Proformex will integrate Ensight’s quoting API platform to enhance its intelligent inforce policy monitoring, which provides insurance agents and financial advisors better oversight and visibility into inforce policy contract performance.

SAN DIEGO (PRWEB)
August 12, 2020

Ensight, the leading life and annuity digital sales acceleration platform for insurance carriers, distributors and financial professionals, today announced it has partnered with Proformex, the market-leading inforce management platform. The company will integrate Ensight’s quoting API platform to enhance Proformex’s intelligent inforce policy monitoring, which provides insurance agents and financial advisors better oversight and visibility into inforce policy contract performance.

The partnership is part of Proformex’s strategy to simplify the complexity and challenges of managing inforce business at scale, while providing actionable insights for its customers. Integrating the Ensight Quoting API enables Proformex customers to evaluate potential protection options for their clients during the policy review process without ever leaving the Proformex platform. The result is a solution that saves time and enhances overall policyholder service.

“We’re excited about our partnership with Ensight,” said Mike Pepe, Founder and Chief Strategy Officer of Proformex. “The ability for our customers to access automated product quoting from Ensight directly in the Proformex platform is gamechanging to make policy reviews fast and easy for our customers. This relationship strengthens our mission of being a partner across the life insurance ecosystem while we reimagine how all policies are serviced after they’ve been sold.”

As Best Interest (BI) regulation continues to extend into the life and annuity market, ongoing policy servicing becomes increasingly important to complying with fiduciary standards. Over time, a policy’s death benefit, cash value performance and net surrender value can be negatively impacted by a range of factors. It is increasingly critical that financial professionals monitor a client’s overall policy health and, when necessary, compare the inforce policy against new potential protection options in the marketplace.

Ensight’s life insurance API provides access to the broadest number of life insurance carriers, products and product classes in the U.S. life insurance industry today. The Ensight API supports over 22 leading life carriers, 200 products, and has the ability to quote across product classes (Term, GUL, Whole, IUL, VUL) for a common case design. It is also the only API able to support platform partners seeking to meet the emerging BI requirements.

“Like Ensight, Proformex is a leading insurtech enabler helping transform a critical area of the life insurance policy lifecycle. While we focus on transforming the sales experience, from illustration design to advisor-client discussion at the point of sale, Proformex is enabling customers to securely store, manage and analyze their entire inforce book,” stated Bill Unrue, CEO, Ensight. “We are thrilled to partner with Proformex as they transition the industry from reactive to proactive inforce policy monitoring.”

About Ensight™

Ensight™ is the leading cloud-based insurance sales acceleration platform for more than 500 Life and Annuity distributors, thousands of financial professionals, as well as many of the largest North American insurance carriers. Headquartered in San Diego, California, Ensight helps drive sales growth and productivity, while addressing the entire sales lifecycle experience – from prospect to policyholder, new business to inforce.

To learn more about Ensight at http://www.ensightcloud.com.

About Proformex™

Proformex is the leading inforce management platform offering data aggregation, analytics, and portfolio monitoring for life insurance and annuities. The platform is purpose-built to help advisors, GAs/BGAs, IMOs, financial institutions, settlement companies, and broker-dealers protect their clients’ best interest and ensure regulatory compliance by monitoring individual policy performance, identifying at-risk policies, and uncovering new sales opportunities. Our automated solutions make inforce management more efficient, more profitable, and results in better experiences for policy owners.

To learn more about Proformex at https://www.proformex.com/.

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President-CEO

“We are humbled and honored to be recognized again on the Inc. 5000 list this year alongside so many amazing companies…”

ARGLYE, Texas (PRWEB)
August 12, 2020

Inc. magazine today revealed that JB Warranties has been named on its annual Inc. 5000 list, the most prestigious ranking of the nation’s fastest-growing private companies. The list represents a unique look at the most successful companies within the American economy’s most dynamic segment—its independent small businesses. Intuit, Zappos, Under Armour, Microsoft, Patagonia, and many other well-known names gained their first national exposure as honorees on the Inc. 5000.

“We are humbled and honored to be recognized again on the Inc. 5000 list this year alongside so many amazing companies. It is no small task to demonstrate continued growth at the pace required to be considered for the Inc. 5000 list and all the credit goes to our amazing employees, partners and customers. Congratulations to all of the first-time award winners and well done to those companies that have made multiple appearances on the list.” – Jeff Bohannan, President and CEO

Not only have the companies on the 2020 Inc. 5000 been very competitive within their markets, but the list as a whole shows staggering growth compared with prior lists as well. The 2020 Inc. 5000 achieved an incredible three-year average growth of over 500 percent, and a median rate of 165 percent. The Inc. 5000’s aggregate revenue was $209 billion in 2019, accounting for over 1 million jobs over the past three years.

Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at http://www.inc.com/inc5000. The top 500 companies are also being featured in the September issue of Inc., available on newsstands August 12.

“The companies on this year’s Inc. 5000 come from nearly every realm of business,” says Inc. editor-in-chief Scott Omelianuk. “From health and software to media and hospitality, the 2020 list proves that no matter the sector, incredible growth is based on the foundations of tenacity and opportunism.”

The annual Inc. 5000 event honoring the companies on the list will be held virtually from October 23 to 27, 2020. As always, speakers will include some of the greatest innovators and business leaders of our generation.

JB Warranties is the premier warranty provider in the Heating Ventilation Air Conditioning (HVAC) and plumbing industries. Our warranties ensure that homeowners are protected from unexpected repair costs when they make the decision to purchase a new heating or air conditioning system for their home. We take care of HVAC contractors and plumbers, as well as homeowners from coast to coast, in all 50 states. Our exceptional customer service and reputation in the industry has allowed us to grow steadily since our founding in 2008, and we are proud to be the Nation’s Leader in extended warranty as a result of our teamwork and dedication to our craft.

CONTACT: Brian Bohannan – 469-642-1124 – Brian@JBWarranties.com

More about Inc. and the Inc. 5000

Methodology

The 2020 Inc. 5000 is ranked according to percentage revenue growth when comparing 2016 and 2019. To qualify, companies must have been founded and generating revenue by March 31, 2016. They had to be U.S.-based, privately held, for profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2019. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2016 is $100,000; the minimum for 2019 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Companies on the Inc. 500 are featured in Inc.’s September issue. They represent the top tier of the Inc. 5000, which can be found at http://www.inc.com/inc5000.

About Inc. Media

The world’s most trusted business-media brand, Inc. offers entrepreneurs the knowledge, tools, connections, and community to build great companies. Its award-winning multiplatform content reaches more than 50 million people each month across a variety of channels including websites, newsletters, social media, podcasts, and print. Its prestigious Inc. 5000 list, produced every year since 1982, analyzes company data to recognize the fastest-growing privately held businesses in the United States. The global recognition that comes with inclusion in the 5000 gives the founders of the best businesses an opportunity to engage with an exclusive community of their peers, and the credibility that helps them drive sales and recruit talent. The associated Inc. 5000 Conference is part of a highly acclaimed portfolio of bespoke events produced by Inc. For more information, visit http://www.inc.com.

For more information on the Inc. 5000 Conference, visit http://conference.inc.com/.

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CHICAGO (PRWEB)
August 12, 2020

High Definition Vehicle Insurance (HDVI), the next-generation commercial auto insurance business, today announced it has raised $16 million in Series A funding led by 8VC and Munich Re Ventures, with additional participation from Qualcomm Ventures and Autotech Ventures. The company has made tremendous progress since its founding in 2018, and this latest round of funding cements the company’s leadership position in a market in deep need of innovation.

The creation of Chuck Wallace, a co-founder of Esurance, and Reid Spitz, a former VC investor in insurtech and logistics, HDVI is wholly focused on delivering a new commercial insurance solution that helps small and mid-size trucking fleets improve their safety, compliance, and operations. While personal auto insurance has been experiencing the benefits of digitization, commercial trucking insurance has been largely untouched by insurtech. Many factors have added stress to the commercial auto sector, but a lack of integrated telematics data within insurance products has led to skyrocketing prices for fleet operators and unprofitability for carriers. By contrast, HDVI provides fleet operators with an integrated suite of hardware, software, and services as well as a next-generation insurance product that rewards fleets and drivers for operating safely.

“Double-digit increases in insurance costs are now common in commercial trucking, making it tough for many fleets to operate profitably,” said Chuck Wallace, CEO and co-founder, HDVI. “There is a lot of technology and data available that is not being taken advantage of that can help address new risks and changing demands. Demand for our product shows there’s a clear industry need for HDVI’s much better approach, and with our investors’ proven innovation and leadership across the logistics, insurance, and mobility industries, they are the perfect partners to continue to build our company with.”

HDVI will use the funding to scale company growth and expand its product offering to further meet increasing market demand. Specifically, this includes expanding the team, launching into new states, and building additional technology features for agents, fleets, and drivers.

