Great American Insurance Group Announces the Formation of a Dedicated Team to Expand its Embedded Insurance Offerings
24 Abril 2024 - 9:00AM
Business Wire
Great American Insurance Group is pleased to announce the
formation of a dedicated embedded insurance team. Building upon the
company’s 20 years of experience offering embedded insurance
products, the new team will streamline and simplify the
distribution of these offerings.
This newly-formed group, led by Chris Banocy, Divisional Senior
Vice President, will assist in finding and evaluating new embedded
insurance opportunities for Great American Insurance Group’s
specialty property and casualty operations. In addition, the team
will develop a suite of custom embedded products, including ticket
and travel coverages, which are anticipated to be available in
2024.
“Technology has changed the way consumers make purchases,
whether in traditional sectors like auto sales and retail, or in
digital spaces. Our mission is to make the process of obtaining
coverage as convenient as possible by bringing insurance to the
point of sale,” said Rich Suter, Divisional Group President. “While
Great American has vast experience in the embedded channel, the
demand for embedded coverages continues to grow at a rapid pace.
The formation of a dedicated team allows us to expand our
distribution reach and reinforces Great American’s commitment to
this channel.”
Great American Insurance Group’s embedded solutions team offers
a broad range of flexible, customizable specialty commercial and
personal lines products for hundreds of niche industries, leading
APIs and other embedded technology. For additional information,
visit our website, or email Chris Banocy at cbanocy@gaig.com or
Darnella Schutzman, Divisional Assistant Vice President, at
dschutzman@gaig.com.
About Great American Insurance Group
Great American Insurance Group’s roots go back to 1872 with the
founding of its flagship company, Great American Insurance Company.
Based in Cincinnati, Ohio, the operations of Great American
Insurance Group are engaged primarily in property and casualty
insurance, focusing on specialized commercial products for
businesses. Great American Insurance Company has received an “A”
(Excellent) or higher rating from the AM Best Company for over 115
years and is currently rated “A+” (Superior). The members of Great
American Insurance Group are subsidiaries of American Financial
Group, Inc. (AFG), also based in Cincinnati, Ohio. AFG’s common
stock is listed and traded on the New York Stock Exchange under the
symbol AFG.
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version on businesswire.com: https://www.businesswire.com/news/home/20240424666912/en/
Diane P. Weidner, IRC Vice President, Investor & Media
Relations American Financial Group, Inc. 513-369-5713
Websites: www.GAIG.com www.AFGinc.com
www.GAIG.com/about-us/business-operations/division/embedded-solutions