon’s Enterprise Browser drastically reduces the cost and complexity of security programs, while protecting end-user privacy and delivering superior user experiences.
“To be entrusted with securing Lemonade’s workforce is an honor,” said Ofer Ben-Noon, co-founder and CEO, Talon Cyber Security. “We are confident that Talon’s approach of securing users at the very point they interact with corporate applications and data – the browser – will be a competitive advantage for Lemonade going forward. We look forward to working closely together to ensure that their team realizes unmatched value from our solution.”
About Talon Cyber Security
Talon Cyber Security enables customers to secure any user, in any location, on any device with its market leading enterprise browser. Built on Chromium, the Talon Enterprise Browser provides customers with the consistent user experiences, deep security visibility, and control over SaaS and web applications needed to simplify security for the modern enterprise. Talon was named the Most Innovative Startup of 2022 at the prestigious RSA Conference Innovation Sandbox Contest. For more information, visit Talon at talon-sec.com, or connect on LinkedIn and Twitter.
Lemonade is digital insurance built on social impact. That means you can sign up instantly to cover your stuff, home, pets, family and car all within one app. It also means your unused premiums are donated to a charity of your choice through Lemonade’s Giveback, which has given over $4 million to non-profit organizations around the world.
WORKERS COMPENSATION, INSURANCE TECHNOLOGY
PRnewswire | June 08, 2023
NEXT Insurance, a leading digital insurtech transforming small business insurance, today announced its expanded partnership with Gusto Embedded. The strengthened partnership will exclusively offer NEXT's pay-as-you-go workers' compensation to the small business customers of Gusto Embedded partners through NEXT's industry-leading, fully embedded insurance solution, NEXT Connect. Users can benefit from NEXT's technologically advanced, in-house pay-as-you-go offering for workers' compensation which enables better cash flow management for small businesses and ensures they only pay for the coverage they need. This solution marks the first time workers' compensation insurance is being offered through an embedded payroll experience.
Available now, small business owners can get a free quote within minutes and sign up for a pay-as-you-go workers' compensation policy to protect their businesses from unexpected expenses, all within the third-party SaaS platforms, taking advantage of this unique embedded fintech partnership.
"NEXT and Gusto Embedded unite under the shared goal of supporting small businesses across the U.S. with the tools they need to simplify two of the most complex functions they'll face at work: insurance and payroll," said Eran Liron, Chief Strategy Officer at NEXT Insurance. "Offering this digital embedded payroll experience together with Gusto allows us to streamline this process, making it easier and more convenient for small business owners to stay compliant and protect themselves, all from the partners they trust most."
With NEXT Connect, signing up for workers' compensation can be seamlessly integrated into a third-party software at the time of payroll onboarding or elsewhere in the user interface. This enables more contextual offers for payroll and workers' compensation based on customer data or activity, including in-app notifications about the next steps that should be taken once you've hired your first employee. NEXT and Gusto Embedded's partnership enables a more convenient way for small businesses to stay compliant and protect themselves.
"Allowing small businesses to access reliable payroll and pay-as-you-go workers' comp products embedded in the software solutions they use already saves them time, reduces errors, and gives them peace of mind," said Yi Liu, General Manager of Gusto Embedded. "The expanded solution with NEXT allows our partners to offer small businesses workers' compensation seamlessly and quickly, while also advancing our goal of helping businesses create great places to work and helping our partners grow revenue."
NEXT Connect enables small business partners in industries including payroll, POS (point of sale), accounting, e-commerce, banking and others to purchase fast and affordable insurance coverage in a way that is convenient for them, either entirely online or with the assistance of a licensed insurance agent.
About NEXT Insurance
NEXT Insurance is transforming small business insurance with simple, digital and affordable coverage tailored to the self-employed. Trusted by over 450 thousand business owners, NEXT offers policies that are easy to buy and provides 24/7 access to Live Certificates of Insurance, Additional Insured, and more, with no extra fees. Revolutionizing a historically complicated insurance industry, NEXT utilizes AI and machine learning to simplify the purchasing process and provide more affordable coverage. Founded in 2016, the company is headquartered in Palo Alto, has received a total of $881 million in venture capital funding, is rated "A- Excellent" by AM Best and has been recognized by CNBC Disruptor 50, Forbes Fintech 50, Inc.'s Best-Led Companies, and Forbes Best StartUp Employers. To learn more about partnering with NEXT and the value of embedded insurance, please visit NEXT's partner page. Stay up to date on the latest with NEXT on Twitter, LinkedIn, Facebook and our blog.
