Sproutt, the life insurance company that modernises life insurance for agencies, agents, and their customers, has announced the launch of Sproutt SmartLife for Agencies.
The insurtech has also revealed its acquisition of The Reder Agency, a full-service life insurance brokerage specialising in the traditional and senior markets.
SmartLife for Agencies brings to market an AI-assisted first-of-its-kind platform for all aspects of agency business, while the acquisition of The Reder Agency will add over 400 agents nationwide to Sproutt’s growing network of producers as part of its evolution toward becoming a full-service distribution ecosystem. The Reder Agency’s principal owner, Ben Reder, will join Sproutt as the Senior Vice President of Distribution.
The acquisition of The Reder Agency greatly expands the adoption of Sproutt’s SmartLife platform by introducing it to hundreds of experienced life insurance producers, cementing the company’s evolved mission of serving as the digital home for the roughly 1.2 million insurance professionals in the U.S. With a shared vision to innovate and scale the insurance sales process, the Reder Agency acquisition enables Sproutt to accelerate growth and offer increased value to life insurance producers.
Sproutt enables real-time decision-making
Sproutt’s SmartLife platform allows agents, via the Agent Portal, to make real time decisions to effectively serve the needs of their clients. Within minutes, agents can offer tailored life insurance solutions with top rated carriers and a full spectrum of proprietary products, from term to whole life, with greater ease, speed, and efficiency.
Speaking about the launch, Sproutt’s Yoav Shaham, CEO and Co-Founder, said: “We are excited to announce our new offering for agencies, which supercharges organisations with the necessary AI tools and products to maximise their distribution, as well as the acquisition of The Reder Agency, which adds hundreds of proven life insurance producers onto the Sproutt platform.”
“I am thrilled to have Ben joining the Sproutt team, as we share the belief that this acquisition will be a major step in Sproutt’s commitment to be the platform of choice for insurance producers and brokers across the country” .
He continued: “Within this data-driven industry, which evaluates risk based on consumer data, our unique contribution is that our platform leverages AI to maximise agent production, reduce friction in the sales journey and modernise traditional insurance processes for carriers.”
For Ben Reder, an insurance industry veteran and owner of The Reder Agency for over a decade, this move will allow him to have a bigger impact on the life insurance agents and agencies that he is currently working with, as well as provide incredible value for future partnerships.
As Senior Vice President of Distribution, he will continue his focus on providing top tier services and support, while benefiting from the technology and resources that Sproutt provides.
Reder added: “Insurance distribution is moving towards a unified digital experience, for both the client and the agent. Being able to partner with Sproutt and bring our decade-plus of traditional brokerage distribution expertise to a fully digital platform represents an opportunity to merge best-in-class technology with award-winning production.”
Source: Sprouttt
