Sign In  |  Register  |  About Mill Valley  |  Contact Us

Mill Valley, CA
September 01, 2020 1:29pm
7-Day Forecast | Traffic
  • Search Hotels in Mill Valley

  • CHECK-IN:
  • CHECK-OUT:
  • ROOMS:

FatBrain AI Subsidiary, Intellagents, Inks Deal With $3 Billion EngageSmart Inc. Subsidiary To Provide Premier Billing And Payments Experience ($LZGI)

FatBrain AI Subsidiary, Intellagents, Inks Deal With $3 Billion EngageSmart Inc. Subsidiary To Provide Premier Billing And Payments Experience ($LZGI)

Intellagents is showing why FatBrain AI (OTC: LZGI) was eager to acquire them; they are a company in hypergrowth. Better still, they are showing no signs of slowing. On Tuesday, a press release from $3.15 billion market cap company, EngageSmart, Inc. (NASDAQ: ESMT), announced its new relationship with insurance software supplier, Intellagents, to provide insurance carriers and their policyholders with a premier billing and payments experience. More about the agreement will be shared at the ITC Conference on September 20-22 in Las Vegas.

But here's what's known; it's a value driver for both. And those taking advantage of the ground floor investment opportunity in LZGI may benefit sooner than later. In addition to aligning itself with a more than $3 billion company, the LZGI asset expects to show plenty more. In fact, its deal with InvoiceCloud to offer policyholders a superior customer experience without straining the insurance company's limited internal resources could be the first of many. That's because Intellagents offers what an evolving insurance industry needs- access to digitally-focused services that utilize Artificial Intelligence (AI) to quickly deliver actionable and precise decision-making data.

The relationship is indeed a win-win proposition. It's also timely. Like other sectors, large and small players in the insurance industry are experiencing a shortage of resources, including trained internal IT staff, which limits their quick access to the newest technology. It's a problem Intellagents wants to solve and, in the process, exposes a value proposition in LZGI that may be too good to ignore. That's a bold presumption but warranted.

Solving An Insurance Industry Dilemma

Moreover, Intellagents makes its case, providing access to over 60 integrations in the marketplace that can all be implemented through a single API, alleviating the internal IT team's burden for implementation. It makes an already strong InvoiceCloud better by delivering a combined product serving client companies with its inbound premium and outbound payments solution, along with Intellagents' option of more than 60 insurance technology tools. By the way, those can be implemented into their systems to provide significantly greater resources while expending far less.

It also pairs two industry-best solutions. InvoiceCloud is a leading electronic bill payment solution that complements dozens of other Insurtech and data providers in the insurance Ecosystem. Intellagents enhances that service with its no-code integration platform expediting the onboarding of InvoiceCloud's customers and connecting them to various billing, policy, and claim platforms. Upon implementing the combined product, carriers will quickly benefit from InvoiceCloud's superior client engagement and payment capabilities. In other words, it's an all-around accretive deal.

That includes Intellagents and its parent company, LZG International (FatBrain AI). InvoiceCloud Vice president of Insurance Julie Schieni said in its company release, "Partnering with Intellagents enables InvoiceCloud to help more insurance carriers, agents and their policyholders reap the benefits that come with digital transformation." She added, "Our rapid growth in the insurance industry demonstrates the importance of a simple and intuitive policyholder and claimant experience that drives customer satisfaction and the highest levels of digital adoption." The deal may be the precursor for more to come.

Data from an InvoiceCloud survey showed that 77% of policyholders made their last insurance payment via a digital route, indicating that digital payments are more than a trend; they are a vital part of policyholder engagement. Moreover, it exposes the more critical fact that the digital age of business is migrating quickly into the insurance industry. That's evident by the emergence of over 1000 new logos created to do insurance digitally. However, having a logo and storefront is just the first step. These businesses need to be connected.

Connecting The Insurance Masses

And that's precisely what Intellagents intends to do. Led by Mark Stenger, a 25-year industry veteran and former Chief Digital Officer at Prudential, Intellagents is on a mission to integrate insurance companies into the digital age. The opportunity isn't small. To date, investment into developing the emerging insuretech markets has eclipsed the $40 billion mark. That type of money isn't invested without a purpose, and the primary one is to create new companies intending to change and disrupt the insurance industry. Don't expect the investments to stop. Insuretech is expected to be as significant a market opportunity to the insurance industry as Fintech is to the financial sector. Fintech is on pace to become an almost trillion-dollar global market by 2030.

Intellagents is in the sweet spot of opportunity by specializing in what these emerging digitally-focused companies need: a method to connect digitally to mainstream insurance companies. Intelligents is established in principle to do just that, making it easy to connect these small companies with the giants in the industry. More importantly, from an integration perspective it is seamless, connecting and pre-integrating these small insurance companies into larger platforms enabling them to work side by side with any platform, even those dating back to the 1980s.

Providing that ability is a game-changer for the industry and its participants, especially smaller players. In fact, it can immediately open doors to opportunities for thousands of new businesses, allowing them to tap into a massive insuretech market. Not only that, by integrating with Intelligents, these nano-sized companies can get instant credibility and attract large carriers by showing substantial operating infrastructure that can deliver immediate benefit.

Put most simply, Intelligents provides the solutions needed to connect to industry behemoths, facilitating new connections to transform dated email and PDF technology into digital. By doing so, Intelligents is providing clients a cloud-based AI-empowered platform that gives a view into the industry and how carriers think, brokers think, and how different parts of the insurance business ecosystem act and interact. FatBrain AI is making it happen.

