INSURANCE TECHNOLOGY

HawkSoft and InsuredMine Introduce API-Powered Integration Between Systems

HawkSoft, InsuredMine | January 19, 2021

HawkSoft, the Oregon-based insurtech company, launched an integration with InsuredMine, a Texas-based insurtech that gives sales, CRM, marketing automation, analytics, and a client mobile app in an all-in-one platform. HawkSoft embraces a collaborative API approach to help independent agencies leverage a different range of innovation partners. HawkSoft's inclusivity can go the extra mile while partnering with insurtech sellers that aim at consolidating key functionality into bound together platforms. InsuredMine utilizes HawkSoft's Partner API to populate their framework with client and strategy data pulled in near real-time from the HawkSoft agency management framework. Data from HawkSoft is used all through InsuredMine's CRM and sales work processes to assist agencies with accelerating business sales and delve further into their present book of business for cross-sales and rounding openings. Client and strategy data is also leveraged for client segmentation and automation triggers to dribble communications via advanced functionality of the Engagement module in InsuredMine. InsuredMine's mobile app for insureds also works with data in HawkSoft to allow an agency to offer mobile access to their policyholders without the requirement for any extra data section.

"HawkSoft is excited to collaborate with InsuredMine and their suite of business productivity tools," said Rushang Shah, VP of Marketing at HawkSoft.  "InsuredMine, like HawkSoft, is a product-driven company," continued Rushang, "and the scope of functionality within their product allows an agency to check off so much of their insurance tech stack from one vendor."

"Integrating with HawkSoft is not just about providing a world-class solution or eliminating friction in the process for client agencies but investing in relationships that have a similar organizational mindset and obsession of driving value for clients," said Raution Jaiswal, Co-founder of InsuredMine.

Mutual customers of HawkSoft and InsuredMine can enable integration within HawkSoft's Marketplace. To learn more about InsuredMine and their integration with HawkSoft.

About HawkSoft
Since 1995, HawkSoft is a leader in management systems for independent insurance agencies that want effective workflows and a delightful experience for staff and policyholders. Created by independent agents, HawkSoft continues to evolve as a cutting-edge system that powers thousands of agencies. HawkSoft offers the following promise to insurance agents: your investment in HawkSoft will pay for itself in the first year.

About InsuredMine
InsuredMine is a best in class, all in one integrated software system helping independent insurance agents optimize and grow their agency by converting, engaging, and retaining clients, all while providing a state-of-the-art experience to the agents as well as their customers. InsuredMine's CRM helps agents with fast and smart sales, segmented and automated engagement, real-time visual analytics, and policy wallet via the mobile app to help them grow double digits and reduce operating costs. InsuredMine is empowering independent insurance agencies to compete in the digital age against digital products and grow revenues faster.

Spotlight

Endorsed by the UN Secretary-General and insurance industry CEOs, the Principles for Sustainable Insurance (PSI) serve as a global framework for the insurance industry to address environmental, social and governance (ESG) risks and opportunities and a global initiative to strengthen the insurance industry’s contribution as risk managers, insurers and investors to building resilient, inclusive and sustainable communities and economies on a healthy planet.

Spotlight

Endorsed by the UN Secretary-General and insurance industry CEOs, the Principles for Sustainable Insurance (PSI) serve as a global framework for the insurance industry to address environmental, social and governance (ESG) risks and opportunities and a global initiative to strengthen the insurance industry’s contribution as risk managers, insurers and investors to building resilient, inclusive and sustainable communities and economies on a healthy planet.

