Alacrity Solutions, Fourseventy Claim | February 02, 2021
Alacrity Solutions Group, LLC ("Alacrity Solutions"), a perceived innovator in providing insurance claims management services in North America, today reported the securing of Fourseventy Claim Management ("Fourseventy Claims"). Monetary terms of the exchange were not uncovered.
Established in 2011, Fourseventy Claims set up itself as a claims management pioneer with a sharp spotlight on advancement and innovation enablement. With a cross country organization of field and work area agents talented in providing services across the private and business property, setback and risk markets. Fourseventy Claims likewise offers a full-administration Third-Party Administration Program, providing start to finish claims dealing with solutions to a significant number of the main insurance carriers in North America.
“Fourseventy Claims has established a solid reputation in delivering exceptional service to their clients. Their leadership team possesses years of industry experience, which serves as a key driver in the strong and long-lasting relationships they have been able to develop and continue to grow over the years. We are really excited to partner with Matt Fatheree, Rob Beller and the Fourseventy Claims team,” said Jim Pearl, CEO of Alacrity Solutions. “This acquisition further positions Alacrity Solutions as one of the leading claims management providers and expands our scale and expertise in North America.”
Matt Fatheree, founder and CEO of Fourseventy, stated, “We are excited to become a part of the Alacrity Solutions enterprise. Their full-service offerings, commitment to superior service and strong reputation across the industry are just a few of the traits that align strongly with Fourseventy Claims. Additionally, we share a common approach to our principles and how we conduct business in placing a priority on people, partnership and an overall passion for this business. We look forward to continuing our track record of success and growth as part of the Alacrity Solutions enterprise moving forward.”
The exchange with Fourseventy Claims is Alacrity's 10th procurement since 2015. Alacrity has an engaged methodology of cooperating with and obtaining remarkable new stage and vital extra organizations to more readily serve the insurance claims industry as a solitary source specialist co-op.
About Alacrity Solutions
Alacrity Solutions, based in Fishers, Indiana, is one of the largest independent providers of insurance claims management services in North America. Alacrity provides property, auto, casualty claims adjustment services, and staffing solutions, as well as a nationwide managed repair network to national and regional insurance companies, MGAs, TPAs, self-insured corporations, and clients in the federal/state government sector. Kohlberg & Company acquired a majority stake in Alacrity in 2019.
About Fourseventy Claims
Fourseventy Claim Management is an independent insurance adjusting firm that provides services in all fifty states with over eight hundred adjusters, servicing losses in the residential and commercial property markets. While exhibiting core values of innovation and versatility, Fourseventy passionately explores what the future might entail for the insurance claims industry. Fourseventy takes great strides in working with insurtech companies to build a more efficient and consumer-friendly experience for its clients. Managed by an executive team with over 200 years of industry experience, Fourseventy collaborates with its customers to take the best approach surrounding what is possible for process and outcome improvement.
APOLLO Insurance Solutions Ltd | August 25, 2021
APOLLO Insurance Solutions Ltd. Canada’s leading online insurance provider, has partnered with Perch to offer immediate digital insurance products, specifically tailored to the thousands of Canadians that use their website each year when applying for affordable mortgages.
Launched in 2019, APOLLO Insurance now offers the largest selection of online insurance in Canada, through brokers and embedded partnerships like this one. Through APOLLO, consumers can get a quote and purchase insurance in five minutes, from any device, 24/7. Perch offers an analytics-driven digital platform that gives users in-depth financial insights throughout all aspects of homeownership, from buying, to mortgage renewals, refinancing, and selling. Users can also compare and apply for a mortgage online, with direct support from a dedicated mortgage advisor as needed.
“APOLLO is very excited to partner with Perch who stands by Canadians in the real estate industry,” said APOLLO Business Development Manager, Yonas Alemyehu. “With Perch and APOLLO partnering, we believe we can provide an exceptional digital experience for users, making it easier for those looking to build their real estate. We are pleased to offer Perch users an entirely digital experience, while also providing hyper-personalized service each user deserves.”
Perch is a prop-tech company based in Toronto that focuses on helping people make better real estate decisions to build wealth. Their platform provides clear insights to help users save money on their mortgage or unlock equity for their next purchase. Whether you’re a first-time homebuyer or seasoned real estate investor, Perch helps people manage their home investments.
“Perch enables home buyers to see exactly what they can afford, get pre-approved for, and save money by unlocking some of the lowest mortgage rates in Canada. For those looking to build wealth through their existing real estate portfolio, our online platform makes it easy for people to make informed decisions,” said Alex Leduc, Founder & CEO of Perch. “When we learned APOLLO offered a fully digital experience in the insurance space, while also helping their users save money through lower premiums, we saw a clear overlap and connection.”
