MassPrinting Increases Insurance Services Revenue 24% in 2018
Increase Fueled by The General and Expansion of BriteCore Relationship
BOSTON, Mass. - March 6, 2019 - Shifting consumer expectations, heavily influenced by technological advancements, have dramatically changed the nature of policyholder communications in the insurance industry. MassPrinting, operating at the intersection of policyholder communications and technology, emerged in 2018 as a leading solution for insurance carriers looking to adapt to meet the expectations of policyholders.
Today MassPrinting announced it increased year-over-year insurance services revenue in 2018 by 24%.The company’s products and services helped carriers across the country solve their document output challenges and evolve to meet the demands of tomorrow’s policyholders.
Client Growth - MassPrinting’s 2018 revenue growth was driven by its new relationship with The General® and the addition of nine new clients through its partnership with BriteCore, including CFM Insurance and Loudoun Mutual Insurance Company. Building on the success of 2018, the pipeline for 2019 is already surpassing revenue added in 2018.
Technology Investment - MassPrinting invested in a new technology infrastructure that will allow it to offer clients expanded technology products and solutions, as well as quicker implementations. This technology infrastructure and corresponding products is planned to be brought to market in 2019.
“We continue to see opportunities to help carriers modernize their document output and adapt to the shifting preferences of policyholders,” said Andy Pallotta, President of MassPrinting. “Technology is important, but so is insurance knowledge. Last year’s revenue growth was a testament to the insurance industry recognizing MassPrinting’s ability to offer insurtech solutions that are both innovative and pragmatic.”
About MassPrinting Inc.
MassPrinting has over 20 years of experience providing document output solutions to meet customer needs. Our vast experience working with insurance carriers has enabled us to know their specific challenges so we can deliver simple solutions through innovative technology.