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CORE INSURANCE

Combined Insurance Opens New Regional Office in South Carolina

Combined Insurance | November 21, 2022

Combined Insurance Company of America, a Chubb company and a leading North American provider of supplemental insurance sold to employees at the worksite and directly to individuals, announced today that it has opened a new regional office in Columbia, South Carolina. "While the trend in many industries is to move away from in-person work, Combined believes it's important to offer our team members choice, flexibility, and a collaborative environment, Columbia is a wonderful place to do business. It offers a labor market talent-rich in insurance industry expertise, and the Southeast is a prime region for voluntary business sales growth." -Rich Williams, President of Combined Insurance Open, Flexible Space Combined's new regional office is located in 13,000 square feet on the 23rd floor of the Capitol Center, South Carolina's tallest building and more commonly called the Truist Building. The open floor plan provides an outstanding setting in which to host broker and customer meetings. Nearly 30 team members in the Columbia area, who previously worked remotely, will call the office home, including a cross-departmental mix of executives, sales and field support leadership, as well as members of the claims, compensation, finance, legal, licensing, marketing and operations teams. The office also provides additional space to accommodate additional staff as needed in the future. We have created a space where our teammates – not only from the Midlands but across the national Combined footprint – can gather to collaborate and work on behalf of our customers and policyholders, The area's abundant talent across job roles and the benefits industry makes it the perfect place for Combined to grow,said Eileen Castolene, Senior Vice President and Chief Operations Officer for Combined. Voluntary Benefits Sector Combined offers life, accident, cancer, critical illness and disability insurance, as well as hospital indemnity protection. These products, when offered through the worksite, allow employers to offer employees additional financial peace of mind during these times of rising healthcare costs and economic turbulence. In today's tight labor market, a competitive benefits package can assist employers in recruiting and retaining talent. In fact, more than three-quarters of employees say voluntary benefits positively affect their decision to work for, or stay with, an employer (Corestream, 2021). Centennial Year Today's announcement comes at an important time for Combined, as it celebrates its 100th anniversary in business. The company was founded Nov. 13, 1922 in Chicago. As we mark our 100th birthday this week, and celebrate our distinctive history, we're proud to start our second century by expanding our office footprint and investing in Columbia, This new office enhances our ability to provide insurance solutions of value and help individuals and families in times of need,Williams said. About Combined Insurance Combined Insurance Company of America is a Chubb company and a leading provider of supplemental accident, health, disability, and life insurance products in the U.S.* and Canada. Headquartered in Chicago with a tradition of 100 years of success, we are committed to making the world of supplemental insurance easy to understand. The company has an A+ rating by the Better Business Bureau and an A + (Superior) financial strength rating by A.M. Best. We are ranked by VIQTORY as the number one Military Friendly® Employer in 2022 (over $1 billion revenue category), marking Combined's eleventh consecutive year on the Top 10 list.

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INSURANCE TECHNOLOGY

Vouch Partners with Capsule To Support Startups Internationally

Capsule and Vouch | November 11, 2022

Capsule, a specialist insurance provider to high-growth companies in the UK, today announced a partnership with Vouch, a San Francisco-based insurance platform that provides business insurance for high-growth technology startups in the US. With this partnership, the two companies will work together to ensure that they can support their clients' needs internationally. The partnership comes just a year after Capsule's launch and will help startups and tech innovators across all the main markets protect themselves as they grow. As part of the partnership, Capsule will also assist Vouch's US venture and incubator partners with their UK portfolio companies, and Vouch has made an investment in Capsule. The additional funding will be used by Capsule to advance its technology and recruitment. Since Capsule launched in September 2021, the company acts for some of the country's top startups and scale-ups including Onfido, Codat, Otta, Hofy and Castore, and has in recent months partnered with SeedLegals, Crowdcube and a number of leading VCs. Prior to launching Capsule, co-founders Thomas Wynne and Liam Green successfully scaled and sold UK insurance group Kingsbridge in a nine-figure exit to US-based NSM in March 2020. Vouch, founded by CEO Sam Hodges (formerly CEO of Funding Circle US) and CRO Travis Hedge (formerly of Silicon Valley Bank), is a new kind of insurance platform for startups that offers fully digital, tailored coverage that takes minutes to activate. With over $160 million raised to date from the likes of Y Combinator, Ribbit Capital, Silicon Valley Bank and Index Ventures, as well as a recent valuation of over $550 million, Vouch has cemented its status as a 'soonicorn' with its sights firmly set on the next stage of business growth. "Vouch is committed to protecting founders and company builders where they are today and where they'll be tomorrow. Our partnership with Capsule represents an important first step in our plan to provide holistic international risk management solutions, so our clients can protect their global operations with the same ease and confidence they experience with us today. We're excited to start this journey with the Capsule team." -Sam Hodges, CEO of Vouch Thomas Wynne, Co-Founder and CEO of Capsule, added: The hyper-growth startups we support have global aspirations. Yet even the most sophisticated teams face a steep learning curve when scaling their risk management programs internationally. Our partnership with Vouch enables us to solve insurance holistically across markets and unlock further growth. About Capsule Capsule is a specialist insurance provider that helps startups and scale-ups in sectors such as Web3, Fintech, Enterprise (SaaS) and Consumer Tech navigate the risks of rapid expansion by ensuring they have the proper protection in place. Specialising in cover for businesses from seed stage through to IPO, Capsule offers policies including Directors' and Officers', Key Person, Professional Indemnity and Cyber Liability insurance, as well as many others. Their advice is geared for growth ('Capsule' is an anagram of 'scale-up') and backed by state-of-the-art technology that tracks clients across more than 300 data points. As a certified B Corporation, Capsule is also committed to using business as a force for good. Their team is equally passionate about helping similarly mission-driven and impactful organisations get these factors recognised and rewarded by the insurance sector. About Vouch Vouch is a US-based provider of business insurance to thousands of high-growth companies. Since its inception in 2018, the company has empowered its clients to get risk management right through niche expertise, a proprietary approach to pricing and underwriting, fast, digital-first procurement and coverages that scale as the company grows.

