High Street Insurance Partners | January 24, 2022
High Street Insurance Partners ("HSIP") announced its December acquisition of Insurance Services Group (ISG), a full-service, regional insurance brokerage firm. ISG is headquartered in Washington and serves clients in 12 states, with a large concentration in the West.
"This acquisition represents our continued expansion in the West, With the addition of ISG, we can assist a greater number of clients with a full spectrum of insurance needs."
-Scott Wick, CEO of HSIP.
"We are excited to join HSIP. Their vision aligns perfectly with ours; commitment to our clients and the local communities in which we live. We will be able to leverage the partnership to continue to provide best-in-class solutions to all our clients."
-Trevor Campbell, President of Insurance Services Group
This acquisition is one of 17 finalized in December, making HSIP one of the most active brokerage firms in 2021, in terms of acquisitions. HSIP has acquired 97 agencies in just three years. The firm has a geographical footprint spanning 23 states.
About High Street Insurance Partners
High Street Insurance Partners (HSIP) is a full-service, independent insurance brokerage firm. Founded in 2018, the Traverse City, Michigan-based company provides a broad array of business insurance & risk management; employee benefits & human capital management; financial & retirement services; and personal insurance solutions delivered through community-focused agencies. HSIP employs over 1,700 insurance specialists & consultants in offices based in Arkansas, Colorado, Connecticut, Florida, Georgia, Illinois, Iowa, Maryland, Michigan, Mississippi, Missouri, Nebraska, New Hampshire, New Jersey, New York, North Carolina, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Virginia, & Washington.
EvolutionIQ | February 28, 2022
EvolutionIQ, the most rapidly adopted Claims Guidance platform amongst insurance carriers, is pleased to announce its Chief Operations Officer & Co Founder Mike Saltzman has been named Co-Chairperson to the International Claims Association's (ICA) Insurance Technology and Analytics Committee. Together with Chairwoman Wendy Berndt, Mike will facilitate technology discussions with members and industry thought leaders to address the major topics and challenges facing today's claim executives.
Mike's appointment comes as EvolutionIQ leads claims the industry's transition to leveraging claim guidance platforms for complex claims, delivering enhanced financial results and claimant satisfaction.
"I'm thrilled to join the ICA's Insurance Technology and Analytics Committee, especially at this moment when the industry is realizing the benefits of predictive technologies to benefit staff, claimants, and the bottom line, The ICA has always been at the forefront of best practice in claim handling, and I'm excited to help build our thesis on how technology, guidance and predictive processes should be used in tandem with skilled adjusters and staff members to arrive at fair, accurate and timely claim adjudication."
-Chief Operations Officer & Co Founder Mike Saltzman
Before founding EvolutionIQ, Mike spent years as an investor focused on insurance companies at Bridgewater Associates, the world's largest hedge fund. He became an expert on the effects of claims on carriers' financial results, as well as seeing the power of algorithmic strategies on Bridgewater's own processes. Mike then received his MBA at Stanford University. EvolutionIQ was started while Mike was at Stanford and his Co-Founder, Tom Vykruta, was completing a near decade-long tenure at Google, where he was a Machine Learning leader across several marquis Google products.
"Our organization is pleased Mike Saltzman has agreed to join the Insurance Technology and Analytics Committee as Co-Chairman, There is no shortage of issues confronting the claims insurance sector, and with Mike's many years of combined experience and extensive expertise in the insurance space, we strongly believe that he will provide high-caliber discussions and learnings to our community."
-Christopher Murphy, Executive Director, International Claim Association.
On the committee, Mike will be leading educational efforts, virtual seminars, and the creation of best practice guides for the industry to use in their transformation processes. The committee will also lead in-person educational sessions for claims leaders at their annual conferences. The first session was held on February 23rd at 2 PM ET, a virtual panel discussion titled "How Claims Guidance is Turning Examiners into Superheroes" with three industry leading claims executives from Reliance Standard Life Insurance, Principal Financial Group & Disability RMS.
EvolutionIQ is the leading provider of claims guidance software. Its software combines the predictive power of historical claims analysis with unstructured claimant data and third party information to automatically identify high-opportunity claims. Insurers choose EvolutionIQ to increase their profitability and control over complex lines of business by integrating decision intelligence into every step of the claims handling process.
ICA is the largest organization of claims professionals in the life and health insurance industry. Its specialties include life, accident, health/medical, disability, workers' compensation, and fraud. ICA members include insurance companies and claims professionals from around the world.
OneShield Software | November 15, 2021
Striving to provide cost-effective insurance and a great member experience, Southern States Insurance Exchange ("The Exchange") has chosen OneShield Software's (www.OneShield.com) SaaS offering, OneShield Market Solutions, to replace its legacy policy management system.
The Exchange seeks to transform its process and delivery platform to provide superior service with greater efficiency to its members and plans to implement OneShield's policy, billing, claims and reporting to support their commercial lines product portfolio, including general liability, commercial auto, inland marine, workers' compensation, and the AAIS Commercial Output Program.
"Our members look to The Exchange for comprehensive insurance and risk transfer solutions to protect their agricultural businesses. OneShield's successful track record with digital transformation for regional commercial lines providers made them the clear choice in our technology vendor search."
- John Madden, President of The Exchange.
OneShield's SaaS offering provides end-to-end policy management (quoting, binding, and servicing), billing (invoicing through to payment), and claims administration (first notice of loss through to payment), including document management, reporting, and analysis. This approach delivers rapid implementation while allowing for customization to address the unique needs of regional commercial insurers within an all-in-one pricing model.
"OneShield is excited to partner with The Exchange. This win reflects the advantage we offer insurers – cost-effective SaaS that addresses current requirements while ensuring the technology will be responsive as their needs change."
- OneShield Chief Revenue Officer Liza Smith.
About OneShield Software
OneShield provides solutions for P&C insurers and MGAs of all sizes. Deployed in the cloud, our portfolio of standalone, subscription, and As-a-Service products include enterprise-class policy management, billing, claims, rating, product configuration, business intelligence, and smart analytics. OneShield automates and simplifies the complexities of core systems with targeted solutions, seamless upgrades, collaborative implementations, and lower total cost of ownership. With corporate headquarters in Marlborough, MA, and offices in India, OneShield has 70+ products in production across P&C and specialty insurance markets.
About Southern States Insurance Exchange (The Exchange)
The Exchange is a reciprocal insurance company that provides Property & Casualty Insurance and risk management solutions to its Ag-Industry members. Operating in 11 states, The Exchange has been insuring agribusiness since 1953.