SelmanCo markets and administers insurance programs for over 800 financial institutions nationwide and internationally, and we have developed solid relationships with over 25 independent brokerage agencies with the ability to reach all fifty states. Insurance administration for financial institutions is a core function that helps our clients add value, increase member engagement, and generate revenue beyond assets under management and fees.
Credit unions and financial institutions work diligently to build lifelong financial partnerships with their members. Through affordable financial products and member benefits, banks and credit unions strive to ensure the financial well-being of their members. Today, we provide comprehensive customer service to millions of financial institution members and customers nationwide. We continually strive to expand our product offerings.
SelmanCo has established strategic and beneficial relationships with nationally recognized, quality insurance companies highly rated by A.M. Best Company and other independent industry analysts. Our strength, leadership, and execution are widely recognized and valued by many of the world’s largest and most financially secure insurance companies, giving SelmanCo the opportunity to deliver the best combination of products and services to our clients based on their specific demographics and needs.
Adding a group, discounted insurance program, or enhancing a current program is an excellent way to do the following:
Specialist Medical Association – SelmanCo assumed the management of administrative functions for the life and accident program for a Specialist Medical Association in 2011. Following the transition, the program continues to grow by offering products to association members. We efficiently administer more than $1.4 million in insurance premium.
Large Alumni Association – We administer a $3.5 million block of life and disability income insurance sponsored by a Large Alumni Association. Benefits are underwritten by multiple carriers and administrative stability is paramount. More than 4,500 policies converted to SelmanCo's insurance administration platform during the transition, with the goal of ensuring broader data security and easing member access to make payments and policy changes. In addition, as the Alumni Association transitioned from direct mail to digital marketing, SelmanCo was retained to manage all new digital marketing efforts through the utilization of email, content marketing, banner ads, and re-marketing channels.
For more information about improving revenue and increasing the value of your membership, contact us:
SelmanCo is one of the largest, privately-held US life and supplemental health insurance administration firms that specializes in reducing cost and increasing efficiency for associations, credit unions, banks, employers, and insurance companies. Our workforce of 200 professionals is headquartered in Cleveland, OH, with offices in Keene, NH and Baltimore, MD.
