Category Archives: Business: Insurance

Press Releases from the Insurance world, What’s new, Popular, Trending and News Worthy. In the ever changing industry of Insurance.

Car Insurance Guide 2021 – Online Car Insurance Quotes Explained


News Image

“Car insurance quotes can help drivers find the best insurance policy for them. Insurance providers will determine the cost of a policy after applying several factors..”, said Russell Rabichev, Marketing Director of Internet Marketing Company.

Compare-autoinsurance.org has launched a new blog post that presents some of the most important pieces of information everyone should know about car insurance quotes.

For more info and free car insurance quotes, visit https://compare-autoinsurance.org/car-insurance-quotes-online-explained/

Most first-time car owners can feel overwhelmed when shopping for car insurance. Luckily, car insurance quotes can help them outline the types of coverage a policy offers and how much they can expect to pay. Car insurance quotes are estimates, based on the car owner’s personal information, of how much a provider will charge on an insurance policy. Because premiums vary across insurers, quotes are very important. To avoid paying too much on an insurance policy, drivers should compare as many quotes as possible. Also, drivers looking to buy a new car should get quotes based on the car they want to get. Furthermore, drivers who are not satisfied by their current provider can also get quotes to find a new carrier that suits their needs.

When determining car insurance premiums, providers use different factors such as:

  • Age. Older, more experienced drivers cause fewer accidents and are charged less on their insurance rates. Usually, young drivers under 25 pay the highest car insurance premiums.
  • Gender. Statistically, men are more likely to be involved in an accident. For this reason, car insurance companies charge more on male drivers.
  • Credit. In most states, car insurance companies are allowed to use the driver’s credit score as a factor to determine the premiums. Statistically, drivers who have a poor credit score are more likely to file car insurance claims. For this reason, they pay more on insurance. On the other hand, drivers with excellent credit score and clean driving records are more likely to receive better deals on their premiums
  • Driving record. Policyholders who have a history of at-fault accidents and traffic violations pose a higher financial risk for insurance providers. To lower their risk, insurance companies will charge more on the premiums of drivers with poor driving history.
  • Address. The place where a driver lives can impact the insurance rates for several reasons. Drivers living in bad neighborhoods where car thefts and vandalism are often will pay more on their insurance. Furthermore, drivers living in a city where there is a high rate of traffic accidents per capita can also expect to be charged more by their carriers.
  • Make and model of car. Drivers who are driving electric, luxury, sports, or exotic cars will pay more on their insurance because these types of vehicles cost more to repair or to replace. On the other hand, used family cars, minivans, or popular SUV models cost less to insure.
  • Mileage. Drivers who are using their cars to drive frequently are more likely to be involved in accidents and to file insurance claims. To pay less on their premiums, drivers should avoid driving too often.
  • The type of policy and coverage. Some drivers who own older vehicles choose to purchase only the state minimum insurance required by the law. However, drivers who lease or finance their vehicles are required by their lenders or leasing agents to get full coverage. Furthermore, besides having full coverage, some policyholders add optional coverages to be better covered against different situations.

Drivers looking to get insurance quotes can do so in the office of a local agency of a national insurance carrier, like Allstate, Geico, or State Farm. Drivers can also request quotes via phone or they can get them online. Most major insurers have websites that offer online quotes where drivers will need to give details such as name, address, age, gender, location, vehicle type, how they use the vehicle, and how much they drive, to get quotes. Some insurance providers will even allow drivers to get insurance policies at the end of the quote process.

The insurance policies are sold by agents who work directly with an insurance company or by agents who work independently and can offer multiple quotes from different providers, without having to visit several agencies.

For additional info, money-saving tips and free car insurance quotes, visit https://compare-autoinsurance.org/

Compare-autoinsurance.org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc.

Share article on social media or email:

Clariti Offers Free Price Estimator for Ambulatory Surgery Centers


Catalyst - Web-based Price Estimator

“We have seen the power of online price transparency for prospective patients to increase case volume, improve surgeon and patient satisfaction, and give patients the information they need to select the best site of service.

Clariti Health, the leading provider of price transparency for ASCs, announced today that it is offering Catalyst, Clariti’s online patient price estimator, free to ASCs for 2021. Designed specifically to help ASCs looking to increase case volume while complying with federal and state level fair billing laws, Catalyst provides patients in need of services with highly accurate financial estimates based on the payors and services an ASC wishes to promote.

“Since launching Clariti four years ago we have had the opportunity to work with leading consultants, ASC management companies, and independent facilities to perfect our price estimation engine,” said Scott Palmer, CEO of Clariti Health. “We have seen the power of online price transparency for prospective patients to increase case volume, improve surgeon and patient satisfaction, and give patients the information they need to select the best site of service. Of course affordability is a real concern and starting the discussion as early as possible regarding payment, financing and financial hardship options is more important than ever.”

