Nominations open for 2019 Insurance Business Canada Awards

insurancebusinessmag | June 06, 2019

Nominations are now open for the fourth annual Insurance Business Canada Awards (IBCAs), the largest independent awards event for the Canadian insurance industry.Organized by the publishers of industry-leading title Insurance Business Canada, the IBCAs are the benchmark of excellence for the nation’s most outstanding brokers, insurers, underwriters, MGAs and risk managers.

Spotlight

Terrence Williams of Keepsake Insurance Agency distinguishes Ways You Can Cut Down The Costs Of Home Owner's Insurance.

Spotlight

Terrence Williams of Keepsake Insurance Agency distinguishes Ways You Can Cut Down The Costs Of Home Owner's Insurance.

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CORE INSURANCE

Liberty Bankers Insurance Group Launches Agent Portal

Liberty Bankers Insurance Group | August 02, 2022

Liberty Bankers Insurance Group, a nationally recognized provider of life, health, and financial products, today announced the launch of an Agent Portal for its Home Service, PreNeed, and Supplemental Health lines of business. "Combining our high-touch, personalized service with a robust online Agent Portal, the LBIG team is available for support when agents need it, We are pleased to introduce a new way for our agents to engage with the LBIG team to grow and manage their business." - Marty Martin, President at Liberty Bankers Insurance Group. With LBIG's Agent Portal, contracted agents have online access to relevant information, resources, and reports that they need to manage their LBIG book of business. The site provides easy access to agent and client information including policies, documents, reporting, commissions, and product specifications. LBIG's Agent Portal simplifies the way our agents do business, In this competitive marketplace, data visualization is critical to thriving and our new Agent Portal gives our agents the tools to better understand their client portfolio.said David Kessler, senior vice president of technology at Liberty Bankers Insurance Group. The Agent Portal features a dynamic dashboard that provides secure access to key performance indicators and metrics for an agent's business and downline agents. At LBIG, we strive to meet agents' digital needs, Whether working from home, the office, or the road, the Agent Portal is right at your fingertips allowing agents to quickly and efficiently access information related to their clients and business.said Brian Clark, chief marketing officer at Liberty Bankers Insurance Group. Liberty Bankers Insurance Group plans to implement this technology to its other business lines in the future. About Liberty Bankers Insurance Group Based in Dallas, Texas, Liberty Bankers Insurance Group (LBIG) is a nationally recognized and respected insurance group that offers a variety of life, health, and financial products. Rated A- Excellent by AM Best, LBIG is comprised of American Monumental Life Insurance Company, American Benefit Life Insurance Company, Capitol Life Insurance Company, and Liberty Bankers Life Insurance Company.

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INSURANCE TECHNOLOGY

Johnson & Johnson All Set to Expand Its Footprint Into Texas and Oklahoma

Johnson & Johnson | June 07, 2022

By acquiring the assets of Midlands Management Corporation's Wholesale Brokerage & Binding and Managing General Underwriting businesses, Johnson & Johnson will expand its footprint into Texas and Oklahoma. Safety National Casualty Corporation's subsidiary Midlands is a completely owned subsidiary of Safety National Casualty Corporation. The transaction is expected to close on April 29, 2022, according to the parties. Midlands' WB&B and MGU units, which were founded in 1990, specialize in specialized lines of coverage for both personal and commercial lines of business, both admitted and non-admitted E&S. These units, which are led by an experienced management team, contain underwriting and operating teams with extensive product knowledge and service skills. Midlands' MGU unit serves as an underwriting manager for several insurance companies, specializing in ICOA insurance, Texas Non-Subscriber insurance, and other similar insurance products. For small-to-mid-sized commercial businesses and people, the WB&B segment provides admitted and non-admitted general, commercial, and personal property and casualty products. Johnson & Johnson, situated in Charleston, South Carolina, is a fourth-generation, family-owned Managing General Agency. Johnson & Johnson has a long history of offering outstanding service and products to Independent Agencies while keeping a family culture, having been founded in 1930. In Texas and Oklahoma, Johnson & Johnson will offer a diverse range of first-class products and services to agencies and insureds. This acquisition by Johnson & Johnson, a leading specialist in related businesses, will accelerate the growth in revenue and profitability of these business units and provide greater professional development and career advancement opportunities for the employees in these divisions. All Midlands' business outside of these units, including excess workers' compensation and related primary workers' compensation, specialty programs and claims administration, are not part of the transaction and will continue to operate under the Midlands name as a Safety National entity." Duane Hercules, President of Safety National. Adding the Midlands Management Corporation Team and their agency network to Johnson & Johnson will provide us with a terrific group of employees and agencies which will enhance our 'service first' approach to the Agents currently served by Midlands." Francis Johnson, CEO, Johnson & Johnson.

