AUTOMOBILE INSURANCE, INSURANCE TECHNOLOGY
PRnewswire | March 27, 2023
Cover Whale Insurance Solutions, Inc., a leading commercial trucking insurance provider and fast-growing insurtech, today announces its partnership with TrustedChoice.com, the nation's largest digital marketing platform for independent agents and brokers.
With access to TrustedChoice.com's extensive insurance marketplace and more than 240,000 independent insurance agents, Cover Whale can deliver its coverage to thousands of commercial truck drivers across the country. In parallel, independent agents who don't currently have access to Cover Whale for their clients can now have a seamless, digital path to the company and its products through their TrustedChoice.com membership.
"Our team is always looking for new ways to connect insurance agents with truck drivers," said Dan Abrahamsen, CEO of Cover Whale. "This partnership enables us to deliver instant quotes to more agents with trucking clients, and more coverage to America's safest drivers and small fleets. TrustedChoice.com's vast network also gives us more opportunities to deploy our Driver Safety Program to make roads safer for everyone.
"Cover Whale's high-tech approach to trucking insurance makes them a great addition to our network of insurance company partners who support independent agents on TrustedChoice.com. Including Cover Whale in our national directory and searchable market finder tools will bring awareness of their unique product offerings and help more agents get connected with them", says Vincent Savarese, SVP Company Relations at TrustedChoice.com.
About Cover Whale
Cover Whale, an insurtech founded by experienced insurance and technology veterans, focuses on technology, underwriting, and data to provide innovative insurance programs for the commercial auto industry. Cover Whale's unique Driver Safety Program combines coverage with telematics, dash cams and real-time driver coaching to reduce claims, keep drivers safe and save lives on America's roads. Cover Whale delivers its product through more than 5,000 agents with the industry's fastest, most agent-friendly online quoting experience. Maintaining excellent agent relationships has driven more than $400 million in premium through the Cover Whale platform. With a fundamental belief that safe driving should be rewarded, Cover Whale-insured drivers may receive up to 15% off when renewing their auto liability policy. The company has been named one of America's Best Startup Employers on Forbes' 2023 list. For more information, visit www.coverwhale.com. Stay up to date with Cover Whale on LinkedIn, Facebook, and our blog.
TrustedChoice.com builds leading digital insurtech marketing solutions for the independent insurance agency channel. TrustedChoice.com's solutions suite empowers independent agents and insurers to compete in a digital-first marketplace. Its Advantage digital marketing platform enables agents and insurers to scale their brand visibility in order to gain and retain clients. The TrustedChoice.com consumer website has attracted over 36 million visitors to date and offers online insurance consumers a retail-like buying experience, connecting the right risk to the right agent at the right buying moment. For more information visit: https://www.trustedchoice.com/advantage/.
RISK MANAGEMENT, INSURANCE TECHNOLOGY
Businesswire | April 11, 2023
Coalition, the world's first Active Insurance provider designed to prevent digital risk before it strikes, today introduced CoalitionAI™, a new initiative to deploy generative AI and large language models to help brokers and businesses protect themselves from cyber risk. U.S.-based brokers and businesses can now access new AI-powered education and chat features, including:
CoalitionAI Broker Copilot: Appointed brokers in the U.S. now have access to the Broker Copilot, a generative AI chatbot embedded into the Coalition broker dashboard that can answer questions about cybersecurity best practices, cyber policy coverage options, and more. The Broker Copilot is trained on publicly-available documents and resources published by Coalition for broker inquiries and education.
CoalitionAI Security Copilot: Businesses using Coalition Control™ – Coalition’s cyber risk assessment and monitoring platform – can now seek and gain details on cyber security vulnerabilities, better understand coverage contingencies, and learn about ways to resolve cyber security issues using the new Security Copilot.
“This new wave of generative AI will unequivocally change the insurance industry and transform the broker experience,” said Joshua Motta, Chief Executive Officer and co-founder at Coalition. “Our Broker Copilot and Security Copilot are just the beginning. Over time the entire Active Insurance experience – from risk selection to active security protection to active response – will all benefit from generative AI that can help reduce the impact of cyber risk.”
The CoalitionAI features released today use a combination of proprietary technology, large language modeling, and generative pre-trained transformers. Coalition plans to introduce additional AI capabilities to support its Active Insurance offerings, including Active Risk Assessment, Active Protection, and Active Response. In the coming months, Coalition brokers and Coalition Control users will gain access to additional AI-driven tools that will strengthen the quoting, underwriting, and incident response experiences.
“AI is already reshaping the cyber risk landscape,” said Tiago Henriques, Coalition’s Vice President of Security Research. “While we are applying our AI expertise to improve the broker and customer experience, we are also focused on keeping up with emerging AI-related vulnerabilities. Part of our commitment to protecting the unprotected is helping our policyholders both understand the risks and reap the benefits of new technologies.”
Coalition is the world's first Active Insurance provider designed to help prevent digital risk before it strikes. By combining comprehensive insurance coverage and cybersecurity tools, Coalition helps businesses manage and mitigate digital risks. Coalition offers its Active Insurance products in the U.S., U.K., and Canada through relationships with leading global insurers, as well as cyber capacity through its own carrier, Coalition Insurance Company. Coalition's Active Risk Platform provides automated security alerts, threat intelligence, expert guidance, and cybersecurity tools to help businesses worldwide remain resilient against cyber attacks. Headquartered in San Francisco, Coalition is a distributed company with a global workforce that collaborates digitally and in office hubs.
CORE INSURANCE, RISK MANAGEMENT
Businesswire | April 20, 2023
Inszone Insurance Services: a rapidly growing, national provider of benefits, personal and commercial lines insurance, announced today the acquisition of Corbett & Associates Insurance Agency.
Corbett & Associates Insurance Agency, based in eastern Ventura County, California, was founded in 1985 by Rick Corbett and his father, Robert Corbett. Over the past three decades, the agency has expanded to serve nearly 4,000 families and businesses across California and Arizona, providing tailored insurance solutions for clients in Ventura and Los Angeles counties.
In 2015, Weston Corbett joined the agency, preserving its legacy and dedication to providing premium insurance products and exceptional service. Corbett & Associates specializes in personal, high net worth, investment and commercial property, and business insurance.
The agency's success is attributed to its dedicated team, including Operations Manager Kathy Camitses, Agent Kelly Pink, and Senior Account Executive Cindy Warner, as well as a number of other experienced team members at Corbett & Associates. Their team’s success is clear through the agency’s impressive 92% client retention rate.
"We are delighted to welcome Corbett & Associates Insurance Agency to the Inszone Insurance family," said Chris Walters, CEO of Inszone Insurance. "Rick and his team have built an outstanding agency, and we are eager to carry on the legacy of exceptional service and personalized insurance solutions for which Corbett & Associates Insurance Agency is renowned."
As a result of the merger, clients of Corbett & Associates Insurance Agency can anticipate receiving the same exceptional service and care they have come to expect, now under the Inszone Insurance brand. The team from Corbett & Associates Insurance Agency will remain intact, and clients will experience no noticeable changes apart from the additional resources this merger provides, such as access to a wider range of insurance carriers and the support and resources of a top national brokerage.
About Inszone Insurance Services
Founded in 2002 and headquartered in Sacramento, California, Inszone is a full-service insurance brokerage firm that provides a broad array of property & casualty insurance, along with employee benefits solutions. With a strong, experienced management team, Inszone continues to grow organically, as well as through acquisitions. With 42 locations across California, Arizona, Nevada, Utah, Colorado, Michigan, Missouri, Oregon, Texas, and Illinois, the company is looking to further expand throughout the United States.