Catalyst can be added to any facility’s website, via a link that Clariti provides which directs consumers to a hosted page specifically branded to each ASC. The ASC makes the decision which payors and procedures to make available. Patients can only obtain a cost estimate after Clariti validates their insurance benefits, and the estimate is specific to their insurance plan and the facility’s negotiated rates. At the end of the free subscription users of Catalyst will have the option of continuing with a paid monthly subscription or opting out. In addition to working with prospective patients, Clariti also can help facilities with cost estimates for scheduled patients and has integration and partnerships with leading ASC technology and financing vendors.

“My team and I have had the good fortune of working in the ASC market for 40 years. This is an opportunity for us to give back by helping our industry fill the void of providing consumers with easily accessible, proven technology that can only help ASCs and their patients,” said Palmer.

About Clariti Health

Clariti helps ASCs, hospitals, surgeons and anesthesiologists excel in the new reimbursement environment by offering a patient cost estimator and quote generator that improves cash flow, provides price transparency, improves patient loyalty, saves business office staff time, and ensures compliance in states with fair billing laws. Learn why innovative and high-performing companies count on Clariti. Learn more at http://www.clariti-health.com.

Share article on social media or email:

The Advocator Group and Professional Disability Associates Announce Rebranding, Change Name to Brown & Brown Absence Services Group


Brown & Brown Absence Services Group

This is an opportunity for us to deliver even more value to the customers we serve and to enter new markets.

The Advocator Group, LLC, a nationwide disability advocacy and disability insurance services organization, under its parent company Brown & Brown, Inc. (NYSE:BRO), announced today that it has changed its name to Brown & Brown Absence Services Group, LLC. The company name now fully reflects the more than 80 years of proven success of its parent company, Brown & Brown, Inc. As Brown & Brown Absence Services Group, the company will continue to provide disability advocacy services to individuals, as well as disability resources and advisory solutions to group insurance carriers, employers, and third-party administrators.

This new identity presents an opportunity to deliver a variety of offerings along the entirety of the absence continuum. The collective capabilities of Brown & Brown Absences Services Group allow the organization to deliver value-driven programs that help customers overcome challenges, make more informed business decisions, and reduce risk. The company offers a range of solutions, including disability advisory services, SSDI advocacy for disabled claimants, medical file review, clinical services, recovery services, claims management, talent solutions, and consultative solutions.

CEO of Brown & Brown Absence Services Group, Michael Shunney, remarks, “This is an exciting new chapter for our business. We have built a reputation in the industry for bringing best-in-class advocacy and advisory solutions to disability insurance carriers – and we are proud of that history – but this is an opportunity for us to deliver even more value to the customers we serve and to enter new markets. Our new brand positions us for growth and illustrates our ambition to be an irreplaceable resource to our customers.”

Julie Turpin, Services Segment Leader at Brown & Brown, notes, “We are very excited about today’s launch of Brown & Brown Absence Services Group. Brown & Brown prides itself on helping organizations of all sizes optimize their employee benefits programs, and we frequently hear about the need for services to address the challenges associated with absence from our most valued customers. We are confident that the collaboration between Brown & Brown Absence Services Group and our leading employee benefits brokers will result in exceptional, innovative solutions for our customers.”

The rebranding strategy will be a phased initiative. As of today, SSDI advocacy services provided by The Advocator Group, LLC, and its subsidiary, Social Security Advocates for the Disabled, LLC, will be facilitated under the brand name Brown & Brown Absence Services Group. In the spring, Professional Disability Associates, a subsidiary specializing in providing deep disability claims expertise to the employee benefits market, will be moved into the Brown & Brown Absences Services Group brand. Additional updates to the branding strategy, as it relates to other products and services offered by the company, will be announced later in the year.

Additional information about Brown & Brown Absence Services Group can be found at bbabsence.com.

ABOUT BROWN & BROWN ABSENCE SERVICES GROUP

Brown & Brown Absence Services Group, LLC is focused on adding value across the absence continuum. We bring industry-wide expertise and extensive capabilities to deliver value-driven solutions that meet the evolving needs of disability insurance companies and self-insured entities. Our solutions include SSDI advocacy, medical file review, clinical services, advisory services, recovery services, claims management, talent solutions, and consultative solutions. Aevo Services, an affiliate of Brown & Brown Absence Services Group, provides Medicare eligibility and policy decision advisory services. For more information, please visit bbabsence.com.

ABOUT BROWN & BROWN, INC.

Brown & Brown, Inc. (NYSE: BRO) is a leading insurance brokerage firm, providing risk management solutions to individuals and businesses. With more than 80 years of proven success and thousands of teammates, we offer knowledge you can trust and strive to deliver superior customer service. For more information, please visit bbinsurance.com.

