Insuritas Partners With Peoples Bank ($1.1B in Assets in Newton, NC) To Launch Bank-Owned Digital Insurance Agency Platform
This new partnership will enable Peoples Bank to offer their retail and small business customers a comprehensive suite of insurance and risk management products through a technology rich environment, all under a brand that their customers know and trust. By connecting their customers to over 40 insurance carriers competing for their business, Insuritas will ensure that their customers are able to obtain the right coverage, at the right price, all while helping the bank expand wallet share and non-interest income.
“We’re excited to welcome Peoples Bank to the Insuritas family,” said CEO Jeff Chesky. “Through our partnership, Peoples Bank will own a full service insurance agency designed to meet all of their customers risk management needs, furthering the bank’s commitment to offer its customers an extensive array of products and services for their personal and commercial banking needs.”
Powered by some of the most innovative insurtech platforms in the nation, including our award-winning E-InsuranceAISLE, LoanINSURE & SmartCART Technology, Insuritas is the nation’s leading provider of outsourced insurance agency solutions for financial institutions.
To learn more, or to join the hundreds of financial institutions that have chosen Insuritas to drive non-interest income, contact us today.
About Peoples Bank
Peoples Bank is the wholly-owned banking subsidiary of Peoples Bancorp of North Carolina, Inc. Their Corporate Office is located in Newton, North Carolina. They have been in business since 1912, growing from a single office to nineteen convenient offices in Catawba, Lincoln, Iredell, Alexander, Mecklenburg and Wake counties. The Bank also operates loan production offices in Lincoln and Durham Counties. They are proud to be a full service, hometown, community bank with an extensive array of products and services for your personal and commercial banking needs. Their employees take pride in providing exceptional service to their customers. Peoples Bank also operates three subsidiaries, Peoples Investment Services, Inc., Real Estate Advisory Services, Inc. and Community Bank Real Estate Solutions, LLC.
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 nearly 9 million retail and 1.5 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 United States 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. For additional information please visit www.insuritas.com