NeuralMetrics | September 26, 2022
NeuralMetrics, a provider of fast, actionable commercial lines intelligence for insurance lead generation and underwriting, today announced the launch of MarketEdge, an AI-powered platform to research and filter U.S.-based businesses and markets, prequalify leads, and attain desirable insurance customers. Additionally, the solution evaluates the propensity of businesses to change insurance providers in upcoming renewal cycles, enabling insurers to efficiently add qualified policyholders based on business characteristics and risk factors.
With an initial focus on the U.S. workers' compensation market, NeuralMetrics is adding additional commercial lines of business to the MarketEdge product portfolio. MarketEdge uses artificial intelligence (AI) and natural language processing (NLP) to identify qualification information and viable leads so that insurers can reliably pinpoint the best prospects especially important in the workers' comp policy sector, where finding leads is time consuming with low rates of conversion success.
Driven by intelligent technology, MarketEdge leverages information from a variety of public databases and information sources, including OSHA, the Centers for Medicare and Medicaid, the Environmental Protection Agency, paycheck protection recipients, licenses, permits, and inspections, and much more. The company regularly augments data and adds new sources of information.
"The workers' comp market is undergoing significant changes. COVID-19 implications, including shifts to virtual work, as well as the impacts of inflation and cost-cutting measures have business leaders reevaluating and seeking optimal insurance coverage and policyholder services, NeuralMetrics and its MarketEdge solution help carriers, brokers, and agents take advantage of those opportunities, by applying AI and complementary advanced technologies to quickly and accurately identify top targets and prospects."
-Prakash Vasant, CEO, NeuralMetrics
NeuralMetrics is on a mission to make commercial insurance underwriting easier and more efficient. The launch of MarketEdge is a key element of the broader NeuralMetrics platform, which includes SmartRatioTM, an AI-powered solution to help insurers obtain reliable industry classifications and generate compliant data insights and risk intelligence to proficiently underwrite commercial business.
Using SmartRatio, insurance companies and their distribution partners can rapidly classify businesses with just a company name and address, understand the associated risks, and access specific underwriting information required for precise pricing and proposal generation.
NeuralMetrics facilitates comprehensive lead management and accurate, contextual commercial lines underwriting for property/casualty insurance organizations. The company's easy-to-deploy data-aggregation platform is powered by AI and natural language processing to instantaneously and transparently extract industry-compliant, actionable risk-assessment intelligence from dynamic, public sources of information. As a domain-expert partner to insurers, NeuralMetrics enables lead sourcing and qualification, reliable rating classification, incisive underwriting, and precise policy pricing.
CORE INSURANCE,LIFE INSURANCE
CL Life & Annuity Insurance Company and Insurance Technologies | September 26, 2022
Insurance Technologies, LLC., a provider of sales and regulatory automation solutions for the life and annuities insurance industries, announces that CL Life and Annuity Insurance Company (“CL Life”), a provider of insurance products that offer policyholders stable growth, tax deferral and income planning, has launched FireLight® e-Application. CL Life implemented FireLight to get new products to market quickly and efficiently while providing a superior digital agent and customer experience.
“We wanted a digital solution that enabled quick speed to market and supported our digital strategies to make submitting annuity business with CL Life an easy and friendly process for agents, FireLight is the industry leader in the annuity and life market and provides us with the features and integration capabilities to efficiently create modernized and accelerated sales processes.”
-Gary Sorensen, Director of Marketing & Sales, CL Life
CL Life now provides agents with an easy way to sell CL Life annuity products through FireLight’s dynamic wizard e-application experience. The streamlined experience CL Life created includes e-Signature built-in into the sales workflow. So, agents can collect required signatures quickly and submit complete in-good-order application packages direct to CL Life.
At Insurance Technologies, we know the importance of having the resources and tools to get products to market quickly and efficiently, We are happy to be able to supply CL Life the innovation and team support to create new digital sales processes and experiences and introduce new products to the industry quickly,said Clint Moore, Chief Operating Officer, Insurance Technologies.
CL Life implemented FireLight with its new MYGA product released this month.
Insurance Technologies has been a great partner in meeting our business, integration, and workflow requirements, The team at Insurance Technologies was easy to work with and provided the consultative support we needed to meet our implementation goals. We were able to go from concept to implementation in just eight weeks, said Sorensen.
By using the standardized templates and rules within FireLight, we were able to provide a quick and efficient implementation experience, meeting CL Life’s timeline of two months, We are proud of the partnership with CL Life and look forward to working with them as they offer new products and expand their digital journey,said Moore.
