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.

How To Get Cheaper Car Insurance For Senior Drivers In 2020


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“Senior drivers can easily obtain affordable car insurance if they apply several ingenious money-saving methods ”, said Russell Rabichev, Marketing Director of Internet Marketing Company.

Compare-autoinsurance.org has launched a new blog post that presents several methods that can help senior drivers obtain affordable car insurance.

For more info and free quotes, please visit https://compare-autoinsurance.org/top-tips-for-the-elderly-to-get-better-car-insurance/

Insurance companies place senior drivers in the high-risk category. Statistics show that senior drivers are more likely to be involved in car accidents. The decline of hearing, eyesight, and reflexes combined with age-related diseases and medication are the main reasons why senior drivers are more likely to be involved in car crashes. Senior drivers can obtain better insurance deals if they follow the next tips:

  • Apply for a low-mileage discount. Senior drivers can easily obtain this discount. Usually, senior drivers are retired and don’t have to commute to the workplace. Insurance companies offer low-mileage discounts to those persons that are driving fewer miles than a certain limit. Senior drivers should contact their insurers and check if they are eligible.
  • Graduate a defensive driving course. These courses will teach senior drivers how to better identify road obstacles and how to avoid them. Also, they will learn how aging and medication can affect driving skills. Seniors that manage to graduate a defensive driving course will be rewarded with a substantial discount by their insurance companies.
  • Purchase a car that is cheap to insure. Seniors should avoid insuring expensive sports cars, limousines or muscle cars. These types of vehicle are expensive to insure. Senior drivers that want affordable car insurance should try to insure minivans, sedans or SUV’s that are slightly used, but have high safety ratings and are equipped with several safety features
  • Pay for the whole policy in advance. Senior drivers can save 5-10 percent of insurance costs if they choose to pay a single lump of money to the insures. By doing so, they will save money by eliminating monthly interest charges and administration fees,
  • Get online quotes. Seniors are recommended to use the services provided by brokerage websites. These sites will allow senior drivers to obtain multiple car insurance quotes from different insurers. After comparing enough quotes, seniors can decide if they will stay with their current insurers or it’s better to go to another provider that has better car insurance deals.

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.

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Insurance giants wake up to conversational AI, makes a decisive move


The financial industry is racing to the digitization and win the online customer. This win underscores the relevance of CogniCor’s digital assistant platform in such a scenario.

CogniCor (https://www.cognicor.com), a category leading provider of digital assistant platform for wealth, has been handpicked to participate in the 2020 OnRamp Insurance Accelerator (https://www.onrampinsuranceaccelerator.com/), in collaboration with Allianz Life and Securian Financial, two Fortune 500 insurance giants. This nationally ranked, GOLD-tier accelerator program in the USA brings together the insurance industry’s top corporations, investors, and 5 carefully curated startups that work together to deploy groundbreaking solutions that help redefine the insurance experience landscape. For CogniCor, whose Scalable Knowledge-graph based Conversational AI platform (CIRA) is used by top wealth management and retail banking clients, this presents a huge opportunity to work closely with the influencers and thought leaders in the insurance industry and extend the domain coverage of CIRA platform within the broader financial services sector.

Founded by Dr. Sindhu Joseph, from her Ph.D. thesis and her experience of inventing 6 US Patents in AI, CogniCor developed advanced AI capabilities in cognitive knowledge organization, language understanding, machine reasoning, and deduction to develop a robust platform that any financial firm can use to easily deploy and manage various digital assistants in their business operations. Launched in the US in 2018 CogniCor serves category leaders in the wealth space, such as LPL Financial, BNY Mellon Pershing the CIRA platform.

CogniCor’s CIRA platform is the industry-leading knowledge-graph based platform that helps you create a digital twin of your best sales/service agent and scale it to support digital engagements such as easy and fast search, digital assistants and chatbots, advisor churn and fraud prediction assistants, Reg-BI compliance and more.

In order to help companies struggling to provide support during COVID-19, CogniCor recently launched SmartBot, which is a lighter version of CIRA that mid-sized firms can use to start responding to common customer questions in a matter of days.

Sindhu commented ”Coming at a critical period when after the COVID-19 pandemic, the financial industry is racing to the digitization and win the online customer, this win underscores the relevance of CogniCor’s vision to enable every business in the world with a thinking, talking and cognitive interface that enables them to engage with their customers 24X7”.

