CORE INSURANCE, INSURANCE TECHNOLOGY
Inszone | January 30, 2023
Austin Insurance was recently acquired by Inszone Insurance Services, a rapidly expanding nationwide provider of benefits, personal, and commercial lines insurance.
Founded by Cole Austin in 2005, Austin Insurance has been providing excellent insurance services to the Grand Prairie (Texas) area for over a decade. Through the years, Austin Insurance has been able to offer a variety of insurance products to the residents of Grand Prairie and contribute to the city's continued economic expansion and new job opportunities.
Inszone Insurance's Dallas office will now handle the day-to-day business previously run by Austin Insurance. As a result, customers may expect the same high quality of service from Inszone Insurance as they have in the past.
Chris Walters, CEO of Inszone Insurance Services, remarked, "Austin Insurance has built a strong reputation across Grand Prairie as a trusted partner for residents to protect their assets." He further added, "This acquisition is another important step in our growth in the Lone Star State as we continue to identify and invest in agencies that will help provide and offer increased services and options to our customer base."
(Source – Business Wire)
Nevertheless, in the coming days, Inszone Insurance is likely to reveal several acquisitions in addition to opening additional facilities.
About Inszone Insurance Services
Inszone is a full-service insurance brokerage founded in 2002 with headquarters in Sacramento (California). It offers various insurance products, including property, casualty, and employee benefits. Supported by a strong and experienced management team, it has grown both independently and by buying other companies. The organization currently has 37 sites across the states of California, Arizona, Nevada, Utah, Colorado, Michigan, Missouri, Texas, and Illinois and hopes to continue expanding across the country.
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CORE INSURANCE, INSURANCE TECHNOLOGY
Citizens Inc. | February 27, 2023
Citizens, Inc., a diversified financial services company that offers life, final expense, and limited liability property insurance, recently announced that it entered into a new distribution agreement with Amerus Financial Group to expand its white-label program.
As part of the agreement, Amerus will distribute Citizens' life and ultimate expense insurance policies under the Amerus Silver Shield brand. Meanwhile, CICA Life Insurance Company of America, also owned by Citizens, will be responsible for marketing and selling these policies.
The company's goal is to be the market leader in custom-made white-label products and also, Amerus' first-choice partner. Citizens' product experience, service, and capacity to quickly develop new products in several languages make it an excellent white-label partner. Citizens' white-label product, Amerus Silver Shield, will service the life and ultimate expense market with Amerus' experience and dedication to seniors.
"Our partnership with Amerus represents a tremendous opportunity to leverage our unique strengths and shared drive to deliver on the life insurance promise," said Gerald W. Shields, Vice Chairman and CEO of Citizens Inc. He continued, "Both companies are passionate about preparing people for the uncertainty of tomorrow with solutions for today. It is very exciting to work with the top IMOs and agencies to meet the needs of this underserved population. We look forward to working with Tim and his team to develop tailor-made product solutions that address the unique needs of clients."
(Source – Cision PR Newswire)
Tim Baggott, Amerus CEO, expressed, "Citizens, Inc. is the perfect partner with whom to white label our own suite of life and final expense products which fill an ever-widening gap in the market. Beginning with our Silver Shield final expense product offering, Amerus will now be able to offer outstanding coverage for seniors who would otherwise not be able to afford to leave a financial endowment for their loved ones. We are looking forward to expanding our offerings even more going forward as our partnership with Citizens develops."
(Source – Cision PR Newswire)
About Citizens Inc.
Through its insurance company subsidiaries, Citizens, Inc. provides life, ultimate expense, limited liability property insurance, and other financial products to people as well as small businesses in the United States, Latin America, and Asia. The company’s unique goods are available in Spanish, Portuguese, and Mandarin as part of the company's customer-centric expansion strategy. Its Life Insurance division is a prominent name in Latin America for whole life cash value insurance policies denominated in U.S. dollars, while the company's Home Services division is a pioneer in the Gulf Coast region of the United States.
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CORE INSURANCE, INSURANCE TECHNOLOGY
RVOS Insurance Group and Guidewire Software | February 09, 2023
RVOS Farm Mutual Insurance Company (RVOS) has recently integrated Guidewire InsuranceNow for agent engagement and business growth.
Guidewire InsuranceNow is for U.S. property and casualty insurers struggling with IT resources, providing core cloud-driven solutions. Through automation and integration, it is easily implemented and quickly upgraded from time to time with operational support and cloud delivery, enabling insurers to focus more on innovation and respond to market demands. In addition, it offers solutions for customer experience, upgrades, less time consumption, business agility, freedom from system maintenance, and risk mitigation.
Vice President of RVOS, Wesley Jackson, said, "We selected InsuranceNow to modernize our systems to deliver better efficiencies to users. We were attracted to its lack of complexities. The screens are straightforward and very easy to work with. InsuranceNow will also provide a more robust interaction with our agents and allow them to have access to more data from the system, making it easier for them to do business with us."
(Source – Business Wire)
General Manager of Claims and InsuranceNow, Guidewire, Zachary Gustafson, said, "We celebrate RVOS' history of serving Texans for more than 120 years and its commitment to acting as 'neighbors helping neighbors'. We look forward to helping the company continue supplying quality property insurance to its membership, improving its current products, and developing new ones, and providing exceptional customer service."
(Source – Business Wire)
About RVOS
Headquartered in Temple, Texas, RVOS, an insurance company that started as a single company offering a basic fire insurance protection program in 1901, is now an established insurance holding of different companies, meeting the needs of property owners, farmers, and ranchers across the state. As policyholders own this company, it meets policyholders' needs, adapting to new budgets and financial circumstances. It focuses on future surplus claims and offsets future premiums rather than profiting from out-of-state parent corporations. It specializes in home, ranch, farm, and personal liability insurance.
About Guidewire
Guidewire, a software development company, is dedicated to helping property and casualty insurers engage, innovate, and grow their insurance businesses. It integrates machine learning, data analytics, core and digital services, and cloud services. Headquartered in San Mateo, California, it has assisted over 500 insurers as a partner from over 38 countries to enhance their success worldwide since 2001. It provides integration, localization, and innovation for many applications. In addition, it has completed more than 1,000 projects through the support of research and development and partner networking in the industry.
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