Mercury Insurance | November 19, 2021
Beginning January 3rd, 2022, Mercury Insurance (NYSE: MCY) is rolling out Mercury's My Workplace, a new business model that will allow team members to choose where they want to work. It will give many of the company's team members the freedom to work from home, which may be anywhere in the United States, from the office, or a hybrid combination of both.
"Mercury Insurance has learned a lot about how our team members work and how they have taken care of our policyholders, themselves and their families during the past two years," said Heidi Sullivan Lopez, Mercury Insurance Vice President and Chief Human Capital Officer. "We want to empower them to be their best selves while also providing our customers with the best possible customer service, and we've learned that doesn't have to be from a corporate office."
Mercury team members quickly adapted to telecommuting during the COVID-19 pandemic, while still maintaining the company's high service standards.
"The world has changed and we're changing with it to meet the needs of our team members, customers and agents," said Sullivan Lopez. "This move will strengthen team member experiences and help us attract top talent while we continue to build an incredibly diverse workforce.
Mercury's My Workplace focuses on four areas that will make remote employment possible:
Strengthening Our Culture: Leadership will participate in learning sessions that will improve employee engagement in a digital environment.
Reimagining Our Spaces: Our offices will be transformed into collaboration spaces. Team members, whether at home or in office, will be supported with resources and equipment to further engage with fellow team members.
Communication and Collaboration: We will continue to develop resources and provide tips to enhance connections between fellow team members and customers.
Focusing on Wellbeing: Work-life balance will remain a core emphasis by helping team members achieve equity between personal and professional responsibilities.
About Mercury Insurance
Mercury Insurance (NYSE: MCY) is a multiple-line insurance carrier predominantly offering personal auto, homeowners, renters and commercial insurance through a network of independent agents in Arizona, California, Illinois, Nevada, New Jersey, New York, Oklahoma, Texas and Virginia, as well as auto insurance in Florida. Mercury writes other lines of insurance in various states, including business owners and business auto, landlord, home-sharing, ride-hailing and mechanical protection insurance.
Since 1962, Mercury has provided customers with tremendous value for their insurance dollar by pairing ultracompetitive rates with excellent customer service. Mercury has earned "A" ratings from A.M. Best and Fitch, as well as ranking highest in the J.D. Power 2021 U.S.
4i Apps Solutions pvt ltd | February 07, 2022
National Life and General Insurance Co. SAOG (NLG) is the market leader and largest insurance company in Oman (by Gross Written Premium) and has around 190+ combined touch points for policy sales and servicing. In addition to Oman, NLG also has overseas branches in Dubai, Abu Dhabi & Kuwait.
As a part of their digital transformation strategy, NLG was exploring possibilities on integrating all their core systems under a single platform for better operational efficiencies. NLG was finding it challenging to continue with the traditional accounting system that was operational for the past several years. So, they decided to embrace Oracle Fusion Cloud after careful evaluation of other products in the market. 4i Apps was chosen as the strategic partner based on their credentials in the region for delivering several Oracle Fusion Cloud implementations.
The Oracle Fusion Cloud ERP system is a fully integrated one, which allows users to access Finance, Procurement, Innovation, HCM and Payroll under a single Cloud platform. Oracle Fusion Cloud releases 100s of new features every quarter and users have immediate access to the new features.
"NLG has a strong Digital Transformation Strategy, and the implementation of Oracle ERP system would be a significant achievement towards strengthening our financial operations. We need to continue on this path of Change Management with full determination and make this system work seamlessly,"
- S. Venkatachalam, CEO of NLG.
NLG's ERP system now serves as the backbone of the financial operations to the entire organization and would redefine NLG's servicing standards significantly.
NLG and 4i Apps team celebrated the Oracle Fusion Cloud Go-Live success meet on 26th January 2022. NLG has planned to implement Oracle Enterprise Performance Management and Custom Bolton Investment Module in Phase II.
"We are very proud to be associated with NLG. We believe Oracle Cloud implementation will accelerate their growth and wish them all success,"
- Ravisankar, Head of Middle East for 4i Apps.
4i Apps is the fastest growing Oracle Cloud partner, having enabled 500+ Organizations on Oracle Cloud. With over 13 years of operations in Middle East, 4i Apps is the preferred Oracle partner for many public and private sectors. 4i has 450+ Oracle consultants workforce with offices in 10 locations globally.
Obsidian Insurance Holdings, Inc. | November 02, 2021
Hylant, one of the largest privately owned insurance brokerages in the U.S., announces the launch of RoadPilot®, a "pay as you go" hired non-owned program designed for the restaurant home food delivery industry.
The program takes a unique approach by integrating real-time monitoring of driver behavior with the assessment of risk. The program will typically target restaurant groups with 20 or more locations. Traditional insurance products can lead to gaps in coverage for restaurant businesses that rely on delivery drivers because premiums are based on industry averages and applied universally regardless of the drivers' liability profiles. With RoadPilot, premiums are developed to more fairly and accurately reflect a delivery driver's actual behavior and actual delivery miles travelled. Specific rating factors include aggregate driver risk profiles derived from hard braking, rapid acceleration, speeding, unsafe maneuvers, and phone usage. Premium is determined on a monthly basis.
"We're excited to begin this program with Obsidian Insurance Company, Their team has a proven track record of providing solutions for industry niches. The collaboration between our teams during the development of the product was great. We look forward to a long-term partnership with Obsidian on RoadPilot."
- Mike Ugljesa, President of Hylant Administrative Services.
"We are thrilled to partner with a highly respected program partner that has strong and proven expertise in the restaurant and food franchise industries. The RoadPilot program brings a much-needed product to the food delivery segment and has developed an innovative approach to more accurately price risk with the incorporation of telematics. We look forward to a long-term partnership with Hylant as well as the strong panel of reinsurers supporting the program."
- William Jewett, CEO of Obsidian Insurance Company
RoadPilot is an app-based technology that drivers install on their phones. Clients also have access to a convenient dashboard that is available 24/7. This provides managers with real-time data to monitor in-progress driving and drill down into historical driving statistics to help identify and address unsafe driving habits. Data can also be used to reward and incentivize employees who are driving safely.
Hylant is one of the largest privately held insurance brokerages in the United States. Founded in 1935 and headquartered in Toledo, Ohio, we offer complete risk management services, employee benefits brokerage and consultation, loss control, healthcare management and insurance solutions for businesses and individuals locally, nationally, and internationally.
About Obsidian Insurance Company
Obsidian Insurance Company is a subsidiary of Obsidian Insurance Holdings, Inc., a new fronting insurance holding company that issues policies underwritten by Managing General Agents, Managing General Underwriters, and program managers. Obsidian sources, underwrites, and manages a diverse portfolio of property, casualty, and specialty insurance programs, and reinsures the majority of its program business to select reinsurers. Obsidian was formed in 2020 in partnership with leading insurance industry executives and Genstar Capital.