East Windsor, CT (January 31, 2023) – Insuritas announces it has been hired by Greater Iowa Credit Union, Ames, IA to install its award-winning full-service digital insurance agency platform. The insurance agent will be owned by the Credit Union, embedded inside the Credit Union’s ecosystem, and will be engineered to offer a full-service insurance agency solution to their retail and commercial members. Through the partnership, Greater Iowa Credit Union will be able to offer its members the critical personal insurance and commercial insurance products they purchase every year while deepening wallet share and building an important source of annuitizing non-interest income.

“We’re delighted to partner with Greater Iowa Credit Union to provide a full-service, digitally powered insurance agency to their customers in the growing Iowa market,” said Insuritas Chairman and CEO Jeffrey Chesky. “Through our embedded insurance agency as a service, the credit union will now be able to provide simple, seamless access to competitive options for their members’ insurance needs, all with a focus on delivering the right coverages at the right price at the right time.”

Insuritas EVP, Chief Marketing Officer Donna Jermer added, “With our proprietary technology platform, we are able to leverage data-driven automation to maximize conversion rates with customers. Insuritas’ digital insurance assistant, Lily, is finely tuned to identify consumers as they are in-market for insurance, automatically reaching out on their preferred communication channel on behalf of the agency. This automation reinforces the bank’s existing relationship with the customer to expand their financial services footprint to include all their insurance needs.”

The agency will feature a variety of insurance services, including a myriad of commercial insurance products, as well as personal insurance products such as home, renter’s, auto, pet, identity theft, and travel insurance. Insuritas partners with more than 40 carriers to ensure appropriate coverage at a competitive price. The agency is scheduled to open this summer.

About Insuritas

Insurita’s mission is to connect people to the insurance products they need through a seamless, transparent shopping experience where carriers compete to provide them with the right coverage at the right price. The Insuritas ‘Embedded Agency as a Service’ platform is installed across a network of financial institution partners serving over 11 million customers nationally, empowering financial institutions to leverage proprietary data-mining techniques and integrations with a broad array of insurance carriers to make highly personalized, digitally optimized insurance offers to their depositors, all within their brand. These strategies help further their commitment to the financial well-being of their customers while driving a critical source of non-interest income for their institution. For more information, visit www.insuritas.com.

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East Windsor, CT (January 24, 2023) – Insuritas announces it has been hired by Core Bank, Omaha, NE to install its award-winning full-service digital insurance agency platform. The insurance agency will be owned by the Bank, embedded inside the Bank’s ecosystem, and will be engineered to offer a full-service insurance agency solution to their retail and commercial customers. Through the partnership, Core Bank will be able to offer its customers the critical commercial insurance and personal insurance products they purchase every year while deepening wallet share and building an important source of annuitizing non-interest income.

“We’re delighted to partner with Core Bank to provide a full-service, digitally powered insurance agency to their customers in the growing Nebraska market,” said Insuritas Chairman and CEO Jeffrey Chesky. “Through our embedded insurance agency as a service, the bank will now be able to provide simple, seamless access to competitive options for their customers’ insurance needs, all with a focus on delivering the right coverages at the right price at the right time.”

Insuritas EVP, Chief Marketing Officer Donna Jermer added, “With our proprietary technology platform, we are able to leverage data-driven automation to maximize conversion rates with customers. Insuritas’ digital insurance assistant, Lily, is finely tuned to identify consumers as they are in-market for insurance, automatically reaching out on their preferred communication channel on behalf of the agency. This automation reinforces the bank’s existing relationship with the customer to expand their financial services footprint to include all their insurance needs.”

The agency will feature a variety of insurance services, including a myriad of commercial insurance products, as well as personal insurance products such as home, renter’s, auto, pet, identity theft, and travel insurance. Insuritas partners with more than 40 carriers to ensure appropriate coverage at a competitive price. The agency is scheduled to open this summer.

About Insuritas

Insurita’s mission is to connect people to the insurance products they need through a seamless, transparent shopping experience where carriers compete to provide them with the right coverage at the right price. The Insuritas ‘Embedded Agency as a Service’ platform is installed across a network of financial institution partners serving over 11 million customers nationally, empowering financial institutions to leverage proprietary data-mining techniques and integrations with a broad array of insurance carriers to make highly personalized, digitally optimized insurance offers to their depositors, all within their brand. These strategies help further their commitment to the financial well-being of their customers while driving a critical source of non-interest income for their institution. For more information, visit www.insuritas.com.

