PCF Insurance | July 22, 2020
PCF Insurance, a commercial insurance brokerage backed by middle market private equity firm HGGC, has officially bucked the pandemic-related broker M&A slump, sealing four deals since April 01.
The Woodland Hills, CA-based brokerage, which provides a full suite of risk management and employee benefits solutions to small and mid-sized businesses and personal clients, has been on the acquisition train for many months. The four regional deals announced today – the first set made since HGGC invested in the business in April - add to the nine acquisitions the brokerage completed in the first quarter, taking its current 2020 deal count up to 13.
Overhaul | January 12, 2022
Overhaul and Movingdots are collaborating to provide motor carriers with the necessary actionable data to identify and address driver behavior. Movingdots is a technology subsidiary of Swiss Re developing data-driven mobility solutions for insurers, car manufacturers and platform providers globally. Overhaul is the industry's first and only software-based, supply-chain visibility, integrity, and security solution for the world's leading brands. Overhaul's TruckShield platform will work with Movingdots' telematics solution Coloride to enhance data gathering and machine learning techniques, allowing carriers to detect and correct risky driver behavioral events, helping ensure on-time shipments while also lowering costs for insurers.
According to the National Highway Traffic Safety Administration (NHTSA), in the US in 2019, more than 118,000 large trucks were involved in crashes resulting in an injury, a 5% increase from 2018. As a result, motor carrier coverage has risen dramatically in recent years, with premiums projected to rise more than 14% in 2021 and yearly coverage rates as high as $30,000 per year in some cases. By partnering together, Movingdots and Overhaul will ultimately lower insurance costs and premiums by assisting clients in identifying risky behavior and changing it – improving their overall risk management by adopting better driving behaviors and helping to reduce the number of accidents.
"Coloride technology can coach drivers to implement safer driving behaviors, preventing accidents on the road, By joining forces with Overhaul, many more commercial fleets will get access to this technology. Drivers will see their trip details including risk events like excessive speeds and will have an overview on how to improve their driving style. We are thrilled to continue spreading safety and innovation in mobility through cutting-edge technology together with Overhaul."
-Donato Genovese, Movingdots' CEO.
Using the trucking industry's first and only app-based risk management technology, insurers can rely on TruckShield and Coloride to showcase fleet safety and deliver reliable data that can be critical when determining insurance pricing. Coloride's events detection software algorithms can identify driver behaviors such as speeding or harsh braking; coupled with TruckShield's ability to implement corrective coaching, carriers can reduce future risks and accidents through effective actions.
"Motor carrier owners and operators alike are facing astronomical insurance rates and having to reallocate funds and resources, only creating more hurdles and roadblocks for the industry, Our work with Movingdots is helping revolutionize a trucking industry that's in need of any opportunity to gain a competitive advantage, be it increased visibility, on-time deliveries or lower insurance premiums. We're proud of our ongoing innovations with the Movingdots team and look forward to standing by our trucking clients across each and every route."
-David Broe, COO of Overhaul.
Founded in 2016 and headquartered in Austin, Texas, Overhaul is the industry's first and only holistic, end-to-end solution that optimizes supply-chain visibility, integrity, and security for global enterprises. Its software-based approach offers high configurability and efficient time-to-value to supply-chain organizations without heavy tech. Additionally, Overhaul's logistics-experts team partners with each client to create a fully customized and comprehensive solution for the entire supply chain. As such, Overhaul has quickly grown to be a trusted provider for Fortune 100 companies moving freight globally across industries, such as pharmaceutical and healthcare, technology, logistics, and food and beverage. Customers include Microsoft, Bristol Myers Squibb, Gordon Food Service, and many others.
About Movingdots GmbH
Movingdots GmbH is a subsidiary of Swiss Re, one of the world's leading providers of reinsurance, insurance and other forms of insurance-based risk transfer. The automotive industry and customer needs are changing quickly with vehicles becoming electric, shared, connected and autonomous. At Movingdots, we develop data-driven mobility solutions for insurers, car manufacturers and platform providers worldwide to succeed through these trends. Learn more about our modular, end-to-end telematics app solution Coloride, the award-winning ADAS risk score, our fleet management solutions and other products on our website. In 2022 Movingdots is listed among the top 250 insurtechs worldwide to watch by Digital Insurance Agenda.
Atlas General Insurance | May 21, 2020
Atlas General Insurance Services announced the formation of the Client Solutions Group.
Solutions Group, where the first available Client Solutions Representative will take your call and find solutions to your questions or concerns.
The types of questions the Client Solutions Group addresses are often centered on billing, audit, submission, or commission issues.
Atlas General Insurance Services is proud and excited to announce the formation of the Client Solutions Group. This group will be housed at our corporate headquarters, managed by Brent Lambert, and staffed by a group of individuals trained to manage the most common questions and challenges observed in our partner base community.
Similar to the rest of the insurance industry, Atlas is taking advantage of the technological advances to improve efficiency and convenience for the company and most importantly for our clients. As businesses continue to become highly automated, we find a common denominator in our clients’ feedback regarding the difficulty to reach a ‘live person’ by phone. As a result, innovation loses its value if it comes at the expense of those whom we are trying to serve.
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Instead of reaching an automated operator giving you multiple choices that might not fit your particular question or need, all calls are now routed directly to our Clients Solutions Group, where the first available Client Solutions Representative will take your call and find solutions to your questions or concerns. In the event that our CSR is unable to assist with your inquiry, they will perform a “warm transfer” to another Atlas team member who is best able to support you. If assistance is not immediately available, they will take ownership of the question or concern and perform all necessary follow-up until a resolution is found.
The types of questions the Client Solutions Group addresses are often centered on billing, audit, submission, or commission issues. It is important to point out that very few calls or concerns fall outside our ability to resolve the inquiry. As a value-add to partnering with Atlas, your questions will now be answered with you on the phone. Client Solutions Group is determined in strengthening relationships between our team members and clients for a much more successful interaction with Atlas.
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We encourage our clients to try this convenient offering by giving us a call regarding an existing transaction, or perhaps even calling us with a new transaction to show our commitment to efficient solutions and excellent service.
About Atlas General Insurance Services, LLC
Atlas General Insurance Services is a full-service program administrator that offers a wide range of insurance solutions. Atlas has expertise in developing and underwriting programs with a variety of insurance carrier partners. Atlas provides exceptional service and unique options for clients seeking workers’ compensation, commercial lines and specialty property coverage.