Insuritas client conference recognizes breakthrough performances
EAST WINDSOR, CT (November 13, 2014) — Insuritas, the nation’s premier provider of turn-key insurance agencies, completed its two day annual client conference today. Over 50 bank and credit union executives gathered in Hartford to celebrate their successes in 2014 and to collaborate on their insurance fee income generating plans for 2015.
Jeff Chesky, President and CEO of Insuritas, noted: “It has been an extraordinary year. We have clients that are shattering sales, revenue, customer acquisition and product deployment records. For the first time in history, financial institutions are deploying insurance agency strategies with as much focus and management attention as their deposit gathering, loan making and investment services activities. They are truly building ‘Insurance Aisles’ in their stores and building powerful value added, recurring, non- cyclical fee income.”
Scott Strickland, EVP of Insuritas, noted some incredible achievements. “Leveraging loan transactions, offering online insurance shopping inside their online banking environment and using award winning email campaigns, several of our clients are now insuring the auto/home/business of over 2% of their customer/member base. Denali Federal Credit Union and Spencer County Bank will break through 3% penetration rates in the months ahead, an incredible achievement. Some of our clients are now writing more auto and home insurance policies than consumer and mortgage loans.”
Strickland continued; “Our partners are proving that their customers love the convenience of getting auto, home and business insurance from their credit union or bank. This year, over one third of our partners have over 50% of the customers they quote choosing to buy, affirming that banks and credit unions are the best place to sell insurance nationally.”
Insuritas has pioneered the deployment of virtual ‘private labeled’ insurance agencies that are integrated into bank and credit union operating environments, with over 80 financial institutions installed, connecting to over 4.0 million consumers and small businesses nationwide. Insuritas enables financial institutions to own an insurance agency without the significant capital investment 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. Additional information is available at www.insuritas.com.