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CORE INSURANCE

Farm Bureau Mutual Insurance Company of Idaho Selects Guidewire Cloud to Deliver More Value for Business Growth

Farm Bureau Mutual Insurance Company of Idaho | October 14, 2022

Farm Bureau Mutual Insurance Company of Idaho (FBM Idaho), the state’s largest domestic personal lines insurer, and Guidewire (NYSE: GWRE) announced that FBM Idaho selected InsuranceSuite on Guidewire Cloud to power core operations, simplify IT operations, quickly adapt to changing market demands, and deliver more value to its agents and policyholders. A Guidewire self-managed customer since 2010, the company plans to migrate InsuranceSuite to Guidewire Cloud across the entire organization at the same time. “As a regional insurance organization, we need to make sure that we're maximizing resources, and we feel that Guidewire Cloud aligns with our long-term strategy and goals to leverage the capabilities of a broader organization to move us forward and allow us to compete effectively against competitors of all sizes, Guidewire Cloud offers us resource flexibility and cost management by enabling us to stay current on Guidewire’s latest technologies and innovations, while devoting less time to system maintenance and upgrades.” -Todd Argall, executive vice president and chief executive officer, FBM Idaho Argall added, InsuranceSuite’s management reporting capabilities are very impressive in the Guidewire Cloud environment to enhance what our team has done. CustomerEngage and ProducerEngage will enable us to take the system to the next level of usability and maximize the experience our agents and customers have in working with us. Another big advantage of Guidewire Cloud is that it will offer us tremendous flexibility to integrate with the best-in-class insurtech solutions in the Guidewire PartnerConnect ecosystem and advance our transformation. We admire FBM Idaho’s 75 years of service as one of Idaho’s leading auto insurers, the largest writer of farm and ranch insurance in the state, and the largest personal lines insurance company wholly based there, We appreciate the company’s partnership and their confidence in leveraging InsuranceSuite on Guidewire Cloud to amplify their reputation as a company that helps its neighbors,said John Mullen, president and chief revenue officer, Guidewire. About Farm Bureau Mutual Insurance Company of Idaho Celebrating 75 years of protecting what matters most in Idaho, Farm Bureau Mutual Insurance Company of Idaho is one of Idaho’s leading auto insurers, the second largest writer of all insurance lines in Idaho, the largest writer of farm and ranch insurance in the state, and the largest personal lines insurance company based solely in Idaho. The company was recently recognized by Forbes as Idaho’s “Best-In-State” insurance company for homeowners insurance. About Guidewire Software Guidewire is the platform P&C insurers trust to engage, innovate, and grow efficiently. ​We combine digital, core, analytics, and AI to deliver our platform as a cloud service. More than 500 insurers in 38 countries, from new ventures to the largest and most complex in the world, run on Guidewire. As a partner to our customers, we continually evolve to enable their success. We are proud of our unparalleled implementation track record, with 1,000+ successful projects, supported by the largest R&D team and partner ecosystem in the industry. Our marketplace provides hundreds of applications that accelerate integration, localization, and innovation.

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