Share article on social media or email:

Julie Rochman Named Board Chair of Smart Home America


Smart Home America is an effective, smart, strategic, and tactical organization that helps vulnerable people and places become more resilient

Smart Home America is proud to announce that Julie Rochman has been named Chair of the nonprofit’s Board of Directors. Ms. Rochman is the former CEO of the Insurance Institute for Business & Home Safety (IBHS). She brings over 25 years of insurance industry, public relations, and risk management experience to the growing organization.

“Smart Home America is an effective, smart, strategic, and tactical organization that helps vulnerable people and places become more resilient,” said Rochman, “I hope to help advance SHA’s mission by building external support for their ideas and programs wherever possible.”

Rochman oversaw tremendous change and growth at IBHS, including the development, funding, and construction of the world-renowned IBHS Research Center in South Carolina. Under her direction, IBHS became a leader in understanding the impacts of natural hazards on residential and commercial properties, including high winds, hurricanes, wind-driven rain, hail, and wildfire. This research informs solutions to resist damage and improve mitigation solutions for hazards that cause the loss of life and billions of dollars in damage each year. IBHS’s unique research is used in the FORTIFIED Home™ and FORTIFIED Commercial™ construction standards and informs model building codes.

“At a time of increased awareness of the need for resilience, we are excited Julie has agreed to share her experience and help bring us to the next level of impact and growth,” said Julie Shiyou-Woodard, President and CEO of Smart Home America. “Her insights into the challenges facing the insurance and construction industries will be invaluable. Disasters are affecting more and more people and communities, and our work is taking on added urgency.”

Since retiring from IBHS, Ms. Rochman remains active in advancing innovative solutions to risk management and loss mitigation. In addition to Smart Home America, she serves on the Board of Directors for Plymouth Rock Home Assurance, the Washington Surveying and Rating Bureau (WSRB), EagleView, and the External Advisory Board for the Extreme Events Institute at Florida International University.

Ms. Rochman succeeds Steve Simkins, Legal Counsel for State Farm Insurance, as Board Chair. Mr. Simkins led the organization through a time of growth and unprecedented interest in solutions that can make communities more resilient.

“Julie is an engaged and inspiring leader, “ stated Steve Simkins, Legal Counsel for State Farm, “I am proud of the work we have done and excited for the next chapter in Smart Home Americas history.”

In addition to Ms. Rochman, Smart Home America has a dynamic Board of Directors dedicated to making communities stronger, sustainable, and more resilient. Current Directors are Alex Cary, the Insurance Institute for Business and Home Safety (IBHS), Vice-Chair; Chris Monforton, Habitat for Humanity of the Mississippi Gulf Coast, Treasurer; Landon K Smith, The City of Orange Beach, Alabama, Secretary; Steve Simkins, State Farm Insurance, Immediate Past Chair; Todd Davison, Retired, The National Oceanic and Atmospheric Administration (NOAA); Chandra Franklin Womack, Aran & Franklin Engineering Inc.; Darius Grimes, Disaster Smart Consulting; Dr. Lawrence Powell, The University of Alabama, Alabama Center for Insurance Information and Research (ACIIR); Carl Schneider, Schneider Insurance; Dave Treutel, Treutel Insurance Agency, and; Ex-Officio Board Members Scott Delano, Mississippi State Senator, District 50; Steve McMillan, Alabama State Representative, District 95, and; Lynn Perry, Law Office of Craven & Perry, PLLC.

About Smart Home America

Since 2009, Smart Home America has been an advocate for the use of modern building codes, disaster-resilient construction, and policies that reduce losses from natural disasters. Smart Home America creates and leverages property mitigation solutions to enhance community resilience through education initiatives and the convening of experts from the public and private sectors.

Smart Home America is a 501(c)(3) not-for-profit organization based in Mobile, Alabama.

Learn more at smarthomeamerica.org

Share article on social media or email:

Trepp Life Insurance Commercial Mortgage Return Index in the Fourth Quarter Signals Stability


News Image

The volatility in valuations caused by the pandemic appears to have receded, with returns having stabilized for the second consecutive quarter.

Trepp, a leading provider of data, insights, and technology solutions to the structured finance, commercial real estate, and banking markets has released the fourth quarter 2020 returns for its life insurance commercial mortgage index showing a stabilization for the second consecutive quarter. Instantly download the report here: https://www.trepp.com/instantly-access-q4-2020-returns-report-life-insurance-commercial-mortgage-index.

Commercial mortgage investments held by life insurance companies posted a positive 1.22 percent total return in the fourth quarter of 2020, a slight decrease from the positive 1.71 return realized in the third quarter.

“The volatility in valuations caused by the pandemic appears to have receded, with returns having stabilized for the second consecutive quarter,” said Russell Hughes, head of data consortia initiatives at Trepp.

Income contributed 1.01 percent, and appreciation added 0.21 percent in the fourth quarter.

