Bank of England and Bank of England Mortgage $300 M Assets) Chose Insuritas to Expand Insurance Agency Across National Mortgage Operation
Insuritas announced it has been chosen by Bank of England and Bank of England Mortgage to install their award-winning insurance agency solution for its customers.
Gary Canada, President /CEO of Bank of England noted: “Our customers across local footprint and the borrowers across our national mortgage company 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 customers buy auto, home and business insurance every year – and we are perfectly positioned to be their trusted Agent. Insuritas will expand our existing insurance agency across our mortgage markets in all 50 states. We will offer all lines of insurance products to protect our customers, their families and small businesses. The Insuritas digital agency platform will allow our customers to instantly get insurance quotes every time they get a loan, get their insurance policy bill in the mail, or visit our online banking storefront.”
Jeff Chesky, President and CEO of Insuritas, noted: “Bank of England and Bank of England Mortgage’s leadership wanted to provide a full suite of insurance products where customers can come to shop, compare and buy insurance as a natural extension of their promise to serve their customers and leverages the powerful brand equity and trusted relationships they have created in their market. Chesky added “We will install our award winning E-InsuranceAISLE™, LoanINSURE® and SmartCART Technology℠ platforms, creating a virtual ‘Insurance Aisle’ inside the Bank and the national Mortgage company that will provide a powerful source of recurring, value added, non-cyclical fee income while helping more customers 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 5.0 million consumers and small businesses. The Insuritas solution, which is now installed in over 110 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 Bank of England and Bank of England Mortgage
Bank of England serves over 5,000 households and 1,500 businesses through branches in England Arkansas. Founded in 1898, the Bank subsequently opened Bank of England Mortgage which has more than 80 locations in 37 states and lends in all 50 states. Bank of England has over $320 Million in assets. Additional information is available at www.bankofengland-ar.com and www.boemortgage.com.