K&K Insurance snaps up Pullen Insurance’s book of business

Insurance Business America | May 08, 2019

K&K Insurance snaps up Pullen Insurance’s book of business
K&K Insurance Group – a wholly-owned subsidiary of Aon – has purchased the client portfolio of its longtime partner, Pullen Insurance Services. Pullen specializes in the placement of insurance coverage for amateur sports risks; the company has collaborated with K&K Insurance for many years to help clients with their specific insurance needs, a release noted. K&K Insurance specializes in the sports, leisure, and entertainment insurance industries – and has pioneered the motorsports insurance space. According to a release, the acquisition of Pullen’s book of business expands K&K’s “continued commitment to the specialty industries it has served since 1952.” As part of the integration, Dan Pullen will serve as program director, sports division in Fort Wayne, IN. Pullen’s responsibilities will include the management of K&K’s youth soccer business. “This is an exciting milestone for our company and is an important step in furthering the growth of K&K Insurance,” said K&K Insurance Group president and CEO Todd Bixler. “We look forward to working with the Pullen team to ensure a rapid and seamless transition, ultimately benefitting the sports, leisure and recreation industries.” “Our staff is extremely excited in joining forces with K&K Insurance, a leader in amateur sports,” commented Pullen Insurance Services president Pat Pullen.

Spotlight

Compare and buy travel medical insurance plans for overseas travelers on our website. Affordable visitor medical insurance plans for non-US residents visiting the USA or Europe. For more details, visit: https://www.visitorsguru.com/visitor.

Spotlight

Compare and buy travel medical insurance plans for overseas travelers on our website. Affordable visitor medical insurance plans for non-US residents visiting the USA or Europe. For more details, visit: https://www.visitorsguru.com/visitor.

Related News

IBM and Aegon Join Forces to Enhance the Service for Around 800,000 Customers Digitally

IBM | June 04, 2020

Administration of 800,000 individual life insurance contracts transitions to IBM's Open Insurance Platform. Outsourcing with subsequent renewal options designed to help Aegon to modernize policy administration and realize long-term customer service. IBM will manage Aegon's run-off life insurance until last policy in the portfolio expires in 2066. IBM announces that it has entered into an agreement with Aegon the Netherlands for the servicing and administration of its individual life policies. This is designed to further digitally enhance the service for around 800,000 customers. IBM Services will manage Aegon's run-off life insurance until the last life insurance policy in the portfolio expires in 2066. The life insurance policies will be migrated to IBM's Open Insurance Platform to digitize the insurance policy administration from customer contact to financial settlements in a state-of-the-art IT platform hosted on the IBM public cloud. Leveraging IBM's Open Insurance Platform, Aegon the Netherlands aims to modernize policy administration and maintain long-term customer service. Read More: How Are Chatbots and Artificial Intelligence Are Adding Value to the Insurance Sector Outsourcing the administration to IBM can help Aegon reduce their management costs per policy for the full remaining contract time. The IBM Open Insurance Platform will help secure continuity of the management of closed book life insurance policies against low fixed costs per insurance policy. We want cost-effective administration of our individual life insurance contracts and employability for our employees in Leeuwarden, who will transfer to IBM as part of this agreement, Sibylla Bantema, director life insurance at Aegon the Netherlands. The IBM Open Insurance Platform will be built based on the msg.Life Factory core insurance system, which is a part of msg.Insurance Suite. It's anticipated that the IBM Open Insurance Platform will be available for other Dutch insurance companies as well. The platform will offer the same features as the Aegon platform, including service-based pricing, IBM Cloud security and scalability, and connections to APIs from IBM and third-party participants. By running on IBM's public cloud the IBM Open Insurance Platform will help insurers keep address requirements for regulatory compliance, security and resiliency. With Aegon as launching customer we are creating an attractive offer for life insurers who want continuity of the management of their life insurance policies against low costs per insurance policy. The IBM Open Insurance Platform offers insurers a way to help drive expenses down to new levels of flexibility and savings, while giving them the tools and capabilities to serve its customers, Patrick van den Bos, insurance leader at IBM Netherlands. Read More: Dominion Energy Expands Assistance to Virginia Customers Struggling Financially During Pandemic About IBM At IBM, work is more than a job - it's a calling: To build. To design. To code. To consult. To think along with clients and sell. To make markets. To invent. To collaborate. Not just to do something better, but to attempt things you've never thought possible. To lead in this new era of technology and solve some of the world's most challenging problems.

