Aurea, a business management technology provider, has launched its Insurance Solutions division, following merger with Trilogy Insurance & Financial Services.
Under the terms of the agreement, Aurea Insurance Solutions will continue to be managed by Joe Kelley.
Commenting on the deal, Kelley said that Aurea's added talent and resources have already accelerated the evolution of its Distribution Channel Management (DCM) solution, which is core to its customers' operations.
"By merging with Aurea, we enhance our ability to present innovative offerings to our customers. Uniting these two forces will help them seize new opportunities and tackle the challenges of today's dynamic insurance market to achieve breakthrough results."
Aurea Insurance Solutions offers better speed and flexibility to insurers, which allows them to release new products and compensation plans in weeks.
Furthermore, it also helps to slash the cost associated with managing producers across the lifecycle by up to 80%, while offering 100% percent automated compliance with all federal and state regulatory agencies, including NIPR and FINRA.
Serving more than 1,500 clients globally, Aurea helps to manage critical, high-value business processes with innovative technology and deployment know-how in intelligent business process management, application and data integration software.
