CORE INSURANCE, INSURANCE TECHNOLOGY
Inszone | January 30, 2023
Austin Insurance was recently acquired by Inszone Insurance Services, a rapidly expanding nationwide provider of benefits, personal, and commercial lines insurance.
Founded by Cole Austin in 2005, Austin Insurance has been providing excellent insurance services to the Grand Prairie (Texas) area for over a decade. Through the years, Austin Insurance has been able to offer a variety of insurance products to the residents of Grand Prairie and contribute to the city's continued economic expansion and new job opportunities.
Inszone Insurance's Dallas office will now handle the day-to-day business previously run by Austin Insurance. As a result, customers may expect the same high quality of service from Inszone Insurance as they have in the past.
Chris Walters, CEO of Inszone Insurance Services, remarked, "Austin Insurance has built a strong reputation across Grand Prairie as a trusted partner for residents to protect their assets." He further added, "This acquisition is another important step in our growth in the Lone Star State as we continue to identify and invest in agencies that will help provide and offer increased services and options to our customer base."
(Source – Business Wire)
Nevertheless, in the coming days, Inszone Insurance is likely to reveal several acquisitions in addition to opening additional facilities.
About Inszone Insurance Services
Inszone is a full-service insurance brokerage founded in 2002 with headquarters in Sacramento (California). It offers various insurance products, including property, casualty, and employee benefits. Supported by a strong and experienced management team, it has grown both independently and by buying other companies. The organization currently has 37 sites across the states of California, Arizona, Nevada, Utah, Colorado, Michigan, Missouri, Texas, and Illinois and hopes to continue expanding across the country.
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CORE INSURANCE, INSURANCE TECHNOLOGY
Inszone Insurance Services | February 20, 2023
Inszone Insurance Services, a personal and commercial lines insurance services provider, has recently announced the integration of David Tennant Insurance Agency. This acquisition would enhance its insurance services and provide more options for insurance to its customers in California.
David Tennant Insurance Agency started in 2002 and has name after its founder Dave Tennant. Dave Tennant started as an insurance agent in his father’s Lake Tahoe Insurance agency from 1982 to 1986 when his father sold the company. He has also worked as an exclusive agent in Allstate Insurance company from 1996 to 2002. Being an experienced insurance professional, he decided to open his agency and is now acting as a Principle in the Tennant Insurance Agency. Here, he strategizes client relationship management, controls the products, and can give his clients the best rather than meet company quotas. Being principle he has fostered his relationships with his clients over decades, extending the relationship from professional to personal. He was also a member of his local rotary club for 25 years, where he was also nominated as president and will continue to be active in his community.
Inszone always strives to improve the customer experience at every stage of policy purchase. It ensures that customers understand their insurance needs, coverage, and the insurance policy they are about to purchase. It acts like an insurance partner to the customers rather than an insurance agency. This acquisition represents its commitment to customer enhancement.
CEO of Inszone Insurance Services, Chris Walters, said, “The acquisition of David Tennant Insurance Agency will make a great addition to the Inszone family.” He added, “This acquisition is an essential step on our continued journey to providing more options and enhanced service to customers in California.”
(Source – Business Wire)
About Inszone
Headquartered in Rancho Cordova, California, Inszone, an insurance services provider, has expanded its insurance space since 2002. It is a full-service insurance agency handling the customers' personal and business insurance requirements. In addition, it provides services for umbrella insurance, group dental and vision insurance, group health insurance, group life insurance, special event insurance, landlord insurance, renters insurance, motorcycle insurance, auto insurance, commercial property insurance, general liability insurance, workers compensation, homeowners insurance pet insurance, disability insurance, and employee benefits. It has offices in California, Illinois, Texas, Missouri, Nevada, Utah, Colorado, and Arizona, serving all 50 states of America.
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CLAIMS, RISK MANAGEMENT
Shift Technology | March 16, 2023
Shift Technology, a leading provider of AI-driven solutions for the insurance industry, announced on March 15, 2023, that General Insurance Association of Singapore (GIA) would be expanding its use of Shift Claims Fraud Detection to assist its member insurers in detecting travel insurance fraud.
This strategic expansion is a testament to the success of General Insurance Association of Singapore's (GIA) Fraud Management System (FMS). This move comes at an opportune time, with global travel gradually returning to pre-pandemic levels. Shift and GIA have been working together since 2017 to combat insurance fraud. Initially, the collaboration involved the use of Shift Claims Fraud Detection to identify suspicious motor and travel insurance claims. However, due to the significant success achieved in both areas, the solution's use has been expanded to include the detection of various types of travel insurance fraud.
Kai Weng Ho, Chief Executive of GIA, stated, "Recent significant successes in insurance fraud detection using FMS resulted in the conviction of multiple insurance fraudsters. This planned expansion allows us to maximize the potential of the travel module and comes at an opportune time of rising global travel."
He added, "Our collaboration with Shift gives us an important way to detect and manage fraudulent claims at scale. It also augments our sector's existing fraud detection and management efforts."
(Source - Cision PR Newswire)
Jeremy Jawish, CEO and Co-Founder of Shift Technology, remarked, "Fraud is not simply a problem for individual insurers, but rather a challenge for the entire insurance industry, which is why industry-level solutions like ours are so impactful."
He added, "Bad actors do not limit themselves to a single target, especially in the case of organized fraud networks. By providing associations like the GIA with a comprehensive view of what's happening with claims across their membership, fraud detection and mitigation activities are scaled exponentially, to the benefit of all."
(Source - Cision PR Newswire)
About Shift Technology
Shift Technology offers AI decisioning solutions to insurance companies and their clients as one of its many services. These solutions automate and optimize decision-making processes from underwriting through claims, resulting in improved client satisfaction, higher operational efficiency, and lower costs for insurance companies.
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