Foxquilt, Digital Partners, a Munich Re company | January 27, 2021
Foxquilt, a main insurance technology company zeroed in on engaging small businesses and B2B networks to save money on small business insurance, has partnered with Digital Partners, a Munich Re company, to empower the company to work as a full-administration insurance supplier and co-creator of new, end-to-end insurance items/programs for small businesses.
"Small businesses deserve immediate access to tailor-made insurance solutions that complement their unique operations. However, it requires building new architecture to support data-powered algorithms to afford such value. Our team built a dynamic underwriting platform that rewards business owners with an empowered value offering including simplicity, new products and savings. The progressive platform, Foxden, discerns the nature of the risk, underwrites and rates it, and directs it to a custom-made, proprietary product," said Mark Morissette, CEO and Co-Founder of Foxquilt.
This Digital Partners collaboration furnishes the Foxquilt group with the autonomy and abilities to plan inventive items and underwriting and rating algorithms.
"Our partnership with Foxquilt will be our first in Canada, and we are delighted to support them in the Canadian SME insurance market," said Dave Brune, President and CEO, North America, Digital Partners, a Munich Re company. "At Digital Partners, we continue to be excited to partner with insurtechs like Foxquilt who are leveraging smart data and machine intelligence to efficiently underwrite small business risks and adapt business coverage as clients grow."
Foxden is a full-stack underwriting platform comprised of information layered, miniature help architecture. Every one of its administrations, including underwriting and rating, are powered by information algorithms to drive activities across the platform. Foxquilt is one of the first to fabricate a back-end platform zeroed in on productivity; most of insurtechs influence an outsider, vendor platform, don't claim the IP and are encumbered by impediments characterized by the vendor. The creative backend framework goes past customary insurance exchanges and empowers underwriting to interface and get changes to the market real-time. Skeptic to channel, (B2C, B2B, SaaS) the platform gets to new wellsprings of information and builds up moment feedback circles to profit the entire customer venture.
Foxquilt is a pleased boss of small entrepreneurs and being powered by Foxden will permit the company to continue its central goal to become the main commercial insurance technology company in North America. In February, Foxquilt is dispatching their underlying commercial lines items in Canada guaranteed by Munich Re Innovation Syndicate in collaboration with Digital Partners, a Munich Re company. They will extend their contribution into the U.S. this Spring.
Foxquilt is an Insurance technology company focused on empowering small businesses and B2B networks to save on Small Business insurance. Our Insurance-as-a-Service platform is complemented by a unique data and machine learning underwriting infrastructure. Leveraging innovative technology and creating unique products, we make life easier for business owners.
About Digital Partners, a Munich Re company
Digital Partners provides insurtechs and digital distributors with a comprehensive, go-to-market partnership, built on the financial strength and expertise of Munich Re. Our partners bring excellence in customer engagement, technology, and brand while our support includes insurance capacity with experimental underwriting, alongside product expertise, data analytics, technology to manage data and carrier connectivity, execution and operational expertise.
YF Life, eBaoTech | April 26, 2021
eBaoTech Corporation (eBaoTech), a global provider of digital insurance solutions, and YF Life Insurance International Ltd. (YF Life), a major Hong Kong insurance firm, are pleased to announce the successful launch of their new policy management system for YF Life, which replaces a legacy core system that had been in operation for many years. The new core system, eBaoTech® LifeSystem Suite, is now used to serve all YF Life business lines in Hong Kong and Macau.
YF Life is a technology-enhanced insurance and wealth management firm that is part of the Yunfeng Financial Group, which is listed on the HKEX. The firm has been in the Hong Kong insurance industry for over 40 years and is dedicated to offering customers one-stop risk- and wealth-management advisory services, as well as MPF services. YF Life provides adaptable and cutting-edge insurance solutions, such as the award-winning lifetime annuity scheme. YF Life is the only company in Hong Kong to have been named Best-in-Class/Outstanding Achiever for Annuity Plan and Retirement Product in the BENCHMARK Wealth Management Awards for nine consecutive years, owing to its distinctive product advantages.
During its first two months of operation, the new core structure has already provided strong business values while operating seamlessly and successfully in support of YF Life's business growth. This demonstrates eBaoTech's reliability and maturity as a leading insurance core system and digital solution provider.
About YF Life Insurance International Limited
YF Life Insurance International Limited is a member of the Yunfeng Financial Group, a Hong Kong Exchange-listed firm whose main shareholders are Yunfeng Financial Holdings Limited and Massachusetts Mutual Life Insurance Company, one of the "Five Largest US Life Insurance Companies." YF Life is committed to building a better future for customers by providing professional and technology-enhanced one-stop risk- and wealth-management advisory services, as well as MPF services, by leveraging its strong reliability and robust financial history.
eBaoTech® is a provider of technology solutions to the global insurance industry. The goal has always been to "make insurance easy." They do business in more than 30 countries across all continents, representing various insurers, agents, brokers, InsurTech startups, and other insurance ecosystem participants. eBaoTech has two types of solutions: eBao® Cloud, which includes SaaS and PaaS solutions, and eBao® Software, which is used in conventional insurance carriers' core systems.
High Street Insurance Partners | December 14, 2021
High Street Insurance Partners ("HSIP") announced today that it has acquired Nebraska-based GTA Insurance Group.
GTA Insurance Group provides comprehensive insurance and risk management solutions across Nebraska. It has an extensive agricultural practice and offers business and personal insurance, as well as benefits.
"We are thrilled to have GTA Insurance Group join HSIP, This represents over 30 new offices across Nebraska, which greatly expands our footprint in communities across the Midwest. More importantly, this partnership allows us to provide deep agricultural expertise to our clients."
-Scott Wick, CEO of HSIP.
We are excited to join HSIP. Together we will be able to better serve our clients, our employees, and our communities. We'll also be able to add new clients who will benefit greatly from this partnership and its shared, community focused philosophy.
- Krae Dutoit, President, GTA Insurance Group
HSIP is one of the fastest growing insurance brokerages in North America. The firm has now completed 83 acquisitions since forming the company in mid-2018.
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.