Recently, Digital Insurance – a wholly-owned subsidiary of Fidelity National Financial, Inc. (FNF - Snapshot Report) – announced a partnership with CUNA Mutual Group, a financial service provider dedicated to catering to the members and customers of employee unions. Consequently, the company’s unit – Digital Benefits Advisors will use its proficiency to assist credit unions in dealing with the complex requirements of the Affordable Care Act and managing their employee benefits strategy, along with providing additional resources and superior customer services.
Digital Insurance is the leading employee benefits-only agency in the U.S., which has the most sophisticated technology. Digital Benefit Advisors is its largest division. The healthcare reform has altered the dynamics of employee health plans. The partnership will help meet a necessary business requirement of CUNA’s customers by providing them with knowledge about the healthcare reforms and helping them modify their employee benefit packages in a subjective manner.
Digital Benefit Advisors efficiently integrates the expertise of local market advisors with innovative technological solutions and resources of a major American company. This combined solution helps employers gain access to various efficient tools and proprietary products to meet the complex demands of the healthcare reform law.
Moreover, Digital Insurance hired a person with ample experience in credit union employee benefits to supervise its credit union services.
Fidelity National currently carries a Zacks Rank #1 (Strong Buy). Other property and casualty insurers worth considering are AmTrust Financial Services, Inc. (AFSI - Snapshot Report), Cincinnati Financial Corp. (CINF - Analyst Report) and First American Financial Corporation (FAF - Snapshot Report), all of which carry the same Zacks Rank.