INSURANCE TECHNOLOGY

Insurtech Startup ennabl and Insurance Data Innovator Fenris Digital Launch Partnership

ennabl | May 09, 2022

Insur_tech_Startup
Insurtech startup ennabl and insurance data innovator Fenris Digital have announced a partnership allowing insurance brokers and agents to leverage Fenris' extensive pool of data to accelerate their prospecting activities and nurture client relationships. Brokers using the ennabl platform can now leverage Fenris' universe of company, consumer, and asset data to uncover insights about their clients and provide a higher level of service to their customers.

Fenris is a leader in the rapidly growing insurance data market and brings a comprehensive database of companies, customers, and automobiles to brokers and agents on the ennablCROSSCHECK application. ennablCROSSCHECK allows insurance producers to accelerate their prospect research from within the ennabl data analytics platform, generating a more complete and accurate picture of their customer base.

Fenris utilizes data repositories of 255+ million adults, 130+ million households, 30+ million small businesses, and complete coverage of all properties in the U.S. to enable better customer acquisition for traditional, innovative, and embedded insurance providers. Insurance brokers leveraging Fenris data can accelerate the quoting process by pre-populating forms for customers, saving customers' time, and improving downstream underwriting accuracy.

To succeed in today's market, insurance brokers require a deep knowledge of their potential customer base. With Fenris data incorporated into ennabl's platform, we are giving brokers the information that they need, when and where they need it." 

Jennifer Linton, CEO of Fenris Digital.

ennabl was founded on the belief that insurance brokers spend too much time and money across disjointed systems entering and correcting data. ennabl's mission is to allow insurance professionals to get out of the data entry business and focus on their most critical assets: their customers.

The insurance industry is undergoing a radical transformation catalyzed by data, and ennabl, now powered by the addition of data from Fenris Digital's data, is poised to lead the charge."

Kabir Syed, CEO of ennabl.

With this partnership, ennabl becomes one of the fastest growing providers of data and growth solutions for the insurance industry. This partnership expands the reach of ennabl's platform, broadening its services and providing access to the world's largest network of data.

About Fenris Digital
Fenris Digital (Fenris) is an insurance data sourcing innovator delivering a suite of API-delivered, SOC 2-compliant products that leverage well-established, proprietary data repositories for Predictive Scoring, Data Enrichment and Pre-fill, and Life Event Monitoring & Alerts (LEMA), to enable modern customer acquisition workflows across auto, home, life, and small commercial lines.

About ennabl
ennabl was created by Kabir Syed, founder, and former CEO of RiskMatch, and former managing director at Marsh. Syed brought together a world-class team of engineers, data experts, interface designers, and industry veterans to build a platform that will totally transform the way insurance brokers conduct business. With this tool, brokers will spend less time keeping data current and more time focusing on their clients' experiences, improving their bottom line.

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INSURANCE TECHNOLOGY

Pacific Life to Discontinue New Sales of Pacific PremierCare Choice and Pacific PremierCare Advantage Life Insurance Products

Pacific Life | April 19, 2022

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INSURANCE TECHNOLOGY

Integrity Adds Limitless Insurance Services to Offer Compelling New Opportunities for Agents and Agencies

Integrity Marketing Group, LLC | April 22, 2022

Integrity Marketing Group, LLC ("Integrity"), a leading distributor of life and health insurance, and provider of wealth management and retirement planning solutions, today announced it has entered into an agreement to acquire Limitless Insurance Services, a fast-growing independent marketing organization ("IMO") based in Scottsdale, Arizona. As part of the acquisition, Hayden Hill, President of Limitless Insurance Services, and Nina Damjanovic, Vice President of Limitless Insurance Services, will become Managing Partners in Integrity. Financial terms of the transaction were not disclosed. From their first days as agents in the field, Nina and Hayden recognized how gratifying it is to serve other people, Their work ethic is second to none, and they have already made an unbelievable impact by helping agents reach their full potential. As Integrity partners, Nina and Hayden will now have powerful technology and the support of other top industry leaders to empower their growth. Integrity's best-in-class marketing and back-office resources place Limitless Insurance Services in a position to focus on exactly what they're phenomenal at — supporting agents and serving clients. I'm beyond excited to see where they will progress with Integrity and grateful to have such a hardworking, energetic agency join our team." Bryan W. Adams, Co-Founder and CEO of Integrity. Limitless Insurance Services specializes in providing life insurance, final expense insurance, mortgage protection and annuities to families across the United States. The firm pioneered a unique approach to recruiting by using social media platforms to help make potential agents aware of the opportunities an insurance career can provide. Recently, Limitless Insurance Services also launched an easy-to-use virtual sales platform that helps agents provide solutions to clients remotely. The virtual platform perfectly aligns with Integrity's long-held commitment to meet consumers where they are — in person, online and over the phone. Limitless Insurance Service's boundless energy and innovative spirit has propelled the firm to reach significant growth milestones each year, as it consistently meets the protection needs of thousands of Americans. Partnering with Integrity will allow Nina and me to excel at what we do best — hiring new agents and training them to be the best they can be, We can now expand our product portfolio to serve even more Americans, which motivates our current agents to sell at an even higher level and build their own businesses. Adding Integrity's innovative marketing capabilities and ever-expanding suite of technology to our virtual sales platform and online recruiting approach positions us for sustained future success. We have an amazing journey ahead of us with plenty of fuel in our tank and we can't wait to get started." 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CORE INSURANCE

