(Image source: Service Insurance Holdings homepage.)
Service Insurance Holdings is a privately-owned and operated insurance organization comprised of Service Lloyds Insurance Company and Service American Indemnity Company. Service Lloyds originally launched in 1982 providing workers’ compensation expertise focused in Texas. The companies started writing nationally in 2015 and today provide workers’ compensation coverage throughout the U.S. through partnerships with direct retail appointments and managing general agencies (MGAs).
“In reviewing our future growth and profitability strategy for our companies, we determined we needed to partner with a company to further enhance our sophistication in data analytics,” comments Jacob Clymer, COO, Service Insurance Holdings. “We believe Cloverleaf brings the tools that will have an immediate business impact for us once implementation is complete.”
Cloverleaf offers a BI solution for property/casualty insurance company customers which provides access to real-time analytics for discovering trends and insights across the entire enterprise and enabling proactive business decisions that would not otherwise be possible. The vendor asserts that customers can jump start more informed decision-making processes, ramp up new business, and realize an immediate ROI using Cloverleaf’s intuitive interface to access up-to-the-minute trend analysis, over 100 pre-built reports, dashboards, alerts and more.
Nimble and Responsible
“The world as we know it continues to shift and change, and insurance companies must change with it,” comments Robert Clark, president, Cloverleaf Analytics. “The insights Service Lloyds gains by utilizing our solution in conjunction with reliable third-party data will help them continue to be nimble and responsible to customer needs, to launch new lines of business in new states rapidly, and to compete better than in the past. We look forward to working with our friends at Service Lloyds for many years to come.”