Bestow

A year ago, we asked our President and Co-Founder Jonathan Abelmann for his 2024 insurtech predictions. How did he do? First, this was his prediction: “In 2024 I expect we'll see a continued shift away from commoditized point solutions, and toward tech development partnerships as carriers modernize and differentiate. We’ve seen the amount of gross premium carriers reinvest into tech increase 50% year-over-year, highlighting the bias to action across the market.” So we went back to the source for an update. And it’s fair to say this is exactly what played out from our POV. Carriers are eager to move to external partnerships, with a shift away from single-point solutions. We've seen it in our partnerships and in the conversations we're having with carriers across the industry. #LifeInsurance #BusinessStrategy #CustomerExperience #Leadership #Transformation #SaaS #InsurTech #InsuranceTechnology #DigitalTransformation #InsuranceSoftware

Did you know we’re a TPA, too? Does your tech partner provide TPA services for your business blocks? Bestow does, and here’s how. 🟣 We do the work: Our experienced CX team fields chats and calls from your clients and agents, providing best-in-class service for policy updates and inquiries. 🟣 Our admin platform: With our modern admin system, we support thousands of inforce policies to the delight of our carrier partners. 🟣 DIY or DI w/ Bestow: We offer user-friendly portals for agents and clients—whether they prefer self-service or connecting with our team via chat or phone. #LifeInsurance #BusinessStrategy #CustomerExperience #Leadership #Transformation #SaaS #InsurTech #InsuranceTechnology #DigitalTransformation #InsuranceSoftware

Move faster. Launch more efficiently. Win insurance market share. Bestow is shortening the timeline to launch new products in the market, and making carriers more competitive for the attention of the modern consumer.

🔥 Hot takes: Our LIMRA Life and Annuities Conference 2025 recap 🔥 We met a lot of folks eager to bring transformation to their carriers, yet frustrated with current progress. What’s going wrong? There were a few interesting themes. 1. Timelines push a little bit, then a little bit more, then a little bit more. And before you know it, the efficiency you paid a premium for has vanished. 2. Nickel and dime-ing. Carriers are fed up with it and looking for more transparency in pricing and good faith partners. 3. Adding modern modular solutions to legacy tech solves some problems (ie: faster payments processing), but it creates new ones (ie: creating a scavenger hunt through multiple systems for fraud investigators). The idea of an end-to-end solution was enticing, but often intimidating given previous investments. A lot of folks were curious about Bestow. Some had read about the massive new market we’d helped Nationwide open up or the significant increase in term sales we’d helped to deliver for them. Others wanted the details on selling our carrier business. (We're all enterprise all the time, bay-bee!!) All of them were trying to navigate the rapid transformation technology is making in the insurance space, and it was a great chance to chat with folks navigating the same waters we are. We looking forward to seeing everyone at LIMRA’s Annual Conference in September. 

VP Customer Success Paul Rasmussen visited the InsurTech NY conference this week and ran into our old friends from Bevel. Big things are happening in Insurtech, wouldn't you agree Bo Hu and Eric Powell?

Had an absolute blast catching up with old friends and making new industry connections at LIMRA 's Life and Annuity conference! A few highlights and takeaways: -> I'm mildly obsessed with my amazing teammates Carly Fetzer Paul Rasmussen Lena Chukhno 🇺🇦 Jill Beeler Bradley -> Fancy steak dinners with Partners are the best kind of dinners Ken Leibow Alistair Firmin Brian Clark -> It was pure kismet when the person I was hoping to meet Laurel Jordan ended up sitting right across from me at dinner (and was even able to convince me to try a scallop for the first time ever) Lucy Graham Kevin Walma -> I always look forward to catching up with some of my favorite former colleagues Sandy Majewski Michelle Brands Thomas Spalthoff -> Thanks Kartik Sakthivel, Ph.D. for laughing at my jokes (even if no one else got them) And Happy Birthday Tina Beckwith, MBA ! -> Finally, thanks LIMRA for serving icy cold Philadelphia Eagles Super Bowl Bud Lites, GO BIRDS! 🦅 If I missed connecting with you in NOLA, please reach out... I'd love to chat! Bestow #insurancetechnology #insuretech #limra #loma #lifeinsurance #annuities #womenininsurance

✈️ This is your captain speaking. ✈️ Our pilot approach is the key to avoiding internal builds gone sideways and over budget. Our latest blog post is all about the importance of speed to market, and how Bestow’s pilot approach helps carriers capitalize quickly on market opportunities while delivering on ROI quickly. https://lnkd.in/g_GsfUZj

Show of hands: who's going to the InsurTech NY conference in New York City? ✋✋✋✋ If you’ve got transformation questions, we should connect. We might just have your solution. Reach out to our CRO Lena Chukhno 🇺🇦 to learn more.

It may be cloudy in New Orleans, but the mood is bright on day 2 of LIMRA Life and Annuities Conference. We've bringing koozies and an industry-changing software platform to booth #501 today. Meet Paul Rasmussen, Carly Fetzer, Lena Chukhno 🇺🇦, and Christine Seidman.

If you'll be at LIMRA this week, we'd love to connect! Reach out to any member of our team.