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The Main Benefits Of Usage Based Insurance During Coronavirus Crisis


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“Usage Based Insurance will help low-risk drivers to get more affordable rates. They will get personalized rates based on their performance”, said Russell Rabichev, Marketing Director of Internet Marketing Company.

Compare-autoinsurance.org has launched a new blog post that presents the advantages and disadvantages of usage-based car insurance programs.

For more info and free car insurance quotes, visit https://compare-autoinsurance.org/drivers-can-get-cheaper-car-insurance-if-they-install-telematics/

The COVID-19 pandemic has affected the lives of all Americans. Given the current situation, most Americans are doing their best to save money. Nowadays, more and more drivers are switching to usage-based insurance programs. The surge in popularity for usage-based car insurance policies in this period is not surprising. Drivers who were affected by the current crisis can save money on their car insurance if they switch to a usage-based program.

UBI insurance is a relatively new type of insurance. It relies on data transmitted by onboard devices. After analyzing the data, insurance companies will re-evaluate the risk profile of a client and adjust rates. These are UBI’s main features and benefits:


  • As the name suggests, UBI rates rely on the way the driver uses his car. More exactly, rates will fluctuate depending when and where it drivers, how it takes curves, how he brakes, maximum speed and other related parameters.
  • UBI policies have become popular in the recent years. It is a top choice for people considering themselves good drivers. Safe drivers who want to keep their premiums low or even lower them can always talk with their insurance providers and check for available UBI programs.
  • Many insurance providers are offering discounts for using telematics. Telematics are devices that track the driver’s behavior, allowing the insurance company to provide a customized quote based on the driver’s measured risk factor. Insurers like Allstate or Progressive are offering discounts of at least 5% just for agreeing to install a telematics device. However, drivers who have a very low measured risk factor can get a discount of up to 40% or 50%. Drivers who drive fewer miles than average drivers, or drive outside of busy rush hour traffic, might be considered to have a lower risk factor.
  • UBI insurance provides several financial benefits. If the driver meets the insurer’s expectations, he will be greatly rewarded. Drivers will have access to customized rates that will lower the insurance costs.
  • Tips on improving driving skills. Another advantage is the instant feedback that a driver receives after data is analyzed. This will help driver understand his mistakes and improve his driving habits.
  • Recover stolen vehicles. Since UBI policies rely on installed tracking devices, once the insurer is notified that the car is stolen, it can access the device and pinpoint the location.

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.

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United States Fire Insurance Company, a Crum & Forster Company, Selects Senior Market Sales® as the Sole Distribution Partner for Its Medicare Supplement Plans


SMS logo

SMS logo

SMS is proud that an insurance carrier with such credentials has selected us as the exclusive distribution partner for its Med Supp product line.

United States Fire Insurance Company, a Crum & Forster Company, has chosen Senior Market Sales® (SMS) as the exclusive marketing organization for its line of Medicare Supplement (Med Supp) products.

“SMS is proud that an insurance carrier with such credentials has selected us as the exclusive distribution partner for its Med Supp product line,” said Dwane McFerrin, SMS’ Vice President of Medicare Solutions. “It’s a partnership poised to benefit the carrier, agent, SMS and consumer alike.”

McFerrin explained that U.S. Fire offers a complete line of competitively priced Med Supp products, including Plan L, which few carriers offer and many consumers want.

“Plan L allows the consumer to choose any health care provider while maintaining low premium cost and low out-of-pocket expense,” he said. “This plan is a great fit for those who have Health Savings Account funds to spend, or for those interested in a viable Medicare Advantage alternative.”

About Crum & Forster

Established in 1822, Crum & Forster has proudly served customers with the utmost professionalism, excellent service and a diverse portfolio of customized products. Their agile structure enables them to respond quickly to the changing needs of clients while reinforcing their commitment to service excellence.

Medicare Supplement Insurance Plans are underwritten by the United States Fire Insurance Company. C&F and Crum & Forster are registered trademarks of United States Fire Insurance Company. The Crum & Forster group of companies is rated A (Excellent) by A.M. Best Company 2019.

