WORKERS COMPENSATION, LIFE INSURANCE
PRnewswire | May 02, 2023
Leading voluntary benefits provider Colonial Life has launched Gathr, a cloud platform to transform the way small businesses deliver benefits and address common human resources needs. Gathr enhances and elevates benefits enrollment, administration, and HR experience so employers and their brokers can save time and focus on what matters most.
Gathr combines Colonial Life's proprietary and market proven technology to help workers sign up for medical, voluntary and group benefits, in a secure digital experience.
"Gathr provides an intuitive benefits and HR experience for small and medium-sized businesses," says Tim Arnold, president and chief executive officer of Colonial Life. "Leveraging Gathr eliminates the need to coordinate with each carrier, which saves time and simplifies open enrollment for companies, their employees and our broker partners."
Gathr provides these flexible, digital solutions:
Benefits Enrollment: Centralized portal for open enrollment; custom enrollment communications and easy-to-understand educational materials
Benefits Counseling: Delivers 1-to-1 benefits; available in person, virtually, over the phone, or with a hybrid approach
Digital Documents & Workflows: Digitally sign, complete, and track all benefits and HR documents
Compliance: Centralized recordkeeping helps businesses maintain compliance with the most recent ACA, ERISA, COBRA, HSA, and FSA regulations
Premium Add-on Features –Time tracking, paid time off, performance management, and custom workflows can be added to help businesses manage their HR needs as they scale up
About Colonial Life
Colonial Life & Accident Insurance Company, a subsidiary of Unum Group, provides financial protection benefits to America's workers and their families when the unexpected happens. The company offers workplace benefits, including disability, life, accident, dental, cancer, critical illness and hospital confinement indemnity insurance. Colonial Life's benefit services, education and innovative enrollment technology supports over 87,000 businesses and 4 million workers. In 2022, Colonial Life paid more than $700 million in benefits to policyholders.
Read More
CORE INSURANCE, LIFE INSURANCE
PRnewswire | May 18, 2023
Estrella Insurance, a leading property and casualty insurance agency and national franchisor, has been acquired by Confie, the largest personal lines insurance distribution company in the U.S. Confie leadership says the move will "greatly expand" the company's presence in Florida, and will fall under Confie's Freeway Insurance division.
Estrella's more than 190 offices and employees across the U.S. will continue to operate under its current brand, and Confie will retain all current employees with the acquisition.
According to Confie CEO Cesar Soriano, "Estrella has built a strong franchising model well-known among Hispanic consumers and business owners alike. Franchising allows us to broaden our customer reach, and accelerate our growth into new markets. Americans are entrepreneurial by nature and we proudly will offer them the choice between three trustworthy brands."
"Our franchise partners are family, and their success is our success. It was important to find the right partner that would support both our brand, customers, and growth plan," said Nicolas Estrella Jr., Estrella's CEO. "Confie is a highly respected organization with years of industry knowledge and forward momentum. It was a perfect fit for Estrella."
Estrella Insurance operates in Florida, California, Arizona, Texas, and Colorado. For over 40 years, the agency has provided affordable insurance solutions and exceptional service to their customers. Their product portfolio includes auto, home, commercial, business, life, and health.
Confie, which has more than 750+ retail locations in 23 states, introduced franchising opportunities to entrepreneurs in 2022. Their leadership adds the Estrella acquisition is part of Confie's larger growth and development expansion plans.
"Estrella has aggressive growth plans that will only be strengthened through our affiliation with Confie," says Nicolas Estrella, Jr., CEO of Estrella. "We are thrilled to be part of the Confie organization and see great potential ahead."
About Estrella Insurance
Miami-based Estrella Insurance is a property and casualty insurance franchisor and a trusted leader among consumers and insurance companies by providing simple, cost-effective insurance solutions across its auto, home, commercial, business, life, and health insurance portfolios. With more than 190 offices across the U.S., it is consistently ranked as a top franchise opportunity with a proven business model that allows owners to focus directly on customer support and community engagement. For more information on franchise ownership, visit www.estrellafranchise.com.
About Confie
Established in 2008, Confie is the nation's leading personal lines insurance distribution company. Today, Confie meets customers wherever they are – with more than 750+ retail locations in 23 states, the Bluefire general agency, and a telephone and online shared service center servicing all 50 states. With flexible insurance options, outstanding value, and convenient service, Confie's aspiration is to be the most trusted source of insurance solutions so our customers can have peace of mind. Confie is a portfolio company of Alliant. For more information about Confie, visit www.confie.com.
Read More
CLAIMS, LIFE INSURANCE
Constellation Insurance | March 10, 2023
On March 9, 2023, SS&C Technologies Holdings announced that Constellation Insurance, Inc. has chosen SS&C Precision LMTM to assist in handling its expanding portfolio of commercial mortgages.
Precise LM software for loan origination and servicing will help track pipelines, service loans, account for assets, manage regulators, and report on its increasing commercial mortgage portfolio on a single platform.
Vice President of Mortgages and Real Estate at Constellation, Timothy Biggs, expressed, "We were impressed by SS&C's expertise, infrastructure, and continued enhancement to its commercial mortgage technology."
Timothy Biggs added, "Precision LM is a robust and scalable solution, which will provide increased data and automation and improve efficiency and accuracy. Having Precision LM is especially important as additional regulations continue to be implemented."
(Source – Cision PR Newswire)
Constellation thinks the new system will make the lending process faster and more accurate, bring in more money, and help the company manage risks better. Additionally, the cloud-based platform that Precision LM offers will help reduce the workload for Constellation's IT division.
Bhagesh Malde, General Manager and Global Head of SS&C GlobeOp, remarked, "SS&C is committed to providing innovative software and value-added services to commercial real estate lenders and insurance companies."
"This complex industry is evolving with increasingly complex stakeholder expectations. With our deep domain expertise and superior technology, we simplify commercial loan management for clients," he concluded.
(Source – Cision PR Newswire)
SS&C's Precise LM software also helps more than 130 banks, insurance companies, real estate investment trusts, and debt funds with lending.
About Constellation Insurance
Constellation Insurance, Inc., a leading insurance holding company, serves consumers and small business owners in the US and Latin America through its insurance subsidiaries - Ohio National Life Insurance Company, Ohio National Life Assurance Corporation, National Security Life and Annuity Company, and other affiliated (re)insurance entities in Latin America and the Cayman Islands. As of September 30, 2022, its insurance firms managed about $34 billion in assets. Furthermore, Constellation's equal partners, CDPQ and Ontario Teachers', oversee a combined net asset of roughly C$660 billion. This includes over C$140 billion in private capital investments.
Read More