Wednesday, December 7, 2022
HomeInsuranceConsistency in wake of competitor exits spells alternative for Ok&Ok

Consistency in wake of competitor exits spells alternative for Ok&Ok


It has been a yr of celebration for Fort Wayne-based Ok&Ok Insurance coverage, because it named a brand new CEO and president and marked an vital anniversary – and with some opponents leaving its markets, its huge yr additionally spells alternative.

The specialty sports activities, leisure, leisure and motorsports enterprise has now been catering to insurance coverage wants for 70 years and even has its personal official Ok&Ok Insurance coverage Day.

“Might is critical for Ok&Ok as 5 years in the past on our sixty fifth anniversary the Metropolis of Fort Wayne proclaimed Might 10 Ok&Ok Insurance coverage Day and the Indiana Senate formally acknowledged our vital contributions to the motorsports, sports activities and recreation insurance coverage business,” Ok&Ok CEO and president Ron Norton (pictured) instructed Insurance coverage Enterprise.

Norton, a 36-year Ok&Ok veteran, stepped into the CEO and president function in July when Todd Bixler, who had led the agency for 12 years, retired. With Norton’s promotion, Stephanie Waldron, previously SVP of occasions and sights on the Aon-owned enterprise, was named Ok&Ok chief underwriting officer.

Ok&Ok typically promotes from inside, Norton instructed Insurance coverage Enterprise, and employees are appreciative of the “alternatives for progress” that this presents. In the meantime, its repute as a long-term employer within the space makes it a vacation spot for native expertise.

Catering to purchasers throughout the US and Canada, Ok&Ok is targeted on offering a “constant supply” of protection and claims help for insurance coverage patrons and it achieves this by way of sturdy hyperlinks with insurer companions.

“We companion with a number of extremely rated, financially sound, insurance coverage corporations in order that we stay a secure market for insurance coverage brokers and brokers,” Norton mentioned.

“The insurance coverage firm varies by program; as a result of the protection wants differ between, for instance, a well being membership and a motorsports facility, we select the perfect match for the chance and the insurance coverage corporations with whom we companion.”

The enterprise boasts greater than 70 packages and up to date additions embrace staff’ compensation protection for sports activities, leisure, recreation, and motorsports organizations.

Ok&Ok has seen “heightened curiosity” this yr in its campground, motorsports, well being membership, novice sports activities, and vacationer attraction packages, “partially resulting from opponents leaving the market”, Norton mentioned, but in addition resulting from an easing of COVID disruption.

“COVID was actually a disruptor for lots of the organizations we insure and it’s secure to say we’re all joyful to see sports activities and leisure organizations thriving once more,” Norton mentioned.

“Whereas COVID was extraordinarily difficult, our underwriters and claims consultants perceive the bizarre dangers our insureds expertise and are all the time ready to supply protection and loss management options.”

The enterprise has continued so as to add new protection and capability to its present program companies because it targets double digit natural progress and expects to launch a brand new program in 2023 – brokers and brokers ought to “keep tuned”, Norton mentioned.

Ok&Ok doesn’t impose quantity commitments for its agent companions.

“Our objective is to make it straightforward for licensed producers to put enterprise with us,” Norton mentioned.

“No prior appointment or settlement is critical to submit functions for a protection citation.”

Brokers even have direct entry to underwriting employees, whereas its gross sales crew goals to rapidly reply to new enterprise alternatives. One factor that Norton mentioned units the enterprise aside is its in-house claims employees.

“Their understanding of the distinctive dangers and the way the insurance policies are written inherent to sports activities and recreation organizations permits Ok&Ok to offer well timed and applicable claims decision service,” Norton mentioned.

Ron Norton has been within the insurance coverage enterprise for 36 years. As president and CEO at Ok&Ok Insurance coverage, Norton’s objective is to proceed attaining double digit natural progress whereas sustaining the profitability every of the 70 packages are presently attaining.   

RELATED ARTICLES

Most Popular

Recent Comments