“While interest rates remain near record lows, signs point to lenders remaining cautiously optimistic about where the market is heading,” Hughes said.

Credit concerns remain evident among lenders but not as concerning as we have seen in previous quarters. The overall delinquency rate decreased from 0.06 percent in Q3 to 0.04 percent in Q4. Lender deferrals and forbearance are down in Q4 with only $24M in interest capitalized than Q3, where there was $33M in capitalized interest.

Cumulative charge-offs on existing loans decreased by a net of $3.1 to $16.7M after an increase of $1.5M for office properties and reversals of prior charge-offs of $4.5M on retail properties. The specific reserves for the portfolio increased $342K to $148M, or 0.098% of ending book value.

Of the four major property types, multifamily properties remain strong. Performing best over 12 months with a total return of 8.06 percent, followed by industrial at 7.54 percent, and office at 6.45 percent.

There are approximately 8,000 active loans in the LifeComps Index, with an aggregate principal balance of $151 billion. The weighted average duration is 5.28. For more information and to see the full report, click here: https://www.trepp.com/instantly-access-q4-2020-returns-report-life-insurance-commercial-mortgage-index.

Contact Trepp at press@trepp.com or 212.754.1010 with any questions or visit https://www.trepp.com/lifecomps for more.

About LifeComps™

The LifeComps™ Commercial Mortgage Loan Index is the only published benchmark for the private commercial mortgage market based on actual mortgage loan cash flow and performance data which has been collected quarterly from participating life insurance companies since 1966. LifeComps provides a quantifiable investment performance index and serves as a benchmark for privately held commercial real estate mortgages.

About Trepp

Trepp, founded in 1979, is the leading provider of data, insights, and technology solutions to the structured finance, commercial real estate, and banking markets. Trepp provides primary and secondary market participants with the solutions and analytics they need to increase their operational efficiencies, information transparency, and investment performance. From its offices in New York, San Francisco, and London, Trepp serves its clients with products and services to support trading, research, risk management, surveillance, and portfolio management. Trepp is wholly-owned by Daily Mail and General Trust (DMGT). For more information, visit https://www.Trepp.com.

Share article on social media or email:

NEMT Insurance Launches Paratransit Insurance Program on Instec System


NEMT Insurance has implemented the Instec Policy system for its new Non-Emergency Medical Transportation (NEMT) insurance program. The program will be rolled out nationwide, with 24 states currently licensed and active.

In 2019, NEMT Insurance spotted a new opportunity in the market. Insurers were passing over paratransit providers that operated fleets most carriers deemed too small to bother insuring. NEMT’s principals were experts in this class but were missing out on business because there was nowhere to place it.

“Non-emergency medical transportation is a high-risk business and can be difficult to insure in the best of times,” said NEMT co-owner Greg Thompson. “The 2020 pandemic only heightened the challenges. But we were determined to create a program for this underserved niche.”

After an extensive search, NEMT partnered with a national “A” rated carrier. The company also worked with an experienced actuarial and consulting firm, Madison Consulting, to assist with filings and reporting.

Selecting a software platform for the program was more straightforward. NEMT evaluated multiple vendors, quickly narrowed the search to two providers, and settled on the Instec Policy system after receiving strong recommendations from within the insurance programs sphere.

“Instec has a reputation for short implementation cycles,” said Thompson. “After putting together all the pieces needed to launch this new program, we were anxious to get it out into the market and Instec was the right technology partner to help us do that. As a plus, we were able to engage one of their commercial auto experts to assist us with our filings.”

Throughout the fall of 2020, while NEMT awaited approval of their filings, Instec defined the business requirements and scoped the implementation project. Implementation began the last week of September and the system was ready to produce quotes by the end of October and to issue policies one week later. NEMT finalized its agreement with the insurance carrier at the end of November and issued its first quotes shortly thereafter.

Looking ahead, NEMT is working with Instec to integrate the policy rating and production system with a premium financing partner and to develop an automated proposal document.

“We selected Instec because of their reputation for delivering, and they didn’t disappoint,” said Thompson. “We can now focus on providing the most comprehensive and cost-efficient insurance coverage to protect our customers so they can protect their passengers.”

About NEMT Insurance

NEMT Insurance is an independent insurance services firm created in collaboration with the leading transportation brokers servicing the industry. NEMT provides tailored risk management and insurance services to the Non-Emergency Medical Transportation and Paratransit industries. NEMT’s culture, ingrained with honesty and integrity, is combined with an unequaled passion for delivering the expertise, trust, and advocacy clients depend upon to manage their business risks. NEMT has partnered with many leading vendors to ensure its clients always have access to the best products and services in the industry. Learn more about NEMT Insurance at http://www.nemtins.com.

