Category Archives: Business

Press Releases from the Business World. Announcements, Product releases, Appointments.

Business: Insurance

Breathe Life Releases Digital Insurance Distribution Kit to Empower Advisors Online and Ensure Consumers Can Get Needed Coverage

Leave a comment


News Image

“Working together, we will get through these challenging times and ensure that consumers have access to the critical insurance coverage they need today and in the future — and that advisors can continue to play the important consultative role they do in these milestone transactions.”


MONTREAL (PRWEB)

Breathe Life, an InsurTech focused on bringing financial security to all, today announced the immediate availability of a digital insurance distribution kit that enables advisors to support both new and existing clients while working remotely. The Breathe Life digital insurance distribution kit can be deployed remotely to support advisors and their customers during these unprecedented times.

Advisors used to selling life insurance face-to-face with paper-based applications need to quickly change gears to help new customers and current clients get the coverage they need now. That means going digital fast.

The Breathe Life digital distribution kit provides carriers, distributors and their advisors a digital on-ramp that includes remote selling tools so advisors can continue to provide valuable advice while streamlining the buying process for consumers. With the kit, advisors can remotely support new or existing clients with chat, video or co-browsing to walk a client through an application all the way to secure digital policy delivery.

With the Breathe Life digital distribution kit, advisors can:

  • Remotely engage clients with a personalized experience

  • Input and manage client information

  • Automate fact-finding designed to understand client needs

  • Connect with clients with chat, phone, video, or co-browsing

  • Complete the client’s application

  • Remotely assist at any step of the journey

  • Provide E-signature & online payment processing

Clients and consumers can:

  • Educate themselves on products and services

  • Easily navigate the purchase with intuitive digital tools that help them find financial security

  • Get help from their advisor when they need it with call scheduling, chat, phone and video

  • Buy insurance from their advisor from the comfort of home

  • Refer & protect friends and loved ones.

Breathe Life is also providing all the tools needed to onboard advisors, which can be done in a matter of minutes. To learn more about the Breathe Life digital insurance distribution kit, insurance distributors can contact Ian Jeffrey, Co-Founder & CEO at ianjeffrey@breathelife.com.

“Advisors are telling us that they need tools to help them help their clients remotely to meet the surge in consumer demand for life insurance products — our digital distribution kit is designed to address this pressing need,” said Ian Jeffrey, Co-Founder and CEO at Breathe Life. “Working together, we will get through these challenging times and ensure that consumers have access to the critical insurance coverage they need today and in the future — and that advisors can continue to play the important consultative role they do in these milestone transactions.”

About Breathe Life

Breathe Life is helping protect families around the world by transforming the way personal insurance is bought and sold today. The API-driven Breathe Life Unified Distribution platform uses advanced analytics and AI to unify customer data into a single view of the customer and dispatch leads to the right channel with the right insurance product at the right time. Using the Breathe Life platform, carriers can sell more policies through advisors, direct, or anywhere in between. Breathe Life is venture-backed by Diagram Ventures, Real Ventures and a variety of industry-renowned angel investors. Learn more about Breathe Life at breathelife.com or on our Facebook, LinkedIn, and Twitter.

Share article on social media or email:



Business: Executives

Engage3 Appoints Robert Andrews as Chief Financial Officer

Leave a comment


Engage3 Appoints Robert Andrews as Chief Financial Officer

Engage3 Appoints Robert Andrews as Chief Financial Officer

“Engage3 is leading the way in using Price Image as the most effective, customer-behavior based metric in strategic pricing – challenging the conventional approaches to understanding and responding to competitors.”


DAVIS, Calif. (PRWEB)

Engage3, which helps retailers and brands understand, protect, and enhance their Price Image through data science and analytics, today announced that Robert Andrews has joined the team as its new Chief Financial Officer. Andrews will lead Engage3’s financial operations and investor relations.

Andrews is a seasoned financial executive who has a wealth of cross-industry experience in accelerating companies’ growth and raising capital. He has spent more than fifteen years in SaaS companies as CFO and COO in industries as varied as manufacturing and biotech. Some of the companies he has worked for include Worcester Controls Corporation, iRobot Corporation, and Mirror Image Internet.