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Jeff Chesky, CEO at Insuritas noted; “This is simply a record-shattering accomplishment that over 75% of a bank’s commercial customers that were offered business insurance quotes, purchased. It’s a powerful  confirmation that a bank is perfectly positioned to play the critical role of trusted insurance advisor to their business customers for the insurance purchases that 100% of their commercial customers have to buy every year.”

Chesky continued, “Business owners are looking for trusted advisors to shop and buy their business insurance. Financial institutions are rapidly emerging as the platform of choice where their customers can shop, compare, buy and renew their commercial insurance policies.”

52% OF ALL CBTX BANK CUSTOMERS WHO GOT A QUOTE FOR AUTO/HOME/COMMERCIAL INSURANCE PURCHASED IN Q3 2022

Chesky noted – “This OVERALL result is also record-breaking. With the help of the Insuritas Digital Agent, Lily, and supported by our live agent team, 44% of auto and home insurance shoppers at CBTX’s Digital Insurance Agency chose to buy a policy. And coupled with the results above for commercial insurance sales, 52% of all CBTX customers who got a quote bought. This is the highest rate of Agency Customer Acquisition that we’ve seen –  another affirmation that a digital agency embedded inside a bank is trusted for ALL of a customer’s insurance needs.”

Chesky detailed the data behind the record-breaking CBTX results. In Q3 2022, 137 Commercial customers visited the CBTX digital agency, of which 55 customers received quotes and 42 customers purchased. This results in a 76% quote-to-close rate. During the same period, 183 retail bank customers visited the digital agency, of which 146 received quotes and 64 purchased, equating to a 44% quote-to-close rate. In total for Q3 2022, of the 320 CBTX customers visited the bank’s digital agency, 202 received quotes and 106 purchased – for a bank-wide 52% quote-to-close rate. Chesky also credited Lily, the Insuritas Virtual agent, who is finely tuned to “check in” on customers when they are most likely to be in-market for insurance by incorporating predictive analytics and first-party customer data such as upcoming expiration dates on insurance policies, loan approval information, and high purchase intent qualifiers.

About Insuritas

Insuritas’ mission is to connect people to the insurance products they need through a seamless, transparent shopping experience in which carriers compete to provide them with the right coverage at the right price. Leveraging proprietary data-mining techniques and integrations, Insuritas offers a vast network of solutions to empower partners to operate their own labeled, full-service insurance agency. With Insuritas’ data solutions, partners can generate expanded wallet share, increased retention, and recurring non-interest revenue. For more information, visit www.insuritas.com.

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Treads Insurance is a full-service digital insurance agency platform that embeds a full suite of insurance products & coverages within the Treads experience. Treads uses Bundle’s APIs to embed insurance offerings directly within the Treads mobile app, using subscriber information that is already available. Through this embedded experience Treads Insurance sees 82% of their quotes coming directly from inside the app. This is a true testament to the influence ad placements and API integrations in retail apps can have in driving lead volume.

Treads is the first Tire subscription service in the United States. Treads offers the most comprehensive end to end tire coverage providing subscribers new tires for life, including new tire replacements, tire repairs, full roadside assistance and even mobile tire installations and rotations.  Thanks to a transparent monthly fee, the subscriber knows exactly how much to budget to keep their car safely on the road with a complete peace of mind.

Zach Olson, the Founder and CEO of Treads noted; “The Treads tire subscription service is designed to promote safety, affordability and peace of mind for car owners.   We know that every car needs safe tires, and every driver needs the right insurance coverage at the right price. With Insuritas we have launched Treads Insurance Agency, a fully white-labeled embedded agency solution to offer our subscribers free, no obligation insurance quotes from the nation’s leading insurance carriers, furthering our commitment to help our subscribers keep their cars safely on the road with complete peace of mind.”

The agency includes more than 40 carrier partners and will offer products including auto, home, renter’s, commercial, pet, identity theft, and travel insurance.

“We’re delighted to announce our relationship with Zach and the team at Treads. Treads is our first SaaS platform partner, and we are proud to have earned the opportunity to build and run a full service, digitally powered insurance agency for Treads and their customers,” said Insuritas President Jeff Chesky. “Through our relationship, Treads will now be able to provide simple, seamless access to competitive options for their customers’ insurance needs, all with a focus on delivering the right coverages at the right price at the right time.”

