Without leadership commitment and tolerance for failure, insurers may perform “innovation theater” but are unlikely to be prepared when end of the next decade of change sneaks up on them.
The new bureau business is expected to enable significant reductions in the cost of transacting general insurance in the U.K. market.
The company touts a speed quote and purchase process and advances on conventional policies, such as full coverage of items policyholders are more likely to own today, and an IoT-driven loss prevention strategy.
RiskMatch will operate as a separate business unit within Vertafore, and founder and CEO Kabir Syed will join Vertafore’s executive team.
Connecting with CRM and field underwriting systems, the solution enables advisors to research and quote multiple products including life, critical illness and income protection with minimal data input.
The LifeApply and LifeSuite solutions will enable COF to modernize its entire new business process, opening up the possibility of providing BPO to other fraternal societies.
The core-to-digital suite is pre-integrated and modular, and can be installed as part of a complete transformation initiative, or implemented as standalone components.
The company reports that its rideshare insurance offering will available for Uber, Lyft and other rideshare drivers nationwide by the end of 2017.
As an associate member, Xceedance will have access to forms, manuals, bulletins, and educational materials, including direct access to, and support from, AAIS program and service staff.
Barnett most recently served as National Sales Manager of Brokerage Distribution for Lincoln Financial.