“We are excited that Robert has decided to join Engage3 at such a defining moment both in retail and for our company,” said Edris Bemanian, CEO of Engage3. “As the macro environment conditions continue to evolve, retailers will need to lean on the best data analytics and pricing solutions to help them navigate these uncertain times. Engage3 intends to meet this need. Robert’s extensive background in finance, technology, and operations with fast-growing companies will enable us to do so.”

“I look forward to working with Engage3’s leadership team and leading its finance organization as the company progresses to the next phase of its strategy,” said Andrews. “Engage3 is leading the way in using Price Image as the most effective, customer-behavior based metric in strategic pricing – challenging the conventional approaches to understanding and responding to competitors. I am delighted to be part of this innovation in retail.”

Andrews is a CPA and received his MBA from Whittemore School of Business and Economics, University of New Hampshire in Durham, NH. He received his B.S. and B.A. in Accounting and Management with a minor in Computer Science from Northeastern University in Boston, MA.

About Engage3

Engage3 was founded by the creators of KhiMetrics (acquired by SAP), who are credited with inventing the retail price optimization space. Engage3’s leadership team is composed of former KhiMetrics, SAP, Revionics, dunnhumby, KSS Retail, and IBM/DemandTec executives.

International Data Corporation (IDC) recently positioned Engage3 as a leader in its MarketScape Vendor Analysis Report for changing the game and leading the next frontier in strategic pricing solutions. The company has also been listed in the Inc. 5000 for 3 years in a row since 2017.

Engage3’s Price Image Management Suite™ helps retailers understand, protect, and enhance their Price Image and align it with their sales and profitability objectives using predictive modeling. The suite includes Competitive Intelligence Management (CIM) – an AI-assisted, attribute-based, and data science-driven solution that provides accurate, granular competitive data (30 billion product pricing records collected annually in the U.S. and Canada) and like-item-linking visibility. CIM helps retailers reverse-engineer their competitors’ pricing and assortment strategies across channels, markets, and items. Also included in the suite is Price Image Management (PIM) – a next generation pricing solution that defines the impact of strategic pricing alternatives and unlocks pricing recommendations based on a retailer’s objectives for Price Image, sales, and profitability.

More information is available at http://www.engage3.com.

Share article on social media or email:

Business: Insurance

NFP Welcomes Tyson Stevenson to Property and Casualty Team in West Region

Leave a comment


News Image

“The breadth of his experience will add value in a variety of areas, including our sales and retention strategy, recruiting and M&A, and create opportunities to introduce new solutions to existing relationships,” said Henry Lombardi.


NEW YORK (PRWEB)

NFP, a leading insurance broker and consultant that provides property and casualty (P&C), corporate benefits, retirement and individual solutions, today announced that Tyson Stevenson joined the company as managing director and West region sales leader on February 27, 2020.

Tyson is an experienced strategic risk adviser with two decades of success helping clients manage and optimize their total cost of risk. Prior to NFP, he served as an executive vice president and commercial lines practice leader for USI Insurance Services. In previous sales and executive leadership roles – including with JLT Specialty USA, Aon and Marsh – he focused on complex property placements, catastrophe modeling, directors and officers/general partnership liability, cyber/errors and omissions, and transaction liability, while building entertainment and real estate practices. His expertise is helping NFP expand capabilities across specialties and verticals. Tyson reports to Doug Turk, regional managing director for NFP’s West region, and is collaborating with offices on sales strategy and corporate development.

“We’re excited to welcome Tyson to our team as we expand our P&C expertise in the West with more clients and specialty capabilities,” said Turk. “Tyson’s specialized experience and demonstrated leadership ability will continue our momentum and advance NFP’s position as a destination for top talent.”

“In welcoming Tyson to NFP, we further demonstrate our focus on building a team of talented, client-focused professionals,” said Henry Lombardi, executive vice president and head of NFP’s P&C division. “The breadth of his experience will add value in a variety of areas, including our sales and retention strategy, recruiting and M&A, and create opportunities to introduce new solutions to existing relationships.”

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.

