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Category Archives: Patriot Technology Solutions

Patriot Technology Solutions Implements InsurePay Pay-as-You-Go Billing Tool

FORT LAUDERDALE, Fla., Aug. 03, 2017 (GLOBE NEWSWIRE) — Patriot Technology Solutions, LLC. (“Patriot Technology”), a subsidiary of Patriot National, Inc. (NYSE:PN), today announced that two new carriers, including Baldwin & Lyons, Inc., on behalf of its subsidiaries under the brand Protective Insurance, a leading marketer and insurance underwriter for the transportation industry, plus another large property and casualty insurer in the U.S., have selected its InsurePay pay-as-you-go “billing as a service” to help ease the payment process for its Workers’ Compensation policyholders. The additions bring the total to 20 carriers who have adopted the tool to date.

“We are very pleased to have Protective Insurance join our growing list of highly regarded national carriers that recognize the value of InsurePay,” said Judith Haddad, President and CEO of Patriot Technology. “InsurePay’s growing success with top carriers is an example of how we are leveraging our state of the art platform and driving growth for the technology organization.”

Through its secure, cloud-based SaaS platform, InsurePay enables policyholders to pay their premiums each pay period based on actual payroll rather than estimated payroll. This accurate and flexible approach reduces operational costs for insurance carriers and policyholders, as well as benefitting agents with a competitive product. Through real-time processing, policyholders can reduce or eliminate large down payments and avoid year-end audit discrepancies, and insurance carriers are able to eliminate billing collections and auditing costs.

“Patriot Technology’s InsurePay platform has been received well by our distribution partners, policyholders and underwriting staff, and it has rounded out our Workers’ Compensation product offering with a highly automated and tightly integrated solution,” said Brian D. Gray, Senior Vice President and CIO of Baldwin & Lyons, Inc. “We evaluated several pay-as-you-go service providers, but Patriot Technology’s system, and more importantly Judith’s team, were the clear choice as one of our strategic partners.”

About Patriot National
Patriot National, Inc. is a national provider of comprehensive technology and outsourcing solutions that help insurance companies and employers mitigate risk, comply with complex regulations and save time and money. Patriot National provides general agency services, technology outsourcing, software solutions, specialty underwriting and policyholder services, claims administration services, and self-funded health plans to its insurance carrier clients, employers and other clients. Patriot National is headquartered in Fort Lauderdale, Florida. For more information about Patriot National, please visit www.patnat.com.

About Patriot Technology Solutions, LLC.
Patriot Technology Solutions (“Patriot Technology”) is a leading provider of technology solutions for the property and casualty insurance industry. Patriot Technology focuses on insurance solutions that spotlight a full core insurance suite solution with implementation expertise and including; professional and consulting services and enterprise data analytics with a cloud-based SaaS model. Patriot Technology delivers solutions that provide carriers with premium growth, policyholder retention while lowering their cost of acquisition and reducing their overall servicing cost. Patriot Technology Solutions is headquartered in Fort Lauderdale, Florida with offices worldwide. For more information about Patriot Technology, please visit www.ptsglobal.com.

About Baldwin & Lyons, Inc.
Founded in 1930, Baldwin & Lyons, Inc. is a holding company for specialty property and casualty insurance subsidiaries. Through its subsidiaries, the company provides liability coverage for large and medium-sized trucking and public transportation fleets, as well as coverages for trucking industry independent contractors. In addition, the company offers coverage for small fleet trucking along with workers’ compensation for small business and casualty reinsurance. Baldwin & Lyons is headquartered in Carmel, Indiana.

About Protective Insurance
Protective Insurance is the marketing name used to refer to Protective Insurance Company and its subsidiaries and affiliates that provide insurance and related services, including Sagamore Insurance Company and Protective Specialty Insurance Company. For additional information, please visit our website at www.protectiveinsurance.com.

