CORE INSURANCE, RISK MANAGEMENT
Simplicity Group and Insurance Designers of America | March 06, 2023
Simplicity Group Holdings, Inc. (Simplicity) recently informed that it has acquired Insurance Designers of America (IDA), a leading insurance marketing organization (IMO), in order to provide a comprehensive range of services.
As a result of this merger, Simplicity and IDA will now provide their respective members with a market-leading, tech-enabled distribution platform along with an unrivaled range of sales and marketing services.
Bruce Donaldson, Simplicity's President and CEO, expressed, "We have known the partners of IDA for many years and have always admired the spirit of true, equitable partnership, which was one of the founding characteristics of the group."
He continued, "Simplicity was founded on the premise that all our partners should be treated equitably and enjoy all the aspects of our growing platform. We recognize that independent distributors have a choice with whom they wish to affiliate and we are thrilled that IDA has chosen Simplicity to be its long-term partner."
(Source – Cision PR Newswire)
Ethan Emmett, Executive Director of IDA remarked, "Partnering with Simplicity is a natural evolution in the growth of IDA and the furthering of our mission to best serve our member agencies and ultimately provide consumers access to the best insurance solutions across life, annuity, LTC and DI."
(Source – Cision PR Newswire)
About Simplicity Group
Simplicity Group offers holistic financial professionals and their clients a full range of products and services for every stage of life, guided by education, value, and cooperation. The company offers its advisor, agent, broker-dealer, and financial institution partners best-in-class and proprietary guaranteed income, life insurance, wealth management, long-term care products as well as operational support. Besides, it also provides sales, marketing materials, and training to help its partners build businesses and serve their clients.
About Insurance Designers of America
Founded in 1986, IDA is one of Georgia's oldest, largest, and most-esteemed IMOs. The company was founded by former agency heads of a national insurance carrier that was quitting the agency distribution system to fill the void as insurance companies focused entirely on product manufacturing and sought alternative distribution channels. Currently, it has over 50 agencies and $250+ million in yearly premiums, giving it the capacity and resources to support over 85,000 financial professionals with their client's insurance needs.
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CORE INSURANCE, INSURANCE TECHNOLOGY
Companjon and bunq | February 10, 2023
Companjon, an insurance company, has recently announced its partnership with bunq, a finance company, bringing an end-to-end embedded insurance solutions to bunq users in European markets and providing automatic compensation for financial losses.
This partnership will enable Companjon to offer an extended warranty and purchase protection, covering financial loss for goods purchased by bunq Easy Green users. bunq's Easy Green plan allows users to reduce their carbon footprint and plant a tree for every 100 euros spent on any bank card. In addition, when they purchase goods using the bunq Metal Card, they will get Companjon insurance coverage for security and an enhanced user experience.
CEO of Companjon, Matthias Naumann, said, "We're excited to partner with a de facto innovator the likes of bunq and to enhance their users' banking experience." He added, "Companjon's embedded insurance solutions complement bunq's product portfolio and strong market position, and we're looking forward to working together to bring value and peace of mind for end-customers."
(Source – Globe Newswire)
Founder and CEO of bunq, Ali Niknam, said, "In everything we do, we strive to make our users' lives easy. By offering our Easy Green users added security when using their bunq card, we make sure they can focus on whatever's important to them instead of money admin."
(Source – Globe Newswire)
About Companjon
Headquartered in County Dublin, Companjon, an insurance and technology solutions provider in Ireland, provides end-to-end embedded insurance with total digital mediums, bringing automated insurance solutions to its partners' online purchases and bookings. Since 2020, it has created a positive insurance user experience for business growth, additional revenue, and customer loyalty. It specializes in add-on solutions, business-to-business transactions, finance and technology, and insurance. In addition, it interacts with customers throughout their journey through end-to-end digitization, dynamic offerings and pricing, automated claims, instant payouts, and push and pull notifications.
About bunq
bunq, a finance company, has been creating fintech innovations to make banking and money management easy and transparent since 2012. For businesses, it creates a business bank account without paperwork and in-person requirements, revolutionizing the traditional banking industry with the international team from about 43 nations. With the acquisition of Belgian fintech TriCount, it gained 5.4 million new users in 2022, making it the second-largest neo-bank in the European Union. Users can save, spend, budget, and invest money from their phones using its mobile banking application.
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CORE INSURANCE, INSURANCE TECHNOLOGY
Bamboo Insurance | February 07, 2023
Recently, Bamboo Insurance, a diversified insurer committed to providing a customer-driven experience, announced homeowner's insurance availability in Arizona.
The insurance coverage will now provide Arizonans with improved underwriting structures, user-friendly technology, and unparalleled service, in addition to rational and inexpensive home coverage options.
Soon, Arizona homeowners and agents will be able to use the new way Bamboo does insurance, which emphasizes ease of use, open communication, and support for policyholders. In contrast to other businesses, Bamboo does not reduce customer support spending in order to increase profits; this is due to the company's focus on satisfying its clientele. Customers in Arizona can now take advantage of Bamboo's excellent services, such as its knowledgeable team of insurance advocates and reliable 24/7 claims assistance.
John Chu, Bamboo Founder and CEO, stated, "The launch of our Arizona product represents an exciting milestone in our expansion outside of California."
"By leveraging our proprietary underwriting models and easy to use technology platform, we're able to offer customizable coverage, for the right price, to the Arizona market," John Chu added.
(Source – Cision PR Newswire)
For 2018 and beyond, the company has carved out a special place for itself in the market by meeting the needs of disrupted industries by providing homeowners insurance at reasonable rates. It's getting harder to acquire reliable insurance in states like Arizona that are vulnerable to harsh weather. It is proud to provide Arizonans with a novel, low-cost insurance choice by utilizing cutting-edge data science and in-house underwriting tools.
Jonathan Vitale, Bamboo Co-Founder and Vice President of Sales stated, "When we started Bamboo, the vision was to push the insurance industry forward by providing quality products and coverage to our insureds."
"We paired that with a big emphasis on leveraging technology to deliver to our agents an industry-leading quoting platform that is focused on speed, ease of use, and simplicity. We're thrilled to be able to bring that experience to Arizona," he concluded.
(Source – Cision PR Newswire)
About Bamboo Insurance
An insurance company focused on expansion, Bamboo Insurance's objective is to simplify and modernize the client's insurance experience while maintaining a relentless commitment to customer advocacy. The company is streamlining the insurance process with the help of data and technology to improve transparency for its business partners and policyholders.
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