Share article on social media or email:

Business: Insurance

America’s Preferred Home Warranty’s Planning, Tech Allow ‘Business As Usual’ During COVID-19 Lockdown

Leave a comment


America's Preferred Home Warranty

America’s Preferred Home Warranty

This would not have been possible without the foresight of leadership to develop cloud-based systems that our employees could access from anywhere.


JACKSON, Mich. (PRWEB)

America’s Preferred Home Warranty (APHW) continued providing award-winning customer service without a hitch—and with virtually no hold times—after Michigan’s Governor Whitmer, in an effort to protect all Michiganders, signed Executive Order 2020-21 directing residents to remain at home or in their place of residence to the maximum extent feasible. But then, most of APHW’s staff were already working from home at that point: The company had leveraged technology along with years of planning for an event just such as COVID-19.

“This would not have been possible without the foresight of leadership to develop cloud-based systems that our employees could access from anywhere,” said APHW Vice President of Operations Mike Sadler. “We had an emergency preparedness plan to keep operations up and running despite anything thrown at us. This is that very plan in action, and it’s going even better than we could have hoped.”

APHW’s investments in technology and systems, along with detailed documented process planning, have resulted in a full-time, uninterrupted operation with the same exceptional customer service that homeowners and real estate agents have come to know. “We’ve been able to transition our staff to working from home quickly and seamlessly,” said APHW CEO Rodney Martin. “Our entire operation is 100% U.S. based, we answer all of our calls right here in Michigan, and we’ve continued answering with virtually no hold times at all.”

APHW has also taken a variety of other technological steps recently, including developing a way for customers to Start a Claim Online (https://aphw.com/claim-start/), and achieving a spot in the HousingWire.com TECH-100 (a list of companies innovating technology for real estate), recognizing APHW’s Real-Pro® app, which enables real estate agents nationwide to order and track APHW home warranties in under a minute. (https://bit.ly/3dwPKKq)

While many American companies face difficult economic times with the coronavirus (along with the rest of the world), APHW continues to break barriers.

For more information, visit APHW.COM or call 888.351.3681 to buy a home warranty today!

Share article on social media or email:

Business: Insurance

PrismHR Partners with Doctegrity to Provide Telemedicine Benefits for HR Service Providers and their Small Business Customers

Leave a comment


“Doctegrity is designed to be the ‘Netflix’ of healthcare – meaning, anyone can use us, anytime, anywhere, and with no surprise costs. In the HR service provider world, that’s a big advantage to have.”


HOPKINTON, Mass. (PRWEB)

PrismHR, the leading HR technology software powering payroll, benefits, and HR for businesses across the U.S., today announced a new partnership with Doctegrity to provide 24/7/365 telemedicine services to its network of HR service providers and their small business customers nationwide.

PrismHR service provider partners can offer Doctegrity’s industry-leading telemedicine services in addition to existing healthcare plans, which often don’t cover telemedicine or charge co-pays, to their employees, including those working part time. And because Doctegrity doesn’t file claims with insurance carriers, this can ultimately lead to lower health insurance premiums for HR service providers.

PrismHR service provider partners can now immediately offer their small business customers access to telemedicine resources, including:

  • Unlimited 24/7/365 primary care doctor visits by phone or video chat. If needed, the doctors can write a prescription to the pharmacy of the patient’s choice.

  • Unlimited medical advice or ‘second opinions,’ including the ability to upload blood tests results, x-rays and MRI’s and to ask Doctegrity’s doctors questions through secured messaging

  • Unlimited 24/7/365 mental health teletherapy

  • Pharmacy discount card – up to 80% off of prescriptions

  • Availability in English and Spanish nationwide

  • Benefit for employee and family member

  • No copays or consultation fees

  • Open enrollment – companies can enroll their employees any time with immediate benefit activation

  • Access to Doctegrity’s new coronavirus self-assessment tool including advice for dealing with issues around daily life

Jesse Ohayon, CEO of Doctegrity, said: “Our new partnership with PrismHR is a natural fit. Doctegrity’s leadership came out of the people operations industry rather than a hospital executive team. Therefore, we knew forging a strong relationship with PrismHR would be a mutual key to success. PrismHR recognized that we understood the industry and saw the value we bring to their clients.”

