PLEASE UPDATE YOUR BROWSER

1 Reason Insurance (715)598-9924

Leadership Through Service

  • About
    • Meet the Insurance Agents of 1 Reason Insurance
    • Partner Insurance Companies
  • Personal Insurance
    • Car Insurance Quote for Personal Auto
    • Boat Insurance
    • Home Owners Insurance Application
    • Life Insurance Quotes
    • Motorcycle Insurance
    • Personal Umbrella Insurance
    • Renters Insurance
    • RV Camper Insurance
    • Snowmobile Insurance
  • Business Insurance
    • Commercial Auto Insurance
    • What is General Liability Insurance
    • Rental or Vacant Properties
    • Workers Compensation in Wisconsin
  • Blog
  • Contact 1 Reason Insurance
    • Contribute As Guest Author
Home > Insurance Companies > Insurance News > Insurtech Pendella Technologies launches Simploy’s custom-branded individual life insurance solution in 90 minutes

Insurtech Pendella Technologies launches Simploy’s custom-branded individual life insurance solution in 90 minutes

Posted on: June 22, 2022 By: Insurance Updates

FORT MYERS, Fla., June 22, 2022 (GLOBE NEWSWIRE) — Pendella Technologies, a fast-growing technology company bringing innovation to life, deployed a fully digital custom-branded individual life insurance solution for Simploy, Inc. in record time, after just three 30-minute partner meetings.

Professional employer organization, Simploy, has been simplifying employment for small-to-medium sized businesses across the United States since 1989 by providing big-company HR solutions. Simploy recently partnered with Pendella Technologies to carry on their commitment of providing best-in-class benefits, technology, and service to the thousands of employees they serve.

“As a PEO, we’re always looking for the best benefits for people,” said Chassie Smith, Director of Operations for Simploy. “Finding a solution where we could make an offer of coverage for certain types of benefits, like life insurance, with minimal impact on our internal steps and minimal hand touching was a game-changer.”

Through Pendella’s AI-powered, white-labeled technology, Simploy’s clients can expand their employee offerings to include individual life insurance—a must-have supplement to any group life or voluntary life insurance benefit.

Simploy was attracted to the idea of partnering with Pendella in part because of the competitive advantage of having an individual life insurance platform completely branded to Simploy and the ease of implementation.

“The process couldn’t have been easier,” said Smith.

According to 2021 data from financial research firm LIMRA, more than 8 in 10 workers in the U.S. would like their employer to offer life insurance coverage. There are currently 106 million American adults in need of coverage or underinsured.

“Employer-sponsored group life insurance was never meant to be the sole source of life insurance,” said Bob Gaydos, CEO of Pendella Technologies. “The majority of group life insurance is not portable and coverage limits are generally below the full needs of the employee,” he continued.

“We should no longer bring only traditional employer-sponsored benefits to employees—it’s not enough and our technology empowers companies to easily do more,” said Gaydos.

Pendella’s solution was designed to simplify the process of providing important financial protection to employees. To demonstrate the ease of implementation, Pendella published a case study to show the steps taken by Simploy to launch their new custom-branded individual life insurance solution. The case study can be downloaded for free by visiting peo.pendella.com.

“What PEOs look for in hiring a tech partner is what clients look for in hiring a PEO—reputation, track record, reliability, and integrity to the company and product,” said Pat Cleary, President and CEO of the National Association of Professional Employer Organizations (NAPEO) and who was interviewed as part of the study.

Pendella is an Associate Member of NAPEO and has partnered with several PEO’s over the past few months as part of its mission to close the life insurance protection gap, including Advanstaff HR, Spirit HR, Employ Source, Simploy, and PEO Partners.

The startup recently completed a $5.2 million in Series Seed-2 funding with backing from prominent insurtech venture capital firms American Family Ventures and MassMutual Ventures. The funding round positions Pendella to continue its disruption of the life insurance market.

To learn more about what Pendella’s innovative technology can do for your organization, schedule a demo.

For more information or to schedule an interview contact: Marketing@Pendella.com

About Pendella

Pendella is a technology company that exists to make the financial protection of individual life and disability insurance available to all people, regardless of age, health status, or income level. Pendella’s full-stack, enterprise SaaS solution is powered by artificial intelligence and big data to automate underwriting and deliver a simple and intuitive experience to thousands of people through partnerships with top-rated insurance carriers and distributors. White-label customization enables a seamless end-to-end experience. www.Pendella.com, Linkedin.com/company/Pendella

Pendella-1 Insurtech Pendella Technologies launches Simploy’s custom-branded individual life insurance solution in 90 minutes

Comments

comments

Categories: Insurance News Tags: Insurance News

1Reason Agencies

What clients have to say:

Mike T. "I started a business last year and Robert responded to my inquiries immediately, and was extremely helpful and knowledgeable as to the type of insurance coverages I would need to get started. Now its been a year and he now carries All of my coverages! Absolutely the most hands on agent I've ever worked with but hands down the friendliest! I can call him anytime and never feel rushed and not only that but he responded while on a family vacation. I believe in relationships in business and so does Robert by the way he treats his customers. I have a true friend in the business, thank you Robert!"


Lynn R. "Bob is very knowledgeable and has always done a great job explaining different aspects of coverage. He is very accessible and looks out for what is best for the consumer. We highly recommend him!


Justin T. "Excellent agent, always available for answers to insurance related questions. Bob, is the person most people strive to become. Without a doubt, a great person!"


Sebastian T. "I can not begin to tell you how pleased I am with 1 Reason Insurance ! Their responding services is friendly and complete. For the services my company offers to the public it is sure nice to know that we are covered for a reasonable fee. Just having (1 R I ) 1 Reason Insurance there is such piece of mind ! Their insurance plans are strait to the point and easy to understand.
Thanks for the great service 1 Reason Insurance !"


Jeff H. "Very nice and cares about the customer! He was literally the reason why i chose him over other companies for my insurance"

Categories

  • Bonds
    • Performance Bond
  • Bookkeeping
    • Business Taxes
  • Business Marketing
    • Webhosting
  • Car Insurance
  • Commercial Auto
  • Commercial Insurance
  • Court Cases
  • Cyber Liability Insurance
  • Employment Opportunities
  • Employment Practices
  • Flood Insurance
  • Home Ownership
  • Homeowner's Insurance
  • Insurance Companies
    • Insurance News
  • Insurance Terms
  • Investing
    • Finance & Insurance News
  • Life Insurance
  • Non Emergency Medical Transportation
  • Payroll
  • Pinewood Derby
  • Professional Liability / E&O
  • Real Estate News
  • Rental Property Insurance
  • Retirement & Estate Planning
  • RV Insurance
  • Starting A Business
  • Stock Dividends
  • SuiteCRM Insurance CRM
  • Taxes
  • Tips & Advice
  • Travel
  • Uncategorized
  • Worker's Compensation

Recent Posts

  • Opendoor Announces Preliminary Proxy Filing Seeking Approval for Discretionary Reverse Stock Split
  • LGI Homes Opens Lake Gallagher Estates in Dover, Florida, with Premium Homes on Expansive Lots
  • DeFi Dev Corp. Partners with Drift Protocol to List dfdvSOL Liquid Staking Token
  • Abacus Global Management Announces Share Repurchase Program; Insider Buying
  • Vornado Completes Refinancing of Independence Plaza
  • Dalfen Industrial Closes Major Sale of One Million+ SF Houston Logistics Park to Global Tech Giant Foxconn
  • Greystone Provides $58.6 Million Freddie Mac Loan for Multifamily Property in Illinois
  • DeFi Development Corp. and Amber International Announce Strategic Partnership to Expand Solana Market Access and Treasury Solutions