The insurance companies within Crum & Forster are United States Fire Insurance Company, The North River Insurance Company, Crum & Forster Insurance Company, Crum & Forster Indemnity Company, Crum & Foster Specialty Insurance Company, Seneca Insurance Company, Inc., Seneca Specialty Insurance Company, First Mercury Insurance Company and American Underwriters Insurance Company.

About Senior Market Sales, Inc.

Senior Market Sales® (SMS) supports independent insurance and retirement planning professionals so they can focus on growing their businesses and building meaningful client relationships. Based in Omaha, Nebraska, SMS provides everything from proprietary technology and expansive products to expert training and marketing programs. By providing big-picture perspective and strategies and all-in-one place efficiencies, SMS has helped thousands of health and wealth planning professionals for nearly four decades reach new levels of success. Visit http://www.SeniorMarketSales.com for more information.

*Plans are underwritten by the United States Fire Insurance Company. C&F and Crum & Foster are registered trademarks of the United States Fire Insurance Company. The Crum & Forster group of companies is rated A (Excellent) by AM Best Company 2019. AH-2051

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ConnectYourCare Announces Increases in 2021 IRS Limits for Health Savings Accounts


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While some may view the increases as modest, every dollar matters right now for consumers when it comes to saving.

In an effort to provide needed guidance to brokers and employers, ConnectYourCare—a national leader in consumer-directed health care account solutions—is announcing the inflation-adjusted limits for Health Savings Accounts (HSAs), set forth annually by the Internal Revenue Service (IRS).

The new 2021 HSA contribution limits include:

Maximum HSA Contribution Level

$3,600 for individual coverage

$7,200 for family coverage

Minimum Deductible for Qualifying High Deductible Health Plan (HDHP)

$1,400 for individual coverage

$2,800 for family coverage

Maximum Out-of-Pocket Expenses for HDHP

$7,000 for individual coverage

$14,000 for family coverage

The new limits increase the pre-tax amounts individuals and families may contribute to their HSA over 2020 limits by $50 and $100, respectively, though the minimum deductible for qualifying health plans remains the same from 2020 to 2021. Out-of-pocket maximums are up $100 for individuals and $200 for families over 2020 limits.

Worth noting, those who have an HSA and are over age 55 can save an extra $1,000 annually as a “catch-up” contribution.

“The IRS limit increases are in line and similar to prior year increases, despite the COVID environment,” says Harrison Stone, General Counsel, ConnectYourCare.

“While some may view the increases as modest, every dollar matters right now for consumers when it comes to saving,” he adds.

In addition, as part of the CARES Act that was signed into law at the end of March, Congress is also now allowing consumers to use an HSA or a flexible spending account (FSA) to pay for over-the-counter medications without a prescription. The Affordable Care Act required a prescription for such purchases. The CARES Act also allows the use of HSAs for telehealth and other remote care services until Dec. 31, 2021.

About ConnectYourCare

As a consumer-directed health care pioneer and nationally recognized industry leader, ConnectYourCare delivers a comprehensive solution supporting health care savings accounts and expanded tax-advantaged offerings. Through continuous evolution, highly rated service, and domain expertise across the benefits, banking, and payments spectrum, we are revolutionizing the connection between health and wealth. ConnectYourCare creates greater participant value through intuitive account management; greater employer value and savings through dynamic, outcome-based workflows and tools; and greater partnership value through deep engagements to meet goals—with proprietary, cloud-based technology and a modern, intelligent platform as its foundation.

Trusted by leading organizations, spanning all industries and sizes, we are making it easier for people to manage care, so they can enjoy life. For more information, visit https://www.connectyourcare.com/.

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NFP Donates $1 Million to Northwell Health to Honor Managing Director Roger Blumencranz


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“While NFP has a strong history of supporting communities where we live and work, Roger always raises the bar, motivating us to get even more involved in ways that make a meaningful difference,” said Doug Hammond, chairman and CEO of NFP.

NFP, a leading insurance broker and consultant that provides property and casualty (P&C), corporate benefits, retirement, and individual solutions, today announced its $1 million donation to Northwell Health. The donation, pledged at the end of 2019, honors Roger Blumencranz, managing director of BWD Sports and Entertainment (an NFP company), who remains a significant supporter of Northwell’s mission to improve the health of the communities it serves. The announcement comes as Northwell delivers care in regions deeply affected by COVID-19.

