Risk Strategies scoops up Maryland insurance firm

insurancebusinessmag | June 17, 2019

National insurance brokerage and risk management firm Risk Strategies has announced that it has acquired Creative Insurance Solutions, a provider of customer insurance and risk management programs to successful individuals and families.

Spotlight

Segmentation is used in a variety of ways by businesses today. The two most common applications of segmentation are reporting/analysis and targeting. Segmentation is often applied to reporting and analysis to help marketers understand the behavior of one portion of the population when compared to another. Segmentation is also used by virtually every responsible marketer to target sales prospects and customers. This white paper focuses on common applications of segments in targeting within the healthcare industry.customer face-to-face.

Spotlight

Segmentation is used in a variety of ways by businesses today. The two most common applications of segmentation are reporting/analysis and targeting. Segmentation is often applied to reporting and analysis to help marketers understand the behavior of one portion of the population when compared to another. Segmentation is also used by virtually every responsible marketer to target sales prospects and customers. This white paper focuses on common applications of segments in targeting within the healthcare industry.customer face-to-face.

Related News

INSURANCE TECHNOLOGY

Accelerate, Powered by NetVU: Shaping the Future of the Insurance Business

NetVU | March 28, 2022

Major insurance players will soon gather at the Mile-High City for the first in-person conference of the Network of Vertafore Users in three years. Their purpose is to connect with peers, forge ideas and learn to harness technology and data to empower the industry. The program will focus on industry trends shaping the future of insurance communications. Accelerate, powered by NetVU, will be held at Colorado Convention Center, 700 14th Street in Denver, Colorado, from March 28–31, 2022. Denver is home to Vertafore® headquarters. The conference will feature two keynote addresses, pairing a rock star in the insurance tech space with an honest-to-goodness rock star. Vertafore CEO Amy Zupon will be the keynote speaker on Tuesday, March 29, talking about the future of the independent insurance channel and the company’s latest innovations. Rock star drummer Mark Schulman will be the featured keynote speaker on Wednesday, March 30. He has toured and worked with P!nk, Cher, and Billy Idol, among other internationally known performers. What can a rock star bring to an audience of insurance professionals? A new approach to personal and professional growth. Schulman believes in working with passion and fun, and he’ll help us to embrace change.” Rick Fox, vice president and head of agency sales at Vertafore. Accelerate, powered by NetVU, is the foremost learning and networking event for members of the independent agent and broker system who use Vertafore technology. It’s where insurance professionals propel their industry forward through education, connections and personal career growth. It is open to all NetVU members and special guests. For more information and to register, visit Accelerate, powered by NetVU. About NetVU The Network of Vertafore Users (NetVU) is an independent, national member organization committed to providing industry advocacy, world-class education, and networking to more than 20,000 insurance agencies, over 1,000 carriers, and 23 state governments. NetVU’s members reside in every state and are supported by over 35 local and virtual chapters led by members. About Vertafore As North America’s InsurTech leader for more than 50 years, Vertafore is modernizing and simplifying the insurance life cycle so that our customers can focus on what matters most. Vertafore’s solutions provide end-to-end connectivity across the distribution channel, improve the client and agent experience, unlock the power of data, and streamline essential workflows to drive efficiency, productivity, and profitability for independent agencies, MGAs and carriers.

