Sapiens | March 08, 2022
Sapiens International Corporation announced that Builders Insurance Holdings S.A is transforming its legacy growth plans with the end-to-end solutions of Sapiens. Sapiens International Corporation is a supreme global provider of software solutions for the insurance industry, and Builders Insurance Holdings S.A is a top P&C insurance and reinsurance service provider.
According to the news, Sapiens IDITSuite and Sapiens Intelligence will transform Builders' numerous legacy systems of its insurance business. In addition, the modern solution of Sapien will provide Builders with its most modernized functionalities to facilitate digital operations and would empower the plans of business extensions.
Sapiens offers a leading core solution to meet our needs and to the industry knowledge and expertise to help us grow our business and accompany us in our journey. With its global footprint and industry expertise, Sapiens is an invaluable partner in all our endeavors."
On this, Fabrice Volkaerts, Group COO of Builders.
Sapiens IDITSuite is a core software solution that comprises policy, billing, and claims solutions. In addition, IDITSuite supports end-to-end core operations and short-term or non-life insurance processes that include renewals and claims. Sapiens Intelligence is an out-of-the-box solution with a full industry-standard data management model.
Sapiens is delighted to serve as a trusted partner in Builders' growth plans and to accelerate their short- and long-term needs as a specialty line customer. We are fully aligned with Builders' vision to onboard to the latest technology, In addition, Sapiens is pleased to allow Builders to integrate all of their data into a complete insurance hub, gaining operational insight to finetune critical processes across the entire life insurance value chain."
Roni Al-Dor, President and CEO of Sapiens
PPO Profits | December 22, 2021
PPO Profits acquires Dental Performance Experts (DPE), an elite PPO claims processing and accounts receivables firm serving PPO based dental offices nationwide (terms not disclosed). As part of the acquisition, PPO Profits launches a new division called RCM Profits (Revenue Cycle Management) led by Amy Hernandez, owner of DPE.
PPO Profits joined hands with DPE to marry technology and knowledge to streamline the claims process. PPO Profits and DPE shared many clients and crossed paths many times. Often clients commented on having a one stop solution which PPO Profits is now proud to be able to deliver under one umbrella!
"Dental offices should have the technological tools and the training to ensure that every claim gets paid which is what this acquisition will deliver. I continuously received rave reviews for Amy's team from existing PPO Profits clients and personally connect with her on a philosophical and strategic level about the solutions we want to provide,"
- Vivek Kinra, founder & CEO of PPO Profits
"I am excited to be a part of such an amazing company that is dedicated to creating successful dental practices that work with PPO insurances. Our goal is to create a division that assists PPO based practices to collect all revenue produced for patients utilizing their PPO insurances so practices can focus on patient care,"
- Amy Hernandez, founder & CEO of DPE.
RCM Profits will focus primarily on OpenDental clients to begin with and then eventually focus on the other key practice management software systems.
With this acquisition, PPO Profits gets closer to its mission of providing a connected suite of services that help dental practices that accept PPO insurances to generate and collect higher revenue with same or less effort and reduced stress.
About PPO Profits
PPO Profits started as a fee negotiation and credentialing company. Through organic growth, affiliations, and acquisition, PPO Profits now offers: Fee negotiations and credentialing, In-office membership plan via its FFS Profits software (FFS Profits division), Revenue cycle management (RCM Profits division) that includes insurance verifications (through its sister company Verrific), claims processing, and patient collections.
Toyota Insurance Management Solutions | December 13, 2021
Toyota Insurance Management Solutions has established its first branded product, Toyota Auto Insurance, designed to offer customers quality, customizable coverage at affordable rates. Toyota Auto Insurance is currently available in Arizona, Illinois, Indiana, Ohio and South Carolina, and will soon be offered in Georgia, Missouri, Tennessee and Texas. Future states will be added in the coming months.
Toyota Auto Insurance customers receive best-in-class service and will benefit from more than 90 years of insurance insights, knowledge and award-winning claims support provided by Toggle, the underwriter, part of Farmers Insurance®, one of the nation's leading multiline insurer groups. Customers also receive exclusive "Toyotally Awesome" discounted pricing and Toyota Genuine Parts for repairs whenever possible. Toyota Auto Insurance works with Toyota Certified Collision Centers and Rent-a-Toyota programs to get customers back on the road as quickly as possible. The product seamlessly integrates with Toyota vehicle benefits such as Toyota Care Roadside Assistance, so customers won't pay for something their Toyota already provides. Toyota Auto Insurance is customizable based on how customers use their Toyota vehicle and their lifestyle, with a wide range of options including coverage for rideshare drivers or pet passengers. Non-Toyota vehicles in the customer's household can be covered as well.
"We are excited to bring our flagship auto insurance product to market. With Toyota Auto Insurance, we can truly enhance the complete Toyota ownership experience for our customers, We look forward to expanding this product even further, including empowering Toyota owners to seamlessly use their driving data for additional insurance discounts."
- Will Nicklas, chief operating officer of Toyota Insurance Management Solutions.
The introduction of Toyota Auto Insurance marks yet another major milestone for Toyota Insurance Management Solutions, which launched in April 2016 to provide Toyota customers an easy way to compare and buy car insurance policies online. The full-service agency has since expanded to offer a variety of insurance products in addition to auto (including home, renters, recreational vehicle and pet insurance) and is well positioned to continue growing and transforming how people find and select insurance products. Toyota Auto Insurance is the latest addition to the company's increasing portfolio.
About Toyota Insurance Management Solutions
Toyota Insurance Management Solutions, including its affiliates Connected Analytic Services and Advanced Connectivity (collectively "TIMS"), is a joint venture between Aioi Nissay Dowa Insurance Services, USA, Toyota Financial Services International Corp., and Toyota Connected, USA. Toyota Insurance Management Solutions is an independent licensed insurance agency specializing in Property & Casualty insurance offerings, partnering with top insurance companies to allow customers to choose the best options for their needs.
Toggle is a new kind of insurance company backed by the stability of Farmers®️, with over 90 years of experience delivering best in class service and claims. Founded in 2018, Toggle is reimagining the insurance industry by creating unique products and embedded experiences for today's modern consumers and brands. The company offers fully digital insurance solutions and provides customers and brand partners simple, affordable, and highly customizable products to fit their needs.