CORE INSURANCE, INSURANCE TECHNOLOGY
Inszone | February 15, 2023
On February 14, 2023, Inszone Insurance services announced its acquisition of Sonora Insurance Agency. This acquisition will allow Inszone Insurance Services to grow within California and broaden its national footprint while continuing its steady growth.
Headquartered in Sonora, California, Sonora Insurance Agency has been delivering insurance solutions in its location since 1987. It developed through organic reach and established its prominent place within the Sonora community. It specializes in Auto, Business, Home, and Worker's compensation. This transaction will enable Sonora Insurance Agency employees to serve Inszone Insurance clients through their current Sonora location without interruption. Additionally, it provides personal and commercial insurance, auto, group benefits, umbrella, motorcycle, condo, and boat insurance.
Kristina Eaton took over Sonora Insurance as a second-generation agency owner in 2004. With about 25 years of experience, she expanded the agency's commercial insurance space and served Sonora and the surrounding areas. She is specialized in commercial and personal lines insurance with both NV and CA license.
CEO of Inszone Insurance Services, Chris Walters, said, "We are excited to continue growing our footprint in the central region of California with the acquisition of Sonora Insurance Agency. The work Kristina and team have done in the region is incredible, we look forward to supporting them with the vast resources available through Inszone."
(Source – Business Wire)
Headquartered in Sacramento, California, Inszone, a full-service insurance brokerage firm, has provided property and casualty insurance with employee benefits solutions since 2002. It continues to grow organically through acquisitions due to the support of an experienced management team. It is working at different locations across California and expanding its enterprise throughout the United States. It provides services like group dental and vision insurance, umbrella insurance, group health and 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, employee benefits, personal and commercial insurance.
CORE INSURANCE,INSURANCE TECHNOLOGY
Verlingue | January 17, 2023
Verlingue, a French Adelaïde Group subsidiary specializing in corporate protection, is expanding into the Grand Est region (France) with two new acquisitions.
Cabinet Depeyre, an insurance broker founded in 1997, specializes in consulting and managing complex business risks. Meanwhile, Depeyre Solutions, established in 2014, is a business risk underwriting agency for brokers and general agents. The group employs 23 people for commissions of just over €4 million.
Cabinet Depeyre, an insurance broker specializing in complex business risks, works with its clients to analyze, prevent, and manage their risks. The Cabinet Depeyre teams have expert knowledge in high-pressure industries like wood processing, transportation, and logistics, building material producers and traders, etc., whether in civil liability or property damage cases.
Jean-Michel Depeyre, Head of both companies, stated, "With Verlingue, I firmly believe that our teams will be able to provide even better support to our customers and provide them with all the solutions offered by a company with which we already share common values and a vision of our role as a trusted partner in risk management."
(Source- Business Wire)
Following the acquisition of RT Global Insurance in Portugal at the end of 2022, Cabinet Depeyre and Depeyre Solutions in France strengthen Verlingue's external growth dynamics as part of its strategic plan for 2024.
The company uses corporate risk management and employee protection to help clients create value and perform. Intending to make insurance simple, Verlingue advises and manages insurance programs for over 3,200 corporate clients. With offices in Portugal, France, Great Britain, and Switzerland and partners in over 100 countries, it creates simple yet practical solutions to safeguard the client's company (corporate risk) and employees. In addition, Verlingue collaborates with its clients to better identify and plan for future threats (supplementary social protection schemes and pensions).
CORE INSURANCE, RISK MANAGEMENT
Idelic | January 19, 2023
Idelic Inc. recently announced the launch of Idelic Insurance Agency, LLC, a technology-driven managing general agent (MGA) aimed at providing commercial fleets with tailored insurance coverage. The insurance pricing will reflect the fleets’ risk improvement by using the Idelic Program, a comprehensive approach to improving driver safety and reducing crashes.
Idelic Insurance Agency also aims to provide a modern approach to improving insurance outcomes by allowing fleets to use technology and processes to reduce losses. The insurance agency will price renewals based on the fleets’ successful adoption and results.
The Idelic Program consists of two major components: Safety Suite® and Driver Safety Playbook. Safety Suite® is the best driver performance management platform in the trucking industry. It collects driver risk data and uses machine learning algorithms to identify high-risk drivers. Meanwhile, the Driver Safety Playbook is an excellent guide to engaging drivers, providing coaching and step-by-step professional development plans made by working with insurers and trucking's safest fleets.
On average, fleets utilizing Idelic Program can witness a 20% decrease in preventable crashes in the first year.
"Commercial auto fleet insurance is inherently complex with a multitude of nuances from fleet to fleet. The process of evaluating risks has traditionally relied on underwriter experience and judgment, but insurers are increasingly looking for a more data-driven way to evaluate risks. Idelic Insurance Agency will do just that," stated Michael Gramm, Senior Vice President of Insurance at Idelic Insurance Agency. "By working closely with fleets that choose to use the Idelic Program, we can better leverage critical driver behavior data to quote policies that reflect their reduced crash risk," he added.
(Source – Business Wire)
The Idelic Program and Idelic Insurance Agency are timely solutions to help fleets combat rising insurance rates and reduce losses significantly. However, fleet insurance costs and availability are once again among the Top 10 motor carrier executive concerns listed by American Transportation Research Institute (ATRI).
About Idelic Inc.
Pittsburgh-based Idelic is a software provider dedicated to delivering the best insurance outcomes for fleets. The Idelic Program combines process and technology in a tool designed for and proven successful among fleets and insurers alike. Additionally, the program uses predictive analytics to identify risky drivers and professional development plans to help change behavior patterns and provide insurers with evidence of long-term improvements in crash reduction to negotiate lower rates. The company's experienced technical and industry experts understand the trucking and insurance industries' needs and provide tailored solutions to clients' real problems.