Halliburton Federal hires Insuritas to launch insurance agency
Agency to launch in 90 days
EAST WINDSOR, CT (May 21, 2015) — Insuritas announced it has been hired by Halliburton Employees’ Federal Credit Union to install their award-winning insurance agency solution for it’s over 16,000 members.
Chris Bower, President /CEO of HEFCU noted: “Our members look to us to provide all the financial products and services they need in a one stop shopping solution that focuses on price, convenience, selection and service. We recognize that 100% of our members buy auto & home insurance every year – and we are perfectly positioned to be their trusted Agent. Our relationship with Insuritas will allow HEFCU to offer all lines of insurance products to protect our members, their families and small businesses. The Insuritas digital agency platform will allow our members to instantly get insurance quotes every time they get a loan, get their insurance policy bill in the mail, or are visiting our online banking storefront.” Bower concluded, “Our new agency will help us keep our promise to provide our member-owners with competitive, professional financial services in a friendly, courteous and convenient environment.”
Jeff Chesky, President and CEO of Insuritas, noted: “Chris Bower 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 member and leverages the powerful brand equity and trusted relationships HEFCU has created in their market. Chesky added “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 members save time and money on insurance.”
Insuritas pioneered the deployment of virtual “private labeled” insurance agencies that are integrated into bank and credit union operating environments – currently connected to over 4.0 million consumers and small businesses. The Insuritas solution, which is now installed in over 100 financial institutions, includes four core technology platforms that transform the shopping experience for millions of consumers for the insurance products they purchase and repurchase every year. Insuritas enables financial institutions to own an insurance agency solution without the significant capital investments required to build or buy an agency, or the inherent operational risks attendant to either of those approaches. Through a cost- effective outsourcing solution, financial institutions leverage Insuritas’ proven, end-to-end insurance agency solution. Click www.insuritas.com for additional information.
About Halliburton Employees’ Federal Credit Union
Founded in 1960, HEFCU serves over 16,000 members in over 60 Select Employer Groups throughout Oklahoma and Texas. HEFCU has over $150 million in assets. Additional information is available at www.hefcu.org.