Parento Launches Parental Leave Insurance on Joshu Platform

The provider of paid maternity and paternity leave products went from contract signing to go-live nationwide in under 100 days.

(Image source: Parento webpage.)

Parento (Pelham, N.Y.), a provider of paid maternity and paternity leave products, has launched parental leave insurance on the Joshu Platform (Menlo Park, Calif.).

Dirk Doebler, founder and CEO, Parento.

“As Parento transitioned from a broker to a managing general agent, we needed a modern technology solution that positioned us to get to market fast today, but robust enough to handle our anticipated growth,” comments Dirk Doebler, founder and CEO, Parento. “From signing the contract with Joshu, we were able to launch our parental leave insurance product nationwide in under three months and are now positioned to competitively advance our market position.”

Rapid Introduction to Market

Roy Mill, Co-Founder and CEO, Joshu.

Joshu describes its platform as purpose-built to empower insurance product owners and enable the rapid introduction of new programs to market. Using the platform, insurance companies can seamlessly transition from product creation to policy issuance on a single platform, embrace digital growth, uphold rigorous underwriting standards, and capture new markets, the vendor says.

“What makes Parento so special is the type of product they offer,” comments Roy Mill, co-founder and CEO, Joshu. “Raising a family with two working parents in America, I know the importance of stable parental leave policies on a family’s well-being. We are proud to be part of Parento’s journey to expand the protection young families get across the U.S. Dirk and team have been tremendous partners with their focus, hard work, and collaboration.”

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Anthony R. O’Donnell // Anthony O'Donnell is Executive Editor of Insurance Innovation Reporter. For nearly two decades, he has been an observer and commentator on the use of information technology in the insurance industry, following industry trends and writing about the use of IT across all sectors of the insurance industry. He can be reached at AnthODonnell@IIReporter.com or (503) 936-2803.

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