About Instec

Instec’s unique approach to systems for the insurance industry enables P&C carriers, MGAs, and MGUs to launch programs and specialty offerings from project start to first quote in as little as four weeks. With built-in bureau content and reusable business rules, Instec systems provide a platform for innovation with reduced risk. In addition, cloud-based deployment and subscription-based pricing enable insurers to test new programs at a low cost of entry and scale up affordably as the business grows. To learn more, visit https://www.instec-corp.com.

Share article on social media or email:

Vermont Captive Celebrates 1,200th Licensed Captive Insurance Company


Vermont Celebrates 1,200th Licensed Captive Insurance Company

Vermont licenses its 1,200th Captive Insurance Company

As Vermont reaches another significant milestone for our Captive Insurance industry, we look forward to continuing to grow our reputation as a global leader in this sector and utilize our position to bring more Captives to Vermont,” said Governor Phil Scott.

Governor Phil Scott announced today that the Department of Financial Regulation (DFR) has licensed Vermont’s 1,200th captive insurance company. Sustainable Assurance Company was granted a license as a pure Captive Insurance Company on January 1, 2021. It was formed by the Lancaster County Solid Waste Management Authority (LCSWMA).

“As Vermont reaches another significant milestone for our Captive Insurance industry, we look forward to continuing to grow our reputation as a global leader in this sector and utilize our position to bring more Captives to Vermont,” said Governor Phil Scott.

“Vermont licenses captives for top-quality organizations for risk management and risk financing, and regulates them in an appropriate manner, while recognizing the special purpose for which they were created,” said David Provost, deputy commissioner of Captive Insurance at DFR. “Building this industry has been a collaborative effort with state government, local and international businesses and public entities like LCSWMA.”

LCSWMA takes a unique, comprehensive approach to waste management by utilizing waste to energy, landfill, transfer station and household hazardous waste collection to responsibly minimize the environmental impact on the communities they serve. LCSWMA has a broad portfolio of innovative sustainability projects, some in partnership with the private business sector.

With rising premium costs combined with a hardening underwriting market, LCSWMA was having difficulty finding property coverage. LCSWMA worked with captive management company Artex Risk Solutions to start the preliminary research into an appropriate domicile to form their captive. “Along with our captive manager, Artex, we came up with a short list and Vermont quickly rose to the top. Vermont has a rich history, proven experience, and has a great reputation in the industry. We wanted to do it right and partner with the best to make this happen. It was an easy decision for us,” said Robert Zorbaugh, CEO, LCSWMA. “LCSWMA has now become the first and only authority in Pennsylvania to establish a property insurance captive company and this is something we are very proud of.”

“Vermont has worked with private and public sectors, small and large companies, and we had full confidence in Vermont’s ability to regulate the authority to the highest standard,” said Mary Desranleau, senior vice president — Captives, North America of Artex and head of office for Artex’s South Burlington, Vermont location. “Vermont regulators will lead you in the right direction. The teamwork environment cannot be understated.”

“Vermont regulators are incredibly responsive to the pace and changing needs of the captive companies, and in the reinsurance market this is a must,” said Steve McElhiney, senior vice president and global director of reinsurance for Artex. Steve was named to the Captive Review’s 2020 Power 50 list (#31), which is made up of leaders of the captive industry.

With Vermont beginning another legislative session, DFR Commissioner Michael Pieciak attributes Vermont’s steady and innovative legislative history to today’s success. “The Vermont Legislature has been a constant source of support over the last 40 years, regularly working with us to pass new captive insurance bills that have helped keep Vermont at the forefront of the industry. It is the dedication to meeting the needs of the industry, while improving the quality of regulation, that contributes to Vermont’s reputation as the ‘Gold Standard’ and a model for other domiciles. We are proud of our rich history and are thrilled to welcome LCSWMA to the Vermont captive family.”

About Vermont Captive Insurance

Captive insurance is a regulated form of self-insurance that has existed since the 1960’s and has been a part of the Vermont insurance industry since 1981, when Vermont passed the Special Insurer Act. Captive insurance companies are formed by companies, or groups of companies, as a form of alternative insurance to better manage their own risk. Captives are commonly used for corporate lines of insurance such as property, general liability, products liability, or professional liability.

To read the full story of LCSWMA journey to domiciling in Vermont, visit the Vermont Captive website.

As Vermont’s Captive industry turns 40 this year, take a look back at history of Captives in Vermont.

For more information on Vermont’s captive insurance industry, visit http://www.vermontcaptive.com, call Brittany Nevins at 802-398-5192 or email Brittany.Nevins@vermont.gov.

Share article on social media or email:

NFP Expands Cyber Coverage Product Offerings with Implementation of NetDiligence® and CyberCube


News Image

“Our focus is on helping companies enhance their cyber preparedness and mitigate the disruption of a cyber attack,” said Elissa Doroff, managing director and cyber technical leader at NFP.