Data-fueled Insurance Platform Accelerant Announces Growth Funding Round in Excess of $190M

ELDRIDGE | January 13, 2022

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INSURANCE TECHNOLOGY

HealthComp Acquires Gilsbar’s TPA Division

HealthComp | January 18, 2022

HealthComp Holding Company LLC (“HealthComp” or “the Company”), a New Mountain Capital company and a leading Third-Party Administrator (TPA) of healthcare benefits for self-funded employers, today announced that it has acquired Gilsbar’s TPA and Care Management (MedCom) divisions (Gilsbar, LLC). Together, the combined business will continue to deliver on two critical priorities for its clients: managing healthcare costs and delivering a best-in-class member experience. “HealthComp has chosen to invest in Gilsbar’s TPA because of its exceptional reputation, its outstanding market performance, and its high caliber of talent, By combining the strengths of both our organizations, we’ll be able to deliver unmatched expertise and innovation in the field of health benefit administration, particularly in regard to healthcare cost containment, member engagement, and care management. In addition, Gilsbar’s geographic location will give HealthComp the local presence to better serve clients and brokers in the South and Southeast.” -Jose Rivero, CEO of HealthComp. Gilsbar’s TPA offers a fully-integrated approach to benefit plan administration, which includes sophisticated technology and personalized service. Through MedCom, Gilsbar’s in-house care management division, the company delivers care management programs that positively impact employee health and wellbeing. It has successfully provided clients with savings, process efficiencies, and member satisfaction. Gilsbar’s strong national presence and care management capabilities will move HealthComp one step closer to building a leading, national TPA of self-insured health plans. “It’s a phenomenal fit – both HealthComp and Gilsbar are forward-thinking companies, delivering value through a now shared vision of operational excellence, clinical expertise, and technological advancements, HealthComp’s financial and operational support will enable additional investment in technology and enhanced service offerings. Additionally, HealthComp will bring its leading-edge technology and capabilities to Gilsbar clients, including a proprietary analytics platform and digital tools. More importantly, we remain committed to delivering the same level of service our clients have come to expect and rely on.” -Ryan Haun, CEO and President of Gilsbar Holdings, LLC. Moving forward, HealthComp and Gilsbar will work together to enhance products, services, and support for their customers. Whereas traditional health plans have been unable to deliver tailored offerings, these companies fill the need for highly customizable solutions, as employers want health benefits configured to the needs of their unique member populations. Gilsbar Holdings and its remaining subsidiaries will continue their core businesses. Gilsbar Specialty Insurance is a nationally recognized retailer of professional liability and commercial insurance products to attorneys, CPA’s and other professionals. Gilsbar Group Benefits will maintain its presence in the Southeastern US as a full-service benefits brokerage house to employer and association groups. About Gilsbar Established in 1959, Gilsbar Holdings, LLC® is one of the largest privately held insurance services organizations in the country. Recognized as a catalyst for creating healthy businesses while delivering health plan savings, Gilsbar, LLC offers self-funded and fully-insured benefit plan management services, along with Wellness, Advocacy, and overall Population Health Management. Gilsbar Specialty Insurance, LLC and Gilsbar Group Benefits, LLC are industry leaders in their fields of professional liability insurance retail and benefits advisory and brokerage, respectively. Gilsbar has been honored by Inc. magazine for its sustained growth, Modern Healthcare and Business Insurance magazines as a Best Place to Work, and WELCOA and the American Heart Association for its proven wellness methodology. About HealthComp HealthComp, a New Mountain Capital company, is a leading independent health plan administrator for self-funded employer groups. For more than 25 years, HealthComp has been dedicated to transforming benefits administration. Our solution brings together concierge-level service, best-in-class operations, powerful analytics and expert medical cost management and integrates seamlessly with any benefits ecosystem. The result is an industry-leading experience that delivers better clinical outcomes for our members and higher savings for our book of business. HealthComp has offices in California, Illinois, Kentucky, West Virginia and Pennsylvania.

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Handling different types of auto insurance can be confusing. We have simple things every driver should know about insurance in an easy-to-read format.

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