Category Archives: Business

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

PCF Insurance Services Launches World Class PCF University


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“PCF University is designed to empower insurance agency leaders, carriers and other insurance and risk management professionals to capture unrealized potential.”

PCF Insurance Services (PCF), a full-service, national brokerage with 75 + offices around the country, announced the launch of its newest program, PCF University (The University).

PCF University is a knowledge and skill development center that houses business development, account management, and growth training.  This includes, but is not limited to organic agency and producer growth assessments, producer playbooks, prospect pipeline strategy maps, sales accelerators, producer training, and metrics to track performance.

“The launch of PCF University is a testament to the tremendous growth we’ve seen in the past couple of years,” said Peter Foy, chairman, CEO and founder of PCF Insurance Services. “We believe it will provide necessary skill development to our producers and customer service representatives nationwide.”

The University is led by an elite team of seasoned insurance professionals who see their role as empowering PCF colleagues to have the tools, tactics, skills and mindset to enhance organic growth, productivity, and value in the marketplace.

“The PCF University team is thrilled to spearhead the launch of PCF University,” said Dennis Pauls, VP of Operations, PCF Insurance Services. “PCF University is designed to empower insurance agency leaders, carriers and other insurance and risk management professionals to capture unrealized potential. We believe it will do just that.”

PCF University will launch in a phased approach, making The University more capable of efficiency and effectiveness within the network. The program comes with tools, tactics, and resources outlined in the agency’s Organic Growth Action Plan.

“We work to ensure agencies execute plans to meet established goals, while remaining nimble to identify and take advantage of new opportunities,” said a member of the PCF University team. “This is just the beginning–there is so much more to be done and we are looking forward to the rocket ship of growth.”

The addition of PCF University to the PCF Shared Services offering bolsters the existing tools, resources, and operational support which include IT, HR, Accounting, Finance, Marketing & Communication, Carrier Relations, Risk Management, and more.

Learn more about the continuing advancements of PCF: http://www.PCFins.com.

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Ignatica Closes $7 million Pre-Series A Round Led by Lingfeng Capital


Ignatica lets insurers adapt to changing markets and create new products, policies and businesses while keeping costs down and moving quickly to market.

Ignatica, the insurance policy administration platform that offers digital self-service and intelligent automation solutions for insurers, announced today it has closed US$7 million in pre-series A funding, led by Lingfeng Capital, with participation from the US-based SOSV Investment Funds, Australia-based Artesian, HK-Based AFG Partners Fund, as well as other investors.

This recent round of funding positions Ignatica to build on the stunning growth it saw over the last 18 months where they tripled in size in both staffing and market traction.

“We are very excited about our progress over the last year,” said President and Co-Founder, Travis Callahan, “and thanks to our investors and partners in this round of funding we are poised to accelerate our growth across Southeast Asia, China, Japan and into Europe and North America.”

Ignatica’s platform lets insurers quickly and efficiently build and launch new products at low cost, while drastically reducing administration costs and transforming the servicing experience for consumers.

“Lingfeng Capital is very impressed with the management team and the execution power of Ignatica. Creating an innovative solution for the digital transformation of insurers towards greater efficiency and better customer satisfaction is very meaningful.” said Edmond Lau, Managing Director of Lingfeng Capital. “We are very happy to play a role in the continuous growth of Ignatica.”

Today, insurers are stuck with legacy systems that make launching new products and managing policies slow and expensive, eating up more than half of an insurer’s IT budget.

“The ability to transform the data “on demand” for specific products or policies, is key to our success,” said Adhish Pendharkar, Co-Founder and CTO at Ignatica. “We help insurers adapt to the changing markets and create new products, policies and businesses while keeping cost down and moving quickly to market.”

Ignatica’s suite of SaaS offerings allows insurance product managers to create and edit coverages and plans, dynamically adjust pricing, and change product configurations in seconds. They also enable servicing and back-office operations to be automated and pushed to the front edge for digital self-service for even the most complex insurance products.

“The insurance industry is going through an era of unprecedented transformation, with consumers seeking the convenience of buying and interacting with insurance services easily with nothing more than their mobile phone,” said CEO and Co-founder Manuel San Miguel. “Our platform not only lets insurers be fast and agile about launching products to meet these customer needs, it also empowers them to truly move into the era of digital servicing.”

ABOUT IGNATICA

Ignatica was founded in 2018 by Manuel San Miguel, former Manulife CTO for APAC, fellow technology and insurance industry veteran, Adhish Pendharkar, and longtime C-suite executive and entrepreneur Travis Callahan. Its core platform technology enables insurers to profitably provide every person on the planet the type of insurance they need, at the price they can afford, with the service and speed that today’s customers expect.

ABOUT LINGFENG CAPITAL

Lingfeng Capital is a growth capital private equity fund for the fintech sector in Asia Pacific, particularly in the Greater China region. Its focus is on real applications and underlying tech for the finance industry. Its vision is to become the leading innovative tech fund management company, and to facilitate growth and success for the next generation of entrepreneur-driven fintech companies.

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The Best Places Where Drivers Can Get Free Car Insurance Quotes Online


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“The internet can help drivers that are looking for an insurance deal to save time and money”, said Russell Rabichev, Marketing Director of Internet Marketing Company.

Compare-autoinsurance.org has launched a new blog post that presents the best places from the internet that can help drivers get free online car insurance quotes.

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

The internet is the perfect place for drivers that are looking for better car insurance deals. Before the internet, drivers could have spent hours to obtain a small number of quotes from a few insurance companies. Nowadays, the internet allows drivers to obtain many quotes and compare them in just a few minutes.

The best sources from the internet to obtain free car insurance quotes are:


  • Insurers websites. The vast majority of insurance providers own a website that provides quotation services to their potential customers. Drivers will only need to fil an online questionnaire in order to get several price estimates. However, going to the site of an insurance company to obtain quotes has its disadvantages. One disadvantage is that drivers will get quotes only from a single insurance company. To obtain quotes from different providers, drivers will have to visit different insurers websites and complete a questionnaire for every site.
  • Brokerage websites. Many drivers consider that brokerage websites are the ideal places to obtain quotes. Brokerage websites work together with multiple insurance companies. Drivers that visit a brokerage website will have to fil only one questionnaire in order to receive quotes from multiple insurance companies. With the help of brokerage websites, drivers can discover offers made by local or regional insurers. These relatively unknown insurers can offer better insurance offers than nationwide insurers. All insurers that offer insurance deals will have to adhere to the same set of questions provided by the brokerage website. By doing so, the significant price differences that drivers get when filling quotes at different insurers’ sites will be gone.
  • Local insurance department. This is not exactly the place from where a driver can obtain car insurance quotes, but instead, drivers can find out more details about car insurance companies. Drivers can easily find a list of top insurers and some basic rate surveys.

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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VisitorsCoverage Wins 2021 Excellence in Customer Service Award


VisitorsCoverage, a silicon valley Insurtech in travel insurance has been named a winner in the 2021 Excellence in Customer Service Awards for Transformation of the Year, presented by Business Intelligence Group(BIG).

VisitorsCoverage has continuously innovated industry leading solutions to the challenges the modern traveler faces. In the company’s 15-year history, this mission has never been more relevant. As countries confronted COVID-19, travel restrictions and advisories changed daily.

In response, VisitorsCoverage launched one of the most extensive portfolios for Covid-19 travel insurance plans and debuted the travel insurance industry’s AI-based smart bot, giving essential travelers 24/7 access to the most up-to-date information on safe travel. As the company shifted to an all-remote environment, the customer service team delivered outstanding service, earning excellence status with 4.8 star ratings on Google Reviews and Trustpilot. VisitorsCoverage is delighted to receive the 2021 Excellence in Customer Service Award, alongside industry heavyweights.

“On the frontline of our uncertain times are customer service professionals and suppliers without whom we wouldn’t be able to live as comfortably as we have for the last year,” said Maria Jimenez, chief operating officer of the Business Intelligence Group. “It is our honor to recognize VisitorsCoverage as they are leading by example and making real progress on improving the daily lives of so many.”

Organizations from across the globe submitted their recent innovations for consideration in the BIG Innovation Awards. Nominations were then judged by a select group of business leaders and executives who volunteer their time and expertise to score submissions.

About VisitorsCoverage Inc

VisitorsCoverage Inc. is a Silicon Valley-based insurtech company headquartered in Santa Clara, Calif. which provides travel insurance for millions of global travelers in over 175 countries. Founded in 2006 by insurtech pioneer and industry expert Rajeev Shrivastava, VisitorsCoverage is constantly evolving by creating innovative, market-demand products and by continually updating an extensive online knowledgebase for their global clientele. For more information visit http://www.visitorscoverage.com.

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Top Five Clever Methods That Can Help Drivers Get Lower Car Insurance Premiums


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Cheapquotesautoinsurance.com has launched a new blog post that presents some efficient methods that can help policyholders pay lower car insurance premiums.

For more info and free car insurance quotes, please visit https://cheapquotesautoinsurance.com/5-ways-to-lower-car-insurance-costs/

All states, except New Hampshire, require drivers to obtain car insurance. For many drivers, car insurance can be an expensive necessity. Luckily, there are plenty of methods and discounts provided by insurers that can help any driver save money on car insurance.

The following methods can help drivers pay lower insurance premiums:


  • Park the car in a safe place. One of the factors that can affect the cost of car insurance is the place where a car is parked overnight. Drivers who park their vehicles in a safe location where they can monitor it easily, like a garage, will pay lower car insurance premiums. Cars kept in a garage are less likely to be stolen and they are protected against vandalism and the damaging effects of severe weather events.
  • Maintain a good credit score or try to improve it. Insurance companies consider that policyholders that have a good credit score will pay their insurance bills on time and they are less likely to file insurance claims. There are several ways to improve a credit score. Paying the bills on time and not gathering debt will help drivers have a better credit score.
  • Graduate a defensive driving course. Besides helping drivers to improve their driving skills, defensive driving courses can also help them save money on car insurance. Drivers who manage to graduate an approved defensive driving course will be rewarded with a consistent discount that is between 10% to 15%.
  • Collaborate with a good and competent insurance agent. Having a good professional relationship with an insurance agent has multiple benefits. Good insurance agents will keep drivers updated with information regarding the latest insurance changes, insurance offers, and discounts. Furthermore, insurance agents can help drivers when they need to file a claim.
  • Shop around and compare online quotes. Policyholders should check the insurance market at least two times per year. Brokerage websites are ideal for drivers who want to easily obtain multiple car insurance quotes from different insurance carriers. Online quotes can help drivers obtain the insurance policies they need.

For additional info, money-saving tips and free car insurance quotes, visit https://cheapquotesautoinsurance.com/

Cheapquotesautoinsurance.com 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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AssuredPartners Announces Resignation of Chief Executive Officer Tom Riley


AssuredPartners logo

AssuredPartners logo

Jim Henderson, the Executive Chairman said, “We sincerely appreciate Tom’s tireless service to AssuredPartners over the last decade… And though Tom will be missed, I have great confidence in our leadership team and their ability to execute on our vision and strategy.”

AssuredPartners, Inc. today announced that Tom Riley has resigned as Chief Executive Officer of the Company to pursue other investment opportunities and devote more time to his family and charitable interests. The Board of Directors has accepted Mr. Riley’s resignation and asked Jim Henderson, the Executive Chairman, to serve as CEO moving forward. Tom will be available to assist in the transition of his responsibilities.

Mr. Riley commented: “This was a very difficult decision as I have great affection for the amazing team of people at AssuredPartners, and I have enjoyed every minute of the last ten years building this company. However, I am excited for this next chapter and know that AssuredPartners is in great hands to continue executing on its growth strategy. I will remain a significant shareholder of AssuredPartners and fully vested in its continued growth and success.”

Mr. Henderson added: “We sincerely appreciate Tom’s tireless service to AssuredPartners over the last decade. His energy and drive have helped establish a culture of success that will certainly continue. And though Tom will be missed, I have great confidence in our leadership team and their ability to execute on our vision and strategy.”

ABOUT ASSUREDPARTNERS, INC

Headquartered in Lake Mary, Florida, AssuredPartners is a full-service insurance broker providing commercial insurance, risk management, employee benefits through consulting and services. With over 7,500 employees located in offices throughout North America, London, Belgium and Scotland, AssuredPartners is in the business of building relationships. While cementing powerful, lasting relationships built on trust earned from working openly and honestly with our partners. That’s what we call, Power through Partnership. For more information, visit http://www.assuredpartners.com.

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AssuredPartners Announces Acquisition of Biglow & Co., Inc.


AssuredPartners logo

AssuredPartners logo

“We are always excited to add a partner that will allow us to continue to deliver the highest level of service to our expanding clientele. We welcome the team and clients of Biglow & Co. with great pleasure,” said AssuredPartners CEO, Tom Riley.

AssuredPartners, Inc. is proud to announce that Biglow & Co., Inc. of Fox Lake, IL has joined AssuredPartners. Biglow represents the second acquisition in April and the 14th acquisition in 2021. The team of 12 will remain under the leadership of Tim Biglow, President of Biglow. The agency currently reports $2 million in annualized revenues.

Tim Biglow said, “At Biglow, we are committed to service and our objective is to establish a long-standing relationship between the insurance company and our agency. We are excited to continue these services and Power through Partnership with AssuredPartners.”

“We are happy to have extended our operations in Illinois with the addition of the experienced team and loyal clientele at Biglow,” stated Todd Stocksdale, AssuredPartners Regional President.

“We are always excited to add a partner that will allow us to continue to deliver the highest level of service to our expanding clientele. We welcome the team and clients of Biglow & Co. with great pleasure,” said AssuredPartners CEO, Tom Riley.

For more information on Biglow & Co., Inc., please visit: https://biglowins.com/

ABOUT ASSUREDPARTNERS, INC

Headquartered in Lake Mary, Florida, AssuredPartners is a full-service insurance broker providing commercial insurance, risk management, employee benefits through consulting and services. With over 7,500 employees located in offices throughout North America, London, Belgium and Scotland, AssuredPartners is in the business of building relationships. While cementing powerful, lasting relationships built on trust earned from working openly and honestly with our partners. That’s what we call, Power through Partnership. For more information, call 513-624-1779, email jamie.reinert@assuredpartners.com or visit http://www.assuredpartners.com.

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Rogers & Hollands | Ashcroft & Oak and Clean Origin delight eCommerce customers with Zillion


Zillion's 1-Click Insurance for eCommerce

Zillion’s 1-Click Insurance for eCommerce

“We have a like-minded approach to change the way guests experience shopping online, and the full attention to the guest experience is the right focus.”

Rogers & Hollands | Ashcroft & Oak, and Clean Origin, one of the nation’s premier sellers of lab grown diamonds, have partnered with leading insurtech, Zillion, for the benefit of their online guests. Now, Rogers & Hollands | Ashcroft & Oak and Clean Origin customers can easily protect their eCommerce jewelry purchases with 1-Click directly within the eCommerce shopping cart. There are no burdensome forms, applications, or upfront payments required – It’s the modern, consumer friendly approach that shopper’s demand in today’s online experience – and all made possible by Zillion’s Magento eCommerce plug-in.

Rogers & Hollands | Ashcroft & Oak and Clean Origin have recognized the shift in consumer buying habits and the need to provide additional services with ease and distinction.

“A simple and flawless experience is essential for online shopping,” remarked Brent Stern, Rogers & Hollands | Ashcroft & Oak VP of Business Development. “Zillion’s 1-Click immediate insurance for eCommerce purchases fits perfectly with our strategy.”

Brandon Cook, Director of Marketing at Clean Origin agrees: “We have a like-minded approach to change the way guests experience shopping online, and the full attention to the guest experience is the right focus. It’s an easy way to extend service value in our shopping cart while providing retailer differentiation.”

More and more retailers are embracing eCommerce and omni channel distribution, and offering value-added benefits to the shopping experience increases a consumer’s online engagement. Zillion has reinvented the traditional insurance process by offering immediate protection for consumer purchases – no other insurer does that. The fact that it’s a 1-Click consumer experience with no payment in the shopping cart is a wonderful business tool that immediately differentiates a retailer from competitors. With Zillion, retailers are offering an easy “Protect Now and Decide Later” benefit delighting a generation of customers with huge buying power.

About Zillion

Zillion (myzillion.com) is an InsurTech company reinventing personal jewelry insurance by providing 1-click insurance at point of sale, in seconds, right from a smartphone or eCommerce cart. In partnership with leading point of sale and eCommerce solutions, Zillion’s technology platform helps jewelers increase their service value to customers by enabling immediate insurance protection. Customers can now “wear their jewelry with confidence” knowing they are protected. Zillion’s insurance customers are backed by insurance giant AXA XL, rated A+ Superior by A.M. Best.

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Top Safety Devices That Can Help Drivers Pay Less on Their Car Insurance Premiums


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“Drivers that install safety devices in their vehicles will pay lower insurance rates. However, before installing any safety devices, drivers should call their insurers to check what devices are approved.” said Russell Rabichev, Marketing Director of Internet Marketing Company.

Compare-autoinsurance.org has launched a new blog post that presents several safety devices that will help drivers obtain cheaper car insurance rates.

For more info and free quotes, please visit https://compare-autoinsurance.org/safety-devices-that-lower-car-insurance-rates/

Drivers that are looking to purchase car insurance, should ensure that they will get a policy that offers lots of protection for a small price. Although for many this sounds hard to achieve, there are several methods to obtain lower premiums. For example, drivers that install several safety devices in their vehicles will pay less on their insurance.

Drivers can save car insurance money with the help of the next safety devices:


  • Rear-view cameras. Drivers that install a rear-view camera on their vehicles will be able to watch on a monitor how they back up and see if there are any obstacles behind the vehicle.
  • GPS systems. Usually, a GPS system is used to guide people to go from one location to another. However, these systems can work a little differently. Many drivers are using GPS tracking systems. These tracking devices are installed in hidden locations so that the thieves will have a hard time finding them. With the help of these systems, car owners will always know where are their vehicles. If a car fitted with such a device gets stolen, then the authorities will have no trouble recovering the vehicle. For this reason, the insurers will offer a generous discount to drivers that have GPS-based tracking systems in their vehicles.
  • Anti-theft devices. There are many aftermarket anti-theft devices that drivers can install in their vehicles. Kill switches, alarm systems, armored collars, and other anti-theft devices can help drivers pay lower insurance rates.
  • Airbags. Although airbags are a standard feature for all new vehicles, some older vehicles are not equipped with airbags. Drivers should ensure that their cars have airbags installed in order to take advantage of a discount.

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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Capstone Strategic Guides Security Service Insurance on Acquisition of Pace Insurance Managers


Capstone Strategic

“We are thrilled to continue to help Security Service Insurance grow through strategic acquisitions. With the acquisition of Pace Insurance, Security Service will enhance its member solution set while accelerating growth,” said John Dearing, Partner at Capstone.

Capstone Strategic, Inc. (Capstone) announced today that Security Service Insurance, a subsidiary of Security Service Federal Credit Union, headquartered in San Antonio, Texas, has acquired Pace Insurance Mangers. Pace, a 62-year-old agency, provides full-service insurance coverage to the forest products industry in Northern Louisiana.

Security Service Insurance provides commercial and personal insurance to members and the general public in Texas, Utah, and Colorado. The business is Security Service Federal Credit Union’s wholly owned insurance credit union service organization (CUSO). Founded in 1956, Security Service Federal Credit Union is one of the nation’s largest credit unions with more than $9.8 billion in assets and more than 803 thousand members.

“Capstone proved to be of great value in this transaction, as the entire team worked to establish in-depth understanding of our position and how this acquisition would meet our objectives. John Dearing’s skilled negotiations with the sellers’ representatives smoothed the process greatly,” said Jim Chapman, Senior Vice President at Security Service Insurance.

Serving as a third-party M&A advisor, Capstone guided Security Service as they prioritized a robust pipeline of acquisition prospects while facilitating owner meetings. “We are thrilled to continue to help Security Service Insurance grow through strategic acquisitions. With the acquisition of Pace Insurance, Security Service will enhance its member solution set while accelerating growth. We have enjoyed our partnership with Security Service’s team and are looking forward to playing a role in the next proactive expansion chapter,” said John Dearing, Partner at Capstone.

About Capstone Strategic, Inc.

Capstone Strategic, Inc. is a consulting firm located outside of Washington DC specializing in proactive, external growth strategies, primarily mergers and acquisitions for the middle market and the credit union community. Founded in 1995 by CEO David Braun, Capstone has facilitated over $1 billion of successful transactions in a wide variety of manufacturing and service industries. Capstone utilizes a proprietary process, “The Roadmap to Acquisitions,” to provide tailored services to clients in both North America and globally. Please visit Capstone’s website for more information: http://www.CapstoneStrategic.com.

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