Bundle features a virtual insurance agent powered by Artificial Intelligence and predictive analytics that is engineered to include a full service ‘online to offline’ insurance shopping experience with licensed professional agents, along with rapidly emerging bind online capabilities. To learn more about BUNDLE, visit: BUNDLESolution.com

About Treads 

About Treads

Treads is a simple monthly subscription for your vehicle’s tires starting at $30/month. We are focused on redesigning the tire purchasing and maintenance experience to make car ownership more enjoyable while creating safer roads for everyone.

Learn more at https://get.treads.app/subscribe.

Connect with Treads: Facebook | Instagram

About Insuritas

The Insuritas mission is to connect people to the insurance products they need through a seamless, transparent shopping experience where carriers compete to provide them with the right coverage at the right price. The Insuritas meta-agency platform, deployed across a network of partners serving over 11M customers nationally, empowers financial institutions to leverage proprietary data-mining techniques and integrations with a broad array of insurance carriers to make highly personalized, digitally optimized insurance offers to their depositors, all within their brand. These strategies help further their commitment to the financial well-being of their customers, while driving a critical source of non-interest income for their institution. For more information, visit www.insuritas.com.

Matt Chesky, President at Insuritas noted; “This is a rare accomplishment when over 70% of members offered auto or home insurance quotes, purchased.  It’s a powerful confirmation that a credit union or bank can play the critical role of trusted insurance advisor to their customers for insurance purchases that 100% of their customers have to make every year.

Chesky continued that consumers are looking for trusted platforms to shop and buy insurance. Financial institutions are rapidly emerging as the platform of choice where their customers can shop, compare, buy, and renew the insurance policies they need to protect themselves, their loved ones, and their most important assets.

24% OF MEMBERS WHO BOUGHT AN INSURANCE POLICY ALSO PURCHASED ADDITIONAL POLICIES AT THE SAME TIME

Chesky noted – “This ‘cross-sell’ result is record breaking.” With the help of the Insuritas Digital Agent, Lily, and supported by our live licensed agent team, a record breaking 21% of insurance buyers at Tucson Federal Insurance Agency chose to buy multiple policies at the same time. Chesky noted; “This is the highest rate of ‘bundling’ that we’ve seen –  another affirmation that a digital agency embedded inside a credit union or bank is trusted for ALL of a consumer’s insurance needs.” Chesky gave credit to the newly launched digital agent Lily, who is often used by the customer to initiate the shopping process.

Chesky noted that Lily is finely tuned to “check in” on customers when they are most likely to be in-market for insurance by incorporating predictive analytics and first-party customer data such as upcoming expiration dates on insurance policies, loan approval information, and high purchase intent qualifiers.

Ultimately, Lily’s use of technology in predicting customer demands aids in driving additional insurance sales and is not just an integral part of Insuritas’ growth strategy as an organization, but also provides significant recurring revenue with no balance sheet risk for its core client base of financial institutions nationwide.

Insuritas continues to develop and expand on Lily’s capabilities in supporting customers with their insurance coverage needs. With customers embracing the additional interaction touchpoints and engaging with the digital assistant regularly to fulfill their insurance demands, it appears Lily is here to stay.

About Insuritas

Insuritas’ mission is to connect people to the insurance products they need through a seamless, transparent shopping experience in which carriers compete to provide them with the right coverage at the right price. Leveraging proprietary data-mining techniques and integrations, Insuritas offers a vast network of solutions to empower partners to operate their own labeled, full-service insurance agency. With Insuritas’ data solutions, partners can generate expanded wallet share, increased retention, and recurring non-interest revenue. For more information, visit www.insuritas.com.

“Piedmont Federal is always seeking opportunities to benefit our customers,” said David P. Barksdale, Piedmont Federal Chief Executive Officer. “Partnering with Community Insurance Services and Insuritas provides those looking for insurance a convenient and secure way to find the right coverage for the right price. We’re excited to offer this service as a tool to help our customers on a personal and business level, achieve their short and long-term financial goals.”

The insurance agency will offer more than 40 carrier partners and will offer products including auto, home, business, pet, travel and more. “We’re delighted to announce our relationship with Piedmont Federal Savings Bank and are proud to have earned the opportunity to build, launch, and manage a full-service, digitally powered insurance agency for the bank and its customers,” said Insuritas Chairman and CEO Jeffrey Chesky. “Through our unique partnership with the NCBA, the bank will now be able to provide simple and seamless access to competitive options for their customers’ insurance needs, all with a focus on delivering the right coverages at the right price and time.”

