Patra Announces Availability of CertVault, all in one digital platform for Insurance Agencies

Cision PR Newswire | September 03, 2020

Patra, a leading provider of technology-enabled solutions for the insurance industry, is announcing the general availability of CertVault.  CertVault, an all-in-one digital platform, provides significant value for insurance agencies seeking to modernize their certificate process, providing a more flexible and efficient customer experience for brokers, certificate holders, and insureds. CertVault enables agencies to embrace a paperless delivery workflow with enterprise-class security, performance, and scalability. Agency adoption of CertVault dramatically reduces cost, up to 50% savings, and certificate processing complexities experienced with print and mail delivery.

Spotlight

Finding affordable health insurance can be complicated at times. Remember that it is important that you get a health plan that not only meets your health care needs but one that is also affordable. Whether you are unemployed, self-employed, or covered by an employer’s health-care insurance plan, buying affordable health insurance is both time-consuming and it can also be a frustrating process. This infographic below shows you how to find and enroll in an affordable health insurance plan for you or your family.


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CORE INSURANCE

Hilb Group Acquires Tennessee-based Churchill Agency

Hilb Group | January 05, 2022

The Hilb Group announced today that it has acquired the membership interest in The Churchill Agency, LLC from The Churchill Agency Ventures, LLC based in Brentwood, Tennessee. The transaction became effective December 1, 2021. About Hilb Group: The Hilb Group is a leading property and casualty and employee benefits insurance brokerage and advisory firm headquartered in Richmond, Virginia. Hilb Group is a portfolio company of The Carlyle Group, a global investment firm. Hilb Group seeks to grow through strategic acquisitions and by leveraging its resources and expertise to drive organic growth in its acquired agencies. The company has completed more than 125 acquisitions and now has over 100 offices in 22 states. Hilb Group is rated as one of the Fastest Growing Brokers by Business Insurance, a Top P/C Agency by Insurance Journal, and one of America's Fastest Growing Private Companies in the Inc. 5000.

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CORE INSURANCE

Brightway Insurance is the only insurance agency franchisor named to a listing of the smartest-growing franchises in the country by Franchise Times

Brightway Insurance | January 25, 2022

Brightway Insurance, a national insurance agency franchisor, is the only insurance franchisor and one of only 40 brands Franchise Times recognized on its eighth annual Fast and Serious list of the smartest-growing franchises in the U.S. Brightway ranks No. 23 on the list. The list is derived using a proprietary 10-point formula that includes financial results over the past three years. Click here to review Brightway's profile on Franchise Times' website. "The financial results that put us on this list are the result of the investments we make in empowering our franchisees to reach their potential. They chose Brightway because of the set of tools they can leverage to help people in their communities while building their own business for themselves and their families," - Mark Cantin, Brightway's President and CEO. Brightway's customer service, back-office support and wide variety of carrier partners enable Brightway Agents to ensure their customers are properly covered and cared for while they build their businesses. In traditional agencies, countless hours are spent servicing existing customers' needs. Brightway handles that work on behalf of its agents, empowering them to focus on new policy sales while building a residual income stream that pays every time policies renew. This results in unlimited earning potential in a recession- and pandemic-proof industry. Regardless of background, Brightway's team of experts can help anyone be successful in insurance. In fact, half of Brightway's largest Agencies are owned by people with no insurance background; their average agency book size is $18.3 million. About Brightway Insurance Brightway Insurance is a national property/casualty insurance distribution company with nearly $900 million in annualized written premium, making it one of the largest Personal Lines agencies in the U.S. Brightway's focus is on building unparalleled tools that empower its franchisees to help people in their communities understand and value insurance while reaching their potential in business. Brightway got its start in 2008 and has since grown to 1,200 people in 316 offices across 29 states serving customers in all 50 states.

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INSURANCE TECHNOLOGY

PatientBond Helps Falck USA Significantly Boost Patient Payments and Insurance Reimbursements

