Generations Federal Credit Union partners with Insuritas to scale insurance agency
Agency upgrade will launch in September
EAST WINDSOR, CT (August 11, 2015) —
Generations Federal Credit Union has announced its partnership with Insuritas to install the Connecticut-based company’s award-winning insurance agency solution on behalf of the 75-year-old San Antonio-based credit union. The upgrade is scheduled to be completed by September 2015.
“The Generations’ leadership team wanted to upgrade their current insurance solution, looking to provide a full suite of insurance products where members can come to shop, compare and buy insurance as a natural extension of their promise to serve their members,” said Jeff Chesky, President and CEO of Insuritas. “We will install our award winning E-InsuranceAISLETM, LoanINSURE® and SmartCART TechnologySM platforms, creating a virtual ‘Insurance Aisle’ inside the Credit Union that will provide a powerful source of recurring, value added, non-cyclical fee income while helping more Generations members save time and money on insurance.”
The Insuritas solution, which is now installed with over 100 financial institutions, enables FIs to own an insurance agency solution without the significant capital investment required with building or buying an agency, or the inherent operational risks associated in either of these approaches.
Insuritas’ cost-effective outsourcing solution includes four core technology platforms that transform the shopping experience for millions of consumers for the insurance products they purchase and repurchase every year.
Generations Federal Credit Union is based in San Antonio, Texas and has more than $547 million in assets. The credit union was founded in 1940 and offers personalized products and services that meet the changing needs of both businesses and consumers.
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 through its BUNDLE brand, 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.