Ft. Lauderdale, FL – Patriot National, Inc. (NYSE: PN), a national provider of outsourcing solutions to the insurance industry, recently announced that it has acquired InsureLinx a Florida-based company that provides technology services for workers’ compensation administration and insurance premium billing.
Through its secure, cloud-based SaaS platform, InsureLinx enables businesses to pay their premiums each pay period based on actual payroll rather than generated estimates. 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. InsureLinx will become part of Patriot Technology Services and CEO Jeff Harris will assume the role of Executive Vice President – Business Development, reporting to Steven M. Mariano, Chief Executive Officer of Patriot National.
“The acquisition of InsureLinx is consistent with our growth strategy to expand Patriot National’s value-driven end-to-end service offerings to the insurance industry,” said Steven M. Mariano. “We expect InsureLinx’s Pay As You Go and Payroll Deducted billing solutions will be major disruptors in the workers’ compensation marketplace. By eliminating large down payments, streamlining cash flows and paying premium via ACH, this technology will change the way that policyholders pay for workers’ compensation and other lines of insurance. In addition, Jeff Harris and his team have developed a network of outstanding relationships with top carriers, leading payroll software firms and payroll providers that will enhance our competitive edge in delivering technology efficiencies to our clients and creating new opportunities for growth.”
“We are very excited to join Patriot National. Steven Mariano is a leader who fully understands the vital role that technology will continue to play in the insurance industry. Beyond expanding our ability to serve a broader network of clients, we will also be part of an incredible technology team dedicated to developing new and innovative solutions for the insurance industry,” said Jeff Harris, CEO of InsureLinx.
Source: Patriot National