Akur8 | June 23, 2021
wefox Insurance and Akur8 are excited to report their coordinated effort, as a vital achievement to reinforce wefox Insurance's pricing process. This arrangement further builds up the presence of Akur8 in Germany, and shows the broadness of Akur8 use cases, working together with a completely advanced neo-guarantor.
Explicitly produced for insurers, Akur8's answer improves their pricing processes via computerizing hazard and request demonstrating, utilizing straightforward Artificial Intelligence proprietary technology. The center advantage for insurers is more noteworthy speed-to-exactness, while keeping up with full straightforwardness and control on the models made.
With Akur8, wefox Insurance further builds up their administration levels to clients and conveyance accomplices. wefox Insurance furnishes dispersion accomplices with custom fitted taxes, exact and designated pricing and high reactivity. Akur8 further backings wefox in its interest to severe endorsing discipline through giving an altogether robust pricing process.
The coordinated effort among Akur8 and wefox Insurance was worked with by Munich Re. This supports Munich Re's vision of key reinsurance organization including best in class counseling administrations by cooperating with their customers along the entire worth chain.
Akur8 is revolutionizing insurance pricing with transparent AI. Akur8 developed a unique AI-based insurance pricing solution that automates modeling for insurance companies while keeping full transparency and control on the models created, as required by regulators worldwide. Akur8 is the only solution on the market reconciling Machine Learning and Actuarial worlds.
About wefox Insurance
wefox Insurance is a digital real-time insurer. Brokers and end customers can take out paperless insurance within a few minutes. Damages are reported digitally and in more than 60 percent cases are settled on the same day. wefox household, liability and motor vehicle insurance are available in Germany, Poland and Switzerland. wefox has just announced their series C funding of over $650m for a valuation of $3bn.
Patriot Growth Insurance Services | January 10, 2022
Patriot Growth Insurance Services, LLC ("Patriot"), one of the country's largest and fastest-growing national insurance agencies, announces the addition of several key partners to its Florida operations, including Kolisch Marine, Depace Insurance, MacLeish Insurance, Focus Insurance Agency, Herndon Carr & Company, and Crosslet Insurance Services. These six partnerships will work within Patriot's Shapiro Insurance Group (SIG) platform, and significantly expand Patriot's expertise and capabilities throughout the Southeast region.
Kolisch Marine, located in Coral Gables, specializes in marine insurance. Moving forward, Joe Kolisch and the team will share their yacht insurance expertise with Patriot's 1,300 employees across the U.S. Patriot will assist Kolisch Marine clients with a broader array of resources and services to fulfill their insurance needs.
Bob MacLeish and his team join us with over 30 years of industry experience. Based in Orlando, the agency is immersed in community involvement while specializing in both personal and commercial lines. All staff will remain as SIG provides added carriers, technology, and back-office support.
Located in Coral Springs, Depace Insurance provides a full array of personal lines insurance and services to its clients. Founders Joe and Susan Depace will transition to retirement while the entire professional team will continue providing their exceptional level of service. Working with Patriot, Depace will receive significant upgrades to their office automation and administrative support.
Located in Plantation, Florida, Focus Insurance specializes in personal lines with a group of professionals that is fluent in five languages! The entire client service team remains to support existing and new clientele.
Herndon Carr & Company have served the Fort Myers area since 1974. Reed Herndon and Thomas Carr are partners at Patriot and will play a critical role in southwest Florida through their work in personal lines, commercial lines, and employee benefits. Their entire team will remain in place, servicing existing clients and synergizing with other agencies in the region as services expand.
Serving Tampa, St. Petersburg, Clearwater, and surrounding areas, Crosslet Insurance Services will provide ongoing expertise for business and residential communities. SIG broadens the carrier lineup for clients in this region while providing marketing and other essential services.
"These six partner agencies joining the Patriot family represent a milestone in growing our talent and reach across the entire state of Florida, Each of these agencies and leadership teams bring a unique expertise and are closely aligned with the communities that they serve. We are beyond thrilled to welcome them to the Patriot family."
-Steve Carroll, SVP of M&A for Patriot.