Patientbond | March 21, 2022

PatientBond, the leading consumer science-driven patient engagement SaaS provider, announces it is working with Falck USA, to recover missed patient payments and insurance reimbursement. Falck USA is one of the largest private providers of 24-hour ambulance transport and 911 response services in the United States, offering both basic and advanced life support. One challenge Falck USA faces is that many ambulance trips are not reimbursed by health insurance, because crisis situations make it difficult to obtain the information necessary to file an insurance claim or collect from a patient. PatientBond designed and executed an SMS/text message based payment reminder process for Falck USA to accelerate patient payments while reducing outstanding balances and collection costs. Patients receive a set of reminder messages over the course of 31 days or until full payment is received. In the first ten months of automating digital patient engagement through PatientBond, Falck USA realized several million dollars in patient payments and insurance reimbursements that might have otherwise gone unpaid. The effort has yielded a 75-to-1 Return on Investment for Falck USA. Implementing mobile engagement in partnership with PatientBond last year was one of the best decisions I made, The benefits reaped from this have included insurance discoveries, accelerated patient payments, and bad debt reduction. We are looking forward to building off these results and continuing this journey with PatientBond into 2022." Kevin Don, Executive Director, Global Business Services for Falck USA. PatientBond conducts an extensive amount of market research on healthcare consumer motivations and communication preferences. We design our communications to enhance the likelihood of desired behavior activation, which in this case is paying one's bill through a simple patient payment platform." Justin Dearborn, CEO of PatientBond. About PatientBond PatientBond was founded by leaders in digital health, consumer engagement and consumer product executives from P&G who realized that the rise of consumerism in healthcare means that providers and other healthcare stakeholders must take a "digital first" approach to building loyal patient relationships. PatientBond's mission is to leverage Healthcare Consumer Insights and Innovative Technology Solutions to help its clients build a tighter bond with their patients and members to improve health outcomes, increase revenue and reduce costs. PatientBond is growing rapidly, as recognized by Inc 5000 and Financial Times. PatientBond is a portfolio company of First Trust Capital Partners. About Falck USA Falck USA is a wholly owned subsidiary, that provides 24-hour ambulance transport and 9-1-1 response services. It provides basic life support and Advanced life support services in the United States. Falck currently provides ambulance services to 4 states in the US and operates approximately 400 US ambulances and employs more than 2000 American emergency response professionals.

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INSURANCE TECHNOLOGY

Cogitate further expands Digital Solutions for the P&C insurance sector with the acquisition of Axiom, Inc.

Cogitate | May 10, 2022

Cogitate, a leader in accelerating digital insurance for Wholesale Brokers, MGAs, and Carriers, has announced the acquisition of Axiom, a Claims & Billing software provider for Property and Casualty Insurance. With this acquisition, Cogitate will offer full stack, cloud native digital underwriting, distribution, billing and claims solutions within its DigitalEdge insurance platform. Cogitate DigitalEdge is an industry-leading insurance digitalization platform that incorporates digital underwriting and distribution capabilities across the value chain, including third-party data and carrier integrations, core system integration capabilities. DigitalEdge also includes powerful low code no code functionality and analytics for business users. Cogitate's digital insurance solution supports complete policy life-cycle functionality from rating and quoting to binding and post-sale services including renewal and endorsement processing and more for personal and commercial lines products. Axiom's DotClaim & DotBill solutions when integrated with DigitalEdge will complete the full stack digital underwriting, distribution, billing and claims software with true native cloud capability. Exciting times! We are delighted to add Axiom to our Cogitate family. This acquisition is a significant milestone in our mission to accelerate digitalization of insurance and bring greater efficiency, ease of doing business, speed-to-market, with an incredible user experience (UX) for all customers across the value chain, With the addition of Axiom's claims and billing solutions we are enhancing Cogitate DigitalEdge Insurance Platform, and we will be positioned well to bring modern core system capabilities for any personal and commercial product with an end-to-end digital platform to insurers of all sizes." Arvind Kaushal, CEO & Co-Founder of Cogitate. Harnessing the synergy, the experience and the potential of both sets of technologies at Cogitate and Axiom is very thrilling, We will quickly capitalize on this synergy to expand our systems functionality to enable us to provide more comprehensive solutions to our insurance partners and their users. We are very excited to begin this new journey and to be part of this team which holds innovation and customer expectations at its core." Samir Salem, CEO of Axiom. About Cogitate Technology Solutions® Cogitate Technology Solutions, Inc., is a full stack, cloud native digital underwriting and distribution software provider for Property & Casualty Insurance Industry. Cogitate develops modern and innovative technology products and solutions to transform insurance business models to create a competitive advantage in a time of rapid industry change. Cogitate's next-generation technology integrates seamlessly with existing core and legacy systems to accelerate digitalization and expand business for insurance carriers, wholesale brokers, MGAs, and agents of all sizes.

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Spotlight

Finding affordable health insurance can be complicated at times. Remember that it is important that you get a health plan that not only meets your health care needs but one that is also affordable. Whether you are unemployed, self-employed, or covered by an employer’s health-care insurance plan, buying affordable health insurance is both time-consuming and it can also be a frustrating process. This infographic below shows you how to find and enroll in an affordable health insurance plan for you or your family.

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