Bank2 Hires Insuritas to Launch Bank Owned Digital Insurance Agency Platform
East Windsor, CT– Insuritas, the nation’s premier provider of turn-key digital insurance agencies for banks and credit unions announced; it has been hired by Bank2 to build, launch, and manage the Bank2 Insurance Agency.
Jeff Chesky, President & CEO of Insuritas, noted: “Bank2’s leadership has realized that all of their customers buy insurance every year and providing a full suite of insurance products to their customers is a natural extension of their core business. It will leverage the powerful brand equity and trusted relationships they’ve created in the Chickasaw Nation.” Chesky added, “Our deployment team will install our award-winning E-InsuranceAISLE™, LoanINSURE®, and SmartCART Technology℠ platforms, creating a virtual ‘Insurance Aisle’ inside the Bank that will provide a powerful lift in recurring, value-added, non-cyclical fee income while helping more customers and small businesses save time and money on insurance.”
T.W. Shannon, CEO of Bank2, stated: “One of the reasons our customers choose to bank with us is because we provide them with world-class banking products and services. We are launching our wholly-owned Insurance agency to deliver a full array of insurance products that our customers buy every year. Our focus on our customers has driven our strong, steady growth over the past 15 years. We believe that providing a digitally-powered, full-service insurance agency that focuses on price, convenience and selection will enable us to better serve all of our customers, including members of the Chickasaw Nation. We specialize in mortgage loans, so offering affordable homeowners’ insurance will really benefit our customers.”
Insuritas has reengineered insurance distribution in America; simply changing the way insurance works – by building a scalable platform that currently has a comprehensive knowledge of, and active engagement with over 9 million retail and 1.4 million small business insurance buyers. Insuritas has reengineered insurance by building complex, private labeled insurance agency solutions embedded into the financial services industry, enabling these firms to own a turn-key insurance agency and offer their customers a comprehensive set of insurance & risk management products through a white-labeled, digitally-optimized solution installed, managed, and optimized by Insuritas. Insuritas has built a single fully integrated platform that can connect the over 300M+ insurance buyers in the US, and all of their annual insurance needs to insurance carriers in a single, virtual insurance agency eco-system, collapsing the fragmented and antiquated customer acquisition, quoting and policy issuance model and finally replacing it with intelligent insurance. (insuritas.com)
Bank2, headquartered in Oklahoma City, OK, is a wholly-owned subsidiary of the Chickasaw Bank Holding Company. The bank opened in 2002, offering consumer and commercial accounts, and a full suite of consumer, commercial and real estate loans. Bank2 is the #1 source of Native American home loans in the state of Oklahoma and one of the top five in the country. Bank2 was recognized by the ABA Banking Journal as the #1 and #3 community bank in the nation in 2009 and 2010 respectively, and was rated as one of the Top Places to Work in Oklahoma by The Oklahoman for five consecutive years. (bank2.bank)