Insuritas

Insuritas Partners with Security Federal Savings Bank to Launch Bank-Owned Digital Insurance Agency Platform

On November 13, 2019

Security Federal Savings Bank, Logansport, Indiana, has hired Insuritas to launch a bank-owned full service insurance agency. “We are excited to welcome Security Federal Savings Bank to the Insuritas family,” said CEO Jeffrey Chesky. “Through our partnership, Security Federal’s new insurance agency will enable their customers to find the insurance coverages they need from a large group of insurance carriers competing for their business, furthering the Bank’s commitment to promote innovation, empowerment and growth, while maintaining a mutual form of ownership.”

This new partnership will enable Security Federal to offer their customers and the communities they serve the insurance and risk management products they need, all under the Security Federal brand that their customers know and trust. By connecting their customers to dozens of insurance carriers competing for their business on Insuritas’ iINSURE platform, 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. Powered by some of the most innovative insurtech platforms in the nation, including our award-winning LoanINSURE & iINSURE technology, Insuritas is the nation’s leading provider of outsourced insurance agency solutions for financial institutions.

About Insuritas

The Insuritas mission is to connect people 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. The Insuritas meta-agency platform, deployed across a network of partners serving over 10M customers nationally, empowers financial institutions to leverage proprietary data-mining techniques and integrations with a broad array of insurance carriers to make highly personalized, digitally optimized insurance offers to their depositors, all within their brand. These strategies help further their commitment to the financial well-being of their customers, while driving a critical source of non-interest income for their institution. For more information, visit www.insuritas.com.

About Security Federal Savings Bank

Security Federal Savings Bank is stationed in Logansport, Indiana with branches in Lafayette, Delphi and Kokomo. Since 1934, Security Federal has been the primary loan originator in Cass County and is a mutual financial institution that offers quality banking, investment services and trust services using the latest technology available. Visit www.Secfedbank.com or call 574-722-6261 for more information.

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