CORE INSURANCE,RISK MANAGEMENT
Betterview and FMT Insurance | December 16, 2022
FMT Insurance (FMT), today announced they have selected insurtech company Betterview’s Property Intelligence & Risk Management Platform to gain a more complete, actionable view of real property risk.
For over 100 years, FMT has provided strong coverage at a fair price for farmers and homeowners in Tennessee. However, like many companies today, they often struggle to acquire a clear, continuous view of real property conditions. So, in order to improve underwriting efficiency and augment their claims process with historical imagery, they sought out the right insurtech partner.
“The combination of high-quality imagery and workflow management tools offered by Betterview was exactly what we were looking for, They give us a better view of risk at every stage of the policy lifecycle, from new business, to renewals, to claims. In addition, their platform gives us the consistent oversight that we need, saving us money on inspections and helping us mitigate fraudulent claims.”
-Lora Clark, underwriting manager at FMT
Betterview believes its product will help FMT cut costs and optimize inefficient processes. Insurance companies today need to make use of new technologies, including artificial intelligence and machine learning, in order to remain profitable in the face of evolving risk, We are confident that the tools on our platform can help FMT to write better risks and to improve efficiency in the underwriting and inspections processes,says Betterview co-founder and chief operating officer Dave Tobias.
About Betterview: Betterview is the Property Intelligence & Risk Management Platform that leading P&C insurance companies depend on to identify and mitigate risk, improve operational and inspection efficiency, and build a more transparent customer experience throughout the policy lifecycle. By empowering insurers to automate pricing, underwriting, and renewal while focusing strategic action on critical properties, Betterview is transforming the insurance industry from Repair and Replace to Predict and Prevent.
About FMT Insurance: FMT Insurance is a statewide property-casualty insurance company domiciled in Tennessee. FMT exists to provide good coverage at a fair price. We are devoted to maintaining a financially sound company that delivers honest and fair service to our policyholders, partners, and community.
CORE INSURANCE, INSURANCE TECHNOLOGY
HawkSoft and Input 1 | January 20, 2023
On January 19, 2023, HawkSoft, a provider of agency management systems in the insurance industry, and Input 1, which delivers digital billing, payments, and premium finance solutions, entered into a partnership that allows HawkSoft agencies to use premium collection functionalities.
Input 1 has spent over 30 years perfecting its comprehensive billing and payments platform, which simplifies the intricacies of the premium collection lifecycle. Input 1's services are used by over 125 carriers, finance companies, managing general agents, and thousands of insurance agents to bill and collect premiums from their customers.
HawkSoft's agency management system has succeeded by creating a central insurance platform with API-powered connectivity throughout the insurtech stack. In addition, the company focuses on delivering technology guided by real-world workflows to independent insurance agencies, increasing revenue and efficiency.
With the integration of Input 1's premium finance and payments solution, HawkSoft clients can use data directly from their management system to accept digital payments for pay-in-full policies, offer digital premium financing, and set up recurring payments via debit, credit, and ACH. The integration also prevents double-entry in their common workflows.
Rushang Shah, Chief Marketing Officer of HawkSoft, said, "One of our key goals is to support the unique approaches independent insurance agencies apply in running their businesses." He further expressed, "We are happy to collaborate with Input 1 and welcome them to our ecosystem as a Solution Partner."
(Source – PR Newswire)
Based in Canby (Oregon), Hawsoft provides management systems to organizations that want efficient workflows, unique experiences for employees and policyholders, and tools to foster meaningful relationships. The company, founded by independent agents, provides an innovative system that powers thousands of agencies. HawkSoft aims to assist agents in performing quality work more efficiently - not by pushing them to adapt to the software but by ensuring that it automates the steps that agents already know work best.
Input 1, LLC offers digital billing and payment solutions to property and liability insurers. The company's digital billing and payment solutions provide insurance carriers and MGAs with tailored offerings at a lower cost and faster implementation than internal IT resources. In addition, its outsourcing helps banks, insurance carriers, and insurance brokers develop lucrative profit centers that increase client support and service alternatives.
Inszone Insurance | November 24, 2022
Inszone Insurance Services: a rapidly growing, national provider of benefits, personal and commercial lines insurance, announced today the acquisition of Capizzi Insurance.
Capizzi Insurance was founded in 1971 by Vincent Capizzi. With one location Capizzi Insurance primarily operated as a standard-preferred personal lines and small-mid commercial lines property and casualty agency. Throughout their history they have focused on helping their clients in finding the best program that fits their specific needs.
The Capizzi Insurance team will transition over to Inszone’s Lakewood location and continue serving customers under the Inszone Insurance brand. Customers will experience a seamless transition and continue to receive the same standards of service they have come to expect.
“We’re excited to welcome Capizzi Insurance into the Inszone Insurance family, We continue to grow within specific areas in California, we are happy to be able to add additional avenues of support and additional service offerings as we expand in the state."
-Chris Walters, CEO of Inszone Insurance
About Inszone: Founded in 2002 and headquartered in Sacramento, California, Inszone is a full-service insurance brokerage firm which provides a broad array of property & casualty insurance, along with employee benefits solutions. With a strong, experienced management team, Inszone continues to grow organically, as well as through acquisitions. With 32 locations across California, Arizona, Nevada, Utah, Colorado, Missouri, Texas and Illinois, the company is looking to further expand throughout the United States.