Polly | March 03, 2022
Polly (formerly known as DealerPolicy), the leading insurance marketplace for automotive retail, today announced a new strategic partnership with National Automotive Experts (NAE) and NWAN, a national provider and administrator of finance and insurance (F&I) products and dealer reinsurance programs. Together, the two companies will deliver Polly's innovative, cost-saving insurance platform to NAE/NWAN's network of dealers across the country.
Polly's platform revolutionizes the car-buying process, bringing together insurance and automotive retailing to enable a more holistic car buying experience for consumers. On average, Polly customers who report savings save $64 per month on their automotive insurance. These savings empower customers to reinvest in additional F&I product offerings, giving dealers more profits as a result. Dealers within Polly's network report an average increase of 44 percent in their back-end gross.
"NAE/NWAN is a trailblazer in the industry, and renowned for their commitment to providing an outstanding mix of F&I products that set their dealer partners up for success and profitability, These are core values that our companies share. As we realize our vision of transforming the car buying experience, we couldn't be more pleased to be partnering with NAE to provide our automotive insurance platform to dealers and car buyers within their network."
-Travis Fitzgerald, Co-Founder and CEO of Polly.
"Polly provides a solution to a massive void in the industry. This has been needed for years, Their solution improves the customer experience at the dealer level and provides multiple revenue streams which we have seen firsthand with our clients."
-Cliff Childers, National Business Development Manager of National Automotive Experts/NWAN.
"The Polly program has allowed my team to go out in the market and get our foot in the door at a dealership where we have not had a relationship, The launch is simple, and the online system is easy to use. This has also allowed us access to the dealer principal which then in turn allows us the opportunity to propose new products into the dealership."
-David Tralongo, President of Holcomb & Associates.
About Polly Polly:
About Polly Polly is the most trusted and complete digital insurance marketplace for automotive retailers and their valued customers. The company's innovative mobile technology enables car-buyers to view multiple insurance quotes and immediately purchase online and/or connect with licensed insurance agents to complete the process. With an exclusive combination of partnerships among premier automotive retailers and data providers, an industry-best insurance carrier network, and access to Polly Insurance licensed agents, Polly is recognized for its place at the forefront of Insurtech. Polly Insurance is a licensed insurance agency with licenses to operate in the lower 48 states.
PayCloud.io | May 27, 2021
PayCloud.io is pleased to introduce a digital payment platform specialized for insurers and MGAs to fulfill the continuously expanding need for digital payment solutions. While the name payCloud.io is new, the core systems and team have been in the insurance industry for over two decades. PayCloud.io spun out of insurance software pioneer Silvervine Software, uses the same forward-thinking digital payment technology as Silvervine Software, but with a dedicated payment focus.
PayCloud.io provides a comprehensive suite of modern payment solutions, each of which provides a safe, convenient, and user-friendly customer experience. Its efficient digital payment systems allow insurers to receive payments as well as initiate a wide range of outbound payments to insureds, claimants, vendors, and others. payCloud.io allows premium payments both online and by phone. The company, which is ultra-secure and always reliable, achieved 99.99% uptime in 2020 and the previous five years.
"We're pleased to formally launch payCloud.io and expand our digital payment offerings," said Timothy Cunningham, payCloud.io's director of payments. Cunningham, who has over 20 years of product and software development expertise in the insurance sector, is in charge of many new product developments that will be deployed in the coming weeks. "Because our entire payCloud.io team has prior expertise in the insurance sector, we can easily help both existing and new customers. Because we are familiar with insurance operations, structuring, and digital payment requirements, we can quickly support customers, capitalize on new digital payment opportunities, and grow within the industry."
"We are excited to offer payCloud.io, which provides customers with an expert team committed to digital payment innovation, exceptional customer support, and highly competitive rates," said Shurre Hampton, Silvervine's general manager. "Silvervine can now focus completely on developing cutting-edge insurance software to meet the rising demands of the insurance sector, due to payCloud.io. Best of all, Silvervine clients will benefit from the all-star payCloud.io team's products and services."
payCloud.io helps insurers improve their performance by providing quick, friendly digital payment experiences at the industry's lowest rates. The company provides an ultra-secure digital payment platform with inbound and outbound payment options that are also specifically tailored to the needs of insurers and MGAs. All payCloud.io solutions include simple implementation, extensive customer support, and PCI hosting for efficient risk management.
Hub International Limited | November 08, 2021
Hub International Limited (Hub), a leading global insurance brokerage and financial services firm, announced today that it has acquired the assets of Calculated Risk Advisors, LLC (Calculated Risk Advisors). Terms of the transaction were not disclosed.
Located in Chicago, Illinois, Calculated Risk Advisors is a boutique risk consulting firm and professional liability insurance brokerage, which supports its clients on alternative risks, complex insurance and errors and omissions. Tom Firestine, Managing Principal, and the Calculated Risk Advisors team will join Hub Midwest West.
About Hub's M&A Activities
Hub International Limited is committed to growing organically and through acquisitions to expand its geographic footprint and strengthen industry and product expertise.
About Hub International
Headquartered in Chicago, Illinois, Hub International Limited is a leading full-service global insurance broker and financial services firm providing risk management, insurance, employee benefits, retirement and wealth management products and services. With more than 13,000 employees in offices located throughout North America, Hub's vast network of specialists brings clarity to a changing world with tailored solutions and unrelenting advocacy, so clients are ready for tomorrow.