CORE INSURANCE, INSURANCE TECHNOLOGY
Zywave | September 02, 2022
Leading insurtech provider, Zywave, today announced the release of a new offering, Carrier Engagement Suite, which leverages Zywave's Client Cloud to connect carriers with insureds at scale by harnessing industry-leading content, web portal access, and a learning management system, all in a single platform.
The Carrier Engagement Suite fosters stronger relationships with insureds, while differentiating the carrier's offerings and services. This one-stop shop gives insureds the tools to take greater control of their insurance journey, while bolstering insurers' value as they provide these critical resources to individual employers and corporate policyholders.
"Our Carrier Engagement Suite dramatically upticks the number of off-cycle customer touchpoints for carriers between policy inception and renewal, Providers are expected to engage with insureds and continually offer content and resources which effectively lower claims exposure and raise retention stickiness but that's a lot of work. Zywave's Carrier Engagement Suite lowers that burden by delivering these resources at scale. With content, courses, and tools available in one centralized location, carriers now have a streamlined process that enables them to meet the increasing expectations of their customers."
-Zywave senior vice president Jeff Cohen
This dynamic solution set allows carriers to access, curate, and share relevant resources with their insureds. In addition, the Carrier Engagement Suite is home to a vast library of comprehensive content, hundreds of compliance courses, and tool packages for multiple specialties. Carriers can customize the user experience and portal interface to match their branding and corporate style, creating a seamless extension of their coverage offerings. The Carrier Engagement Suite's web portal is also available to insureds 24/7, ensuring that they can connect to important information and resources at their convenience.
Zywave leads the insurtech industry, fueling business growth for its partners with cloud-based sales management, client delivery, content and analytics solutions. Zywave's all-in-one platform provides customizable, user-friendly options that enable insurance professionals to build a unique solution to fit their specific growth goals their own Modern RevOps Machine. More than 15,000 carriers, agencies and brokerages worldwide including all of the top 100 U.S. insurance brokerages use Zywave solutions to enhance client services, achieve business growth and promote greater health, wellness, risk management and safety.
Farm Bureau Mutual Insurance Company of Idaho | October 14, 2022
Farm Bureau Mutual Insurance Company of Idaho (FBM Idaho), the state’s largest domestic personal lines insurer, and Guidewire (NYSE: GWRE) announced that FBM Idaho selected InsuranceSuite on Guidewire Cloud to power core operations, simplify IT operations, quickly adapt to changing market demands, and deliver more value to its agents and policyholders. A Guidewire self-managed customer since 2010, the company plans to migrate InsuranceSuite to Guidewire Cloud across the entire organization at the same time.
“As a regional insurance organization, we need to make sure that we're maximizing resources, and we feel that Guidewire Cloud aligns with our long-term strategy and goals to leverage the capabilities of a broader organization to move us forward and allow us to compete effectively against competitors of all sizes, Guidewire Cloud offers us resource flexibility and cost management by enabling us to stay current on Guidewire’s latest technologies and innovations, while devoting less time to system maintenance and upgrades.”
-Todd Argall, executive vice president and chief executive officer, FBM Idaho
Argall added, InsuranceSuite’s management reporting capabilities are very impressive in the Guidewire Cloud environment to enhance what our team has done. CustomerEngage and ProducerEngage will enable us to take the system to the next level of usability and maximize the experience our agents and customers have in working with us. Another big advantage of Guidewire Cloud is that it will offer us tremendous flexibility to integrate with the best-in-class insurtech solutions in the Guidewire PartnerConnect ecosystem and advance our transformation.
We admire FBM Idaho’s 75 years of service as one of Idaho’s leading auto insurers, the largest writer of farm and ranch insurance in the state, and the largest personal lines insurance company wholly based there, We appreciate the company’s partnership and their confidence in leveraging InsuranceSuite on Guidewire Cloud to amplify their reputation as a company that helps its neighbors,said John Mullen, president and chief revenue officer, Guidewire.
About Farm Bureau Mutual Insurance Company of Idaho
Celebrating 75 years of protecting what matters most in Idaho, Farm Bureau Mutual Insurance Company of Idaho is one of Idaho’s leading auto insurers, the second largest writer of all insurance lines in Idaho, the largest writer of farm and ranch insurance in the state, and the largest personal lines insurance company based solely in Idaho. The company was recently recognized by Forbes as Idaho’s “Best-In-State” insurance company for homeowners insurance.
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. More than 500 insurers in 38 countries, 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.
Ohio National | September 07, 2022
In the life insurance industry, something totally new comes along only once in a great while. Game changers are rare, and this is one of them. Ohio National Financial Services, Inc. proudly announces the first and only indexed whole life insurance product, providing what no other life policy can: guaranteed protection, stability and index-based growth potential.
Indexed whole life from Ohio National provides a lifelong death benefit and cash accumulation guarantee, along with fixed premiums regardless of changes in health. These features have served generations of policyholders in the company’s traditional whole life products. With new indexed whole life, customers can get similar guarantees plus the opportunity to grow cash value in relation to stock market indexes such as the S&P 500® and Russell 2000®. Indexed-based allocation options offer significant growth potential, but because funds are not invested directly in the market, there is no risk of loss due solely to market performance.
The cash value can be accessed during the insured’s lifetime, generally on a tax-preferred basis, for almost any purpose, from supplementing retirement income to starting a business.
“Our new indexed whole life product is an important breakthrough for Ohio National and the financial professionals who sell our products, We’re thrilled to offer them a unique tool to help their clients reach their financial goals.”
-Karl Kreunen, vice president of product marketing
This product is something financial professionals can’t find anywhere else, We’re passionate about helping them develop client relationships and build their businesses with the addition of indexed whole life to their portfolios,added Pat McEvoy, senior vice president of life distribution and sales.
Ohio National’s debut indexed whole life product, Prestige Indexed 10 Pay, features 10 years of fixed premium payments and is currently available through independent financial professionals in all states except CA and NY.
About Ohio National
Since 1909, Ohio National has been committed to helping individuals, families and businesses protect what matters most. Through our network of financial professionals across 49 states (all except New York), the District of Columbia and Puerto Rico and through affiliated operations in South America, we provide the insurance products that help our policyholders achieve financial security and independence. As of December 31, 2021, its affiliated companies have $40.8 billion total assets under management. Products are issued by The Ohio National Life Insurance Company and Ohio National Life Assurance Corporation. Recognized as a Leader in Workplace Equity by Ellequate.