NFP’s donation also celebrates Blumencranz’s 60th anniversary with BWD Sports and Entertainment, which NFP acquired in 2015. Blumencranz’s remarkable contributions to Northwell Health include leading a campaign that raised $25 million to rebuild and expand the North Shore University Hospital Emergency Room. The Blumencranz family has also personally donated and raised several millions of dollars for the health system.

NFP and Northwell share a beneficial partnership. NFP’s support helps Northwell continuously innovate and elevate their state-of-the-art facilities and services, ensuring NFP employees and clients, and their families, can rely on this health network and receive the care they need. This donation continues the partnership, providing support for innovations in the face of a global pandemic, as well as for the tens of thousands of employees whose courage and commitment make it possible for Northwell to care for patients each day. NFP is also planning to provide opportunities for employees and clients to support Northwell through various local and regional campaigns.

“The devotion Roger shows to Northwell Health is an inspiration. He leads by example in everything he does, doing outstanding work for NFP and his community, and it is fitting to honor him in a special way,” said Doug Hammond, chairman and CEO of NFP. “While NFP has a strong history of supporting communities where we live and work, Roger always raises the bar, motivating us to get even more involved in ways that make a meaningful difference. The impact of his vision and actions continues to be seen in Northwell’s consistent delivery of excellent care, especially in these challenging times.”

Blumencranz has served as a member of the Northwell Board of Trustees since 1980, and also sits on the North Shore University Hospital Advisory Board. In 2014, Blumencranz was honored with the Nassau-Suffolk Hospital Council’s Theodore Roosevelt Award, a prestigious annual award recognizing leaders who demonstrate an exceptional volunteer commitment to a member hospital.

“It’s a labor of love,” said Blumencranz. “Northwell Health feels like my second family. While I expect my own family and the NFP family will continue the legacy I have started, I still have a fire in me to support the future of their facilities and services in any way I can.”

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 5,600 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, 6th largest US-based privately owned broker, and 8th best place to work in insurance (Business Insurance); 10th largest property and casualty agency (Insurance Journal); and 13th largest global insurance broker (Best’s Review).

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

About Northwell Health

Northwell Health is New York State’s largest health care provider and private employer, with 23 hospitals, nearly 800 outpatient facilities and more than 14,200 affiliated physicians. We care for over two million people annually in the New York metro area and beyond, thanks to philanthropic support from our communities. Our 72,000 employees – 17,000-plus nurses and 4,500 employed doctors, including members of Northwell Health Physician Partners – are working to change health care for the better. We’re making breakthroughs in medicine at the Feinstein Institutes for Medical Research. We’re training the next generation of medical professionals at the visionary Donald and Barbara Zucker School of Medicine at Hofstra/Northwell and the Hofstra Northwell School of Nursing and Physician Assistant Studies. For information on our more than 100 medical specialties, visit Northwell.edu and follow us @NorthwellHealth on Facebook, Twitter, Instagram and LinkedIn.

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Human Interest Sees Increased Demand for Retirement Benefits; Raising Capital to Support Growth and Product Development


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The pandemic is causing many of us to re-examine our finances, including ensuring a way to invest for our future. That’s why, even in the past few months, we’re seeing that employers are still rolling out new retirement plans and employees are still saving.

Human Interest, the affordable, full-service 401(k) provider for small and medium-sized businesses (SMBs), today announces that it is upsizing its Series C financing to $50 million. The company is raising additional capital in response to strong customer demand, even during the COVID-19 crisis. The extension, led by Glynn Capital, comes just over a month after the company announced a $40 million Series C, which was the largest raise in its history and for any startup 401(k) provider.

“In the past two months, we’ve continued to add customers and grow assets, which is part of what prompted us to raise the additional capital. We are seeing some of the strongest sales months in the company’s history, and are seeing 2-3X year-over-year growth in customer acquisition even in the midst of the COVID-19 crisis. The pandemic is causing many of us to re-examine our finances, including ensuring a way to invest for our future. That’s why, even in the past few months, we’re seeing that employers are still rolling out new retirement plans and employees are still saving,” said Jeff Schneble, CEO of Human Interest. “It’s encouraging to see that, even with current market volatility and widespread unemployment, nearly 100 percent of our customers have stayed with their investment strategy and have not withdrawn assets. This is a critical time for the financial industry, and we are committed to helping SMB employees stay the course to reach their future financial goals, including a secure retirement.”