“Doctegrity is designed to be the ‘Netflix’ of healthcare – meaning, anyone can use us, anytime, anywhere, and with no surprise costs. In the HR service provider world, that’s a big advantage to have. And right now we’re focused on our fight against COVID-19. We’re continuously improving our technology and arming our doctors on the latest information in order to deliver better care, in a highly cost effective manner. PrismHR is an ideal partner for us to be able to reach these workers and deliver our benefit to these people.”

“Clearly, telemedicine is a critical and important benefit for employees nationwide,” said Tim Pratte, Senior Vice President of Diversified Services at PrismHR. “We’re thrilled to be able to offer Doctegrity’s feature-rich program to our network of HR service providers as they strive to provide top-notch, relevant benefits to their small business clients.”

About Doctegrity

Doctegrity is a healthcare innovation company that provides access to board-certified doctors or mental health therapists 24/7/365 via video visits, phone or secured messaging. Available as a subscription model, Doctegrity can deliver care to anyone, nationwide in English or Spanish and there is no need for insurance to join. On a corporate level, Doctegrity is a proven solution to lower health insurance rates, improve absenteeism rates, and improve employee satisfaction. Doctegrity’s passion is to deliver care to anyone in the country in a cost effective manner while leveraging easy-to-use technology. To learn more about Doctegrity, please visit http://www.doctegrity.com or call 888-342-5152.

About PrismHR

PrismHR’s mission is to fuel the growth of small and medium-sized businesses (SMBs) across the U.S. Our HR software, combined with our ecosystem of HR service providers, enables SMBs to manage payroll, benefits, and HR, leveling the playing field with large enterprises. Today, PrismHR software delivers world-class HR services to more than 80,000 organizations and over 2 million worksite employees, processing greater than $80 billion in payroll each year. PrismHR is located in Hopkinton, Mass. For more information, visit http://www.prismhr.com.

Share article on social media or email:

Business: Executives

Red Nucleus Acquires R&D Software Solution

Leave a comment


Red Nucleus logo

Red Nucleus

“We are thrilled about the addition of Pyxa and DirectusPro to the Red Nucleus family. There is strong overlap with Pyxa’s DirectusPro software and our existing R&D labeling services.” – Red Nucleus CEO Ian Kelly.


YARDLEY, Pa. (PRWEB)

Red Nucleus Enterprises, LLC, (“Red Nucleus” or “RN”), a premier provider of learning, performance, and process solutions for the life sciences industry, has invested in Pyxa Systems (Pyxa), a research & development (R&D) focused software company offering process-enabled technology solutions for the global pharmaceutical industry. Pyxa’s flagship software product, DirectusPro, is a next-generation, structured content authoring, global label management, tracking, and reporting solution. DirectusPro ensures efficient information flow and compliance practices for global pharmaceutical label development, specifically the Core Data Sheet and Regional Product Information.

RN has two core lines of business: RN R&D and RN Commercial. Pyxa/DirectusPro will be part of RN’s R&D business. RN R&D delivers unrivaled capabilities for the life sciences industry. Its unique combination of cross-functional expertise, process-driven approach, and proven methodology increases compliance, reduces costs, and enhances overall efficiency for clients. RN’s R&D business offers a broad array of services pertaining to compliance with FDA/regulatory requirements throughout the drug lifecycle.

RN Commercial is the leading provider of learning solutions for the life sciences industry, taking traditional training approaches like print, e-learning, and workshops to a new level by marrying solid content and elegant design with the latest research-based adult learning methodologies and cutting-edge technology to help drive clients’ business objectives. RN’s Commercial business designs and develops training content that includes e-learning modules, mobile apps, virtual training, workshops, games, and printed materials primarily focused on the commercialization of pharmaceuticals.

Dalia El-Sherif, PhD, Red Nucleus R&D Strategy and Change Partner, commented, “RN currently offers end-to-end label process development and maintenance, label alignment, and drug listing and SPL management. DirectusPro will enable and enhance these services and activities.”

