The Milford Bank ($450M Assets) hires INSURITAS to Launch Award Winning Digital Insurance Agency Platform
November 17, 2020 – The Milford Bank has hired Insuritas to design, launch and manage a full service, digitally powered Bank owned insurance agency. “We are excited to welcome The Milford Bank to the Insuritas family,” said CEO Jeffrey Chesky. “The Bank’s leadership understands the value of offering a full suite of insurance products to their retail and commercial customer base and has tasked us with building a full-service insurance agency that will feature all of the insurance products and services their customers need to manage risk. We will deploy our award-winning iInsure digital agency platform and our data analytics capabilities to deliver personalized insurance solutions to their customers for all of the insurance purchases they make every year.”
Matt Chesky, President of Insuritas noted; “This new partnership will enable The Milford Bank to offer their retail and commercial customers the opportunity to shop for all of the insurance and risk management products they need, all under The Milford Bank brand that their customers know and trust. By connecting their customers to dozens of insurance carriers competing for their business on the Insuritas iInsure platform, customers will be able to seamlessly obtain the right coverage, at the right price, for all of their insurance needs, all while helping The Milford Bank expand wallet share, customer share and non-interest income.”
The Milford Bank’s new insurance agency will be powered by the most innovative insurtech platform in the nation, including the award-winning LoanINSURE & iINSURE platforms. Insuritas is the nation’s leading provider of outsourced insurance agency solutions for financial institutions.
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.