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LIFE INSURANCE

Nuula adds Term Life Insurance feature, powered by Even Financial

Nuula | August 08, 2022

Nuula, a fintech company focused on providing small businesses the tools and the capital they need to succeed, today announced a new Term Life Insurance feature that provides small business owners and entrepreneurs with coverage options from a network of top carriers, powered by Even Financial ("Even"), a leading embedded finance marketplace platform, and independent subsidiary of MoneyLion Inc. Through the Nuula app, users will now be able to shop, compare and buy Term Life Insurance, with policies up to $5MM in coverage and terms of 10-40 years. The policies in Nuula's new Term Life Insurance feature are generated and serviced by LeapLife, an insurtech platform and licensed life insurance agency, that is owned and operated by Even. "While small business owners and entrepreneurs are investing in their business, they also need to more easily invest in themselves and in the security of their loved ones, Adding Term Life Insurance further expands the range of services we are delivering to meet the diverse needs of today's small business owner." -Mark Ruddock, CEO at Nuula Policyholders want a simpler way to shop around, compare policies and prices, and find a policy that is right for them, By partnering with Even, Nuula's small businesses are provided with a curated network of carriers rated A- and above by AM Best, world-class customer support and a search feature that matches people with the right policies and lowest available prices when and where they need it,said Andrew Naoum, SVP of Sales at Even. Today's news follows the launch of a new personal loan search feature aimed towards early-stage small businesses, powered by Even. About Nuula Nuula is building the future of small business performance. Launched in 2021, Nuula is a financial services and technology company focused on serving the small to medium-sized business community. Nuula provides real-time data and analytics, allowing businesses to manage their finances, monitor their credit ratings and user reviews, and more. Nuula is an advocate of financial inclusivity and a proud partner to Kiva to create economic and social good. About Even Financial and LeapLife Even is the industry-leading embedded financial marketplace and independent subsidiary of MoneyLion Inc. ("MoneyLion") (NYSE: ML). MoneyLion is the go-to destination for personalized financial management, content, offerings and advice. As part of MoneyLion's enterprise offering, Even digitally connects and matches consumers with real-time, personalized financial product recommendations from banks, insurance carriers, and fintech companies on mobile apps, websites, and other digital touchpoints through its marketplace technology. Even's infrastructure leverages machine learning and advanced data science to solve a significant pain point in financial services customer acquisition, seamlessly bridging financial services providers (such as SoFi) and channel partners (such as TransUnion) via its industry-leading API and embedded finance marketplaces. Even enables any company to add financial products to its business, with full compliance and security at scale. Even was named one of "America's Best Startup Employers'' by Forbes for 2022 and was named to the 2021 Deloitte Technology Fast 500, which recognizes the fastest growing tech companies in the world. LeapLife is a licensed life insurance agency that utilizes data science, deep underwriting knowledge, and proprietary technology, enabling consumers to apply for instant-decision life insurance policies with real-time quotes, available in all 50 states. LeapLife was acquired by Even Financial (Even) in early 2020.

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