“We are thrilled about the addition of Pyxa and DirectusPro to the Red Nucleus family. There is strong overlap with Pyxa’s DirectusPro software and our existing R&D labeling services,” said Red Nucleus CEO Ian Kelly. “We are now able to offer our clients an industry game changer and strong foundation for R&D compliance software via DirectusPro and are excited to roll the product out to our clients.”

Share article on social media or email:

Business: Insurance

Healthcare2U Announces the Nationwide Availability of New Direct Primary Care Program Geared for Individuals Affected by COVID-19 Crisis

Leave a comment


MyDPCplus

Healthcare2U understands Americans are dealing with the anxiety of losing their health insurance. And while we can’t provide hospitalization or take away the stress of this moment in history, I can do my part to provide access to primary care for everyone who needs it.


AUSTIN, Texas (PRWEB)

Today Healthcare2U, a membership-based, integrated direct primary care (DPC) organization, released an individual product to address the furloughed, part-time and laid off employees of America. With indications that the US unemployment rate could rise to 13 percent in April¹, Healthcare2U is working to quell employee fears of going without access to healthcare by delivering their Direct Primary Care membership to individuals on a national scale.

The desire to assist those affected by COVID-19’s economic toll, prompted Healthcare2U to create their first individual membership, My Direct Primary Care Plus (MyDPCplus). MyDPCplus is built around a hybrid-DPC payment model and provides a comprehensive suite of unlimited primary care benefits. Like DPC, the plan is not insurance, but rather a healthcare membership available for a flat monthly fee. Benefits include unlimited services such as in-office physician visits for primary and urgent care, 24/7 Virtual DPC/telehealth consultations, and the treatment of 13 chronic disease states such as diabetes, asthma, and hypertension – within management ranges.

In this initiative, Healthcare2U has partnered with Zevo Benefits to provide the MyDPCplus membership to individuals across the nation. Zevo Benefits offers a complete and agile enrollment platform that offers a simple and straightforward user experience, allowing individuals a painless enrollment into MyDPCplus via monthly ACH back withdraw or credit card.

“Healthcare2U understands those Americans who have lost their jobs are dealing with the anxiety of possibly losing their health insurance. And while we can’t provide hospitalization or take away the stress of this moment in history, I can do my part to provide access to primary care for everyone who needs it,” said Andy Bonner, CEO of Healthcare2U. “Whether these individuals are gig workers, recently unemployed, or working for employers who can no longer provide benefits – they need access to affordable primary care. Healthcare2U is proud to partner with Zevo Benefits so we can offer this essential membership to individuals, nationwide.”

Are you a benefits broker? Learn more about the MyDPCplus membership

Follow Healthcare2U on LinkedIn and follow on Twitter @Healthc2U.

About Healthcare2U

Healthcare2U is a membership-based, integrated direct primary care (DPC) organization that ensures employers of all sizes and structures have nationwide access to affordable, consistent, and quality primary care over 40% below the average cost of traditional DPC practices operating in the market today. Through our proprietary Private Physician Network (PPN)™, Healthcare2U promotes healthy living by detecting, treating, and managing acute and chronic conditions before the onset of serious illness. Healthcare2U is headquartered in Austin, Texas, and is available nationwide. For more information, visit http://www.healthc2u.com.

Media Contact

Courtney Babin, Healthcare2U

Courtney@healthc2u.com

512-900-8900 x 114

¹ New York Times: https://www.nytimes.com/2020/04/03/business/economy/coronavirus-jobs-report.html

Share article on social media or email:



Business: Insurance

What Are The Typical Car Insurance Discounts Offered By Insurance Companies

Leave a comment


News Image

“Car insurance companies know that for some customers, car insurance is too expensive. To make car insurance more affordable and to encourage safe driving habits, insurance providers are offering various discounts”, said Russell Rabichev, Marketing Director of Internet Marketing Company.


LOS ANGELES (PRWEB)

Paying the monthly bill for car insurance can be a burden for drivers. Many of them are struggling to gather enough money to pay their monthly insurance bills. Luckily, car insurance doesn’t have to be expensive. To make car insurance more affordable, car insurance companies are offering various types of discounts that can be earned by drivers after meeting the requirements.

The most important discounts offered by providers are the following:


  •     Demographic and geographic-based discounts. Factors like age, gender, marital status can significantly affect the price of car insurance. Young and senior drivers will pay more on their premiums than drivers who are between 30 and 60 years old. Married drivers are considered to be more responsible and will pay less on their premiums than drivers who are single or divorced. Policyholders who use their vehicles to commute to work on short distances can be eligible for a low-mileage discount. Drivers who live in areas with low car theft and vandalism rates will also pay cheaper premiums.

  •     Clean driving discount. To obtain the no-claim bonus, drivers will have to make no claims and announce no accidents for a certain period. Usually, insurers will offer this bonus after 3-5 years.

  •     Safety devices discount. Newer car models come equipped with various types of safety devices. Depending on what types of devices are installed on a vehicle, drivers can gain a safety devices discount. Also, policyholders can improve the safety rating of their vehicles by installing aftermarket safety and tracking devices. However, drivers should talk with their insurers first and check what devices are approved and how much money they can save by installing them.

  •     Paying the policy upfront discount. Insurers will save monthly administration costs if the policyholder chooses to pay for the whole policy at once. For this reason, the insurers are willing to give a discount to those drivers who chose to pay their policy once instead of having to pay it monthly.

  •     Defensive driving discount. Drivers who attend and graduate a defensive driving course will get a discount from their insurers. Besides obtaining a discount, drivers who attend a defensive driving course will improve their driving skills and will learn how to identify and avoid road obstacles.


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.

For more information, please visit http://compare-autoinsurance.org.

Share article on social media or email:

Business: Executives

Temeda Announces Industry Expert Darryn Faulkner Joins Leadership Team as Executive Vice President, Sales & Marketing

Leave a comment


News Image

With the ripening of the market for IIoT and location-based technologies, now is a critical time for Temeda to invest in the growth of our sales organization.


CHICAGO (PRWEB)

Temeda, a Chicago-area Industrial Internet of Things (IIoT) solutions provider, announced today the hiring of Darryn Faulkner in the role of Executive Vice President, Sales & Marketing. In this capacity, Faulkner will be charged with building Temeda’s business and marketing strategies, defining new growth initiatives and charting the company’s direction for product growth.

“With the ripening of the market for IIoT and location-based technologies, now is a critical time for Temeda to invest in the growth of our sales organization,” said Temeda President and CEO Scott Morey. “Darryn’s vast experiences with GPS products and SaaS solutions have prepared him well to serve as the champion of our sales organization.”

In his capacity as Executive Vice President, Sales & Marketing, Faulkner will lead Temeda’s sales and marketing teams to drive customer acquisition for the company’s best-in-class IIoT Platform Software. With his deep understanding of industrial asset fleet management requirements, he will be able to easily aid clients and partners in recognizing the full value of designing, deploying and implementing Temeda solutions.

Faulkner brings to the position more than 14 years of experience in global core SaaS telematics, asset management and the deployment of integrated solutions for the mining and construction industries. Faulkner previously led business development teams at Teletrac Navman North America, Navman Wireless North America and Navman Wireless New Zealand, all leading companies in the use of GPS/location-based technology and services for managing mobile assets.

Faulkner holds a bachelor’s degree in education from Massey University, a Diploma of Teaching Education from the University of Auckland, a degree in Strategic Marketing of High-Tech Products and Innovations from the University of Auckland and a Mini MBA Certificate from Loyola University in Chicago.

“As a change agent in the core SaaS telematics space, I look forward to expanding Temeda’s presence in the industry as well as building on its strong reputation for providing useful and actionable business intelligence and exceptional service to clients,” Faulkner said.

About Temeda

Temeda is an industry-leading, software-driven company focused on building value in the industrial workplace. Developed, maintained and supported by data specialists with deep expertise in the industries we serve, Temeda solutions capture and deliver the business intelligence that supports total lifecycle management, productivity optimization and operating cost minimization, whether for a single asset or an entire fleet. Temeda’s specialized reporting and visualization solutions leverage the promise of the Industrial Internet of Things (IIoT) to help customers maximize the value in sensor and GPS data. Temeda also builds custom APIs — software connectors — to ensure compatibility with virtually any ERP, CMMS or other business intelligence system. For more information, visit http://www.temeda.com.

