InsureZone Secures Funds for New Technology.InsureZone, an Internet insurance business based in Fort Worth, Texas Fort Worth is the fifth-largest city in the state of Texas, 18th-largest city in the United States[1], and voted one of "America’s Most Livable Communities. , said it has secured $8.2 million in funding that it will allow it to build technology to connect directly into the rating and underwriting Underwriting 1. The process by which investment bankers raise investment capital from investors on behalf of corporations and governments that are issuing securities (both equity and debt). 2. The process of issuing insurance policies. engines of insurance carriers offering commercial coverage. With this technology, InsureZone will be able to completely automate To turn a set of manual steps into an operation that goes by itself. See automation. its process to quote and bind coverage, including business owners policies and workers' compensation workers' compensation, payment by employers for some part of the cost of injuries, or in some cases of occupational diseases, received by employees in the course of their work. . InsureZone has several end-to-end integrations with top-rated carriers scheduled for completion this year. Buena Venture Associates, a Texas-based investment partnership focused primarily on the delivery of financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. over the Internet, has put up the $8.2 million in funding. About two-thirds of the new funding is earmarked for improving technology including delivering a technology platform that will allow InsureZone to build a system that integrates with the rating and underwriting engines of an insurance carrier. |
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