Category Archives: Insurance

Review Of AXA And Vincent Parascandola’s Success

When one talks about leading insurance brands worldwide, he or she must mention Axa. For many years, the multinational insurance firm has dominated the industry. It started as a small firm. Today, it is a mega insurance company. The company’s history dates back to 1817 when Mutuelle de L’assurenace Contre L’incendie was founded. Its headquarters are based in Paris, France.

AXA started its operation in the United Started by acquiring Equitable. This move saw AXA Group invest $1 billion dollars in the company’s assets. Henry Hyde founded Equitable in 1959. Formerly, the entity was known as Equitable Life Assurance Society of America. Previously, the entrepreneur had worked with the Mutual Life Insurance Company of New York. As a leader in the insurance industry, Equitable had always been careful with its branding strategy. For instance, in 1870, the company moved its offices to the first office building, which had steam elevators. In 1789, it shifted to the world’s tallest office building.

In the United States, AXA provides its clients with various innovative services. They include financial advisory services, retirement investments, life insurance, and employee benefits. AXA is also aiming to be the ideal company that caters to family needs. The entity provides families with financial security and secured education future. It also has savings and investing services that would be essential to each family. AXA’s team of financial advisors is always ready to work with clients through every step of the way.

AXA has loads of services tailored to the needs of different businesses. These products are designed to help business owners to grow their businesses and get value from their investments. It also offers employee benefits and retirement plans to the companies’ employees.

About Vincent Parascandola

Vincent Parascandola is one of the key leaders of AXA in the United States. As the company’s senior executive vice president, Parascandola is responsible for the retention, recruiting, management development, sales, and productivity. In addition, he is responsible for over 400 financial professionals.

Before joining AXA, the executive leader worked for MONY Life Insurance Company and The Advantage Group. His transformative leadership earned him several awards, including GAMA’s Career Development and Master Agency Award. Vincent is a graduate of New York’s Pace University.

Plymouth Rock’s Unique and Prime Changes

 

Plymouth Rock Assurance (the auto insurance company based out of Boston) recently introduced their “Prime,” an online tool for residents in Connecticut, Massachusetts and New Hampshire which allows individuals to purchase and monitor an auto insurance policy and connect with independent agents locally.

As consumers purchase a policy at Plymouthrock.com, using the new Prime system, it is then transferred to local agents to provide assistance and advice when needed. While the agent owns the individual’s business from that point on, they are also free to make changes on the policy for improvements.

Recently the Insurance Journal published an article titled Plymouth Rock’s Prime Combines Online Sales with Independent Agent Channel (see Your text to link…) that evaluates options that consumers have when purchasing and overseeing their policies online. However Prime offers customers the help from independent agents, plus the Internet. If obtaining a quote at the company website, this information is placed into a type of quote marketplace for agents of Plymouth Rock, allowing them to obtain leads.

This company was founded by New York City born business executive and CEO of Plymouth Rock Assurance Corporation, James Stone. Educated at Harvard University, he earned a bachelor’s degree in economics and later he also taught this subject. In the 1970’s Stone served as the Commissioner of Insurance for Massachusetts and later headed to Washington D.C. where he took on the position of Chairman and Commissioner of the U.S. Commodity Futures Trading Commission.

Jim’s knowledge of building relationships and interpreting changes led him to take on the role of a government advisor for developing countries. This insurance savvy-individual also wrote several articles (and a book) about finance and the insurance industry. Jim had also been a Board of Directors member for the Boston Globe, the American newspaper which has been around since 1872.

Currently Prime’s merging of the agent and on-line experience is receiving good feedback as it has enhanced the insurance quoting process to assist customers and the independent local agent. Prime will be available to more consumers when it soo goes “live” in New Hampshire and Connecticut.