Indiana-based Security Federal Savings Bank has launched bank-owned full-service insurance agency Security Federal Insurance Services on InsurTech100 company Insuritas’ platform.
“We are excited to help launch Security Federal Savings Bank’s new, full-service insurance agency,” said Jeffrey Chesky, CEO of Insuritas. “Through our partnership, Security Federal’s new agency will offer their retail and commercial customers access to all of the insurance coverages they need from a large group of insurance carriers competing for their business, furthering the Bank’s commitment to being community centric and socially focused.”
Security Federal Insurance Services is poised to enable the bank to offer its customers and the communities it serve the insurance and risk management products they need, all under the Security Federal Savings Bank brand that their customers know and trust.
Annette Russell, president and CEO of Security Federal Savings Bank, added, “Launching Security Federal Insurance Services today will allow our customers to shop for the auto, home, life and business insurance they need from the bank they trust. Dozens of insurance carriers will be featured in our agency, all competing to offer our customers the right combination of price, coverage and service. Every one of our customers buys insurance every year, and we create insurance buyers every time we approve a loan. In opening our wholly-owned insurance agency, we are able to continue our commitment to promoting flexible solutions, innovation, empowerment and growth.”
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