NFP, a leading insurance broker and consultant that provides property and casualty (P&C), corporate benefits, retirement, and individual solutions, is partnering with NetDiligence and CyberCube to offer new analytical tools and resources to support clients as they face a variety of cybersecurity challenges.

NetDiligence provides cyber risk management software focused on cyber risk readiness and responsive services. The platform offers tools for users to assess cyber risk and data breach response planning. Additionally, NetDiligence releases a cyber claims study annually to highlight trends in cyber security across various business sizes and industries.

CyberCube offers cyber analytics that inform risk decisions. Information gathered by the platform is curated into data sets that identify risks and project the impact of a cyber event. The platform predicts trends that guide insurance placement choices and creates reports to quantify the potential loss of an uncovered vulnerability.

“Our focus is on helping companies enhance their cyber preparedness and mitigate the disruption of a cyber attack,” said Elissa Doroff, managing director and cyber technical leader at NFP. “Utilizing tools like NetDiligence ensures we provide a wide variety of solutions as our clients navigate cyber threats. Cyber related incidents are on the rise, making it critical that we identify the latest tools and resources, collaborate with partners to evolve and adapt innovative coverage solutions, and continually advance our clients’ preparation.”

“CyberCube provides our clients with actionable, data-driven insights that support a proactive approach to cybersecurity,” said Akhil Chopra, managing director and head of NFP’s cyber liability practice. “It’s imperative that we continue to expand our solutions to help our clients navigate a dynamic environment of cyber threats.”

“We value our partnership with NFP and the opportunity to offer our product to their employer clients,” said Mark Greisiger, president of NetDiligence. “Today’s cyber landscape underscores the need for security tools that ensure organizations are cyber ready and have an effective response strategy in place.”

About NFP

NFP is a leading insurance broker and consultant providing specialized property and casualty, corporate benefits, retirement, and individual solutions through its licensed subsidiaries and affiliates. NFP enables client success through the expertise of over 5,800 global employees, investments in innovative technologies, and enduring relationships with highly rated insurers, vendors, and financial institutions. NFP is the 5th largest benefits broker by global revenue, 5th best place to work in insurance and 6th largest US-based privately owned broker (Business Insurance); 9th commercial lines agency by P&C commercial lines revenue and 10th largest property and casualty agency (Insurance Journal); and 12th largest global insurance broker (Best’s Review).

Visit NFP.com to discover how NFP empowers clients to meet their goals.

About NetDiligence®

NetDiligence® specializes in Cyber Risk Readiness & Response services. With 20 years of experience in cyber, NetDiligence is an award-winning provider of innovative cyber risk management software and services to the insurance industry, including QuietAudit® Cyber Risk Assessments, the eRiskHub® cyber risk management portal, and Breach Plan Connect®, a securely hosted solution designed to help senior managers plan and execute their organization’s response to a cyber incident, and which also includes a free mobile app for convenient access and alternative means of communication if company systems are compromised. NetDiligence publishes an annual Cyber Claims Study and traditionally hosts annual Cyber Risk Conferences in Philadelphia, Santa Monica, Toronto, London, and Bermuda. NetDiligence also offers a variety of virtual programs that are free of charge to attendees and qualify for CE/CLE credits. For more information, visit https://netdiligence.com.

About CyberCube

CyberCube delivers the world’s leading cyber risk analytics for the insurance industry. With best-in-class data access and advanced multi-disciplinary analytics, the company’s cloud-based platform helps insurance organizations make better decisions when placing insurance, underwriting cyber risk and managing cyber risk aggregation. CyberCube’s enterprise intelligence layer provides insights on millions of companies globally and includes modelling on thousands of points of technology failure.

The CyberCube platform was established in 2015 within Symantec and now operates as a standalone company exclusively focused on the insurance industry, with access to an unparalleled ecosystem of data partners and backing from ForgePoint Capital, HSCM Bermuda, MTech Capital and individuals from Stone Point Capital. For more information, please visit http://www.cybcube.com or email info@cybcube.com.

Share article on social media or email:

eDriving Partners with GreenArrows Safety Management to Provide Digital Driver and Rider Risk Management Solutions in India


eDriving Partners with GreenArrows Safety Management to Provide Digital Driver and Rider Risk Management Solutions in India

We’re delighted to launch this partnership with GSM to help more organizations access digital driver risk management solutions that will help them identify and reduce driver risk.

With approximately 151,000 people killed in road crashes every year, India has the highest number of traffic fatalities in the world. Currently, the country is observing “National Road Safety Month” (January 18 to February 17), and the importance of a commitment to road safety was recently highlighted by Indian Prime Minister Narendra Modi while addressing the nation in his show “Mann Ki Baat”.

