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Members in the News
Members in the N ws e
ENCOVA INSURANCE LAUNCHES TRANSFORMATIVE,
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Columbus, OH (7/27/20) — Encova Insurance continues to put their mission into action by providing innovative solutions for their independent agents and policyholders. Available now to the first group of agents in Indiana, Encova launched a new suite of personal lines products that will be delivered through state-ofthe-art technology. With a digital-first approach, the agent and policyholder need for doing business seamlessly and efficiently online was at the forefront of the solution’s design.
“This initiative to reinvent our personal lines offering required effort from every area of the organization, and I am proud of our associates’ dedication to creating the best experience and products for our agents and policyholders,” Encova President and CEO TJ Obrokta Jr. said.
With Encova’s new personal lines product offering, agents and policyholders will appreciate choice and flexibility through advanced customization options and a more robust coverage offering. Encova ChoicePak SM , a feature of Encova’s new customized coverage offering, provides policyholders with a menu of items that gives them the option to choose one or more coverages, which are discounted when packaged together.
Encova’s new personal lines technology consists of modern online portals for agency and policyholder interaction, which streamline the process from quoting to issuance and policy servicing. The digital capabilities include underwriting, claims management, billing, rating and policy administration.
“Our enhanced personal lines services will be supported by an innovative agent portal that allows for a higher level of selfservice and reporting capabilities, along with an easy online experience for policyholders to access their policy information and documents,” Encova Executive Vice President, Personal Lines Matt Wilcox said. “By investing in this paperless and time-saving experience for our customers, we are providing our agents with the technology they need to compete in the ever-changing insurance industry,” said Wilcox.
In May 2017, Encova launched their innovative approach to commercial lines under their new company at the time, Motorists Insurance. Today’s transformation of personal lines is a continuation of that effort to provide advanced technology and a cutting-edge product offering for their agents in all lines of business.
Over the next month, Encova will onboard all of their Indiana agents onto this new technology. In September, Encova will roll out this new product offering and online technology for agents and policyholders in West Virginia, followed by Ohio in October. Encova has plans to continuously expand this solution to the company’s full operating footprint by year-end 2021.
About Encova Insurance
A super-regional carrier ranked in the top 20 mutual insurance companies in the United States, Encova includes more than 1,200 associates writing in 28 states and the District of Columbia, premiums in excess of $1 billion, a surplus in excess of $1.65 billion and assets in excess of $4.3 billion. The group markets insurance solutions through more than 2,000 independent agencies in the Midwest, Northeast and South.
SOCIETY INSURANCE RAISES $32,560 TO SUPPORT FEEDING AMERICA EASTERN WISCONSIN
Fond Du Lac, WI (8/3/20) — Society Insurance has raised $32,560 to provide meals for food-insecure families via Feeding America Eastern Wisconsin, an area communities aid those affected by the COVID-19 pandemic.
“This donation will provide almost 100,000 meals to local families facing hunger,” said Liz Wollenberg, director of development for Feeding America Eastern Wisconsin.
Society Insurance partnered with Feeding America Eastern Wisconsin for its ability to respond quickly to increased community needs resulting from lost jobs and reduced income during business closures implemented to reduce the spread of COVID-19 in Wisconsin.
Individual donations from Society’s employees raised $16,280 for the campaign. A dollar-for-dollar corporate match from Society doubled the fundraising total to $32,560.
“Our employees have shown incredible generosity to those who are most in need,” said Rick Parks, Society Insurance president & CEO. “It’s humbling to work with such a caring group of people.”
About Society Insurance: Headquartered in Fond du Lac, Wis., Society Insurance has been a leading niche insurance carrier since 1915. Society focuses on the small details that make a big difference to its policyholders while offering top-notch insurance coverage, service and competitive pricing to businesses in Wisconsin, Illinois, Indiana, Iowa, Tennessee and Minnesota.
SECURA INSURANCE NAMED A TOP 50 CARRIER BY WARD GROUP FOR SEVENTH CONSECUTIVE YEAR
Neenah, WI (7/24/20) — SECURA Insurance has again earned a place among Ward Group’s 50 top-performing property and casualty insurers for its performance over a five-year period (2015- 2019). This is the seventh consecutive year the company has been recognized on this list for superior financial strength.
this year,” said Dave Gross, SECURA President & CEO. “This recognition speaks to the strength of the relationships between our associates and independent agent partners. Together, we are committed to long-term growth and financial stability to be able to continue to take care of our policyholders.”
Ward Group is the leading provider of benchmarking the best practice studies in insurance companies. The company analyzes nearly 3,000 property-casualty insurance companies in the United States to identify top performers annually. Financial benchmarks include: • Five year average return on average equity • Five year average return on average assets • Five year return on total revenue • Five year growth in revenue • Five year growth in surplus • Five year average combined ratio
In addition to being named Ward’s Top 50 SECURA has an A (Excellent) rating from A.M. Best, which affirms its solid financial results and its ability to pay claims. SECURA is also certified as a Great Place to Work based on associate feedback about the company’s workplace culture, and was also ranked number 10 in Fortune Best Workplaces in Financial Services & Insurance for small and medium companies.
About SECURA Insurance
SECURA Insurance is headquartered in Neenah, WIs. More than 550 independent insurance agencies in 12 states represent the company, which provides a broad range of competitive commercial, personal, farm, nonprofit and special events products. It is known for providing exceptional service to its agents and policyholder obligations. The carrier is a Ward’s Top 50 company for outstanding results in financial performance and consistency for a five-year period, and it is a certified Great Place to Work ® Visit secura.net to learn more.
ACUITY LOOKS FORWARD TO 95TH ANNIVERSARY
Sheboygan, WI (7/22/20) — Acuity marks its 95th year in business on August 24, 2020. The insurer began operations in 1925, when it was founded as the Mutual Automobile Insurance Company of the Town of Herman. Today, Acuity manages over $5 billion in assets and $2.5 billion in surplus and is the 62nd largest propertycasualty insurer in the nation. “Over 95 years, we have built a foundation based on technology, relationships, and underwriting that will catapult us to the future. We’re excited about what lies ahead,” said Ben Salzmann, Acuity President and CEO. In particular, the past 20 years at Acuity have seen a remarkable transformation, beginning with the company’s corporate culture. “We’ve undergone a cultural metamorphosis, transforming from a rigid workplace that suffered 28 percent annual turnover prior to 2000 into one of the best companies to work for anywhere,” Salzmann said. Acuity’s cultural renaissance has contributed to its financial success. Year after year, Acuity has outperformed the industry, and the company did so again in 2019, growing its revenue 7.5 percent while recording a combined ratio of just 95.2. Most important, the company’s achievements over its first 95 years in
“We’ve become a leading regional insurer by recruiting and retaining top employees and agents and providing them the best technology the industry has to offer,” Salzmann said. “We are poised operationally, strategically, and financially to create a successful future for all our stakeholders—agents, policyholders, and employees. Acuity is a company that people can rely on, year after year.”
Acuity Insurance, headquartered in Sheboygan, Wisconsin, insures over 100,000 businesses, including 300,000 commercial vehicles, and nearly a half million homes and private passenger autos across 28 states. Rated A+ by A.M. Best and S&P, Acuity employs
over 1,400 people.
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