November 19, 2020 – Insuritas is pleased to announce that George Becker has joined the company as a corporate sales executive. During Mr. Becker’s 30+ year career, he’s worked as an industry leader by helping financial institution CEOs and boards of directors across the US build new sources of non-interest income and manage risk.

“As a corporate sales executive, George will work with prospective clients to model the impacts to income statements and balance sheets when a financial institution owns a digital insurance agency,” noted Jeffrey Chesky, chairman and CEO of Insuritas. “With increased pressure on net interest income, core deposit gathering, consumer and commercial lending under stress, and increased regulatory oversight on consumer fee charges like NSF, building new sources of non-interest income that come from helping customers will be increasingly critical.”

Mr. Becker spent the last 10+ years as an executive with CUNA Mutual as a property and casualty specialist, and before that he worked at BancInsure as a fidelity bond specialist.

Mr. Becker noted, “In the COVID-19 world we now find ourselves in, banks and credit unions will be focused on credit quality, underwriting and repayment risk, collections, balance sheets, and the continued pressure on net interest income. New consumer, mortgage, and commercial lending activity will be significantly reduced for a while. Helping and retaining customers and members will be mission-critical during this difficult time. With these challenging economic conditions, offering customers and members a frictionless way to shop and buy the insurance they need from the bank or credit union they trust with an experience that’s designed to save them money and time is a worthwhile endeavor— especially at times like these. I look forward to helping executives build digital insurance agencies that generate annuitizing non-interest income with no balance sheet risk.”

About Insuritas

At Insuritas, we build, deploy and operate white-labeled insurance agencies within financial institutions, empowering our partners to offer their depositors the one financial product each of them will purchase this year, insurance. Since 1999, our mission has been to connect consumers to the insurance products they need through a seamless, transparent shopping experience, where carriers compete to provide them with the right coverage at the right price. For more information, visit www.insuritas.com.