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Excess Share Insurance Launches Campio

In a significant move meant to bolster the insurance landscape for credit unions, Excess Share Insurance Corporation (ESI) has partnered with financial technology giant Acrisure to unveil Campio. This new insurance agency is tailored specifically for credit unions and their members, seeking to address the rising demands of the marketplace.

A Much-Needed Solution

Embarking on its journey during the prestigious Governmental Affairs Conference (GAC) in Washington, D.C., starting from March 1, Campio aims to make substantial strides in an industry that serves a hefty 144 million members. The motivation behind launching Campio comes in response to the growing complexities of operational demands faced by credit unions and their members. As these institutions navigate an ever-evolving risk landscape, they are in search of customized solutions that not only meet their regulatory requirements but also resonate with their members’ expectations.

According to Greg Williams, Co-Founder and CEO of Acrisure, credit unions now operate in a highly intricate risk environment. With a focus on delivering personalized support and solutions specifically designed for this sector, Campio combines Acrisure’s extensive resources with in-depth credit union expertise. This union promises to offer innovative, competitive, and practical insurance solutions uniquely tailored for credit unions, ensuring that they are well-equipped to face regulatory guidelines and operational challenges.

Comprehensive Insurance Offerings

Campio's primary product is a comprehensive bond package explicitly designed for credit unions, which includes fidelity bonds—regulatory requirements that protect organizations from losses due to fraud, dishonesty, or cyber-related incidents. In light of the heightened challenges posed by a narrowing fidelity bond market and rising costs, Campio positions itself as a highly competitive alternative, providing reliable coverage and simplifying the implementation process for credit unions.

Moreover, this comprehensive approach is backed by access to leading insurance carriers coupled with expert guidance from licensed agents. Such resources are invaluable for credit unions looking to navigate the nuances of regulatory compliance while effectively managing their operational risks.

Leadership and Future Prospects

At the helm of Campio is Jennifer Middendorf, a seasoned professional with extensive knowledge in insurance, banking, and wealth management. Under her leadership, the agency is committed to delivering straightforward, easy-to-implement programs that seamlessly align with the realities faced by credit unions today. Middendorf emphasizes the necessity for credit unions to reassess their protective strategies in light of the shifting risk profiles propelled by technological advancements.

"Technology has reshaped the risk profile of today's credit unions," she states. The focus is on developing practical solutions that not only comply with regulatory frameworks but also ultimately support the overall governance by boards overseeing these financial institutions.

About Campio and ESI

Campio operates under the umbrella of ESI Insurance Solutions, LLC, specialized in providing insurance solutions uniquely designed for credit unions. Their aim is straightforward: to give credit unions viable choices that resonate with their specific needs, helping them protect their members effectively while fostering the future health of the credit union sector.

As a reliable entity in the insurance landscape, Excess Share Insurance Corporation (ESI) has been operational since 1993, focusing on providing property and casualty insurance for both federally and privately insured credit unions. ESI’s innovative initiatives allow credit unions to offer personalized protection to members with deposit accounts exceeding $250,000.

Looking Ahead

As Campio ventures into the market, its success will undoubtedly hinge on its ability to adapt to the fluctuating needs of credit unions while fostering a collaborative environment within this sector. For further insights into Campio’s offerings tailored for credit unions, interested parties can visit ChooseCampio.com. With this launch, ESI and Acrisure are poised to redefine the insurance landscape for credit unions, ensuring they remain robust and supported in an ever-changing financial world.