The 401(k) provider, which was recently named one of America’s Best Startup Employers by Forbes and recognized among the Best Places to Work in the Bay Area by the San Francisco Business Times, has also pledged to have no layoffs in 2020. Rather, Human Interest is extending its role in the local economy by opening new positions and actively hiring, including candidates from companies that have been impacted by the downturn.

“We think Human Interest has the potential to help a significant number of people not just now, but as they build their savings for years to come. At Glynn Capital, we seek to be long-term investors in a limited number of excellent companies with world-class management teams, sustainable business models, and long-term growth potential,” said Charlie Friedland, Principal at Glynn Capital. “We believe Human Interest is taking an innovative approach to addressing the lack of appropriate access to retirement savings, a major and growing issue. We’re excited to partner with Jeff and the entire team on this journey as the company enters its next stage of growth.”

The additional capital will help Human Interest double its engineering team by July 2020 in order to deepen the investment in technology that can make retirement benefits even more accessible to SMBs. Human Interest will continue to focus on delivering high-quality retirement benefits at a much lower cost than traditional 401(k) and 403(b) providers.

“Our mission to ensure that people in all lines of work have access to high-quality retirement benefits feels even more important in this climate as we work to help employees of SMBs – roughly half of the American workforce – save and know their employer is invested in their financial futures,” said Schneble.

ABOUT HUMAN INTEREST

Human Interest makes 401(k) benefits—the retirement savings plan and the investment know-how—accessible to small to midsize businesses and their employees. By offering automation, built-in investment advising, and integration with 15+ payroll providers, taking care of your employees’ financial futures has never been easier. Headquartered in San Francisco, CA, Human Interest has helped more than 60,000 employees save for retirement at over 2,000 companies. For more information please visit humaninterest.com or follow us on LinkedIn.

Advisory services are offered by Human Interest Advisors, a subsidiary of Human Interest Inc. Human Interest Advisors is a registered investment advisor with the Securities and Exchange Commission(“SEC”). SEC registration does not imply a certain level of skill or training. Investing involves risk. Past performance is not a guarantee or indicative of future returns. The value of your investment will fluctuate, and you may gain or lose money. Additional Information can be found in the company’s Form ADV Part 2A.

ABOUT GLYNN CAPITAL

Glynn Capital is focused on investments in leading private and public technology growth companies. We seek to be long-term investors in a limited number of excellent companies with world-class management teams, sustainable business models, and long-term growth potential.

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Installing Telematics Will Help Drivers Save Car Insurance Money


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“Telematics devices can help drivers save money during these difficult times. Safe drivers who are driving fewer miles than average drivers can save up to 50% on their car insurance if they agree to install telematics devices”, said Russell Rabichev, Marketing Director of Internet Marketing Company.

Compare-autoinsurance.org has launched a new blog post that presents the advantages and disadvantages of usage-based car insurance programs.

For more info and free car insurance quotes, visit https://compare-autoinsurance.org/drivers-can-get-cheaper-car-insurance-if-they-install-telematics/

The COVID-19 pandemic has affected the lives of all Americans. Given the current situation, most Americans are doing their best to save money. Nowadays, more and more drivers are switching to usage-based insurance programs. The surge in popularity for usage-based car insurance policies in this period is not surprising. Drivers who were affected by the current crisis can save money on their car insurance if they switch to a usage-based program.

To find out more about telematics, read the following:

  • Many insurance providers are offering discounts for using telematics. Telematics are devices that track the driver’s behavior, allowing the insurance company to provide a customized quote based on the driver’s measured risk factor. Insurers like Allstate or Progressive are offering discounts of at least 5% just for agreeing to install a telematics device. However, drivers who have a very low measured risk factor can get a discount of up to 40% or 50%. Drivers who drive fewer miles than average drivers, or drive outside of busy rush hour traffic, might be considered to have a lower risk factor.
  • How telematics work. There are several types of telematics. Some telematics are tracking devices installed by the insurer inside the vehicle. However, most insurance companies are now using an app or a dongle attached to a smartphone. The app uses the phone’s location tracking and other sensors to determine the policyholder’s driving habits. Based on the customized driver profile created by the app, some drivers might have a lower measured risk factor and pay lower insurance premiums.
  • Which providers are offering telematics car insurance programs. Most major insurance companies are offering this type of insurance. Progressive is offering Snapshot where a telematics device is used to monitor the times of the day drivers use their cars, any sudden changes in speed, hard braking, and rapid acceleration, and other metrics. Low-risk drivers can save 10-30% with Snapshot. Allstate Drivewise program lets drivers view their last 100 trips and a breakdown of their driving behavior. On average, drivers can save about 10% to 25% using Drivewise. Besides large car insurance providers, some smaller companies or regional insurers are also offering telematics car insurance programs.
  • Disadvantages of telematics devices. The first disadvantage is data privacy. Insurance companies can collect data like the places where policyholders go, how often they go there, how long they spend there, and other intimate details. Most providers have detailed data privacy terms attached to each telematics device. However, some providers might sell the collected data to third parties or use it in different ways. The second disadvantage is the difficulty to compare insurance quotes. Insurance providers want to make it as difficult as possible for policyholders to compare insurers and switch. For example, switching from a customized $90 per month plan to an unknown customized plan from another provider might be harder for most policyholders.

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.

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Coalition Raises $90 Million in Funding to Build the Future of Cyber Insurance


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Coalition, the leading cyber insurance and security company, today announced it has raised $90 million in equity capital to fuel its mission to solve cyber risk, and support its rapid growth and global expansion. Valor Equity Partners led the funding with participation from Felicis Ventures, Greyhound Capital, and Coalition’s existing investors.

The investment comes as the company’s customer base crosses 25,000 — a 600% increase from the prior year — making it one of the largest providers of cyber insurance and security in the United States. Coalition’s unique product offerings combine best-in-class insurance and proactive cybersecurity tools to help keep businesses safe. Cyber losses cost the global economy upwards of $1.5 trillion each year, and yet the majority of businesses are under-insured and under-prepared to manage and mitigate the risks of an increasingly digital world. Coalition is addressing this gap by providing no-cost cybersecurity tools to prevent losses, security and incident response services to contain them, and comprehensive cyber insurance to help organizations recover from failures and breaches.

“Cybersecurity isn’t a technology problem, it’s a risk management problem,” said Joshua Motta, Founder and CEO of Coalition. “Traditional cybersecurity technology such as firewalls and antivirus were designed to protect networks, not businesses. Coalition protects an entire business by offering cybersecurity-as-a-service without any additional hardware or software, security and incident response services, and comprehensive insurance cover of up to $15 million.”

The announced funding will help Coalition target three key areas:

Cybersecurity Access: once accessible only to national governments and large enterprises, Coalition will continue to make available, at no cost, state-of-the-art cybersecurity capabilities to small and midsize businesses. Coalition’s small and midsize policyholders experienced claims that cost an average of $160,000 — an expense that few businesses can afford to bear. “Businesses need more protection than traditional insurers can offer, including help preventing incidents from happening in the first place, and support during and after a crisis,” said Vivek Pattipati, Partner at Valor Equity Partners. “We believe Coalition will be as disruptive to the cybersecurity industry as it has been to the insurance industry.”

International expansion: cyber risks know no boundaries, and Coalition plans to make its offerings available globally starting with Canada. “As the entire world becomes increasingly digital, Coalition has a tremendous opportunity to address the real risks that cyber poses across many markets,” said Pogos Saiadian, Partner at Greyhound Capital.

New Products: Coalition plans to develop additional insurance products to address a new range of threats technology brings to both tangible and intangible assets — many of which are not well covered by traditional insurance policies. “The future of cyber insurance is in integrated solutions to protect against cyber incidents across all asset types,” said Sundeep Peechu, Managing Director at Felicis Ventures. “Coalition is uniquely positioned to challenge the status quo of insurance by unraveling the complexity of modeling and pricing cyber as a peril.”

Antonio Gracias, Founder and CEO of Valor Equity Partners said: “We view Coalition as a category-defining company that is fundamentally changing the way organizations engage with insurance. Coalition is one of the fastest growing insurance technology companies despite raising a fraction of the capital of its peers.”

In total, Coalition has raised $125 million in equity funding from investors, including Vy Capital, Ribbit Capital, Hillhouse Capital, Valor Equity Partners, and Greenoaks Capital, among others. All existing investors participated in Coalition’s latest round of funding.

