Sentry Insurance | August 30, 2021
Sentry Insurance has launched Sentry Risk Factor, its proprietary risk management tool. By gathering detailed information through quality conversations with dealers, the tool helps evaluate, identify, and measure a dealership's potential risks that could lead to a large loss, and potentially, temporary business closure.
"We know how hard dealerships work to build their business and reputation, and we want to do our part by actively helping them reduce their risks," said John Hyland, president of direct writer at Sentry Insurance. "With Sentry Risk Factor we can help a business measure risks, including the ones that are less obvious and often unforeseen, to help prevent devastating loss at a dealership."
The first, and most important, step in the process is to have an in-depth conversation with a Sentry representative to discuss current operations and the safety culture at a dealership. The conversation allows a Sentry representative to identify risks across five different categories: safety culture, auto risk, building and inventory risks, service practices, and premises observations. Based on information gathered during this initial conversation, Sentry representatives use Sentry Risk Factor to assign a dealership one of three rankings—best in class, average, or red flag.
Based on the overall rankings, Sentry Risk Factor generates a report that details the results and proposes steps to help a dealership mitigate risk. An additional benefit for customers includes recommended safety resources that dealerships can access via their online accounts. Sentry Risk Factor is available for current and prospective customers.
Sentry is a leading provider of commercial insurance programs to more than 3,000 dealers throughout the country. Sentry is also endorsed by John Deere and Harley-Davidson as the preferred provider of commercial insurance for their dealerships. Visit the Sentry Risk Factor page to learn more.
Sentry Insurance is a part of one of the largest and most financially secure mutual insurance groups in the United States, holding a Financial Strength Rating of A+ (superior) from AM Best, current as of June 2021. See ambest.com/ratings/guide.pdf for rating information. Sentry and its subsidiaries and affiliates sell property and casualty insurance, life insurance, annuities, and retirement programs for business and individuals throughout the country. Headquartered in Stevens Point, Wisconsin, Sentry employs more than 4,300 associates across the country.
Guidewire | May 12, 2021
P&C insurers trust Guidewire Software to engage, innovate, and expand effectively, and the company today announced the latest release of its market-leading cloud platform. On the 11th and 12th of May, Cortina will be unveiled at Connections Reimagined.
The event-based, API-first Integration Framework from Cortina speeds up the link of Guidewire to other platforms, allowing teams to simplify further workflows and drive creativity. Closed-loop analytics provides specific information during the insurance lifecycle, allowing claims and underwriting experts to make smarter, quicker decisions. Furthermore, platform evolution through Application Services enables developers to experiment and build quicker to keep up with the competition.
Expanded Application Services makes integrations and other InsuranceSuite interactions easier to build and maintain.
• Guidewire Cloud Console—Enhanced tooling to enable IT self-service with provisioning and deployment, as well as database backups and restores. What used to take two people 20 days now takes one person 15 minutes to provision and deploy.
• Guidewire Claims Autopilot**—Cloud-based claims service that allows for an automation-first approach to claims handling, enabling insurers to leverage artificial intelligence, analytics, and digital technologies to deliver better customer experiences, while lowering operating expenses.
Insurers are empowered to make better-informed decisions with closed-loop analytics enabled by Data Studio.
• Closed-loop analytics — A new holistic solution, Initial Segmentation for Auto/Motor Claims in ClaimCenter, improves claims processing efficiency.
• Data Studio — A new data management tool to access, create, and publish business-ready data sets to enable insurers to leverage their data wherever it’s needed.
Integration Framework reduces the complexity of integrations across the P&C lifecycle.
• InsuranceSuite Cloud API expansion—Broader functional coverage enables apps to do more using the APIs. Further improving the Guidewire developer experience, the ClaimCenter API reference is now publicly available for developers.
• Integration Gateway —A new integration service that orchestrates calls to and from InsuranceSuite and third-party applications. Reduced integration complexity enables developers to drive more innovation.
• Application Events — A new integration service enabling developers to easily publish event streams from InsuranceSuite that “push” data and events to external systems. This service automates more processes and enables insurers to create their differentiating ecosystem of connected apps and services.