APOLLO’s proprietary technology platform, the APOLLO Exchange, transacts insurance business in real-time and leverages extensive data and sophisticated algorithms to quote, collect a payment, create and deliver policies. Thousands of types of small businesses and individuals are able to buy online without human intervention.
About APOLLO Insurance
APOLLO is Canada's leading online insurance provider. Our proprietary platform, the APOLLO Exchange, allows insurance agents and their customers to purchase their policy immediately, from anywhere, on any device, 24/7. Unlike traditional paper-based processes, APOLLO leverages extensive data and sophisticated algorithms to quote, collect a payment, and issue policies for thousands of types of small businesses and individuals without human intervention. Through traditional agents and embedded finance partnerships, APOLLO is redefining the distribution of insurance.
Founded in 2018, Perch serves thousands of users across Canada, including Quebec. Perch gives users personalized insights and analytics throughout all aspects of homeownership, from buying, to mortgage renewals, refinancing, and selling. Perch users have access to an extensive network of mortgage brokers, realtors, lawyers, and other industry professionals to assist them in their real estate journey. Whether you’re a first-time home buyer or seasoned real estate investor, Perch helps people manage their home investments. The average Perch client saves $1,500 per year on their mortgage payments by getting access to some of Canada’s lowest rates, with a pre-approval in less than 24 hours. Perch has recently doubled the size of its team and closed a Seed Round. Their current focus is scaling operations and launching new tools and calculators to give users insights during their mortgage shopping process.
Sensa | February 09, 2022
Sensa, the first proactive insurance company, launched its auto insurance offering in the U.S., including real-time help with every policy. Powered by parent company MDgo's technology, Sensa's smart sensor automatically detects an accident and precisely analyzes damages and injuries, ensuring the right assistance is dispatched quickly to the scene. The launch comes as U.S. car fatalities are on the rise, with the lack of real-time assistance contributing to 44% of avoidable deaths.
Sensa's U.S. launch kicks off in Illinois, with Texas, Indiana, and Ohio scheduled for the coming weeks and a rapid rollout coming to the rest of the country soon. Sensa will be introducing additional proactive insurance offerings, with home insurance scheduled to launch later this year.
Itay Bengad, MD, Sensa CEO and Cofounder, applies the medical 'Point of Care' doctrine to insurance, bringing "bedside" care to "roadside" (or "carside") assistance and treatment.
"Every minute counts and every diagnostic detail makes a difference at the scene of a crash, After even a minor accident, people are at their most vulnerable and should never feel alone. Launching Sensa in the U.S. ensures our policyholders are professionally supported in their time of greatest need. True disruption of the insurance industry requires an insurance offering that goes the extra mile for policyholders and addresses the pain points of insurers, The scene of an accident is the only time when the interests of both policyholders and insurance companies are completely aligned. The policyholder wants to resolve the situation with the least amount of hassle, and the insurer wants the situation resolved according to its preferred distributors. With the knowledge and power to make a difference, insurers can provide policyholders with medical and logistical help – and reduce claim severity."
-Itay Bengad, MD, Sensa CEO and Cofounder
Sensa shifts the 'moment of truth' for insurance companies from the First Notice of Loss to the loss event itself. Personalized, professional help at the moment of truth provides an added value to policyholders and real-time situational awareness empowers Sensa to mitigate damages and injuries at the scene of an accident. The Sensa sensor, activated only when the force of impact indicates a collision, guarantees the privacy of all policyholders with no ongoing data collection or monitoring. Combined with frictionless installation in seconds and 24/7 support, the sensor's adoption rate far surpasses industry averages, standing at over 90%.
Sensa's technology was successfully beta tested in Europe and reached over 35,000 satisfied policyholders in the last year alone. Throughout this period, 94% of loss events were proactively managed within the first few minutes of a loss event. MDgo's technology and Sensa's insurtech offering are backed by funding from investors including Bessemer Venture Partners, Target Global, Volvo, Hyundai Motors, and Nationwide.
Sensa is the first proactive insurance company, guaranteeing premium emergency services to all its policyholders. Sensa provides proactive, real-time professional support 24/7 at the scene of a loss event, at no extra cost. Powered by its innovative sensor, Sensa automatically detects an incident and precisely analyzes damages and injuries, ensuring the best medical and logistical support at the moment of truth. Founded by Itay Bengad, MD, and engineers Gilad Avrashi and Eli Zerah, Sensa is backed by investors including Bessemer Venture Partners, Target Global, Volvo, Hyundai Motors, and Nationwide. Sensa is headquartered in Austin, Texas with an R&D center in Tel Aviv.