Trucking is a key industry for the US economy, with truck driving jobs being the most common job in 30 out of 50 states. But for insurers, a number of factors including increased mobile phone usage, poor first notice of loss reporting times, and increased jury awards make it difficult to provide fleets with insurance that is both cost-effective and adds additional value. HDVI focuses on arming fleets with a new solution that makes use of high-quality telematics and an integrated suite of software and services to deliver greater protection and service than traditional insurers can offer — at the same or better price.

“Trucking fleets need better insurance coverage and tools that can help prevent incidents from happening in the first place, ” said Jake Medwell, Founding Partner, 8VC. “Taking a technology-driven approach to protection, HDVI empowers fleet owners to gain control over their operations and regain confidence that their business and their employees will remain safe. We have great confidence in this market and that HDVI’s team are the lead innovators.”

“The powerful combination of the HDVI team, investors, and partners helps position HDVI to become a leading provider of commercial trucking services and insurance by transforming the traditional offering and creating unique value and opportunities,” said Amir Kabir, Principal, Munich Re Ventures. “We’re excited to join HDVI on their journey and to help them build on their impressive accomplishments over the past two and a half years.”

Prior to co-founding HDVI, CEO Chuck Wallace co-founded Esurance in 1999 and helped to build the company through the dot-com crash and significant growth for 8 years, with Esurance ultimately being acquired by Allstate for approximately $1 billion in 2011. HDVI co-founder and Head of Operations Reid Spitz was at 8VC, where he was involved with the firm’s insurtech, and freight and logistics tech practices. 8VC was more than happy to continue the relationship with Reid after he decided to pursue entrepreneurship.

About HDVI

HDVI is the next-generation commercial auto insurance business. The company provides commercial fleets with an innovative, flexible insurance product alongside powerful, easy-to-use tools to help them improve safety, compliance, and profitability. HDVI is headquartered in Chicago, Illinois, with additional offices in Greenville, South Carolina and San Francisco, California. For more information, visit http://www.gohdvi.com.

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COVID Insurance for Hashcash employees

The employees are our most valuable assets, and their well-being comes first. Given the present COVID situation, we felt it was of utmost importance to modify our existing health benefits and insurance schemes for the employees.

PALO ALTO, Calif. (PRWEB)
August 12, 2020

After enabling long-term remote working for its employees, HashCash Consultants is working on modifying their internal employee benefits policies in the wake of COVID-19. The USA based leading blockchain development company is going to launch a new employee benefits program that will cover a refurbished version of the old health benefits and insurance coverage, putting COVID-19 into the mix along with multiple other aspects concerning the physical and mental health of the employees.

Ever since the pandemic started spreading across the world and with the government initiating lockdown in the US and other countries, HashCash has been prioritizing the health and well-being of the employees above all. It was one of the first companies to announce work from home till 2021 for its employees operating from multiple geographies including, the USA, UAE, Singapore, Australia, and India.

“The employees are our most valuable assets, and their well-being comes first. Given the present COVID situation, we felt it was of utmost importance to modify our existing health benefits and insurance schemes for the employees. It’s been a while since our HR team has been working on it, collaborating with leading healthcare and insurance providers, and formulating futuristic policies. We will soon launch the new employee benefits program that will not only cover the medical insurance and healthcare clauses but other care-giving attributes as well”, commented Raj Chowdhury, CEO, HashCash Consultants.

HashCash Consultants has a global workforce of 1200+ people hailing from the physical office locations as well as the ones engaged with the partnership program in Africa, the UK, and other countries. For each employee to enjoy the benefits of the new program, the company is collaborating with regional insurance and healthcare providers to make the program more flexible.

There have been ongoing changes within the HashCash’s employee policy throughout the pandemic months. The company has been conducting regular psychological counseling, team building, and life coaching sessions keeping the mental health of the employees in mind. According to company sources, the new employee benefits program will include an online doctor on call facility, virtual fitness sessions, nutritionist consultation, and likewise. There will be a significant modification in medical leave and benefits policies. The company has already put into effect the advance salary option, which will be included within the new program as well.

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  About HashCash Consultants:

HashCash is a global software company offering solutions in Blockchain, AI, Big Data, and IoT through its platforms, products & services. HashCash Blockchain products enable enterprises to move assets across borders in real-time for Remittances, Trade Finance, Payment Processing, and more. HashCash runs US-based digital asset exchange, PayBito & Digital asset payment processor, BillBitcoins. HashCash offers crypto exchange solutions, Payment processor software, ICO services, and customized Blockchain use case development. It propels advancement in technology through Blockchain1o1 programs and its investment arm, Satoshi Angels. HashCash solves the toughest challenges by executing innovative digital transformation strategies for clients around the world.

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