As a result of the new partnership, GSM, a pioneer in road safety training, will provide its clients with access to eDriving’s award-winning driver risk management solutions that help organizations around the world reduce collisions and injuries among those who drive for work purposes, and help ensure that every driver returns home safely to their loved ones at the end of each day.

“With this partnership we want to support organizations that care for their employees and ensure that they go back to their homes safely, as well as contribute towards making India’s roads safer by practicing the tenets of safe driving. The unique combination of technology-driven driver safety solutions, and an in-depth understanding of Indian driving/driver psychology, culture and networking with stakeholders makes this partnership the beginning of a new era in the digitization of driver risk management in India,” said B K Sethu Madhavan, CEO of GSM.

eDriving’s Mentor by eDriving app uses the telematic sensors in iOS and Android smartphones to collect and analyze data on the driving behaviors most predictive of risk. These include Acceleration, Braking, Cornering, Speeding, and Phone Distraction, one of the biggest threats to road safety today.

Driver on-road performance is converted into an individual FICO® Safe Driving Score, which has been validated to predict the likelihood of a driver being involved in a collision. Personalized insights are provided to drivers after each trip, showing both positive and negative driving events, and, for the driver’s review only, exactly where they occurred. Additionally, engaging, interactive micro-training modules are delivered directly to the driver in-app to help promptly remediate identified risky behaviors and reduce risk.

Mentor will be offered to GSM clients within eDriving’s Crash-Free Culture® program, a 5-stage comprehensive program that starts with embracing safety as a strategic imperative and building out a safety culture accordingly.

“As the importance of driver safety is recognized during National Road Safety Month in India, this is the ideal opportunity for organizations with at-work drivers and riders to evaluate their approach to managing road safety,” said Ed Dubens, Founder/CEO of eDriving. “We’re delighted to launch this partnership with GSM to help more organizations access digital driver risk management solutions that will help them identify and reduce driver risk.”

*References to ‘driver(s)’ or ‘drives’ includes drivers of cars, trucks and vans, and riders of motorcycles and two-wheelers

About eDriving

eDriving helps organizations to reduce collisions, injuries, license violations and total cost of fleet ownership through a patented digital driver risk management program.

Mentor by eDriving is a smartphone-based solution that collects and analyzes driver behaviors most predictive of crash risk and helps remediate risky behavior by providing engaging, interactive micro-training modules delivered directly to the driver in the smartphone app. As part of a broader risk management platform, Virtual Risk Manager®, eDriving provides organizations with everything they need to establish safety as a strategic imperative, and support drivers and managers as they strive to create a crash-free culture®.

eDriving is the digital driver risk management partner of choice for many of the world’s largest organizations, supporting over 1,000,000 drivers in 96 countries. Over the past 25 years, eDriving’s research-validated programs have been recognized with over 100 awards around the world.

For more visit http://www.edriving.com

About GSM

GreenArrows Safety Management (GSM) is an integrated Road Safety Training and Skills Management Group. It plays a vital role in helping its clients to implement Road Safety Best Practices in the form of Driving Assessments and Audits, “Train The Trainer”, Content development, eLearning programs, Defensive Driving Training, Fleet Management, Vehicle Audit, Journey Risk Management, Fleet Audit, Accident Analysis and Driver Competency Programs.

The CEO and Founder has 30 years of extensive experience in logistics, transportation, automobile, and training and development, with a history of successful implementations of road safety training and education, skill development and integrated fleet management systems across industry, Government and NGOs.

With Headquarters in Noida (National Capital Region), India, GSM has Pan India presence and proficiency in 12 languages. The management team has more than 200+ years of amassed industry experience. The team comprises of more than 200+ experts and Certified Professionals providing their expertise to GSM.

For more visit http://www.green-arrows.com

Share article on social media or email:

PetDesk Simplifies Securing Pet Insurance with their Pet Insurance Guide


PetDesk Announces - Pet Insurance Guide

PetDesk Announces – Pet Insurance Guide

Animals covered by pet insurance visit their vet more often, extending the length and quality of their lives. And millions of PetDesk App users are looking for a trusted guide to aid them in their search for the right policy for their furry family members.

PetDesk today announced the Pet Insurance Guide, a tool for pet parents to quickly request and purchase pet insurance policies from inside the PetDesk app, is now active for all PetDesk App users**. The Pet Insurance Guide is the latest addition to the Lifetime Action Plan – PetDesk’s suite of pet parent tools assisting pet parents, and veterinary clinics, to extend the lives of pets.

The Pet Health Insurance Guide offers a new way for pet owners to easily find and compare pet insurance policies. The new tool will help achieve PetDesk’s mission to engage pet parents in their pets’ health through a deeper relationship with their pet care providers.

“Our mission is to extend the lives of pets by 10M years and have the data to prove it” says Taylor Cavanah, CEO of PetDesk, “and animals that are covered by pet insurance visit their vet more often, extending the length and quality of their lives. We aim to accelerate the adoption of pet insurance and know that the millions of PetDesk App users are looking for a trusted guide to aid them in their search for a policy specific to their furry family member.”