"We're delighted to add Crosslet, Depace, MacLeish, Kolisch, Focus, and Herndon Carr to our continuously growing operations in the Florida region. Their diverse expertise and significant experience will further expand our reach and enhance our relationships throughout the Florida marketplace, We deeply value these partnerships, driving strategic priorities forward while complementing our culture and community growth."
-Joel Shapiro, President of SIG.
"We're thrilled to welcome these exceptional teams and their clients to Patriot as we expand our leadership in the region. They share our vision and drive for superior quality of service, making them excellent partners, We continue to search for passionate, driven and engaged agency partners like MacLeish, Depace, Focus, Crosslet, Herndon Carr, and Kolisch to share best practices and benefit from collaboration opportunities across Patriot's platform."
-Matt Gardner, Founder and CEO of Patriot.
About Patriot Growth Insurance Services
Founded in 2019, Patriot is a growth-focused national insurance services firm that partners with employee benefits and property & casualty agencies across the United States. In its second year of operation, Patriot was ranked in the top-40 largest insurance brokers in the U.S. by Business Insurance. With over 1,350 employees operating in 110 locations across 19 states, Patriot's collaborative model delivers resources and strategic support to its agencies, whose leaders continue to operate with a high degree of autonomy in their local markets. Patriot creates true alignment with its partner agencies, and its operating philosophy fosters enhanced career opportunities for its dedicated and professional team. Patriot is backed by GI Partners and Summit Partners.
Cowbell Cyber | February 23, 2022
Cowbell Cyber, the industry's first AI-powered cyber insurance provider for small to medium enterprises (SMEs), announced it has partnered with Smart Choice – one of the nation's leading insurance agency networks – to distribute its standalone cyber coverage and risk monitoring services. Now, Smart Choice's network of 9,000 agency partners across 45 states have access to Cowbell Prime 100, Cowbell's flagship standalone and admitted cyber insurance product.
Smart Choice selected Cowbell Cyber because of the company's robust standalone cyber portfolio which brings the following advantages to Smart Choice agents and policyholders:
Speed: Cowbell Prime enables Smart Choice agents to prepare multiple, customized quotes in a few clicks.
No binding delays: Every quote issued by Cowbell Prime can be instantaneously bound with quote, bind and issue capabilities done within minutes.
Ease of use and transparency: Selling of cyber insurance is simplified with coverages that are presented to policyholders in an easy to understand manner, along with Cowbell Factors to identify risk deviation from the industry average.
The wealth of risk management resources for policyholders including: continuous risk assessment and monitoring, cybersecurity awareness training program for employees, access to Cowbell's risk engineering advice and more.
"We're excited to be partnering with Smart Choice to deliver customized cyber coverage and easy-to-use risk management tools to their large and ever-growing agency network, Partnering with Smart Choice also allows us to better distribute cyber insurance, making sure all small to medium-sized businesses have access to relevant cyber coverages."
-Dan Law, Vice President of National Accounts at Cowbell Cyber.
"Cowbell Cyber's insurance programs are a perfect fit with what agents and policyholders are asking for: speed, ease of use, clarity and relevance, Additionally, we know that Cowbell Cyber equips our policyholders with best-in-class risk management tools and resources to keep our policyholders' cyber resilience up-to-speed with the changing cyberthreat landscape."
-Oliver Travieso, VP of Commercial Lines at Smart Choice.
About Smart Choice
The Smart Choice® Agents Program is a wholly owned program of Worldwide Insurance Network, Inc. (WIN), headquartered in High Point, North Carolina. They currently serve over 9,000 agency partners in 45 states. For more information, visit www.smartchoiceagents.com.
About Cowbell Cyber
Cowbell Cyber offers standalone, individualized, and easy-to-understand cyber insurance for small and mid-size enterprises. In its unique AI-based approach to risk selection and pricing, Cowbell's continuous underwriting platform, powered by Cowbell Factors, compresses the insurance process from submission to issue to less than 5 minutes. Cowbell Insurance Agency is currently licensed in 50 U.S. states and the District of Columbia. Cowbell Reinsurance Company is a licensed insurance captive in the State of Vermont.