Brightway continues expansion

Insurance Business America | April 12, 2019

Brightway Insurance will continue its expansion with the opening of new stores in Florida, Missouri and Tennessee on Monday. “We’re thrilled to welcome Steve Moser, Chris Dillon and Brennen Grone as our newest franchise owners,” said Talman Howard, president of Brightway. “We have hundreds of insurance professionals dedicated to their success and to providing world-class service to their customers.” Moser will open Brightway, The Steve Moser Agency of Belle Meade in Nashville, Tenn. Dillon will open Brightway, The Dillon Agency in Bradenton, Fla. Grone will open Brightway, The Grone Agency in Des Pres, Mo. Earlier this year, Brightway opened eight new locations in Alabama, California, Colorado, Florida, Louisiana and Texas.

Spotlight

If you’re on a B2B revenue team, it’s likely your Marketing and Sales teams are experiencing some angst these days when it comes to understanding how prospects and customers want to interact with your company. On one hand customers seem to want ultra-personalized attention on every channel, and on the other it seems as though they instantly delete every one of those painstakingly-crafted, personalized emails you send. They come to your website to download your latest eBook, but then fill out your contact form with “Mickey Mouse” from “ABC Company.”


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INSURANCE TECHNOLOGY

Socotra Acquires Avolanta to Add Unified Agent and Customer Portal to Its Advanced Policy Core

Socotra | May 21, 2022

Socotra, the partner of choice for innovative insurers, today announced the acquisition of Avolanta, a software startup offering the only unified portal purpose-built for the insurance industry. As part of the acquisition, the Avolanta team will join Socotra and Avolanta’s technology will become Socotra Unified Portal. Insurance companies are struggling to deliver the types of digital user experiences that are now common in other industries. Many insurance customers are still forced to fill out paper applications with agents and brokers manually entering customer data into outdated web portals. Avolanta enables insurers to solve these issues by seamlessly connecting agents, brokers, and customers with its unified portal. Avolanta provides the only unified portal purpose-built for insurance Avolanta was founded in 2018 by insurtech entrepreneur, Chuck Wilson, and insurance veteran, Gavin Dean. With decades of experience in the industry, the founders created Avolanta to provide insurers a better way to streamline processes and create user experiences. The cloud-native platform allows insurers to rapidly innovate and deploy new products with a unified portal. Agents can collaborate with customers through secure, shared online applications to reduce manual entry. As a result, insurers can deliver customized experiences, automate data capture and analytics, and ultimately drive more conversions and revenue. Joining Socotra is an exciting next chapter for Avolanta, Avolanta’s frontend technology focused on the user experience is the perfect extension to Socotra’s backend policy core. The combined platform will help insurers quickly develop new insurance products with more convenient buying experiences for any distribution channel—whether it’s agent, embedded, or direct-to-consumer. We can’t wait to see how insurers will leverage Socotra to innovate.” Chuck Wilson, CEO and co-founder of Avolanta. The acquisition of Avolanta is a perfect complement to Socotra’s industry-leading policy core, Socotra and Avolanta share a mission to modernize the insurance industry with open APIs, true cloud, and off-the-shelf capabilities that accelerate innovation and speed-to-market. Together, we now offer the complete front-to-back platform that moves the insurance industry forward.” Dan Woods, founder and CEO of Socotra. About Socotra Socotra is bringing unparalleled speed and ease to insurance technology. With Socotra’s modern core platform, global insurers and insurtech MGAs can accelerate product development, reduce maintenance costs, and improve customer experiences. Socotra provides open APIs, a product-agnostic data model, and out-of-the-box capabilities to manage the entire policy lifecycle, making insurance innovation faster, easier, and more affordable.

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INSURANCE TECHNOLOGY

Relation Insurance Services, Inc. Acquires the Assets of Woller-Anger & Company, LLC.

