Diversity Group International (PINKSHEETS: DGIN) today announced that it is in preliminary discussions regarding its Interest Rate Management Account (IRMA) and Interest Rate Optimization Strategy (IROS) products with three undisclosed insurance carriers.
DGI's partner Northstar Brokerage maintains relationships with more than 30 insurance carriers and over 10 banks. The two companies are forging an innovative and exclusive approach to the management of interest rate risks for the premium finance industry. IRMA and IROS are a unique, dynamic solution for insurance carriers who are seeking premium financed insurance solutions.
"IRMA and IROS are the new gold standard in premium financed insurance," says Diversity Group's CEO Kevin Bobryk. "We expect these premium marketing centers to drive significant and expanded demand for our IRMA and IROS products."
DGI is pursuing these key marketing centers to create a leveraged sales force. As an agent's premium finance case flows into the insurance carrier, the carrier will act as a referral conduit, sending the agent and case towards DGI for its interest rate management solution.
Capturing a small segment of the thousands of cases flowing through US carriers every year represents a significant opportunity for the firm.
About Diversity Group International Inc.: Diversity Group International (DGI) is a U.S. based company listed under the symbol DGIN. DGI specializes in the development and delivery of interest rate, currency and Insurance related products and services in both the domestic (U.S.) and International markets.
About Northstar Brokerage: Northstar Brokerage is a national Life, Annuity, LTC and Disability Brokerage organization providing top contracts, services and products to 15 regional and national wholesaling firms, currently 5 broker-dealers and more than 1600 professional Advisors in 21 states. As a national marketing firm, Northstar Brokerage and its partner affiliates generate in excess of $300 million in sales annually.