LIFE INSURANCE, HEALTH INSURANCE
PRnewswire | April 04, 2023
Sproutt, the life insurance company that modernizes life insurance for agencies, agents, and their customers, today announced the launch of Sproutt SmartLife for Agencies and the acquisition of The Reder Agency, a full-service life insurance brokerage specializing in the traditional and senior markets. SmartLife for Agencies brings to market an AI-assisted first-of-its-kind platform for all aspects of agency business, while the acquisition of The Reder Agency will add over 400 agents nationwide to Sproutt's growing network of producers as part of its evolution toward becoming a full-service distribution ecosystem. The Reder Agency's principal owner, Ben Reder, will join Sproutt as the Senior Vice President of Distribution.
The acquisition of The Reder Agency greatly expands the adoption of Sproutt's SmartLife platform by introducing it to hundreds of experienced life insurance producers, cementing the company's evolved mission of serving as the digital home for the roughly 1.2 million insurance professionals in the U.S. With a shared vision to innovate and scale the insurance sales process, the Reder Agency acquisition enables Sproutt to accelerate growth and offer increased value to life insurance producers.
Sproutt's SmartLife platform allows agents, via the Agent Portal, to make real time decisions to effectively serve the needs of their clients. Within minutes, agents can offer tailored life insurance solutions with top rated carriers and a full spectrum of proprietary products, from term to whole life, with greater ease, speed, and efficiency.
"We are excited to announce our new offering for agencies, which supercharges organizations with the necessary AI tools and products to maximize their distribution, as well as the acquisition of The Reder Agency, which adds hundreds of proven life insurance producers onto the Sproutt platform. I am thrilled to have Ben joining the Sproutt team, as we share the belief that this acquisition will be a major step in Sproutt's commitment to be the platform of choice for insurance producers and brokers across the country" said Yoav Shaham, CEO and Co-Founder. "Within this data-driven industry, which evaluates risk based on consumer data, our unique contribution is that our platform leverages AI to maximize agent production, reduce friction in the sales journey and modernize traditional insurance processes for carriers" explains Shaham.
For Ben Reder, an insurance industry veteran and owner of The Reder Agency for over a decade, this move will allow him to have a bigger impact on the life insurance agents and agencies that he is currently working with, as well as provide incredible value for future partnerships. As Senior Vice President of Distribution, he will continue his focus on providing top tier services and support, while benefiting from the technology and resources that Sproutt provides. "Insurance distribution is moving towards a unified digital experience, for both the client and the agent. Being able to partner with Sproutt and bring our decade-plus of traditional brokerage distribution expertise to a fully digital platform represents an opportunity to merge best-in-class technology with award-winning production," said Reder.
About Sproutt
Sproutt is a life insurance company that modernizes life insurance distribution for agencies, agents, and their customers. Leveraging data and AI, the Sproutt SmartLife platform is set to reshape Life insurance distribution. The platform empowers insurance producers to efficiently assess risk, tailor policies, and enhance customer experience in the most effective and scalable way. Sproutt sells its policies through agents and brokers via its SmartLife for Agents and Agencies. Backed by State of Mind Ventures, Moneta VC, FinTLV, Guardian Life, MS&AD Ventures, MoreTech Ventures, Harel Group, Menora Mivtachim, Raptor Group, and Falcon Edge Capital, Sproutt's business operations are based in New York with an R&D center in Tel Aviv.
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RISK MANAGEMENT, INSURANCE TECHNOLOGY
Businesswire | May 19, 2023
Socotra, Inc. announced availability of their insurance policy core platform Connected Core in AWS Marketplace. This move will make it easier for insurers to adopt the platform, resulting in faster implementation times and improved efficiencies. AWS Marketplace is a digital catalog with thousands of software listings from independent software vendors that make it easy to find, test, buy, and deploy software that runs on Amazon Web Services (AWS).
Socotra's availability in AWS Marketplace is an important step forward in the company's mission to serve the insurance industry through better innovation and technology. It further solidifies Socotra's position as a leading provider of modern enterprise insurance platforms, offering insurers the ability to quickly launch new products, reduce operational costs, and improve customer experiences. Socotra's Connected Core is built on a modern cloud-native architecture, providing insurers with greater flexibility and agility to adapt to evolving market conditions. The platform is highly configurable, enabling insurers to rapidly launch new products and services, and automate underwriting, billing, and claims processes.
“For years, Socotra has valued and enjoyed our enduring relationship with AWS. As we introduce this new facet to our relationship, we believe AWS Marketplace opens the door for insurer customers to leverage Socotra’s Connected Core to modernize and speed their product and service offerings to market,” said Mike Benayoun, Director of Partnerships at Socotra. “AWS Marketplace provides our customers a trusted, convenient, and standardized means of purchasing our software, while confidently deploying on AWS.”
This news comes on the heels of the recent launch of Socotra CorePlus, a line of complete insurance IT solutions designed for Homeowners and Auto, composed of Socotra Connected Core, seamlessly integrated via Socotra App MarketPlace with industry-leading software and data providers. Socotra CorePlus is designed to decrease risk and costs, while increasing speed-to-market and standardization. Through the new availability in AWS Marketplace, insurers can shorten procurement times, implement the controls needed to operate with confidence, and enable their organizations to unlock innovation.
About Socotra
Socotra brings unparalleled speed, flexibility, and choice that gives insurers more control over their businesses. With Socotra’s complete insurance solutions, insurers and MGAs of all sizes can accelerate product development, reduce costs, and improve customer experiences. Socotra provides open APIs, a product-agnostic data model, and out-of-the-box capabilities to manage the entire policy lifecycle, making insurance innovation faster, easier, and more affordable.
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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.
AboutLemonade
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.
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