Hub International lays claim to MN-based crop insurance agency

Insurance Business America | April 08, 2019

Hub International’s M&A push does not appear to be slowing down, as the multinational insurance broker acquires yet another insurance agency. This time, Hub has purchased Corey Steinbach Insurance Agency, a full-service firm in Felton, MN that specializes in crop insurance. Terms of the transaction were not disclosed. A release explained that Corey Steinbach’s focus on the agribusiness industry supports Hub’s specialty practices. As part of the deal, Corey Steinbach Insurance Agency owner Corey Steinbach will join Hub Mountain. This is not the first time Hub has acquired a crop-focused insurer; in 2018, the broker snapped up the Idaho-based Harman Agency. Like Corey Steinbach Insurance Agency, Harman was selected to bolster Hub’s specialty practices.

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Spotlight

The underwriting process is critical for insurers. But manual processes, spreadsheets, and data from disparate silos slow down the process and make audit trails a nightmare. All that means a lot of stress on systems and employees, plus a less-than-ideal customer experience.

Fortunately, it doesn’t have to be that way.

With the P&C Underwriter Workbench from Mendix and Capgemini, you can optimize and digitize underwriting, leading to efficiency, effectiveness, and increased productivity.

Connect with your core systems and data sources to make data-driven decisions. Customize every aspect to make an offering that’s uniquely yours.

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