A survey of pet owners found that over 40% of pet owners consider pet insurance either confusing or too expensive*. To simplify this experience, PetDesk has partnered with Pets Best, a leading pet insurance provider, to help educate pet parents and veterinary clinics about pet insurance to increase adoption by clarifying common misconceptions.

“We’re thrilled to partner with PetDesk on this new Pet Insurance Guide, and share the same dedication to constantly enhancing our customers’ experience in innovative ways,” said Donna Cejalvo, VP of Business Development at Pets Best. “This new partnership will help both veterinarians and pet owners alike learn more about how to best care for and protect their pets.”

Features and benefits of the Pet Insurance Guide include.

  • Education for both clinics and pet parents to get ahead of difficult financial conversations before they happen
  • Simplified cost of care conversations between clinics and clients
  • Curated, trusted pet insurance providers including Pets Best, Trupanion, and ASPCA® Pet Health Insurance Program with other providers constantly being evaluated based on plans, coverage, and more.

The PetDesk Pet Insurance Guide will be exclusively available in the PetDesk app starting February 10, 2021, accessible for all registered users. For more information on the Pet Insurance Guide, visit http://www.petdesk.com/pet-health-insurance-guide

About PetDesk

PetDesk, an industry leader in veterinary client communication software, has helped over 2,500 veterinary practices streamline business with simple software solutions that help pet parents stay current and pet care providers stay connected. The PetDesk Experience has garnered more than 2 million app users by offering powerful features including a 5-Star Rated Pet Health Mobile App and industry-leading customer support. The nearly 200,000 reviews across the App/Google store are evidence of PetDesk’s commitment to connecting pet owners to pet care providers.

Founded in 2013, PetDesk secured a Series-B Investment of $12 million from Silicon Valley based PeakSpan Capital in December 2018. Headquartered in San Diego, PetDesk has more than 90 employees and proudly supports a gender balanced and pet-friendly workforce. For more information about PetDesk, visit http://www.petdesk.com.

About Pets Best Insurance Services, LLC

Pets Best offers pet insurance and wellness plans for dogs and cats in every state. Founded in 2005 with a mission to provide access to comprehensive animal healthcare at an affordable price, Pets Best delivers flexible coverage, fast claims and excellent customer service. In 2019 the company was acquired by Synchrony (NYSE: SYF) and is part of CareCredit, a Synchrony solution.

Pets Best is highly rated by independent review sites and is recommended by veterinarians across the nation. Pets Best is a founding member of NAPHIA, an organization dedicated to ensuring high standards and transparency for the pet insurance industry. Visit http://www.PetsBest.com for more information.

Pet insurance coverage offered and administered by Pets Best Insurance Services, LLC is underwritten by American Pet Insurance Company, a New York insurance company, or Independence American Insurance Company, a Delaware insurance company headquartered at 485 Madison Ave. 14th Fl. New York, NY 10022.

About Trupanion

Trupanion is a leader in medical insurance for cats and dogs throughout the United States and Canada with over 530,000 pets enrolled. For over two decades, Trupanion has given pet owners peace of mind so they can focus on their pet’s recovery, not financial stress. Trupanion is committed to providing pet owners with the highest value in pet medical insurance with unlimited payouts for the life of their pets. The company was founded in 2000 and is headquartered in Seattle, WA. Trupanion policies are issued, in the United States, by its wholly-owned insurance entity American Pet Insurance Company and, in Canada, by Omega General Insurance Company. For more information, please visit trupanion.com.

About Crum & Forster Pet Insurance Group™

Crum & Forster Pet Insurance Group (C&F Pet) is committed to helping pet parents get access to reliable and affordable pet health insurance plans. With a history dating back to 1997, making it one of the original providers in the U.S., C&F Pet utilizes various go-to-market strategies, including direct-to-consumer, employee benefits, white labels, and other partnerships. Insurance plans are underwritten by United States Fire Insurance Company and produced by C&F Insurance Agency, Inc.(NPN # 3974227), a Crum & Forster company. More information can be found at http://www.cfpetinsurance.com.

The ASPCA® is not an insurer and is not engaged in the business of insurance. Through a licensing agreement, the ASPCA receives a royalty fee that is in exchange for use of the ASPCA’s marks and is not a charitable contribution. More information on ASPCA Pet Health Insurance can be found online at http://www.aspcapetinsurance.com. Crum & Forster Pet Insurance Group, Crum & Forster, and C&F are registered trademarks of United States Fire Insurance Company. Crum & Forster is comprised of leading and well-established property and casualty business units.

*PetDesk Survey, November 2020

**Limited to customers in the US, only

Share article on social media or email: