“Insurance companies use multiple factors when they calculate rates. It’s all about risk and insurance companies what to know if they will provide coverage to a safe driver or not”, said Russell Rabichev, Marketing Director of Internet Marketing Company.

LOS ANGELES (PRWEB)
November 10, 2020

When determining a person’s risk profile and its associated rates, insurance companies analyze multiple demographic, social, geographic and economic factors. They all tell more about the probability of making a claim or being involved in an accident in the nearby future. Some factors measure a client’s creditworthiness. Find out more and get free car insurance quotes from . https://compare-autoinsurance.org

The main factors that impact car insurance costs:

• 
  ZIP code. Besides the state’s laws and geo-economic profile of a region, the risk profile is determined on the neighborhood level. When we talk about larger cities or metropolitan areas, certain neighborhoods are more dangerous than others. High criminality and ongoing gang wars, riots and vandalism will surely affect the rates. Furthermore, the cost of repairing a car in a certain area or road conditions and population density will also count in.
• Driving record. Is a top influential factor and companies will thoroughly analyze it before issuing any policy. The insurance companies will analyze both the number of accidents involving a person and his number of claims in recent years.
• Car model. The model of the car is another crucial factor and drivers must provide correct data and show papers when asked. Insurance companies will analyze statistics to check the accident frequency for that particular model, car theft frequency, and if there are any known problems with it. Medium-sized family cars are cheaper to insure and are considered safer. Sports cars or customized cars are pricier to insure. The safety rating is also an important factor.
• Marital status. Married people pay less on car insurance when compared with their single counterparts.
• Coverage gaps. Having insurance gaps is heavily penalized by all insurers. A new client that has coverage gaps is not considered trustworthy and will be charged more. Before changing to a new company, make sure to synchronize the start of the new policy with the end of the current one.
• Credit score. Persons with a poor credit score are seen as unreliable and are expected not to manage premium payments well. This is the main reason why persons with poor FICO score are considered high-risk.

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 https://compare-autoinsurance.org

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The capital raise places Venminder in an excellent position to continue its path of expansion, as we address the complex and evolving challenges our customers and prospects face when managing vendor relationships.

ELIZABETHTOWN, Ky. (PRWEB)
November 10, 2020

Venminder, a leading innovator in third-party risk management solutions, today announced that it has raised a $33 million Series C funding round led by new investor Silversmith Capital Partners, with participation from existing major institutional investors, Bain Capital Ventures and MissionOG. The company plans to use the proceeds of the capital raise to propel forward feature development from its product roadmap, capture additional share in core verticals and expand further into new markets.

The investment follows Venminder’s continued track record of rapid growth, with the Company adding its 800th customer earlier this year and nearly tripling its revenue over the past 3 years. Demand for Venminder’s differentiated vendor risk management solutions has continued to increase through 2020, as the COVID-19 pandemic has heightened awareness of the importance of partnering with vendors that can verifiably provide a safe and secure environment for their customers and customer data.

“Closing a significant Series C round, during these uncertain times, further validates Venminder’s unique approach to managing third-party risk,” said James Hyde, CEO of Venminder. “We combine a comprehensive SaaS platform built with the capabilities to drive an entire third-party risk management program, with experienced in-house thought leaders, who can identify and assess the risk of vendor data by providing key oversight analytics and insights. The capital raise places Venminder in an excellent position to continue its path of expansion, as we address the complex and evolving challenges our customers and prospects face when managing vendor relationships. With this investment round, we are also very excited to bring on a new partner in Silversmith Capital Partners and welcome their co-founder Todd MacLean as a new Venminder board member, both of which have deep-rooted knowledge and networks across the technology industry and within our vertical end markets that will help facilitate our continued growth.”

Founded by Dana Bowers, a serial entrepreneur who also founded iPay Technologies, Venminder’s purpose-built SaaS-based software platform is configurable and designed for growth and scale, flexibly serving customers ranging from small businesses to Fortune 500 companies. The platform is a unique solution for organizations seeking to build a comprehensive, end-to-end view of the risks their vendors may pose, enabling them to seamlessly track, automate, assess and report on all vendor activity in a centralized information repository. As part of its continued platform development efforts, Venminder also launched the Venminder Exchange earlier this year, an unparalleled marketplace providing professionals a fast and efficient way to search and preview vendor risk assessments completed by qualified professionals, such as CISSPs, CPAs, and other thought leaders, in one easy-to-use, centralized location.

“We are really excited to partner with James, Dana and the entire Venminder team,” said Todd MacLean, managing partner, Silversmith Capital Partners. “At Silversmith, we strive to be thesis-driven in our approach and the case for reducing the risk associated with today’s extended enterprise is compelling. Even more so, however, our decisions are ultimately driven by management teams, and the ability to partner – again – with the team that built iPay into such a success is one we feel extremely fortunate to have.”

For more information on Venminder, visit http://www.venminder.com

About Venminder

Venminder offers a world-class SaaS platform that guides and streamlines third-party risk management. The Company is widely recognized for its solutions across all industries with most recently receiving the highest scores in 2 of 3 use cases in the Gartner Critical Capabilities for IT Vendor Risk Management Tools Report 2020. Venminder’s platform helps users collaborate on all things vendor-related and guides through critical processes such as oversight management, contract management, risk assessments, due diligence requirements, questionnaires, SLA management, vendor onboarding and more. Robust and configurable reporting can be generated from the tool to give clear visibility into the management and ongoing monitoring of third parties. Completed vendor risk assessments can be found in the Venminder Exchange and include thorough assessments of a vendor’s information security, SOC reports, contracts, financials, business continuity/disaster recovery and more. Venminder also powers Third Party ThinkTank, an online free community dedicated to third-party risk professionals. For more information, visit http://www.venminder.com.

About Silversmith Capital Partners

Founded in 2015, Silversmith Capital Partners is a Boston-based growth equity firm with $2.0 billion of capital under management. Silversmith’s mission is to partner with and support the best entrepreneurs in growing, profitable technology and healthcare companies. Representative investments include ActiveCampaign, Appfire, Centauri Health Solutions, DistroKid, Impact, LifeStance Health, MediQuant, Panalgo, Unily, Validity, and Webflow. The partners have over 75 years of collective investing experience and have served on the boards of numerous successful growth companies including ABILITY Network, Archer Technologies, Dealer.com, Liazon, Liberty Dialysis, MedHOK, Net Health, Passport Health, SurveyMonkey, and Wrike. For more information about Silversmith, please visit http://www.silversmithcapital.com.

About Bain Capital Ventures

Bain Capital Ventures partners with disruptive founders to accelerate their ideas to market. The firm invests from seed to growth in startups driving transformation across industries, from SaaS, infrastructure software and security to fintech and healthcare to commerce and consumer tech. The firm has helped launch and commercialize more than 240 companies, including DocuSign, Jet.com, Kiva Systems, Lime, LinkedIn, Rapid7, Redis Labs, Rent the Runway, Rubrik, SendGrid and SurveyMonkey. Bain Capital Ventures has $5.2 billion in assets under management with offices in San Francisco, New York, Boston and Palo Alto. Follow the firm via LinkedIn and Twitter.

About MissionOG

MissionOG partners with high-growth businesses that have proven models in segments where we have had success as operators and investors, including financial services and payments, data platforms, and software. We apply our experience and capabilities to a group of highly skilled and passionate entrepreneurs whose businesses are on the cusp of exponential growth. Headquartered in Philadelphia, the firm is managed by operators and investors who have effectively built early to growth stage businesses and guided them through successful acquisitions. For more information visit http://www.missionog.com.

Life.io is an InsurTech100 Company

PRINCETON, N.J. (PRWEB)
November 10, 2020

Life.io, a leading customer engagement technology firm and independent subsidiary of SE2, was recognized by FinTech Global as an InsurTech100 Company for 2020. InsurTech100 is an annual list of 100 of the world’s most innovative InsurTech companies selected from thousands by a panel of industry experts and analysts. The top 100 are chosen based on how insurers are using their technology to solve major industry problems through cost cutting or improving efficiencies across the value chain.

Jon Cooper, Co-Founder and CEO of Life.io notes, “We are thrilled to be named an InsurTech100 company for 2020. The need to communicate with customers today is more important than ever and it’s no exception in the insurance industry. Insurers are fast tracking their digital transformation strategies and Life.io helps them scale quickly and efficiently.”

Life.io’s enterprise solution suite includes Life.ioGrow™, Life.ioEngage™ and Life.ioEmpower™. Grow, which is garnering attention from many carriers, offers an integrated quote, needs analysis, e-app and advisor dashboard. Its state-of-the-art user experience helps improve funnel metrics and reduce friction for clients and advisors. Powered by SE2 Aurum®, Empower provides policyholders a unified digital self-service experience across any policy admin system. Life.io’s flagship product, Engage, a digital customer engagement platform, helps companies educate, engage and reward their customers at every stage of the customer journey.

Life.io’s solution suite integrates powerful engagement across the client lifecycle to reduce friction, convert sales, and optimize results. To learn more about Life.io’s capabilities please visit https://life.io

About Life.io:

Life.io is a leading customer engagement technology firm that helps companies accelerate the development of their end-to-end digital client experience with the Life.io solution suite. Our state-of-the-art digital suite integrates powerful engagement across the client lifecycle to reduce friction, convert sales, and optimize results. A pioneering insurtech for over five years, Life.io is led by its original co-founders and headquartered in Princeton, NJ. Life.io is a subsidiary of SE2, an Eldridge business. To learn more, please visit https://life.io

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“There are multiple ways for you to save money on car insurance. Check our website for more tips and free quotes”, said Russell Rabichev, Marketing Director of Internet Marketing Company.

LOS ANGELES (PRWEB)
November 09, 2020

Compare-autoinsurance.org has launched a new blog post that presents several tips for drivers that want to pay lower car insurance rates.

For more info and free car insurance quotes online, visit https://compare-autoinsurance.org/tips-on-lowering-car-insurance-costs/

Car insurance is getting more expensive with each year that passes. In order to keep the car insurance costs under control, or even lower them, drivers can follow the next tips:

• 
  Adjust the deductibles. Drivers can lower their premiums by agreeing to pay more money out of their pockets if they have to make a claim. However, make sure to have the agreed sum available anytime.
• Apply for a low mileage discount. One important factor that insurance companies take into account when they determine an insurance premium is how much the car is driven. Retired persons, people who work from home or mainly use mass public transportation should check if they are eligible for a low-mileage discount.
• Consider dropping full coverage for old cars. When a car hits a certain age, keeping full coverage will make the insured overpay. The value of a vehicle is constantly decreasing with each year that passes. Usually, when a car is 10 years or older, its market value has sufficiently decreased to make full coverage useless.
• Combine policies under the same carrier. Drivers can qualify for significant discounts if they combine homeowner insurance with car insurance at the same insurance company.
• Consider usage-based insurance. Drivers should consider allowing a small telematics device to be installed in their vehicles. If a driver has good driving habits, he will be rewarded with consistent discounts.
• Check discounts. Policyholders should ask their insurance agents if they are eligible for additional discounts, like good driver discount, no-claim discount, loyalty discount, and many other types of discounts.

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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“The cybersecurity needs of community banks remain highly underserved, primarily because many insurance brokers either don’t understand the inherent complexities or try to overstate their capabilities,” said Mark Flippen, managing director of NFP’s Financial Institutions Group.

NEW YORK (PRWEB)
November 09, 2020

NFP, a leading insurance broker and consultant providing employee benefits, property and casualty, retirement, and individual solutions, today announced a partnership with Axio Global Inc. (Axio). This partnership advances NFP’s ability to help buyers of insurance at community banks gain a clearer understanding of their cybersecurity risks, navigate the complexities of these risks and identify insurance solutions that respond to cyber losses. Together with NFP’s existing cyber brokerage expertise, NFP and Axio can now deliver a simple and effective solution that represents meaningful value in overcoming dynamic IT challenges.

The Axio360 QuickQuant platform uses real life cyber events to simulate how insurance policies would respond and how losses could affect the bank’s earnings and balance sheet. If a bank is purchasing insurance to hedge risk exposures, the platform shows how their key policies may perform and identifies opportunities to proactively address gaps. The platform also allows banks to benchmark their insurance program limits against a client portfolio of over 200+ banks, providing a road map for strategy refinement.

“Cyber risk remains a significant challenge and requires that we evaluate our clients’ overall exposures from a first- and third-party perspective,” said Akhil Chopra, managing director and head of NFP’s cyber and network security practice. “Axio360 QuickQuant aids in this process by stress testing existing policies and analyzing peer group data to help us create tailor-made insurance solutions. Preparation is critical and we are excited to be working with Axio to enhance our ability to prepare our insureds for potential cyber events.”

“The cybersecurity needs of community banks remain highly underserved, primarily because many insurance brokers either don’t understand the inherent complexities or try to overstate their capabilities,” said Mark Flippen, managing director of NFP’s Financial Institutions Group. “We have the expertise to address the fundamental queries buyers have, helping community bank leaders to understand their cyber risks, decipher what it is they’re actually buying and fix any gaps in their existing coverage. Our value is driven by specialized technical advice and exceptional ongoing service, and the Axio360 QuickQuant platform complements this value in ways that will benefit our community bank clients.”    

“Through this platform, we’re elevating value with clear and actionable insight, which is especially relevant for a market segment like community banking,” said Scott Kannry, CEO of Axio. “Most other solutions churn out pages and pages of technical data that leave risk managers wondering whether their insurance portfolio is sufficient. We’re able to provide a very clear view on how a community bank’s cyber, crime, bond and property policies are positioned to respond to the most important types of cyber losses they can face.”

About Axio Global Inc.

Axio knows impenetrability is impossible — but cyber resilience is within reach. Our technology and services help clients ensure that they understand their exposure, manage it effectively, and are equipped to financially recover. Axio delivers the industry’s only true cyber resilience optimization solution that looks at IT security and financial controls/insurance to create an integrated, holistic technology and financial risk solution that can evolve with each client as the risk landscape shifts.

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 5,700 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 12th largest global insurance broker (Best’s Review).

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

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Dave Poms, founder and president of Poms & Associates

LOS ANGELES (PRWEB)
November 09, 2020

Poms & Associates, an independent, full-service insurance brokerage and risk management firm, announced today that its founder and president Dave Poms has been inducted into Insurance Business America’s (IBA) Hall of Fame as part of its 2020 class. IBA’s newest class of Hall of Fame inductees includes 26 stewards of the industry who have dedicated their careers to insurance – and continue to impact its future trajectory.

“The insurance industry, at its core, is about people – a fact that has never been more apparent that this year, in the middle of a global pandemic that has tested every area of the industry,” write IBA editors in its 2020 Hall of Fame special report. “The 26 insurance professionals who make up IBA’s fourth annual Hall of Fame have tirelessly given their time and expertise to the industry for more than 35 years; along the way, they’ve improved the lives of countless insureds and have leveled the playing field for the colleagues who came after them.”

Over his 38-year career, Poms has been a driving force behind the creation of many public entity pools in the western U.S., including the New Mexico Public Schools Insurance Authority (NMPSIA), which helps New Mexico’s school system provide unique coverages that are not commercially available in the insurance market.

Poms’ work with public entities goes back to the mid-1980s when insurers started to retreat from the public entity marketplace. This exodus followed the erosion of sovereign immunity – a protection for public entities under the Eleventh Amendment of the U.S. Constitution, granting that “a state may not be sued without its consent.” Without sovereign immunity, the number of lawsuits involving public entities started to rise and insurers were on the hook to pay large settlements. The insurance industry struggled to rate this new exposure adequately and many exited the market. Since then, Poms’ focus on serving public entities has been to stay on top of any new exposures that come to the forefront and manage those exposures through a combination of innovative approaches to loss control and the broadest insurance coverage available.

Poms founded Poms & Associates in 1991 based on the premise that knowledge is the best insurance – that the best way to help businesses and organizations is to serve not only as an insurance broker but also as an educator about best practices in how to reduce risk and prevent loss before an incident occurs. With a company-wide emphasis on education, Poms & Associates today is among the top 50 privately held brokerage firms in the U.S. with six branch offices in three states. The company has been repeatedly recognized as one of the “Top Insurance Workplaces” by Insurance Business America magazine.

For more information about Poms & Associates, visit https://pomsassoc.com/.

About Poms & Associates

Poms & Associates is a leading independent, full-service insurance brokerage and risk management firm with a proven track record of providing innovative and customized solutions to businesses in high-risk industries. Founded in 1991, the company was built on the premise that knowledge is the best insurance – that is, the best way to help businesses and organizations is to serve not only as an insurance broker but also as an educator about best practices in how to reduce risk and prevent loss before an incident occurs. Poms & Associates today offers a wide range of products and services, including property and casualty insurance for commercial organizations and public entities, risk control, human resources and employee benefits and private services for high net-worth individuals. Among the top 50 independent brokerage firms in the U.S., Poms & Associates is headquartered in Woodland Hills, Calf. It maintains branch offices in Los Angeles, Sacramento, Calif., the San Francisco Bay Area, Albuquerque, N.M. and Dayton, Ohio. For more information, visit https://pomsassoc.com/ and follow on Twitter @Poms_Associates.

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