Provana Partners With Finexus Insurance Agency To Offer Property & Casualty Insurance Benefits To Customers – InsuranceNewsNet

–News Direct–

Provana, provider of the industry’s first unified platform for compliance and performance management, today announced a partnership with Finexus Insurance Agency to provide customers with greater access to property and casualty insurance offerings, including potential discounts for users of Provana’s compliance solutions. Finexus Insurance Agency, LLC is the leading provider of property and casualty insurance to the collection industry companies across the country, founded by industry veteran, Katie Zugsay.

Mrs. Zugsay is an attorney who previously served as Corporate Counsel and Chief Compliance Officer at a top collection agency and as a Customer Service Executive at one of the nation’s largest insurance agencies, where she helped design plans of bespoke coverage for clients of publicly traded financial services. She founded Finexus to bring highly personalized and high-level services to collection agencies, helping insurers better understand the unique compliance investment agencies have already established. The result is right-sized insurance coverage, often at a reduced cost.

“Katie’s experience in the collection industry makes her an invaluable and highly effective advocate for our compliance clients,” said Shubham Bhargava, Head of Compliance Solutions at Provana. “Her expertise will enhance the value we are able to provide to our users, with the goal of offering discounted insurance rates for their adoption of Provana.”

“Provana is the industry expert when it comes to compliance and their customers deserve to be fairly compensated for adopting advanced technology that reduces their exposure to risk,” said Katie Zugsay, Chief Executive Officer at Finexus. “This benefit is the first of its kind and we are excited to provide innovative compliance and assurance offerings to organizations within the accounts receivable management industry.”

Benefits for collection law firms

Legal collection firms are a prime target of cyberattacks. Finexus can help Provana law firm clients by maximizing quote options and minimizing declines and restrictions from cyber carriers. This is especially timely, given that the FTC Protection Act is likely to go into effect for startup law firms. December 9, 2022.

Benefits for debt buyers and collection agencies

Debt buyers and debt collection agencies that are IPACS customers can now work with Finexus to ensure that their organization, in addition to their vendors, has the necessary coverage to protect sensitive customer information at the right cost.

circle Finexus Insurance Agency, LLC

Finexus helps facilitate trust and understanding between insurers and insureds while helping customers understand the important coverages they have purchased. Finexus’ team of agents and brokers has access to an extensive list of insurance carriers willing to write competitively priced coverage for collection agencies, providing clients with expanded options and negotiating leverage. Finexus focuses on property and casualty insurance coverages, including workers’ compensation, E&O, directors and officers, cyber security, crime, employment practices liability and bonds. For more information, visit or call 1-800-831-6018.

About Provence

Provana is a SaaS platform that gives executives control over process-intensive operations. We serve law firms, insurance companies, accounts receivable agencies and networked enterprises in the highly regulated US market. CFPB and other authorities. Provana is built on decades of experience in machine learning and natural language processing and helps customers manage sensitive interactions, analyze unstructured data, process personal information and ensure compliance. Provana is backed by a NYC-based Fintech PE, recently raising funds in November 2020. Learn more at

Contact details

Britney Schaeffer

+1 469-774-2409

[email protected]

Company website

View source version on

Leave a Comment

Your email address will not be published. Required fields are marked *