“Building recurring fee income as a result of helping customers and expanding their wallet share will be increasingly important to our community banks,” said Peter Gwaltney, President and CEO of the NCBA. “This innovative partnership between the NCBA and Insuritas continues to allow our community bank members to provide a full-service insurance agency platform without the traditional capital, execution and reputation risks of buying or building a local agency.”

About Piedmont Federal Savings Bank

At Piedmont Federal, our Purpose is simple – We Open Doors for You. We open doors for you to purchase a new home and to build savings; we open doors for your business to obtain the financing and banking services it needs; we open door for our communities to be better places to live. Our Values form the foundation of this Purpose: Being Authentic, Building Caring Relationships, Doing What’s Right, Going All In, and Moving Forward. These Values guide how we do business, and we believe they are our competitive advantage. We pledge to live these Values in our service to you.

About the North Carolina Bankers Association
The North Carolina Bankers Association brings together all categories of banking institutions that best represent the interests of our rapidly changing state. Proudly serving North Carolina’s banking industry since 1897, the NCBA is the professional trade organization providing advocacy, leadership, and support for its dynamic membership base. The Association has three subsidiaries, Centrant Community Capital, Community Bank Services (CBS) and Community Insurance Services (CIS). Centrant Community Capital provides permanent debt financing for workforce apartment communities and housing in several states. CBS offers insurance and employee benefit products, as well as other services to the Association’s members and publishes a quarterly magazine, Carolina Banker. CIS has been created to remove barriers that will enable our community banks to provide a full range of quality insurance options to their customers.  For more information, visit at www.ncbankers.org.

“We’re delighted to partner with Ephrata National Bank to provide a full-service, digitally powered insurance agency for the bank and its customers,” said Insuritas Chairman and CEO Jeffrey Chesky. “Through our insurance agency as a service, the bank will now be able to provide simple, seamless access to competitive options for their customers’ insurance needs, all with a focus on delivering the right coverages at the right price at the right time.”

The agency will feature a variety of insurance services, including home, renter’s, auto, pet, identity theft, travel and professional liability insurance, among others. The company partners with more than 40 carriers to ensure appropriate coverage at a competitive price. The agency is scheduled to open this fall.

“Innovation and value are two cornerstone pillars we strive to attain when developing strategic planning and new product offerings. We do a deep dive into discovery to assess member-need, and we determined that by creating a CUSO, we could successfully bring insurance services to our members at competitive market rates,” Jovia Financial Credit Union President and CEO John Deieso explained. “Through Jovia Insurance, we can provide a variety of insurance coverage by leveraging the Insuritas innovative digital agency platform. The value we provide we provide to our members is new cost-effective options that better position them to work toward their financial goals and mitigate risks. Affordability, easy access, convenience, and quality of insurance offerings are some of the many benefits this new digital insurance agency will provide.”

Jovia Insurance Services will include more than 40 carrier partners and will offer products such as home, renter’s, auto, business, pet, identity theft, travel, cyber and professional liability insurance, among many others.

“Jovia Financial Credit Union is a forward-thinking credit union with leadership that keeps members interest in mind at all times. We are working diligently to custom design, launch, and then manage this full-service, exclusive insurance agency for the credit union and its members,” said Insuritas Chairman and CEO Jeffrey Chesky. “Through our relationship, the credit union will provide simple, seamless access to competitive insurance options to meet members’ insurance needs.  This will be done with a focus on delivering the right coverages at the right price at the right time.”

About Jovia Financial Credit Union

Jovia Financial Credit Union is one of Long Island’s largest and leading credit unions, offering affordable banking services to Long Islanders for more than 80 years, bringing greater value through innovation. With $4 billion in assets and over 200,000 members, Jovia has 21 branches throughout Nassau and Suffolk counties. To join Jovia, eligible members must live, work, attend school, or regularly conduct business in Nassau and/or Suffolk counties. Existing Jovia members may also sponsor immediate family members or household members. For more information, visit www.jovia.org, call 1-855-JOVIA4U.

About Insuritas

The Insuritas mission is to connect people to the insurance products they need through a seamless, transparent shopping experience where carriers compete to provide them with the right coverage at the right price. The Insuritas meta-agency platform, deployed across a network of partners serving over 10M customers nationally, empowers financial institutions to leverage proprietary data-mining techniques and integrations with a broad array of insurance carriers to make highly personalized, digitally optimized insurance offers to their depositors, all within their brand. These strategies help further their commitment to the financial well-being of their customers, while driving a critical source of non-interest income for their institution. For more information, visit www.insuritas.com.

