Patra Announces Availability of CertVault, all in one digital platform for Insurance Agencies

Cision PR Newswire | September 03, 2020

Patra, a leading provider of technology-enabled solutions for the insurance industry, is announcing the general availability of CertVault.  CertVault, an all-in-one digital platform, provides significant value for insurance agencies seeking to modernize their certificate process, providing a more flexible and efficient customer experience for brokers, certificate holders, and insureds. CertVault enables agencies to embrace a paperless delivery workflow with enterprise-class security, performance, and scalability. Agency adoption of CertVault dramatically reduces cost, up to 50% savings, and certificate processing complexities experienced with print and mail delivery.

Spotlight

The U.S. economic recession of recent years has touched all Americans, and the working middle class has been especially hard hit. The market is healing, yet job prospects remain limited, wages are idle, and savings, investments and home values are low. In this environment, consumers have had to reconsider their definition of financial security. Some have changed their behaviors to spend less, pay off debts and build emergency savings. Yet many more millions are missing out on true financial security because they don’t have enough if any life insurance protection.

Spotlight

The U.S. economic recession of recent years has touched all Americans, and the working middle class has been especially hard hit. The market is healing, yet job prospects remain limited, wages are idle, and savings, investments and home values are low. In this environment, consumers have had to reconsider their definition of financial security. Some have changed their behaviors to spend less, pay off debts and build emergency savings. Yet many more millions are missing out on true financial security because they don’t have enough if any life insurance protection.

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INSURANCE TECHNOLOGY

Bindable Unveils its New Digital Solution - The Agent Wholesale Platform for Insurance Industry

Bindable | November 19, 2020

Bindable, the insurance technology pioneer for elective dissemination, today declared the dispatch of its Agent Wholesale Platform, an advanced software solution that empowers autonomous agents to dispatch their own virtual offices and to flawlessly access and sell insurance items on the web, via telephone, or face to face. The Agent Wholesale Platform is a white name insurance marketplace that permits agents and transporters to offer auxiliary items, for example, pet, lawful, and home guarantee through a virtual organization without disturbing their present auto and home stream. Locales can be custom marked and incorporate a changed rendition of Policy Crusher®, Bindable's restrictive SaaS platform and CRM. Utilization of the Agent Wholesale Platform will bring about higher commissions and improved strategically pitching capacities for agents, just as better help for their clients. Strategically pitching auxiliary items is significant for agents since it assists with forestalling center auto and home clients from buying these items somewhere else and possibly exchanging over their auto and home insurance also. “Our focus has always been to continuously drive innovation in the insurtech industry. We’re proud to have created digital tools so that agents and their carrier partners can achieve more growth and better customer retention through product diversification,” says Bill Suneson, CEO and co-founder of Bindable. “With a virtual agency, they can do just that, and initiate more efficient transactions with consumers online or over the phone.” Coronavirus has quickened digitization, expecting agents to turn out to be more tech forward in their strategic approaches. As the quantity of purchasers finishing exchanges online versus in-person keeps on climbing, the desire for advanced admittance to insurance contributions has just expanded. Examination from Bindable shows that 93% of free agents were in understanding that with regards to buying insurance items, client desires are evolving. Furthermore, 76% announced that client desires around cycles, for example, cases and installments being robotized has expanded, flagging a more prominent longing for computerized exchanges. Bindable's Agent Wholesale Platform is right now accessible in every one of the 50 states. About Bindable Bindable is the insurance technology leader for alternative distribution. Its proprietary platform brings together software, a digital wholesale marketplace, and a full suite of support services to offer flexible, market-ready solutions that connect insurance providers, trusted brands, and consumers. The company is headquartered in Boston, Massachusetts.

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INSURANCE TECHNOLOGY

CoverEase Helps Businesses Instantly Shop and Save on Business Insurance

CoverEase | March 21, 2022

Today, CoverEase, a digital insurance brokerage, announced the launch of its digital platform that leverages artificial intelligence to automate underwriting, and deliver a simple way to shop, compare, and buy workers' compensation, in 3 minutes. The company has transformed the typical long and complicated process of purchasing business insurance into a lightning-fast, easy, and awesome experience. CoverEase instantly shops the workers' compensation marketplace, and during the same journey, quotes business property and liability, cyber liability, and for California businesses, group health insurance, comparing pricing and coverages from top-rated insurance companies including The Hartford, Travelers, Liberty Mutual, Markel, Berkshire Hathaway Guard, Employers, AmTrust, Anthem, Kaiser Permanente, United HealthCare and Cowbell Cyber, among others. CoverEase's AI-powered, embeddable solution offers a seamless way for its partners to offer business insurance to its customers, at the point of sale, via a browser. We're obsessed with delivering a best-in-class customer experience that makes it easy to shop and save on the insurance that businesses need. CoverEase offers choice and transparency by providing seven different workers' comp quotes along with business, property, cyber liability, and group health quotes within a unified platform. We're uniquely positioned within the digital insurance marketplace to provide instant quotes and best-in-class service with a broad product suite through multiple distribution models." Shawn Edgington, Founder and CEO. CoverEase's digital platform is supported by Coverage Concierges, the company's business insurance experts, who help customers navigate the options and purchase the right insurance at the best price. Start your quotes with CoverEase to explore coverages, tailored to your business. About CoverEase: CoverEase is a digital insurance brokerage that simplifies the way business insurance is quoted and purchased across the United States. CoverEase combines artificial intelligence and broker expertise to instantly quote, and purchase workers' compensation plus other business insurance coverages from top insurance companies. CoverEase, headquartered in Livermore, California, with offices in New York, was built on the same technology that their sister company's pay-go workers' comp agency, E-COMP NOW! has been using and improving for the past 5 years. Both companies were founded by Shawn Marie Edgington.

