Cision PR Newswire | September 24, 2020
Sapiens International Corporation, a leading global provider of software solutions for the insurance industry, announced today it has partnered with GreenRoad Technologies, a recognized leader in advanced and predictive driving risk analysis for the automotive industry. The partnership will enable automotive insurance carriers to secure a new level of risk assessment data about their drivers on a dynamic basis, making it possible for them to provide more competitive, personalized driver insurance premiums, customer-centric services and proactive risk-prevention programs.
Rvos Insurance, Majesco | January 18, 2021
Majesco, a worldwide head of cloud insurance programming, today announced that RVOS Farm Mutual Insurance Company (RVOS), a long-lasting multi-line customer of Majesco's has selected Majesco P&C Core Suite Version 11 and will implement Majesco Enterprise Data Warehouse (EDW) on Majesco CloudInsurer® as part of their business change. The new platform will support their personal, farm and commercial lines of business including farm and ranch property, farm obligation, comprehensive personal risk, mortgage holders, abiding policy, commercial property fire, and commercial general risk. This includes ISO and non-ISO based products. This followed a multi-month market appraisal bringing about the selection of Majesco arrangements.
Situated in Texas in the course of recent years, RVOS has developed from a solitary company offering a basic fire insurance policy to a group of companies offering inventive and competitively priced insurance products to address the issues of property proprietors across the state. RVOS is committed to providing peace of brain to property holders, farmers and ranchers. As a farm mutual, they have an interesting capacity to adapt quickly to new circumstances and offer an assortment of insurance products to address different issues and spending plans.
“To successfully address ever-changing market conditions and evolving customer demands, we needed a next-generation platform that was flexible, agile and would rapidly support product, customer and new market demands,” says Jamie Smith, Corporate Secretary of Information Technology at RVOS. “The combination of Majesco P&C Core Suite and Enterprise Data Warehouse on CloudInsurer® will provide a next-generation platform with robust business and data capabilities that are crucial as a digital insurer. As a long-time Majesco customer, we’re confident that the Majesco platform is the right solution to expedite our digital transformation and meet the demands of a new generation of insurance customers.”
The upgrade and implementation will use broad prepared to-utilize content and capabilities of Majesco P&C Core Suite and rollout to CloudInsurer® that will facilitate a successful change and provide an establishment to rapidly scale as their business develops. Majesco EDW provides a hearty data structure that is pre-incorporated with P&C Core Suite helping to unlock bits of knowledge to optimize the business.
“We’re honored that RVOS will continue and expand our long-standing partnership as they transform their business to a new era of digital insurance,” says Prateek Kumar, Executive Vice President of Sales at Majesco. “In an increasingly competitive and rapidly changing insurance marketplace, the powerful combination of our P&C Core Suite, EDW and CloudInsurer® solutions provide a powerful platform to modernize and optimize RVOS’ business while positioning them to capture growth opportunities with new products that their customers, agents and brokers demand in a new digital era of insurance, helping them surpass their competition.”
Majesco, provides technology, expertise, and leadership that helps insurers modernize, innovate and connect to build the future of their business – and the future of insurance – at speed and scale. Our platforms connect people and businesses to insurance in ways that are innovative, hyper-relevant, compelling and personal. Over 200 insurance companies worldwide in P&C, L&A and Group Benefits are transforming their businesses by modernizing, optimizing or creating new business models with Majesco. Our market-leading solutions include CloudInsurer® P&C Core Suite (Policy, Billing, Claims); CloudInsurer® LifePlus Solutions (AdminPlus, AdvicePlus, IllustratePlus, DistributionPlus); CloudInsurer® L&A and Group Core Suite (Policy, Billing, Claims); Digital1st® Insurance with Digital1st® Engagement, Digital1st® EcoExchange and Digital1st® Platform – a cloud-native, microservices and open API platform; Distribution Management, Data and Analytics and an Enterprise Data Warehouse.
Guardian Life | May 19, 2020
Guardian Life unveiled a new feature of its Guardian Level Term life insurance, a built-in charitable benefit rider.
The term insurance product offers level pricing for the duration of the policy that helps create protection for families and the ability to create a charitable giving legacy.
Guardian Level Term also offers the ability and flexibility to convert to permanent protection.
Today, The Guardian Life Insurance Company of America® (Guardian Life) unveiled a new feature of its Guardian Level Term life insurance, a built-in charitable benefit rider1. The term insurance product offers level pricing for the duration of the policy that helps create protection for families and the ability to create a charitable giving legacy.
Nearly two-thirds of Americans have donated to charity over the last year2. Yet, being able to bequeath a donation to a charity is often perceived as reserved for the wealthy. Guardian Life's Level Term with the built-in Charitable Benefit allows those who are charitable-minded to support their charity of choice upon their death. Term life provides a tax free payout for beneficiaries, while the charitable benefit feature provides a donation, 1% of the policy face amount (subject to a $100,000 maximum charitable donation), to the policy owner's charity at no additional cost.
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There are three methods that are commonly suggested for charitable giving through insurance: naming the charity as a beneficiary, transferring dividends to a charity or donating an existing policy to a charity. Guardian Life's Level Term life insurance introduces a new option - utilizing the built-in charitable giving feature to make a charitable contribution while also providing a payout to beneficiaries. Any charity the owner chooses must be a qualified 501 (c) (3) charity.
Guardian Level Term offers a unique opportunity that resonates with today's charity-conscious client, policy owners will have the ability to give to the charity of their choice without taking anything away from their beneficiaries.
- Andy Gordon, Head of Life Insurance, Annuity and Underwriting Solutions for Guardian Life.
Guardian Level Term also offers the ability and flexibility to convert to permanent protection. It's fully convertible to whole life insurance. Additional optional benefits include the disability waiver of premium rider3, terminal illness rider, and an extended conversion rider, which provides the policy owner flexibility on when to convert to a whole life policy.
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About Guardian Life
The Guardian Lifeprovides Americans the security they deserve through our insurance and wealth management products and services. Since our founding in 1860, our long-term view has helped our customers prepare for whatever life brings whether starting a family, planning for the future or taking care of employees. Today, we're a Fortune 250 mutual company and a leading provider of life, disability, dental, and other benefits for individuals, at the workplace and through government sponsored programs. The Guardian community of over 9,000 employees and our network of over 2,500 financial representatives is committed to serving with expertise when, where and how our clients need us. Our commitments rest on a strong financial foundation, which at year-end 2019 included $9.3 billion in capital and $1.7 billion in operating income.