Catholic Vantage ($98M Assets) Launches InsurTech Agency
Operating at the intersection of InsurTech and FinTech, Insuritas has launched its award winning digital insurance agency platform for Catholic Vantage Financial. Catholic Vantage Insurance Agency is now open to help the credit unions over 8,000 members.
Powered by Insuritas, Catholic Vantage is deploying its InsurTech capabilities to offer auto, home, and small business insurance seamlessly to their entire Michigan addressable market. Insuritas will leverage its API connectivity and data analytics to deliver insurance quotes to Catholic Vantage’s membership at their precise instant of interest; applying for a loan, at the time of a policy renewal, or while accessing online banking all from a name they know and trust. Catholic Vantage wanted a digitally rich shopping, buying and service experience for the insurance needs of its retail and small commercial customers, and Insuritas was selected to deliver.
Jeff Chesky, President and CEO of Insuritas, noted: “Catholic Vantage Financial’s leadership has recognized that 100% of their members and 100% of the households in their Michigan market buy insurance every year, and that providing a full suite of insurance products to their addressable market is a natural extension of their core business and leverages the powerful brand equity and trusted relationships they’ve created in the market. In addition to furthering Catholic Vantage’s commitment to provide their members with value-added products and services, Catholic Vantage Insurance Agency further cements their position as a market leader.” Chesky added “Our deployment team has installed our award winning E-InsuranceAISLE™, LoanINSURE® and SmartCART Technology℠ platforms, creating a virtual ‘Insurance Aisle’ inside the Credit Union that will provide a powerful lift in recurring, value added, non-cyclical fee income while helping more members save time and money on insurance.”
About Insuritas
Insuritas pioneered the deployment of virtual “private labeled” insurance agencies that are integrated into bank and credit union operating environments – currently connected to over 9.0 million consumers and over 1.4 million small businesses. The Insuritas solution, which is now installed in over 150 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 partnership solution, financial institutions leverage Insuritas’ proven, end-to-end insurance agency solution. Click www.insuritas.com for additional information.
About Catholic Vantage Financial
With over $98M in assets and over 8,000 members, Catholic Vantage Financial serves all those who attend, worship, are members of or work at a Catholic parish, school or organization in the counties or Lapeer, Macomb, Monroe, Oakland, St. Clair and Wayne, Michigan. Member deposits are insured to $250,000 by the National Credit Union Administration (NCUA), a U.S. government agency. For more information and to learn how you can join, call 734-432-0212 or visit www.mycvf.org.
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