Cinfed Federal, $355m in Assets, Hires Insuritas to Launch Insurance Agency

Insuritas logoContact:
Jennifer Vasseur
East Windsor, CT 06088
(860) 653-1114

Agency to Launch in 90 Days  

EAST WINDSOR, CT (May 28, 2015) – Insuritas announced it has been hired by Cinfed Federal Credit Union to install their award-winning insurance agency solution for it’s over 30,000 members. 

Jay Sigler, President /CEO of Cinfed noted: “Our members look to us to provide all the financial products and services they need in a one stop shopping solution that focuses on price, convenience, selection and service. We recognize that the vast majority of our members buy auto & home insurance every year – and we are perfectly positioned to be their trusted Agent. Cinfed Insurance will offer a full line of insurance products to protect our members, their families and small businesses. The Insuritas digital agency platform will allow our members to instantly get insurance quotes every time they get a loan, get their insurance policy bill in the mail, or are visiting our online banking storefront.” Sigler concluded, “Our new agency will support our mission to be the first choice for financial solutions, because we care about our member’s success.” 

Jeff Chesky, President and CEO of Insuritas, noted: “Cinfed’s leadership wanted to upgrade their current insurance offerings, looking to provide a full suite of insurance products where members can come to shop, compare and buy insurance as a natural extension of their promise to serve their member and leverages the powerful brand equity and trusted relationships Cinfed has created in their market. Chesky added “We will install our award winning E-InsuranceAISLETM, LoanINSURE® and SmartCART TechnologySM platforms, creating a virtual ‘Insurance Aisle’ inside the Credit Union that will provide a powerful source of recurring, value added, non-cyclical fee income while helping more members save time and money on insurance.” 

About Insuritas 
Insuritas pioneered the deployment of virtual “private labeled” insurance agencies that are integrated into bank and credit union operating environments – currently connected to over 4.0 million consumers and small businesses. The Insuritas solution, which is now installed in over 100 financial institutions, includes four core technology platforms that transform the shopping experience for millions of consumers for the insurance products they purchase and repurchase every year. Insuritas enables financial institutions to own an insurance agency solution without the significant capital investments required to build or buy an agency, or the inherent operational risks attendant to either of those approaches. Through a cost- effective outsourcing solution, financial institutions leverage Insuritas’ proven, end-to-end insurance agency solution. Click www.insuritas.com for additional information. 

About Cinfed Federal Credit Union
Cinfed was founded in 1934, serves over 30,000 members in Hamilton, Kenton, Campbell and Boone counties in Ohio. Cinfed has over $355 million in assets. Additional information is available at www.cinfed.org.

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