With twice-yearly launches since the launch of Aspen in May 2020, the organization has been increasing the importance of its platform. Guidewire Cloud is being chosen by insurers to replace self-managed deployments, power greenfield implementations, and transition their core business. Thirty-three Guidewire InsuranceSuite clients have chosen Guidewire Cloud, with 12 now operational.
For the third year in a row, Guidewire was positioned as a Leader in Gartner, Inc.'s Magic Quadrant for Non-Life Insurance Platforms, Europe1. Furthermore, Guidewire was named a Leader in Gartner, Inc.'s Magic Quadrant for P&C Core Platforms, North America for the sixth time in a row.
For the third year in a row, Guidewire was positioned as a Leader in Gartner, Inc.'s Magic Quadrant for Non-Life Insurance Platforms, Europe1. Furthermore, Guidewire was named a Leader for the sixth time in a row in Gartner, Inc.'s Magic Quadrant for P&C Core Platforms, North America2 for InsuranceSuite, and a Challenger for the fourth time in the same report for InsuranceNow.
Guidewire is the forum that P&C insurers rely on to effectively participate, evolve, and expand. To offer our platform as a cloud service, we combine digital, central, analytics, and AI. Guidewire is used by over 400 insurers, ranging from start-ups to the world's biggest and most sophisticated.
As a supplier to their clients, they are constantly evolving to support their growth. They are proud of our unmatched implementation track record, with 1,000+ active initiatives supported by the industry's biggest R&D team and partner ecosystem. Hundreds of applications are available in their marketplace to help with integration, localization, and innovation.
DOXA INSURANCE | October 07, 2021
AGIA, Inc. and its sister company Worldwide Rescue and Security, Inc. (collectively AGIA) are pleased to announce their respective acquisitions by DOXA Insurance Holdings, LLC (DOXA). AGIA will continue operations under the leadership of CEO Chris Burke and team and will retain the AGIA and Worldwide Rescue and Security names.
AGIA is one of the industry's few remaining affinity focused program managers of its size, scale, and brand value. For more than 65 years, the company has maintained a national reputation for delivering creative and effective affinity products, marketing excellence, and providing a superior level of service to its marquee client roster, which includes some of the largest and most iconic associations, affinity groups, and organizations in the country.
Our senior leadership, board of directors, and ownership considered a variety of strategic plans to power AGIA's continued growth and ultimately decided that it was time to make AGIA a part of something bigger, with more growth opportunities and an investment appetite that would also include funding targeted acquisitions,Taken together, DOXA's mission, vision, and corporate cultures were a perfect fit for us.
- Chris Burke, President and CEO of AGIA.
DOXA is a privately held company whose mission is to build a diversified underwriting and distribution platform that delivers value for clients, customers, carriers, and investors via thoughtful acquisitions and organic growth. AGIA represents for DOXA an entry point of scale, highly specialized expertise, and intellectual capital in the affinity space; it will become the platform upon which DOXA will build its business and growth in the affinity and program management sector.
I'm excited to welcome AGIA to the DOXA family of companies, We share a vision to become the choice builder and provider of highly specialized niche programs and products; and we look forward to helping AGIA achieve the next-level growth they so strongly desire.
- Matt Sackett, DOXA's CEO.
Dowling Hales, LLC advised AGIA, Inc.; the terms of the transaction were not disclosed.
ABOUT DOXA INSURANCE:
DOXA INSURANCE HOLDINGS is a Midwest-domiciled holding company that acquires specialty niche-focused insurance distribution companies such as Managing General Agencies, Wholesale Brokers, and Program Administrators. DOXA focuses on assisting proprietors through a strategic, reengineered approach to succession planning and organizational sustainability. DOXA's founders are experienced insurance executives with credentials in the niche and specialty insurance market.
For more than 65 years, AGIA has served as the insurance and member benefits marketing and administration partner to some of the largest and most iconic associations and organizations in the country. Working closely with discipline, science, and creativity, we craft affinity benefit programs that help members protect what they value most.