Forward-Looking Statements
This press release may include statements that may be deemed to be forward-looking statements. Words such as “may,” “will,” “should,” “likely,” “anticipates,” “expects,” “intends,” “plans,” “projects,” “believes,” “estimates,” “positioned,” “outlook,” “Guidance,” and similar expressions are used to identify these forward-looking statements. By their nature, forward-looking statements involve risks and uncertainties, and there are important factors that could cause actual results to differ materially from those indicated in these statements. For example, our solutions may not perform as anticipated, as well as those matters contained in our filings with the Securities and Exchange Commission. Although we base these forward-looking statements on assumptions that we believe are reasonable when made, we caution you that forward-looking statements are not guarantees of future performance or events and that results may differ materially from statements made in or suggested by the forward-looking statements contained in this press release. Any forward-looking statement that we may make in this press release speaks only as of the date of such statement, and we undertake no obligation to update any forward-looking statement or to publicly announce the results of any revision to any of those statements to reflect future events or developments.

Media and Investor Contacts: Cindy Campbell Director of Investor Relations Patriot National, Inc. (954) 670-2907 [email protected]

Patriot Technology Solutions Recognized Among the Top 20 Most Promising Insurance Technology Solution Providers of 2017 by CIOReview

Company Release – 5/31/2017 4:15 PM ET

FORT LAUDERDALE, Fla., May 31, 2017 (GLOBE NEWSWIRE) — Patriot Technology Solutions, LLC (“Patriot Technology”), a subsidiary of Patriot National, Inc. (NYSE:PN), has been named one of the 20 Most Promising Insurance Technology Solution Providers for 2017 as selected by the editors of CIOReview Magazine.

CIOReview chose Patriot Technology based on its customer-driven insurance solutions, insurance suite, and professional consulting services that drive efficiency and help its clients to focus on their core business.

“On behalf of the entire Patriot technology team, we are delighted to be named one of 20 Most Promising Insurance Technology Solution Providers. We believe our products are revolutionizing the way insurance carriers do business today and truly appreciate the recognition by CIO Review,” said Judith Haddad, Patriot Technology’s President and CEO.

The recognition, included annually in the Insurance Technology edition of CIOReview, can be seen in the full 2017 list, available online here.  The list is comprised of companies that leverage the latest trends to deliver a better customer experience with innovative solutions based on the most advanced technologies available today.

About Patriot National

Patriot National, Inc. is a national provider of comprehensive technology and outsourcing solutions that help insurance companies and employers mitigate risk, comply with complex regulations and save time and money. Patriot National provides general agency services, technology outsourcing, software solutions, specialty underwriting and policyholder services, claims administration services, and self-funded health plans to its insurance carrier clients, employers and other clients. Patriot National is headquartered in Fort Lauderdale, Florida.  For more information about Patriot National, please visit www.patnat.com.

About Patriot Technology Solutions, LLC

Patriot Technology Solutions (“Patriot Technology”) is a leading provider of technology solutions for the property and casualty insurance industry. Patriot Technology focuses on insurance solutions that spotlight a full core insurance suite solution with implementation expertise and including; professional and consulting services and enterprise data analytics with a cloud-based SaaS model. Patriot Technology delivers solutions that provide carriers with premium growth, policyholder retention while lowering their cost of acquisition and reducing their overall servicing cost. Patriot Technology Solutions is headquartered in Fort Lauderdale, Florida with offices worldwide. For more information about Patriot Technology, please visit www.ptsglobal.com.

About the CIOReview Magazine’s Most Promising Companies

CIOReview magazine annually identifies, selects and ranks the Most Promising Insurance Technology Companies to reveal the business practices that had made these companies both highly regarded and successful. For more information about the full list of 20 Most Promising Insurance Technology Solution Providers 2017, please visit: www.cioreview.com.

Media and Investor Contact:
Cindy Campbell
Director of Investor Relations
Patriot National, Inc.
(954) 670-2907
[email protected]

Patriot National Names Judith Haddad Chief Executive Officer of Patriot Technology Solutions

FORT LAUDERDALE, FL., May 18, 2017 – Patriot Technology Solutions, Inc. (“Patriot Technology”), a subsidiary of Patriot National, Inc. (NYSE: PN), today announced that Judith Haddad, President and CIO of Patriot Technology Solutions, will assume the additional role of its Chief Executive Officer, effective May 1, 2017.

“As President and Chief Information Officer of Patriot Technology, Judy has built a strong organization leading the development and commercialization of our most successful technology products including PN Insurance Expert and InsurePay,” said Steven M. Mariano, Chairman, President and CEO of Patriot National. “In her new role as Chief Executive Officer, she will continue to execute the strategy and innovation for the next generation of Patriot Technology.”

Most recently, Patriot Technology was named one of 20 Most Promising Insurance Technology Solution Providers to watch in 2017 by CIO Review. In addition, Ms. Haddad was named one of 25 Most Influential Woman in Business for 2016 by South Florida Business Journal and was featured in the January 2016 edition of Profile Magazine.

“I am truly pleased by the new appointment,” stated Ms. Haddad. “We are delighted with our customers’ positive reception of Patriot Technology products and are committed to delivering premier solutions to the insurance industry.”

About Patriot National

Patriot National, Inc. is a national provider of comprehensive technology and outsourcing solutions that help insurance companies and employers mitigate risk, comply with complex regulations and save time and money. Patriot National provides general agency services, technology outsourcing, software solutions, specialty underwriting and policyholder services, claims administration services, and self-funded health plans to its insurance carrier clients, employers and other clients. Patriot National is headquartered in Fort Lauderdale, Florida.  For more information about Patriot National, please visit www.patnat.com.

About Patriot Technology Solutions, Inc.

Patriot Technology Solutions (“Patriot Technology”) is a leading provider of technology solutions for the property and casualty insurance industry. Patriot Technology focuses on insurance solutions that spotlight a full core insurance suite solution with implementation expertise and including; professional and consulting services and enterprise data analytics with a cloud-based SaaS model. Patriot Technology delivers solutions that provide carriers with premium growth, policyholder retention while lowering their cost of acquisition and reducing their overall servicing cost. Patriot Technology Solutions is headquartered in Fort Lauderdale, Florida with offices worldwide. For more information about Patriot Technology, please visit www.ptsglobal.com.

Forward Looking Statements

This press release may include statements that may be deemed to be forward-looking statements. Words such as “may,” “will,” “should,” “likely,” “anticipates,” “expects,” “intends,” “plans,” “projects,” “believes,” “estimates,” “positioned,” “outlook,” “Guidance,” and similar expressions are used to identify these forward-looking statements. By their nature, forward-looking statements involve risks and uncertainties, and there are important factors that could cause actual results to differ materially from those indicated in these statements, including the potential that we may not accelerate our expansion into telemedicine.  For example, we may not be able to place insurance policies for our clients, our expenses may be higher than we expect, we may have difficulty integrating new acquisitions, new acquisitions may not perform as anticipated, as well as those matters contained in our filings with the Securities and Exchange Commission. Although we base these forward-looking statements on assumptions that we believe are reasonable when made, we caution you that forward-looking statements are not guarantees of future performance or events and that results may differ materially from statements made in or suggested by the forward-looking statements contained in this press release. Any forward-looking statement that we may make in this press release speaks only as of the date of such statement, and we undertake no obligation to update any forward-looking statement or to publicly announce the results of any revision to any of those statements to reflect future events or developments.

 

Media and Investor Contact:
Cindy Campbell
Director of Investor Relations
Patriot National, Inc.
(954) 670-2907
[email protected]

Patriot Technology Solutions Selected by South Carolina State Accident Fund

 ET | Source: Patriot National 

FORT LAUDERDALE, Fla., March 27, 2017 (GLOBE NEWSWIRE) — Patriot Technology Solutions, Inc. (“Patriot Technology”), a subsidiary of Patriot National, Inc. (NYSE:PN), today announced that the South Carolina State Accident Fund (“SAF”), the leading provider of workers’ compensation insurance in South Carolina, has chosen Patriot Technology’s flagship platform, PN InsuranceExpert™, to replace and modernize its current claims, policy and forms systems.

SAF plans to implement Patriot’s entire SaaS insurance value chain software suite, including: QuoteExpert, PolicyExpert, BillingExpert, ClaimsExpert, ReinsuranceExpert, Agency Portal, Customer/Policyholder Portal, Claimant Portal, and Business Partner Portal.

“We are excited to partner with SAF on this project to replace their legacy systems with our entire value chain software suite, which is critical to operating efficiently in today’s competitive environment,” said Judith Haddad, President and CIO of Patriot Technology Solutions. “PN InsuranceExpert, along with our other core technology solutions, are the driving force behind Patriot’s unique position in the marketplace.”

“As a part of our overall commitment to the businesses and people of South Carolina, SAF sought technology-enabled innovation which would allow us to provide unmatched quality service,” said Harry Gregory, Director of the South Carolina State Accident Fund. “Modernizing our current technology with the PN InsuranceExpert solution provides us with industry leading functionality in a truly integrated platform that will improve efficiency, reporting capabilities, data security, and the overall customer experience. We are excited about the future and look forward to a long and mutually beneficial relationship with Patriot.”

About South Carolina State Accident Fund

The South Carolina State Accident Fund is the leading provider of workers’ compensation insurance in South Carolina. Since 1943, SAF has provided a continuous, guaranteed source of cost effective workers’ compensation coverage. Today SAF serves nearly 700 employers and 200,000 employees throughout the state.

About Patriot National

Patriot National, Inc. is a national provider of comprehensive technology and outsourcing solutions that help insurance companies and employers mitigate risk, comply with complex regulations and save time and money. Patriot National provides general agency services, technology outsourcing, software solutions, specialty underwriting and policyholder services, claims administration services, self-funded health plans and employment pre-screening services to its insurance carrier clients, employers and other clients. Patriot National is headquartered in Fort Lauderdale, Florida. For more information about Patriot National, please visit www.patnat.com.

About Patriot Technology Solutions, Inc.

Patriot Technology Solutions (Patriot Technology) is a leading provider of technology solutions for the property and casualty insurance industry. Patriot Technology focuses on insurance solutions that spotlight a full core insurance suite solution with implementation expertise and including; professional and consulting services and enterprise data analytics with a cloud-based SaaS model. Patriot Technology delivers solutions that provide carriers with premium growth, policyholder retention while lowering their cost of acquisition and reducing their overall servicing cost. Patriot Technology Solutions is headquartered in Fort Lauderdale, Florida with offices worldwide. For more information about Patriot Technology, please visit www.ptsglobal.com.

Forward Looking Statements

This press release may include statements that may be deemed to be forward-looking statements. Words such as “may,” “will,” “should,” “likely,” “anticipates,” “expects,” “intends,” “plans,” “projects,” “believes,” “estimates,” “positioned,” “outlook,” “Guidance,” and similar expressions are used to identify these forward-looking statements. By their nature, forward-looking statements involve risks and uncertainties, and there are important factors that could cause actual results to differ materially from those indicated in these statements. For example, our solutions may not perform as anticipated, as well as those matters contained in our filings with the Securities and Exchange Commission. Although we base these forward-looking statements on assumptions that we believe are reasonable when made, we caution you that forward-looking statements are not guarantees of future performance or events and that results may differ materially from statements made in or suggested by the forward-looking statements contained in this press release. Any forward-looking statement that we may make in this press release speaks only as of the date of such statement, and we undertake no obligation to update any forward-looking statement or to publicly announce the results of any revision to any of those statements to reflect future events or developments.

Media and Investor Contact: Cindy Campbell Director of Investor Relations Patriot National, Inc. (954) 670-2907 [email protected]

Related Articles 

other press releases by Patriot National

Patriot National Reports Results for the Fourth Quarter and Year Ended December 31, 2016; Provides 2017 Outlook

Patriot National to Release Fourth Quarter and Full Year 2016 Financial Results on March 14 — Company Changes Date of Earnings Announcement

Patriot National Announces Earnings Release and Conference Call for Fourth Quarter and Full Year 2016 Financial Results

Global HR Research and iCIMS Announce Partnership to Streamline and Enhance Pre-Employment Screening

Patriot Technology Solutions Launches InsurePay Plus™ Billing Tool for Premium Finance Companies

Company Release – 11/7/2016 4:15 PM ET

FORT LAUDERDALE, Fla., Nov. 7, 2016 /PRNewswire/ — Patriot Technology Solutions, Inc., a subsidiary of Patriot National, Inc. (NYSE: PN), today announced the launch of InsurePay PlusTM, an innovative payroll-based payment solution for workers’ compensation policy holders that utilize premium financing. InsurePay Plus allows these policyholders to take advantage of its pay-as-you-go billing tool.
Patriot National, Inc. is a leading provider of technology and outsourced services to the insurance industry. The company was founded by Fort Lauderdale based entrepreneur Steven Michael Mariano.

Many workers’ compensation policyholders secure premium financing in order to improve cash flow and avoid the demand for large deposits at policy inception or renewal. InsurePay Plus allows premium financing companies to reduce policyholders’ upfront deposits by accurately reflecting payments based on policyholder’s actual payroll rather than estimated payroll. InsurePay Plus also simplifies administration for policyholders and reduces audit discrepancies, and its electronic billing process improves collection rates and minimizes administration costs for premium financing companies.

“Together premium financing and InsurePay Plus allow policyholders and carriers to significantly improve their cash flow related to workers’ compensation premiums,” said Jeff Harris, Executive Vice President – Business Development of Patriot National. “The burden of upfront deposits for policyholders and the potential for bad debt exposure for premium finance companies are significantly reduced using InsurePay Plus.”

InsurePay Plus’ industry-leading solution is currently available for workers’ compensation policies financed by FIRST Insurance Funding, one of the largest premium finance companies in the U.S.

“We are very pleased to work with Patriot to provide our premium financing services.  This relationship allows us to highlight our commitment to creating complete financial solutions for the insurance industry,” said Frank Burke, Chairman of FIRST Insurance Funding. “We look forward to lending our expertise and experience to this new product offering.”

“The launch of InsurePay Plus demonstrates our ability to address critical market needs with new innovations that will increase the adoption of our leading technology solutions and expand our customer reach,” said Steven M. Mariano, Chief Executive Officer of Patriot National.

About Patriot National

Patriot National, Inc. is a national provider of comprehensive technology and outsourcing solutions that help insurance companies and employers mitigate risk, comply with complex regulations and save time and money. Patriot National provides general agency services, technology outsourcing, software solutions, specialty underwriting and policyholder services, claims administration services, self-funded health plans and employment pre-screening services to its insurance carrier clients, employers and other clients. Patriot National is headquartered in Fort Lauderdale, Florida.  For more information about Patriot National, please visit www.patnat.com.

About Patriot Technology Solutions, Inc.

Patriot Technology Solutions (PatTech) is a leading provider of technology solutions for the property and casualty insurance industry. PatTech focuses on insurance solutions that spotlight a full core insurance suite solution with implementation expertise and including; professional and consulting services and enterprise data analytics with a cloud-based SaaS model. PatTech delivers solutions that provide carriers with premium growth, policyholder retention while lowering their cost of acquisition and reducing their overall servicing cost. Patriot Technology Solutions is headquartered in Fort Lauderdale, Florida with offices worldwide. For more information about PatTech, please visit www.ptsglobal.com.

About FIRST Insurance Funding

As one of the largest premium finance companies in the U.S., FIRST Insurance Funding Corp. has built a reputation for superior service, innovation and flexibility. Financing more than $6 billion annually, FIRST provides financial services to the commercial P&C marketplace, including premium financing, customized billing solutions and agency lending programs, as well as life insurance premium financing for high net worth individuals. Backed by unmatched technology, FIRST products afford insurance industry clients the ability to grow and increase their profitability. FIRST is a subsidiary of Wintrust Financial Corporation, a more than $25 billion financial services holding company, with a common stock traded on the NASDAQ Global Select Market.

For more information, visit www.firstinsurancefunding.com

Forward Looking Statements

This press release may include statements that may be deemed to be forward-looking statements. Words such as “may,” “will,” “should,” “likely,” “anticipates,” “expects,” “intends,” “plans,” “projects,” “believes,” “estimates,” “positioned,” “outlook,” “Guidance,” and similar expressions are used to identify these forward-looking statements. By their nature, forward-looking statements involve risks and uncertainties, and there are important factors that could cause actual results to differ materially from those indicated in these statements. For example, our solutions may not perform as anticipated, as well as those matters contained in our filings with the Securities and Exchange Commission. Although we base these forward-looking statements on assumptions that we believe are reasonable when made, we caution you that forward-looking statements are not guarantees of future performance or events and that results may differ materially from statements made in or suggested by the forward-looking statements contained in this press release. Any forward-looking statement that we may make in this press release speaks only as of the date of such statement, and we undertake no obligation to update any forward-looking statement or to publicly announce the results of any revision to any of those statements to reflect future events or developments.

Media and Investor Contacts:
Cindy Campbell
Director of Investor Relations
Patriot National, Inc.
(954) 670-2907
[email protected]

 

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/patriot-technology-solutions-launches-insurepay-plus-billing-tool-for-premium-finance-companies-300358529.html

SOURCE Patriot National, Inc.