CORE INSURANCE,RISK MANAGEMENT
Inszone Insurance Services | January 09, 2023
Inszone Insurance Services, a national provider of personal and commercial lines insurance, acquired Carmichael Associates, Inc., a long-time employee benefits insurance company.
Inszone will gain from the acquisition of Carmichael because it is well-known among the locally-owned businesses in the Los Angeles area. In addition, the company is popular for its eased and simplified services in managing human resources and determining appropriate insurance plans for the employees and workers of the local business owners.
Carmichael's customers will continue to receive the same level of service under the Inszone Insurance Services brand, located in Lakewood (California). The company offers customers a genuine one-stop buying experience designed to simplify and streamline a complex process.
Employee benefits remain a crucial area of growth for Inszone Insurance Services. As a rapidly growing and expanding insurance service provider in all 50 states of the United States, the company looks forward to the work that will help it achieve its goals and acquire more benefits-focused agencies in the future.
"Carmichael's team of professionals have been exceptional in the field, and we are thrilled to incorporate their innovation into the Inszone's framework,"
- Chris Walters, CEO of Inszone Insurance Services
About Inszone Insurance Services
Founded in 2022, Inszone Insurance Services is a full-service insurance brokerage firm that offers a wide range of property, casualty insurance, and employee benefits solutions. With an experienced management team focused on the goals, it grows organically through acquisitions. With 35 locations in California, Arizona, Utah, Nevada, Colorado, Illinois, Texas, and Missouri, the company is looking to expand further across the country. It is focused on helping each customer understand and make sense of their insurance needs, the coverage they need, and the policy they are buying.
RISK MANAGEMENT, INSURANCE TECHNOLOGY
Embroker | February 24, 2023
Embroker, a digital insurance platform that makes it easy to insure a business, just released a new malpractice and cyber bundle that is specifically made for legal practices.
This package, the company's first vertical offering built on its new ONE by Embroker platform, makes it easy for law firms to obtain customized malpractice and cyber coverage.
Ben Jennings, Chief Revenue Officer at Embroker, stated, "Regardless of size, law firms don't just want to 'tick' the insurance box; they need a strategic partner to create products where risk is dynamically modeled and tailored to their biggest exposure areas."
He further added, "This law liabilities and cyber bundle does exactly that, and represents the first of multiple vertical-specific bundles we'll be launching on ONE by Embroker in the coming months."
(Source – Business Wire)
Law companies' databases include massive volumes of personal and sensitive customer data, making cybersecurity breaches severe. After answering a few questions, law firms can identify their coverage needs and receive customized liability and cyber policy quotations. Custom product packaging, level pricing transparency, and one application for various coverages let them receive the proper coverage faster and easier.
ONE by Embroker uses AI and machine learning to synthesize and mix business insurance solutions depending on industry demands, simplifying the insurance buying process. Embroker's ONE by Embroker universal application and strong vertical expertise create a unique, streamlined shopping experience for legal professionals in this law package. It's suitable for companies of all sizes, but those with 25 attorneys or fewer are the most underserved by conventional brokers and carriers.
Due to these expanding concerns, many organizations are now carefully assessing their cyber exposure and adding cyber insurance to their cyber hygiene activities.
Embroker simplifies smart business insurance. It saves time and money by integrating technology and broker knowledge. Embroker, the largest internet insurance broker, wants to improve the $800 billion P&C insurance market. The company services customers in all 50 states from its San Francisco, Chicago, and Boston headquarters. According to Goldman Sachs and CB Insights, it is one of the innovators shaping the future of finance.
CORE INSURANCE, INSURANCE TECHNOLOGY
RVOS Insurance Group and Guidewire Software | February 09, 2023
RVOS Farm Mutual Insurance Company (RVOS) has recently integrated Guidewire InsuranceNow for agent engagement and business growth.
Guidewire InsuranceNow is for U.S. property and casualty insurers struggling with IT resources, providing core cloud-driven solutions. Through automation and integration, it is easily implemented and quickly upgraded from time to time with operational support and cloud delivery, enabling insurers to focus more on innovation and respond to market demands. In addition, it offers solutions for customer experience, upgrades, less time consumption, business agility, freedom from system maintenance, and risk mitigation.
Vice President of RVOS, Wesley Jackson, said, "We selected InsuranceNow to modernize our systems to deliver better efficiencies to users. We were attracted to its lack of complexities. The screens are straightforward and very easy to work with. InsuranceNow will also provide a more robust interaction with our agents and allow them to have access to more data from the system, making it easier for them to do business with us."
(Source – Business Wire)
General Manager of Claims and InsuranceNow, Guidewire, Zachary Gustafson, said, "We celebrate RVOS' history of serving Texans for more than 120 years and its commitment to acting as 'neighbors helping neighbors'. We look forward to helping the company continue supplying quality property insurance to its membership, improving its current products, and developing new ones, and providing exceptional customer service."
(Source – Business Wire)
Headquartered in Temple, Texas, RVOS, an insurance company that started as a single company offering a basic fire insurance protection program in 1901, is now an established insurance holding of different companies, meeting the needs of property owners, farmers, and ranchers across the state. As policyholders own this company, it meets policyholders' needs, adapting to new budgets and financial circumstances. It focuses on future surplus claims and offsets future premiums rather than profiting from out-of-state parent corporations. It specializes in home, ranch, farm, and personal liability insurance.
Guidewire, a software development company, is dedicated to helping property and casualty insurers engage, innovate, and grow their insurance businesses. It integrates machine learning, data analytics, core and digital services, and cloud services. Headquartered in San Mateo, California, it has assisted over 500 insurers as a partner from over 38 countries to enhance their success worldwide since 2001. It provides integration, localization, and innovation for many applications. In addition, it has completed more than 1,000 projects through the support of research and development and partner networking in the industry.