A unique Agency-as-a-Service Model

Insuritas designs, builds, launches, and operates insurance agencies that their partners own (currently servicing over 250 partners). Insuritas is the only company that embeds insurance agencies inside companies where the partner owns the agency, the policies, the renewals, the income statement, and balance sheet. The model allows Insuritas partners to own their own insurance agency, which generates annuitized commission income so the partners can maximize lifetime value with payments steadily rolling in over a recurring period. These agencies are operated entirely inside the client’s brand, and Insuritas handles the embedded APIs and the agency platform turnkey, supported by virtual and live agents and comprehensive marketing automation.

Disruptive coverage for all lines of insurance: Personal Lines, Life and Commercial

According to IBM, forty percent of insurance is going to be embedded over the next 10 to 20 years. With the Bundle Solution, Insuritas has a truly disruptive process that will dramatically reduce this timeline. And Bundle doesn’t only support one vertical of insurance. Bundle supports personal lines, life, and commercial insurance, in addition to pet and other ancillary products.

Meeting the real definition of Disruptive in reducing the Protection Gap 

“As digital commerce evolves, Insuritas has built Bundle so that more complicated insurance products can now be transacted as easily as travel insurance. It’s emerging as the ultimate way to distribute insurance offers efficiently, effectively collapsing insurance customer acquisition costs, addressing supply and demand issues and acts as a catalyst for a new insurance model that will make customers’ live easier, while addressing the insurance protection gap.” said Donna Jermer, EVP, Chief Marketing Officer.

“We are delighted to embark on this transformational journey with our partners to further enhance our industry leading Bundle solutions ecosystem that will generate additional scale, reach and speed of market to seamlessly deliver new innovative, digital insurance offers to customers,” said Matt Chesky, President. “Our current expansive partnerships combined with our embedded API solution and platforms will further enhance our position as the partner of choice for all manner of insurance offers.”

Bundle features a virtual insurance agent powered by Artificial Intelligence and predictive analytics that is engineered to include a full service ‘online to offline’ insurance shopping experience with licensed professional agents, along with rapidly emerging bind online capabilities. To learn more about BUNDLE, visit: BUNDLESolution.com

About Insuritas

Insuritas’ mission is to connect people to the insurance products they need through a seamless, transparent shopping experience in which carriers compete to provide them with the right coverage at the right price. The Insuritas ecosystem, deployed across a network of partners serving over 22 million customers nationally, empowers partners to leverage proprietary data-mining techniques and integrations with a broad array of insurance carriers to make highly personalized, digitally optimized insurance offers to their customers, all within their brand. These strategies help further their engagement with their customers, while driving a critical source of recurring non-interest income for their company.

East Windsor, CT (July 11, 2022) – Insuritas announces it has been hired by Cyprus Credit Union, West Jordan UT to install its award-winning full-service digital insurance agency platform. The insurance agency will be owned by the Credit Union, embedded inside the Credit Union’s ecosystem, and will be engineered to offer a full-service insurance agency solution to their retail and commercial members. With the partnership the Credit Union will be able to offer its members the auto, home and commercial insurance products they purchase every year, while deepening wallet share and building an important source of annuitizing non-interest income.

“We’re delighted to partner with Cyprus Credit Union to provide a full-service, digitally powered insurance agency for the credit union and its customers,” said Insuritas Chairman and CEO Jeffrey Chesky. “Through our embedded insurance agency as a service, the credit union will now be able to provide simple, seamless access to competitive options for their members’ insurance needs, all with a focus on delivering the right coverages at the right price at the right time.”

The agency will feature a variety of insurance services, including home, renter’s, auto, pet, identity theft, travel and professional liability insurance, among others. The company partners with more than 40 carriers to ensure appropriate coverage at a competitive price. The agency is scheduled to open this fall.

About Insuritas

The Insuritas mission is to connect people to the insurance products they need through a seamless, transparent shopping experience where carriers compete to provide them with the right coverage at the right price. The Insuritas ‘Embedded Agency as a Service’ platform is installed across a network of financial institution partners serving over 11 million customers nationally, empowering financial institutions to leverage proprietary data-mining techniques and integrations with a broad array of insurance carriers to make highly personalized, digitally optimized insurance offers to their depositors, all within their brand. These strategies help further their commitment to the financial well-being of their customers, while driving a critical source of non-interest income for their institution. For more information, visit www.insuritas.com.