Read More

INSURANCE TECHNOLOGY

TrueMotion Joins Guidewire PartnerConnect Solution Alliance Ecosystem

TrueMotion, Guidewire | February 10, 2021

Guidewire Software, Inc. the platform P&C insurers trust to draw in, advance, and develop efficiently, today announced that TrueMotion, Inc., a main platform for smartphone telematics, has joined Guidewire PartnerConnect as a Solution partner to offer a claims accelerator powered by smartphone telematics data. The companies likewise announced that TrueMotion's new Ready for Guidewire approved accelerator is presently accessible to insurers in the Guidewire Marketplace. TrueMotion's Ready for Guidewire telematics accelerator flawlessly connects TrueMotion's platform to Guidewire ClaimCenter, empowering agents to access crash-scene telematics data directly inside ClaimCenter. At the point when a crash occurs, data like location, time, speed of impact, and climate is automatically accessible for agents to check with the insured at First Notice of Loss (FNOL), smoothing out the claims data collection process for all included. TrueMotion pinpoints the crash location and driving occasions when a crash for coverage examination. Agents can review the crash location with a completely coordinated Google Street and Map view with a collision indicator. With TrueMotion's telematics data, agents can likewise check whether the insured visited a hospital following the crash. This data helps agents ask policyholders the correct inquiries and decide the correct injury group to contact if necessary. With TrueMotion’s telematics accelerator for ClaimCenter, adjusters can: Save time and administrative burden because telematics and crash data are automatically pre-filled with the click of a button; Quickly understand the details of a car crash through an automatically generated, fact-based description of what happened during the incident; and Verify claims information and handle claims faster and more efficiently to improve the claims experience overall for the insured. According to a J.D. Power study, “satisfaction with the claims experience affects customer retention and referrals”, among satisfied claimants, over 80 percent said they “definitely will” renew their policy and recommend their insurer, contributing to as much as 30% higher profitability. Making the claims experience simple and positive for insureds can help considerably with customer retention and loyalty. “We are proud to partner with Guidewire to offer a claims accelerator powered by smartphone telematics data,” said Cornelius Young, Vice President, Claims, TrueMotion. “We’re excited to offer our shared customers the ability to access telematics data directly in ClaimCenter, boosting their efficiency and simplifying their workflows. Adjusters will be able to eliminate redundant tasks, reduce manual entry, and focus on the customer’s needs to get them back on the road sooner.” “We are delighted to welcome TrueMotion as our latest Guidewire PartnerConnect Solution partner and collaborate in helping our joint customers leverage telematics to transform the claims experience,” said Neil Betteridge, Vice President, Strategy, Guidewire Software. “TrueMotion’s integration can help improve the speed and quality of auto claims handling for both adjusters and policyholders.” About TrueMotion, Inc. TrueMotion provides the world’s leading smartphone driving data platform. Powered by machine learning, the platform determines when a person is driving, reveals their behaviors behind the wheel, and detects crashes. Insurers, automakers, app developers, telcos, and fleets use TrueMotion data to fuel their pricing, claims, safety, acquisition, and retention programs. Nine of the top 20 US insurers and leading insurers in Canada and Europe rely on TrueMotion technology. TrueMotion is based in Boston with offices in Budapest. About Guidewire PartnerConnect ecosystem and Ready for Guidewire Guidewire PartnerConnect Solution partners provide software, technology, and data solutions as well as insurance support services. Our Solution partners help drive business value and innovation for insurers by developing and delivering integrations, extensions, apps, and other complementary solutions for Guidewire products. All of our Ready for Guidewire partner solutions are validated for security, quality, and compatibility with Guidewire. About Guidewire Software Guidewire is the platform P&C insurers trust to engage, innovate, and grow efficiently. We combine digital, core, analytics, and AI to deliver our platform as a cloud service. As of the end of our fiscal year 2019, more than 380 insurers, from new ventures to the largest and most complex in the world, run on Guidewire. As a partner to our customers, we continually evolve to enable their success. We are proud of our unparalleled implementation track record, with 1,000+ successful projects, supported by the largest R&D team and partner ecosystem in the industry. Our marketplace provides hundreds of applications that accelerate integration, localization, and innovation.

Read More

Policygenius launches New Mobile App

Cision PR Newswire | August 12, 2020

Policygenius, the nation's leading online insurance marketplace, announced today the launch of a mobile app that enables consumers to create wills and trusts conveniently on their phones. Consumers can also shop for life and home insurance from the app, creating a mobile one-stop shop for key financial protection needs. As an early insurtech pioneer, Policygenius is well known for digitizing the insurance space for modern consumers. Now, the company is bringing its focus on digital convenience and consumer education to wills and trusts, expanding out of the insurance industry for the first time. Our customers are busy people committed to securing financial protection for their families," Jennifer Fitzgerald, CEO and co-founder of Policygenius, said. "They're often thinking about making an estate plan at the same time they're considering securing life insurance, but knowing where to start can feel overwhelming. We developed this app as a way to provide people with a simple, digital way to handle multiple important financial decisions in one place.

Read More