RISK MANAGEMENT, COMPLIANCE
Embroker | January 23, 2023
Embroker, the digital platform that makes business insurance radically simple, recently launched ONE by Embroker, a universal application that uses AI and machine learning to create industry-specific business insurance products.
The streamlined procedure allows brokers and startup founders to acquire immediate quotations for a complete package of products by focusing on critical business information and eliminating the need for needless and redundant questions.
Business owners prefer a one-stop insurance shop so they can focus on running their company. Commercial insurtechs offer many kinds of coverage but no assistance with product selection. Founders and brokers may search numerous sites to find the correct risk management solution, and even then, the coverage may not meet their demands. Insurance agents spend hours shopping around for policies from different companies instead of providing value-added services to their clients. This is hard on businesses and doesn't make the most of the broker's skills.
Ben Jennings, CRO at Embroker, remarked, "Founders and business owners shouldn't be served a one-off, one-size-fits-all solution. When it comes to risk management, businesses need a strategic partner. To truly add value, insurtechs must provide a comprehensive suite of vertically-focused products that address all of their needs."
(Source – Business Wire)
He further added, "ONE by Embroker does just that. We provide a single-destination solution that replaces the traditionally complicated process through a universal application, generating quotes specific to the policies most appropriate for each business based on the broker or founder's inputs."
(Source – Business Wire)
As ONE by Embroker evolves to incorporate more policies for more verticals, the estimates will contain all of the coverage a firm requires, whether Embroker products are used or not. Embroker is revolutionizing the way businesses learn about, shop for, and buy insurance by launching the ONE by Embroker platform.
Jonas Edgeworth, CTO at Embroker, stated, "Leveraging our data science capabilities, we've created ONE by Embroker as a universal application that can synthesize and combine products — enhanced with third-party data at scale — to provide a tailored suite of coverage for our customers' needs."
(Source – Business Wire)
"Essentially, this new technology platform is our growth engine, allowing us to quickly launch new products into the market moving forward," he concluded.
(Source – Business Wire)
Embroker makes business insurance simple. It helps growing businesses save time and obtain the best coverage by combining technology and broker expertise. The company, a premier digital insurance brokerage, is transforming an $800 billion property and casualty (P&C) insurance sector. Headquartered in San Francisco, the company has offices in Chicago and Boston. Embroker has been named one of the innovators shaping the future of finance by Goldman Sachs and one of the world's most promising private FinTech companies by CB Insights.
RISK MANAGEMENT,INSURANCE TECHNOLOGY
Oakbridge Insurance Agency | December 20, 2022
Oakbridge Insurance Agency LLC (Oakbridge), one of the largest independent insurance and risk management agencies in the United States, today announced a new partnership with NorthShore Insurance LLC, an independent agency located in Chattanooga, Tennessee. The partnership supports Oakbridge's continued expansion throughout the southeast.
NorthShore Insurance offers a broad range of personal insurance products and advice with expertise in addressing the unique and varied needs of the affluent and high net worth clients. For decades, NorthShore has helped individuals protect their personal assets and reduce risk.
"We are excited to welcome NorthShore as our newest partner in Tennessee, Vickie and her team's expertise in personal insurance will serve as an asset for the management of Oakbridge's business in Tennessee and throughout the southeast."
-Oakbridge CEO Robbie Smith
The partnership provides both firms with access to a broader pool of resources, industry knowledge and niche expertise, and further expands its focus on specialization in personal lines.
We look forward to joining the talented team at Oakbridge, We feel certain that the partnership with Oakbridge will further enhance our commitment to client service excellence and move NorthShore to the next level of capabilities for our clients,said Principal Vickie Champion.
About Oakbridge Insurance Agency
Founded in 2020, Oakbridge Insurance Agency LLC is a rapidly growing partnership model for firms seeking accelerated growth, access to capital, and an expanded suite of resources with which to serve clients. Ranked a "Top 100" insurance brokerage by Business Insurance and Insurance Journal magazines, Oakbridge is one of the largest privately owned insurance, risk management and employee benefits agencies in the nation. The agency has specific experience in the agriculture, bond/surety, construction, financial, health care, manufacturing, municipalities, non-profit, senior living, affluent personal and transportation industries.
About NorthShore Insurance LLC
Northshore Insurance serves the insurance needs of individuals, families and businesses. As an independent insurance agency, NorthShore represents many top-rated insurance companies. NorthShore is centrally located on the Northshore of Chattanooga, Tennessee.
CORE INSURANCE,INSURANCE TECHNOLOGY
Inszone | December 05, 2022
Inszone Insurance Services, a rapidly growing, national provider of benefits, personal and commercial lines insurance, announced today the acquisition of Kirsch Insurance Group.
Marlin Kirsch founded Kirsch Insurance Group in 2004. A Denver-based brokerage that specializes in Medicare Health Plans, Kirsch Insurance has focused on helping their clients in finding the best program for their specific needs. Their comprehensive grasp of all Medicare Plans and Options has helped them to assist clients in being better prepared for the future.
“After years in the company, we've acquired a reputation for educating consumers in an easy-to-understand manner, so they can readily grasp the frequently perplexing concepts of the 'Medicare Maze’,”
- Marlin Kirsch, the agency's prior owner
The service that Kirsch Insurance clients are accustomed to will continue uninterrupted under the Inszone Insurance brand.
Chris Walters, CEO of Inszone Insurance, said, Colorado has been a great source of growth for us; the acquisition of Kirsch Insurance is another milestone in our expansion in the state as we move toward our goal of establishing Inszone as Colorado's go-to insurance agency.
The acquisition of Kirsch Insurance is part of the continued expansion and growth by Inszone Insurance and becomes the 9th acquisition so far in the Colorado area. Inszone Insurance is expected to announce several acquisitions as well as new locations in the upcoming months.
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 33 locations across California, Arizona, Nevada, Utah, Colorado, Missouri, Texas and Illinois, the company is looking to further expand throughout the United States.