2015 NAFCU Services Innovation Award Winner
Insuritas is the nation's leader in insurance agency outsourcing for financial institutions. With Insuritas' turnkey solutions, credit unions can own a complete insurance agency without the significant capital investments required to build or buy an agency, or the inherent operational risks.
Insuritas offers a comprehensive array of insurance products that includes the auto, home and business insurance that 100% of your members use every day, as well as life, medical, pet, warranty, AD&D, and credit life, to name just a few. They provide a team of proven sales professionals and strategies, complete back-office services including billing and claims processing, and ongoing access to insurance industry experts.
Products and Services
Your Agency, Your Brand, Our Expertise
Insuritas’ turnkey solution is a seamless product integration for your members, because they’ll never even see or hear the Insuritas name. You’ll be able to offer your insurance aisle through your existing distribution channels, whether it’s face-to-face, over the phone or online. Your insurance agency will operate with your credit union’s name, but be located off-site, run by Insuritas in an ASP environment. Using advanced caller-ID technology and state-of-the-art agency management system, Insuritas will answer the phone, quote, sell and service in your agency’s name. Because of Insuritas’ aggregated buying power, you will be able to offer the widest array of products from the nation’s leading carriers that feature great commission rates from the first premium dollar collected.
Insuritas will open your agency in 90 days stocked with insurance products and services, ready to stand next to your deposit, loan and investment aisles. With Insuritas, you get to:
- Build annuitizing fee income
- Expand member wallet share
- Contribute to earnings per share
- Add an appreciating asset to your balance sheet
- Reduce capital requirements and execution risks
- Provide predictable ROI, RAROC and IRR
- Increase member retention and deepen connections Increase barriers to competitive incursions from your competition
EasySTREET is the first technology solution of its kind. It extracts data from a credit union’s core, its loan origination system, any credit union CRM or CIF platforms, and supplemental data from TransUnion or Lexis Nexis. It compiles a master auto or home insurance policy application on behalf of the member without ever bothering the member with questions. The technology then automatically solicits bids for auto and home insurance coverages from multiple insurance carriers in under 2 minutes. These prices are then compiled in a personalized email that is sent to the member. The member sees up to four bids from A-rated carriers, ranked by cost. For the first time, the credit union can actually do the insurance shopping for the member without ever bothering the member.