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RISK MANAGEMENT

Osborn Insurance Group Partners with Integrity to Bring Cutting-Edge Technology to Agents and Clients

Osborn Insurance Group | February 04, 2022

Integrity Marketing Group, LLC ("Integrity"), an omnichannel insurtech leader in life, health and wealth solutions, announced it has acquired Osborn Insurance Group, an independent marketing organization ("IMO") based in Springfield, Missouri. As part of the acquisition, John Osborn, President of Osborn Insurance Group, will become a Managing Partner in Integrity. Financial terms of the transaction were not disclosed. "Osborn Insurance Group recognized that partnering with Integrity could help them grow, while retaining the best parts of their business and company culture, Family is an important part of their culture, which is why the Osborn team felt like a perfect fit with our Integrity family. Over the years, Osborn Insurance Group has always appreciated adopting innovative technology solutions and their technology needs have surpassed what they could create on their own. Integrity is deeply invested in innovation and committed to creating the strongest insurtech products and systems for our partners. Brought together, our strengths will enhance an already successful business and keep Osborn Insurance Group growing for years to come." -Bryan W. Adams, Co-Founder and CEO of Integrity. Osborn Insurance Group began providing Medicare Supplement products to seniors in 1993. With a passion for helping agents grow their business, agency founder Gary Osborn led the company's evolution into an IMO focused solely on agent support. Osborn transitioned leadership to his son, John Osborn, in 2018. Today, Osborn Insurance Group helps independent agents and agency owners propel their businesses forward and has grown into one of the most prominent and respected IMOs in its region. Through its Integrity partnership, Osborn Insurance Group will join a network of industry icons and legends. Integrity is building a thoughtful collective of leaders who are committed to innovating insurance in ways that help Americans prepare for the good days ahead. This partner network collaborates on best practices and strategies to optimize insurance and financial processes, and strives to protect the life, health and wealth of all Americans. "I'm truly excited about the ways this partnership will move our agency into the future, Integrity offers us access to top-tier technology and systems that align with our needs and focus. I'm also looking forward to participating in the Integrity partner network. Integrity has created cohesion among legendary industry leaders who can now focus on growth and innovation together. The ability to share and communicate with those experiencing similar challenges and successes will be incredibly impactful to our business. Going forward, I see two directions for Osborn Insurance Group: bigger and better." -John Osborn, President of Osborn Insurance Group. Osborn Insurance Group will look to enhance its growth trajectory by utilizing Integrity's omnichannel platform of insurtech resources. These proprietary systems include quoting and enrollment offerings, product development, and data and analytics. In addition, Osborn Insurance Group will access Integrity's shared business services, which include IT, human resources, legal and compliance, and access to a world-class advertising and marketing agency. Osborn Insurance Group can also offer its employees meaningful company ownership through the Integrity Employee Ownership Plan. About Integrity Marketing Group Integrity, headquartered in Dallas, Texas, is an omnichannel insurtech leader of life and health insurance, and provider of innovative solutions for wealth management and retirement planning. Through its partner network, Integrity helps millions of Americans protect their life, health and wealth with a commitment to meet them wherever they are — in person, over the phone and online. Integrity's cutting-edge technology helps streamline the insurance and financial planning experience for all stakeholders. In addition, Integrity develops products with carrier partners and markets them through its distribution network of agencies, brokerages and RIAs throughout the nation. Integrity's nearly 5,500 employees work with more than 420,000 agents and advisors who serve over 10 million clients annually. In 2021, Integrity helped carriers place more than $7 billion in new sales and oversaw more than $20 billion of assets under management and advisement through its RIA and broker-dealer platforms. About Osborn Insurance Group In 1993, Gary Osborn founded the Osborn & Associates agency around a core team of agents focused mostly on Medicare supplement and health insurance sales. Many of those agents remain with the firm to this day. In the mid 2000's, the firm saw an opportunity to increase and enhance support to local agents. That culminated in the founding of Osborn Insurance Group in 2010. Today, the Osborn & Associates agency continues to deliver in-house sales, while the Osborn Insurance Group brokerage has developed into one of the leading IMOs in the Midwest. The company's mission is to build lasting and loyal relationships as it continues to innovate processes that assist agents and agencies, helping them grow and manage their businesses.

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