Read More

INSURANCE TECHNOLOGY

HawkSoft Releases HawkLink for Google Chrome to Auto-fill Policy Data

HawkSoft | March 10, 2021

HawkSoft, the Oregon-based management system and insurtech provider, has introduced a new tool to eliminate double-entry on the web: HawkLink for Google Chrome. Insurance professionals often waste valuable hours and risk E&O exposure by physically re-entering client and policy information from their management system into carrier portals or other insurance websites. As an extension for the most popular web browser in the world, HawkLink for Google Chrome enables agency staff to effortlessly auto-fill agency, client, and policy information from their HawkSoft management system into most websites compatible with the Chrome browser. HawkLink passes information from the HawkSoft management system into websites for quoting, policy servicing, digital payment processing, and premium finance. The intelligent tool adjusts as it memorizes where information is flooded to on specific insurance websites. Agents can share their field mappings back to HawkSoft to add to crowd-sourced database of mappings already available to all agencies. The first iteration of HawkLink was introduced in 2003 as a toolbar on the then-dominant Internet Explorer browser. "There was so much rich data in our management system that we wanted to make available to use on company websites," recalls Paul Hawkins, CEO and co-founder of HawkSoft, remembering the genesis of HawkLink. The original toolbar and later dedicated browser version of HawkLink have saved HawkSoft agencies thousands of hours over the years. With the browser popularity shifting from Internet Explorer to Google Chrome, the original toolbar's efficacy needed a rethinking. "We knew it was time to give HawkLink some love," said Paul Hawkins, "and this was an opportunity to re-invent HawkLink with ideas that have come up over the years but that the old toolbar could no longer support." Sean Hawkins, VP of Development and co-founder of HawkSoft, took on the challenge of redesigning HawkLink as a browser extension to Google Chrome. "Our Product and Development teams have made so much progress towards moving HawkSoft into the cloud," noted Sean, "that we could really innovate on how HawkLink works." This included making HawkLink an extension for Google Chrome, leveraging easier data accessibility through HawkSoft Cloud to increase the amount of available data, and making mapping websites a crowd-sourced and community-driven initiative. Sean explained, "crowd-sourced mappings was our Holy Grail for this version of HawkLink. With it, HawkLink for Google Chrome gets better every time a HawkSoft agency uses it to map a new website." HawkLink for Google Chrome has over 50 common and regional insurance carriers, financial services and government websites pre-mapped for auto-fill thanks to crowd-sourcing efforts by agencies and direct collaboration with the website owners. Dozens of new websites are being added every month. For HawkSoft agencies, HawkLink for Google Chrome is cutting down the time it takes to navigate and use their company websites. HawkLink can launch multiple company websites at once, a powerful time saver for agents like Kelly Endicott of Ohio. "My staff and I generally know the three or four companies we might place a new client with, which is why we haven't felt the need to invest in a comparative rater," said Kelly. "With HawkLink, I can launch those websites in one go and make it through each quote process in a matter of minutes." For agents that understand where to place a risk, she observed, "HawkLink is the fastest way to get an accurate and bindable quote from a company." HawkLink for Google Chrome is available with the latest release of HawkSoft, out now for all customers. The feature is available at no additional cost. About HawkSoft Since 1995, HawkSoft is a leader in management systems for independent insurance agencies that want effective workflows and a delightful experience for staff and policyholders. Created by independent agents, HawkSoft continues to evolve as a cutting-edge system that powers thousands of agencies. HawkSoft offers the following promise to insurance agents: your investment in HawkSoft will pay for itself in the first year.

Read More

INSURANCE TECHNOLOGY

Moody’s Analytics Launches Asset-Liability Management Tool For Insurance Investment

Moody’s Analytics | November 25, 2021

Moody’s Analytics is pleased to announce the launch of RiskIntegrity™ Investment Insight, an asset-liability management (ALM) solution for insurance companies. The new tool combines data and modeling capabilities from across Moody’s Analytics to help insurers to build liability-aware investment portfolios and better evaluate their investment strategies across a range of business metrics. Insurance companies face a variety of challenges in managing their organization’s investment strategy including understanding the impact of alternative asset classes, reducing the operational risk of maintaining complex data and models, and adapting to regulatory change. Available as a software-as-a-service (SaaS) solution, RiskIntegrity Investment Insight helps insurers’ ALM and investment teams address these challenges by bringing Moody’s Analytics core content and models to life to deliver user-friendly analytics and reports on demand. “Insurers are looking for control and visibility of the economic assumptions and scenarios embedded in their investment process. They need to be able to quickly assess the impact of investment decisions across a range of business metrics – economic, capital, and liquidity. RiskIntegrity Investment Insight will help insurers to perform strategic asset allocation, make better investment decisions, and take more control of their investment process,” - Phil Mowbray, Senior Director at Moody’s Analytics. Using the tool, ALM and investment teams can develop new investment strategies to enhance risk-adjusted returns, and apply filters or constraints to align with their specific objectives and risk profiles. RiskIntegrity Investment Insight is part of Moody’s Analytics suite of award-winning solutions designed to help insurers manage current and emerging risks, and make better integrated risk decisions. Moody’s Analytics insurance solutions include the RiskIntegrity™ for IFRS 17 solution, our AXIS™ actuarial system, and Climate Pathway Scenario Service. About Moody’s Analytics Moody’s Analytics provides financial intelligence and analytical tools to help business leaders make better, faster decisions. Our deep risk expertise, expansive information resources, and innovative application of technology help our clients confidently navigate an evolving marketplace. We are known for our industry-leading and award-winning solutions, made up of research, data, software, and professional services, assembled to deliver a seamless customer experience. We create confidence in thousands of organizations worldwide, with our commitment to excellence, open mindset approach, and focus on meeting customer needs.

Read More