CORE INSURANCE, RISK MANAGEMENT
PRnewswire | April 06, 2023
Falvey has partnered with Canopius U.S. and is now accepting inland marine submissions following the recent appointment of the dedicated team at Falvey Insurance Group.
"Since onboarding the team about 30 days ago, we have implemented a fully functional and customized underwriting system, which includes invoicing and claims filing, and have secured paper with Canopius U.S.," says Jack Falvey, Chief Operating Officer at Falvey. "Our team worked tirelessly to make this launch quick-to-market as we wanted to make the inland marine product available to our broker partners as soon as possible."
Mike McKenna, Chief Underwriting Officer at Falvey, adds, "This partnership with Canopius will allow Falvey to expand into new lines of business and offer complementary products to our clients. We look forward to working together to provide top-tier service to our clients."
Inland Marine products offer broad terms and conditions that cover many risk types emanating from a wide range of commercial business applications that may not be covered in the standard property market. The many insurance needs considered in the Inland Marine market include the following: property moving over land, property that is stored at a third-party location, builders' risk, care, custody and control of others property in warehouses, infrastructure and/or individual high valued properties. These are just a few examples of the many Inland Marine insurance coverage needs that Falvey Insurance Group will consider.
About Falvey Insurance Group
At Falvey Insurance Group, our value starts with the strength of our products, but we believe that your premium should provide more than just great coverage. With Falvey Insurance Group, you receive a breadth of additional value-added services at no additional cost. We have spent decades developing a reputation in the industry for commitment to going the extra mile for our clients and broker partners, providing solutions that put your needs first and exceed expectations. If you have a broker agreement with Falvey, you have access to all Group products and a universal claim handling and loss control experience. Plus, you can expect World-Class service from any one of our underwriting teams.
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CORE INSURANCE, RISK MANAGEMENT
Businesswire | May 30, 2023
Inszone Insurance Services, a rapidly growing national provider of benefits, personal, and commercial lines insurance, announced today that it has acquired Citizens General Insurance Brokers, Inc, located in Auburn, CA.
Citizens General Insurance Brokers, Inc., founded in 2011 by Philip McClendon, has created a niche for itself in the industry by providing value-based insurance solutions specifically tailored to small businesses and construction industries. Their focus on quality and swift customer care has propelled them to the forefront of the industry in a short span of time.
With the acquisition of Citizens General Insurance Brokers, Inc, Inszone has further solidified its position as a leader in the commercial insurance industry. Inszone’s capabilities and resources will enable them to provide an even better service experience to customers of Citizens General Insurance Brokers, Inc and help them manage their risks more effectively.
“At Inszone, we share Citizens General’s passion for serving customers and providing them with the best possible solutions,” said Chris Walters, CEO of Inszone Insurance Services. “We are thrilled to integrate them into the Inszone family and look forward to collaboratively reaching out to a wider demographic across various industries.”
Philip McClendon, the previous owner of Citizens General Insurance Brokers, Inc, said, “The process of the merger with Inszone has been an absolute pleasure. From the highest levels of leadership to the entire team, everyone at Inszone has been professional, supportive, and aligned with our values. Despite their rapid growth and size, Inszone maintains a warm and personable culture that resonates with our own, and it does not feel like a typical corporate environment.”
Inszone Insurance is confident that their shared vision of providing value-based insurance and quality customer care will enable them to achieve even greater success in the future.
About Inszone Insurance Services
Founded in 2002 and headquartered in Sacramento, California, Inszone is a full-service insurance brokerage firm that 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 42 locations across California, Arizona, Nevada, Utah, Colorado, Michigan, Missouri, Oregon, Texas, and Illinois, the company is looking to further expand throughout the United States.
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CORE INSURANCE, INSURANCE TECHNOLOGY
Accesswire | May 04, 2023
CogniSure AI, a leading provider of insurance document extraction and analytics solution provider, has entered into a partnership with market-leading no-code platform provider, Innoveo, to drive underwriting efficiencies and pricing accuracy for commercial insurers.
CogniSure's Submission Insights platform unlocks understandings trapped in unstructured documents such as loss runs, applications, schedules, and SOVs - in real time with high accuracy levels. The enhanced submission data output is integrated into Innoveo's Digital Underwriting Workbench accelerator that automates underwriting workflows to deliver a frictionless and end-to-end digital experience for underwriters.
This partnership thus combines the power of two revolutionary technologies - the no-code capabilities of Innoveo with the AI-powered automation capabilities of CogniSure. The pre-built integration between CogniSure and Innoveo will help insurers cut down the time and cost of processing submissions and boost underwriting capacity while allowing underwriters to focus on risk analysis and decision-making.
"We are excited to partner with Innoveo who is committed to the cause of improving time to value and innovation for the insurance industry. We are thoroughly impressed by their no-code capabilities, and I believe the unique combination of our solutions will maximize value for commercial insurers driving superior underwriting outcomes," said Sai Raman, Founder & CEO, CogniSure.
"Innoveo's Digital Underwriting Workbench integrated with CogniSure's Submission Insights platform is a great example of the Insurtech ecosystem at work," said Thiru Sivasubramanian, Chief Solutions Officer, Innoveo. "The integrated offering is truly a winning proposition for Commercial Insurers as it accelerates digitization through trained ML models and enhances efficiency of submission intake and underwriting for the industry."
About Innoveo
We believe you can build modern applications that deliver digital experiences and drive business growth without having to write any custom code. That's why it's our mission to empower enterprises in complex and regulated industries to re-imagine application development by enabling them to be connected, innovative, quick, and nimble. Backed by leading investors including Everstone Capital and Paulson & Co, Innoveo's cloud-based, AI-enabled no-code platform is currently in production globally at over 30 industry leaders across insurance, financial services, healthcare, and real estate. With Innoveo, you'll get the solutions and industry expertise you want, plus a little extra: a thoughtful, no-nonsense experience delivered with a refreshing dose of honesty. For more information, visit: www.innoveo.com.
About CogniSure AI
CogniSure helps commercial lines companies to transform unstructured insurance documents into actionable insights. Its deep learning algorithms accurately extract, normalize, validate, and analyze data from documents to develop insights that will enhance risk decision-making capabilities, improve customer experience and prevent losses. For more details, please visit www.cognisure.ai.
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