FatBrain AI Technology Is Fueling The Growth

More specifically, fueling Intellagents growth, through its peer intelligence platform that provides a behind-the-scenes view of how and why industry decisions get made. But more than just showing the process, the FatBrain AI peer intelligence platform goes a step further by helping facilitate smarter decisions based on how others will react to business opportunities. For smaller companies, having that insight can expedite growth, mitigate downside risk, attract business from large carriers, and allow them to utilize capital more efficiently.

Those are compelling reasons for the more than 35,000 independent agencies and other core providers to utilize Intellagents' platform. But that's not all. By using it, businesses are connected through the cloud, which helps generate real-time insights into how the data flows and what decisions influence markets. Those can change monthly, weekly, daily, or even by the minute. Thus, being connected matters. 

But so does simplicity, and Intellagents checks that box, providing an efficient way for businesses to implement change. Instead of the traditional manner of "welding" business points together, which can create more challenges than solutions, Intelligents provides a "break and insert" way of implementing changes, enabling a circular approach to change using a common data language to change workflows and sources of operation more effectively and quickly. Better still, clients choose from a menu of services.

For example, utilizing a Shopify (NYSE: SHOP) cart, Intellagents clients choose products from the FatBrain AI fueled platform to suit specific needs. For instance, clients that want to buy a connection to distribution channel "A," scrub out likely non-accretive addresses, and purchase detailed information about risks, including a date range, can do so. Other businesses can choose other interests. 

But what each cart shares is that Intelligents can provide in minutes what would take companies months to assemble. Also important is that Intellagents clients can further modify what they need by specifying the parameters, building the API, and simply hitting click to order. Instead of 8-12 months and potentially enormous resources spent, Intellagents provides results and actionable data in about an hour. Plus, products are industry compliant.

An Accretive Mission In Progress

The best news from an investor's perspective may be that LZGI stock is disconnected from a more reasonable and appropriate valuation. And with Intellagents onboarding as many core tech and insuretech platforms as fast as possible, this under-the-radar opportunity will likely move onto screens. In fact, its agreement with InvoiceCloud shows that business traction is getting stronger. And commentary suggests those not using Intellagents systems may soon be playing catch-up instead of leading.

Thus, Intellagents is doing the right things in the right markets at the right time. And those companies using its services can grow larger, faster. Not only that, they get the assurance of improving digital channels and future-proofing themselves against losing competitive ground from the scores of digital ecosystems and digital agencies starting to emerge. Whether businesses realize it or not, they will need the power of AI to succeed. That should keep Intellagents' momentum growing, turning this current roughly $2 million business into a revenue-generating juggernaut much faster than many expect.

In fact, targeting more than 2500 insurance carriers that are potential clients, Intellagents can be a tremendous value-creating asset for FatBrain AI. Moreover, with a deal in place with a billion-dollar company and strengthened by FatBrain AI technology providing the scale, credibility, and means to grow, Intellagents is already at an inflection point. But know this, investors wanting to take advantage may need to do so quickly. Like all excellent windows of opportunity, they can close quickly.

 

Disclaimers: Hawk Point Media, Llc. is responsible for the production and distribution of this content. Hawk Point Media, Llc. is not operated by a licensed broker, a dealer, or a registered investment adviser. It should be expressly understood that under no circumstances does any information published herein represent a recommendation to buy or sell a security. Our reports/releases are a commercial advertisement and are for general information purposes ONLY. We are engaged in the business of marketing and advertising companies for monetary compensation. Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. The information made available by Hawk Point Media, Llc. is not intended to be, nor does it constitute, investment advice or recommendations. The contributors may buy and sell securities before and after any particular article, report and publication. In no event shall Hawk Point Media, Llc. be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or made available by Hawk Point Media,, Llc., including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information in this video, article, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. Hawk Point Media, Llc. strongly urges you conduct a complete and independent investigation of the respective companies and consideration of all pertinent risks. Readers are advised to review SEC periodic reports: Forms 10-Q, 10K, Form 8-K, insider reports, Forms 3, 4, 5 Schedule 13D. For some content, Hawk Point Media, Llc., its authors, contributors, or its agents, may be compensated for preparing research, video graphics, and editorial content. Hawk point Media, LLC has been compensated up to three-thousand-five-hundred-dollars by a third party to research, produce, and syndicate video and editorial content for LZG International, Inc. As part of that content, readers, subscribers, and website viewers, are expected to read the full disclaimers and financial disclosures statement that can be found on our website.

The Private Securities Litigation Reform Act of 1995 provides investors a safe harbor in regard to forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical fact may be forward looking statements. Forward looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this action may be identified through use of words such as projects, foresee, expects, will, anticipates, estimates, believes, understands, or that by statements indicating certain actions & quote; may, could, or might occur. Understand there is no guarantee past performance will be indicative of future results. Investing in micro-cap and growth securities is highly speculative and carries an extremely high degree of risk. It is possible that an investors investment may be lost or impaired due to the speculative nature of the companies profiled. 

Media Contact
Company Name: Hawk Point Media
Contact Person: Kenny Lawrence
Email: info@hawkpointmedia.com
Phone: 3057806988
City: Miami Beach
State: Florida
Country: United States
Website: https://fatbrain.ai/


Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
 
 
Copyright © 2010-2020 MillValley.com & California Media Partners, LLC. All rights reserved.