Gusto is a modern, online people platform that provides more than 300,000 SMBs with the tools and services they need to hire, pay, insure, and support their teams. Gusto Embedded, a developer platform and support infrastructure, enables software platforms to offer in-app, modern payroll products to their customers as well. With Gusto Embedded, SaaS developers can leverage Gusto's 10+ years of experience as well as Gusto's tax filing, payments, and compliance infrastructure in order to build deeply integrated, tailored payroll products that improve the user experience and drive revenue.
CORE INSURANCE, LIFE INSURANCE
PRnewswire | June 07, 2023
Policygenius and Labyrinth Financial Services (LFS) announced a partnership that leverages Policygenius' term life fulfillment platform Policygenius Pro to streamline term life insurance for LFS partners and simplify the application process for clients.
Policygenius Pro is a turnkey partnerships platform that helps advisors and financial professionals simplify the life insurance application process while providing a white-glove experience to their clients. With this tool, LFS partners can refer their clients to Policygenius to take them through the process, from finalizing policy selection to completing the application, gathering underwriting requirements, and placing coverage in force.
This partnership affords LFS and their partners significant time-savings by eliminating the need for internal case management while ensuring that they maintain insight into life insurance applications at every step of the fulfillment journey. For LFS partners, offering Policygenius Pro means that they can provide a more holistic set of financial protection services to their clients without having to sacrifice valuable face-to-face time.
"At LFS, our goal is to help our partners maximize their client-facing time and reduce the administrative burden of processing life insurance," Britt Cross, President of LFS, said. "Partnering with Policygenius Pro allows us to do just that while ensuring that our partners and their clients receive a superior experience."
With Policygenius Pro, LFS partners can access Policygenius' wide variety of insurers, coverage types, and policy options, including accelerated underwriting offerings exclusively available on the Policygenius Pro platform. Partners also receive support from an expert staff of 200+ dedicated specialists for case management, underwriting, and product support.
Partnering with LFS means that Policygenius Pro can expand their services to LFS's large breadth of partners, including broker dealers, wirehouses, banks and credit unions, financial advisory firms, and independent financial professionals. This helps Policygenius Pro continue to diversify its partnership base and reach clients from a variety of financial planning backgrounds.
"The commitment LFS has to providing a superior life insurance experience for its partners and their clients is a great example of what teams can do with Policygenius Pro," Jennifer Fitzgerald, President of Policygenius, said. "We are thrilled to expand into their ecosystem of partners and work with their team to save their case managers time and provide a smooth application process for their clients."
To date, Policygenius Pro has helped partners cut placement times by half, on average, and reduced the average time an advisor spends on an application from 2.5 hours to 15-20 minutes.
About Policygenius Pro
Policygenius Pro is a turnkey partnerships platform that helps independent agents and financial advisors accelerate and streamline life insurance sales. With this program, Policygenius provides its one-stop-shop insurance solution to financial advisors, independent agents, community banks, credit unions, and more, with the goal of helping partners' clients get the insurance coverage they need. Partners receive access to a wide variety of insurers, coverage types, and policy options, including accelerated underwriting offerings exclusively available on the Policygenius platform.
Policygenius transforms the insurance journey for today's consumer, providing a one-stop platform where customers can compare options from top insurance carriers, get unbiased expert advice, buy policies, and manage their insurance portfolio, in one seamless, integrated experience. Our proprietary technology platform integrates with the leading life, disability, and home & auto insurance carriers and delivers an exceptional digital experience for both consumers and insurance carriers. Since 2014, our content, digital tools, and experts have served as a resource for millions of people on their insurance journey, and we have sold more than $200 billion in coverage.
About Labyrinth Financial Services (LFS)
LFS is a national insurance brokerage agency specialized in offering comprehensive insurance planning support and resources for individuals and groups of financial professionals. LFS has provided a best-in-class experience in the risk management space for broker dealers, banks, large agencies, and independents for over 20 years. Partner firms and financial professionals receive dedicated resources through point-of-sale insurance planning support, sophisticated solution design and all the additional services required to run a highly successful, well-rounded offering that includes insurance.