Share article on social media or email:

Business: Insurance

The Institutes RiskStream Collaborative Hosts Event to Promote Distributed Ledger Use Cases in Insurance

Leave a comment


“From its inception, we have recognized the limitless potential of blockchain technology to transform our industry and RiskStream Labs, and today’s Excite Challenge further underscored that effort,” says Patrick Schmid, vice president of RiskStream Collaborative.


MALVERN, Pa. (PRWEB)

The Institutes RiskStream™ Collaborative, the largest enterprise-level blockchain consortium in the risk management and insurance sector, hosted its second annual Meetup & Modules event on April 1. The event included both members-only and public sessions, culminating with the Excite Challenge, supported by RiskStream Labs. TrustLayer, an automated insurance verification program, received top honors after presenting along with three other semifinalists.

“The RiskStream Collaborative’s second annual Meetups & Modules once again encouraged knowledge sharing through conversations with board members, collaborative partners, and other industry participants, this time in a virtual format” said Christopher McDaniel, president, RiskStream Collaborative. “The Excite Challenge competition showcased the power of the consortium and set the tone for The Institutes Future of Risk event that followed.”

Each Excite Challenge finalist—Blocksure, Hedera Hashgraph, Tinubu Square, and TrustLayer—presented a 12-minute case to an open panel of virtual conference attendees, who ultimately selected the winner via an online vote.

“From its inception, we have recognized the limitless potential of blockchain technology to transform our industry and RiskStream Labs, and today’s Excite Challenge further underscored that effort,” says Patrick Schmid, vice president of RiskStream Collaborative. “Our finalists offered practical ways in which distributed ledger technology could be leveraged for the benefit of our members and the insurance industry as a whole. TrustLayer stood out specifically for its built-in ability to extend relationships with existing customers and inherent design characteristics that could help drive industry adoption.”

TrustLayer brings innovative use cases to the mainstream to reduce burdensome tasks. Its platform enables companies to automate the verification of insurance, licenses, and compliance documents of their business partners—including vendors, subcontractors, suppliers, borrowers, and tenants—in an effort to reduce errors and uncertainty from paper-based workflows, as well as eliminate delays in policy cancellation/termination notifications. In addition to partnering with the insurance industry, TrustLayer is also working with some of the largest online marketplaces in the world, including home- and ride-sharing, to develop a secure application that can be used across industries and sectors.

“The Excite Challenge presented a unique opportunity to come together with leading industry developers and share knowledge that will advance blockchain applications in the risk and insurance industry. Each presenter exhibited the type of critical thinking that will no doubt shape the future,” says John Fohr, cofounder of TrustLayer. “TrustLayer is honored to be selected as the winner, and we look forward to continued collaboration with the RiskStream Collaborative to bring to life the technology and applications that will make strategic, meaningful shifts in risk and insurance.”

RiskStream Labs serves as a resource for the RiskStream Collaborative’s member and nonmember organizations and is dedicated to quickly vetting and advancing blockchain initiatives, specifically at the proof-of-concept phase. The Excite Challenge was an ideation effort that aimed to broadcast new innovative concepts to the industry.

About The Institutes RiskStream Collaborative

The Institutes RiskStream Collaborative, the risk management and insurance industry’s first enterprise-level blockchain consortium, is developing insurance-specific use cases via Canopy, a custom blockchain architecture. http://www.TheInstitutes.org/RiskStream

The RiskStream Collaborative is committed to equipping organizations to work together to inspire product innovation, enable efficiencies, and open new technological frontiers.

About The Institutes | Risk and Insurance Knowledge Group

The Institutes, the leading provider of risk management and insurance knowledge solutions, offer professional designations, including the CPCU® program. In addition, The Institutes provide introductory, foundational, and leadership programs; online and continuing education courses; events and conferences; online and print news platforms; assessment tools; and research reports.

CPCU is a registered trademark of The Institutes. All rights reserved.

Share article on social media or email: