CHARLOTTE, NORTH CAROLINA - (June 29, 2011) - Yodil, Inc., a provider of business intelligence (BI), data analytics, and management reporting to the insurance industry, has signed a service agreement with Synergy Coverage Solutions (SCS), an MGA specializing in workers’ compensation coverage. SCS will buy the full complement of Yodil’s data analytics and BI reporting services.
"SCS is a perfect match for us," said Fred Waite, CEO of Yodil. "They specialize in reducing loss frequency and severity by providing appropriate coverage, taking the initiative in loss prevention, and ensuring results-driven claims service. We specialize in analyzing their data and delivering the BI by which they monitor, measure, and manage their practice. Rather than taking their insurance experts offline to research data, develop analytics tools and processes, and experiment with reporting options, they put our insurance experts online to do it for them. We enable them to focus on their core competencies by applying ours."
"We thought we knew what we wanted," said Bruce Flachs, CEO of SCS. "But we didn’t know what we needed or what was available. Since the Yodil team comprises insurance experts who happen to deliver BI, they knew exactly what we needed and had it available. We look forward to what we accomplish next, given the intelligence now at our daily disposal."
SCS is a managing general agency, specializing in workers’ compensation services. SCS has a track record of dramatically reducing loss frequency and severity through our proactive claims and results oriented loss prevention. SCS contracts with insurance carriers to provide workers' compensation insurance services to independent insurance agents and their clients. Coverage can be written using retrospective rating plans or guaranteed cost basis. For more information about SCS, visit www.synergyinsurance.net.