About CL Life & Annuity Insurance Company
Headquartered in Fort Worth, Texas, CL Life and Annuity Insurance Company seeks to provide insurance products specially designed for retirement assets that offer stable growth, tax deferral, and income planning. Its mission is to provide competitive products that meet the financial goals of policy holders, investing in assets for the purpose of growing policy holder premiums aimed at generating strong returns with the flexibility to secure their future. CL Life is an affiliate of Crestline Investors, Inc., an institutional investment management firm with approximately $15.4 billion in assets under management.
About Insurance Technologies
Insurance Technologies provides innovative sales and regulatory automation solutions to the insurance industry. Offering a suite of integrated sales solutions, from pre-sale functions to quoting and illustrations through e-application and e-delivery to post-sale services, Insurance Technologies provides carriers and distributors the sales capabilities and tools to create automated and cohesive sales experiences for their advisors and clients across the life and annuities insurance industries. The unique architecture and flexibility of its solutions deliver front and back-office configurability and usability to support multiple business strategies, encourage cross-channel growth and evolve with regulatory changes.
Foresters Financial | September 30, 2022
Foresters Financial™ (Foresters), the fraternal life insurer that's boldly redefining the life insurance industry through innovation, purpose and wellness, is celebrating the 1-year anniversary of the launch of Foresters Go, an innovative wellness platform that integrates wearable app-enabled technology and behavior sciences to inspire and reward healthy lifestyles.
Over the past year, Foresters members have taken over 1,757,592,202 steps, enough to make it to the moon and back twice, or around the globe more than 20 times.
"We are delighted by the robust adoption and utilization of Foresters Go and are proud to celebrate our members' accomplishments over the past year, Some might say I'm over the moon with our results. Rewarding members for living well and giving back underscores the core values of Foresters and our commitment to enriching the well-being of our members and their communities. On behalf of the organization, I'd like to thank and congratulate all participating members on their achievements, and I look forward to reaching new milestones in the years ahead."
-Louis Gagnon, Foresters Financial President and Chief Executive Officer
Foresters Go was launched in September 2021 in partnership with dacadoo AG – an award-winning Insurtech specializing in digital health engagement and health risk quantification. The wearable app helps Foresters' members track their wellness and participate in challenges with other members to improve their health and wellbeing and earn rewards points. It is a complimentary benefit to all Foresters' members across Canada, the United States, and the United Kingdom. Along with earning points for making healthy decisions, members also earn Rewards Points for volunteering in their community.
Foresters Go provides a fun and interactive experience for members to earn exciting rewards and leverage our broader suite of unique member benefits, While we're encouraged to see so many members embrace and benefit from an active lifestyle, Foresters Go offers much more than fitness initiatives, including guidance on several areas of wellness such as nutrition, volunteerism, sleep, mental wellbeing, mindfulness and more,said Nicole Gourley, Global Chief Membership and Marketing Officer at Foresters.
To celebrate the 1-year anniversary of Foresters Go, all registered users will be awarded $5 in Foresters Go points, while the first 1,000 new non-registered users will receive $15 in Foresters Go points (local currency) if they sign up prior to December 31, 2022.
Life Insurance with a Larger Purpose
Foresters Go is part of the Foresters goal to develop innovative member benefits, products, and service offerings that promote a lifetime of well-being, and align with Foresters fraternal purpose to enrich the lives of families and their communities. That's life insurance with a larger purpose.
Bringing a better, new normal to everyday families, Foresters offers a suite of unique member benefits and is redefining the conventional life insurance model. Member benefits include opportunities for scholarships, orphan benefits, community volunteer grants, document preparation services for creating wills and other legal documents, Lifelong Learning, MemberDeals, and more.
About Foresters Financial
Foresters Financial is redefining the life insurance and individual savings industry across the U.S., Canada and UK by enriching the lives, communities, and overall well-being of its members. Agents and members alike appreciate the turnkey-decisioned product offerings and end-to-end digitized sales processes that make it easy to get life insurance without traditional medical exams. State-of-the-art mobile tools help agents deliver tailored insurance protection to members. Dedicated to its members' well-being, Foresters offers a suite of member benefits and is redefining the conventional life insurance model, bringing improved financial security and overall wellness to everyday North American families. Foresters joined forces with Canada Protection Plan in 2020 to add being a leading life insurance distributor to its Canadian business. Foresters Financial is the trade name for The Independent Order of Foresters, the oldest non-denominational fraternal benefit society. For 22 straight years, The Independent Order of Foresters has received an "A" (Excellent) rating from A.M. Best.