Relation Insurance | April 05, 2022

Relation Insurance Services, Inc. (“Relation”), one of the largest and fastest-growing national insurance agencies, announced today it acquired the assets of Wisconsin-based Woller-Anger & Company, LLC (“Woller-Anger”). Terms of the transaction were not disclosed. Woller-Anger & Company, LLC (“Woller-Anger”) is a full-service retail insurance agency, and offers commercial lines, personal lines, and life & health coverages for clients across a diverse range of industries. Woller-Anger is headquartered in Elm Grove, WI and will join Relation’s Great Lakes Region. Erv Woller and Bob Anger will continue to lead Woller-Anger under Relation. We are excited to welcome Erv, Bob, and the entire Woller-Anger team to Relation and are looking forward to growing our Midwest footprint with them.” Tim Hall, Executive Vice President and Head of Mergers and Acquisitions for Relation. About Relation Insurance Services, Inc. Relation Insurance Services is an insurance brokerage that offers superior risk-management and benefits-consulting services through its family of brands across the United States. It is ranked by Insurance Journal within the top 35 largest agencies in the country by revenue and has approximately 1,200 employees across more than 125 locations nationwide. Relation is a privately held corporation backed by Aquiline Capital Partners, a private equity firm based in New York and London investing in businesses globally across financial services and technology.

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INSURANCE TECHNOLOGY

Auto Insurers Aim to Streamline the Total-Loss Process with Verisk’s New Lien Check Solution

Verisk | May 13, 2022

Insurers can now aim to reduce the inefficiencies and challenges involved in settling total-loss vehicle claims with Lien Check, a new solution from Verisk (Nasdaq: VRSK). The tool automatically provides claim handlers with critical lender data points to streamline the total-loss process. Total-loss claims are often inefficient, as claim handlers must manually verify lienholder information and obtain payoff data, which delays settlement payments to policyholders. Lien Check provides critical lien holder data such as payoff amounts, title and registered owner information. The solution uses Verisk’s ClaimSearch® platform to automatically notify participating insurance carriers when lender data is available for a total-loss claim. This exciting new feature will facilitate the reduction of manual processes for both carriers and lenders to help simplify, streamline and automate the total-loss process, Connecting lenders and insurers digitally will help carriers provide faster customer service and take a significant step toward straight-through processing for total-loss vehicle claims.” Carlos Martins, senior vice president of claim solutions at Verisk. Lien Check can help solve communication challenges between insurers and lenders, which typically involves multiple phone calls, emails and faxes. About Verisk Verisk (Nasdaq: VRSK) provides data-driven analytic insights and solutions for the insurance and energy industries. Through advanced data analytics, software, scientific research and deep industry knowledge, Verisk empowers customers to strengthen operating efficiency, improve underwriting and claims outcomes, combat fraud and make informed decisions about global issues, including climate change and extreme events as well as political and ESG topics. With offices in more than 30 countries, Verisk consistently earns certification by Great Place to Work and fosters an inclusive culture where all team members feel they belong.

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INSURANCE TECHNOLOGY

Insurance King Acquires Two Insurance Agencies in IL: Vic Bernardi Insurance and The Insurance Center

Insurance King | January 17, 2022

Insurance King has announced the rebranding of the two insurance agencies they have purchased in Illinois. Vic Bernardi Insurance Agency located in Chicago Heights, IL established in 1985 primarily known for personal auto and SR-22 insurance filings will be the first Insurance King physical location in the Chicagoland Area. This location also services policies in Northwest Indiana. The office located at 710 Lincoln HWY Chicago Heights, IL 60411 is currently open during the remodeling process. The Insurance Center located in Decatur, IL established in 2009 provides auto, motorcycle, renters and SR-22 insurance. This office has relocated into the newly remodeled Insurance King at 255 E Grand Avenue, Decatur, IL 62521. Insurance King founded in 2001 is headquartered in Rockford, IL offering affordable Auto, Motorcycle, Renters, and SR-22 currently in CO, IA, IL, IN, KS, MO, MS, OH, TN, TX, and WI. Insurance King is a sponsor of NASCAR driver Josh Bilicki.

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Spotlight

If you’re on a B2B revenue team, it’s likely your Marketing and Sales teams are experiencing some angst these days when it comes to understanding how prospects and customers want to interact with your company. On one hand customers seem to want ultra-personalized attention on every channel, and on the other it seems as though they instantly delete every one of those painstakingly-crafted, personalized emails you send. They come to your website to download your latest eBook, but then fill out your contact form with “Mickey Mouse” from “ABC Company.”

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