To learn more about Coalition, visit coalitioninc.com.

About Coalition

Coalition is the leading provider of cyber insurance and security, combining comprehensive insurance and proactive cybersecurity tools to help businesses manage and mitigate cyber risk. Backed by leading global insurers Swiss Re Corporate Solutions, Lloyd’s of London, and Argo Group, Coalition provides companies with up to USD $15 million of cyber and technology insurance coverage in all 50 states and the District of Columbia, as well as CAD $20M of coverage across all 10 provinces in Canada. Coalition’s cyber risk management platform provides automated security alerts, threat intelligence, expert guidance, and cybersecurity tools to help businesses remain resilient in the face of cyber attacks. Headquartered in San Francisco, Coalition has presences in New York, Los Angeles, Chicago, Dallas, Washington DC, Miami, Atlanta, Denver, Austin, and now Vancouver and Toronto.

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Enquiron Honored As Gold Stevie® Award Winner in 2020 American Business Awards®


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“We are honored to be recognized as a Stevie Award winner, and to join other accomplished organizations in 2020,” said Mike Naclerio, President & CEO of Enquiron.

Enquiron was named the winner of a Gold Stevie® Award in the Business Technology – Asset Management Solution category in The 18th Annual American Business Awards® today.

The American Business Awards are the U.S.A.’s premier business awards program. All organizations operating in the U.S.A. are eligible to submit nominations – public and private, for-profit and non-profit, large and small.

Nicknamed the Stevies for the Greek word meaning “crowned,” the awards will be virtually presented to winners during a live event on Wednesday, August 5. Tickets for the virtual event are now on sale.

More than 3,600 nominations from organizations of all sizes and in virtually every industry were submitted this year for consideration in a wide range of categories, including Startup of the Year, Executive of the Year, Best New Product or Service of the Year, Marketing Campaign of the Year, Live Event of the Year, and App of the Year, among others. Enquiron was nominated in the Business Technology – Asset Management Solution category.

Enquiron brings service to life and produces ROI for its clients by providing services that get used on a recurring basis. For more than 24 years, this has been the service promise and, as a result, Enquiron can show measurable results for both its sponsoring organizations and their clients.

“We are honored to be recognized as a Stevie Award winner, and to join other accomplished organizations in 2020,” said Mike Naclerio, President & CEO of Enquiron. “We have always been proud of what our team and our solutions are able to bring to both sponsoring organizations and their clients and are humbled by the recognition.”

More than 230 professionals worldwide participated in the judging process to select this year’s Stevie Award winners.

“Despite the toughest business conditions in memory, American organizations continue to demonstrate their commitment to innovation, creativity, and bottom-line results,” said Stevie Awards president Maggie Gallagher. “This year’s Stevie-winning nominations are full of inspiring stories of persistence, ingenuity, resourcefulness, and compassion. We celebrate all of their stories and look forward to showcasing them during our virtual awards ceremony on August 5.”

Details about The American Business Awards and the list of 2020 Stevie winners are available at http://www.StevieAwards.com/ABA.    

About Enquiron:

Since 1996, Enquiron, http://www.enquiron.com, headquartered in Boston, Massachusetts, has been revolutionizing the way that professional services are delivered to the everyday business. Enquiron provides consultative business solutions impacting Human Resources, Employment Law, ERISA Healthcare, ERISA Retirement, Cyber Security, Directors & Officers and more to employers in all 50 states, across various industries, sectors and sizes. Enquiron has locations across the United States and is a trusted partner to organizations who need specific answers to specific business challenges. Follow us on LinkedIn and Twitter.

About the Stevie Awards

Stevie Awards are conferred in eight programs: the Asia-Pacific Stevie Awards, the German Stevie Awards, the Middle East Stevie Awards, The American Business Awards®, The International Business Awards®, the Stevie Awards for Women in Business, the Stevie Awards for Great Employers, and the Stevie Awards for Sales & Customer Service. Stevie Awards competitions receive more than 12,000 entries each year from organizations in more than 70 nations. Honoring organizations of all types and sizes and the people behind them, the Stevies recognize outstanding performances in the workplace worldwide. Learn more about the Stevie Awards at http://www.StevieAwards.com.

Sponsors of The 2020 American Business Awards include John Hancock Financial Services, Melissa Sones Consulting, and SoftPro.

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