Insurance Industry Vet Brings Expertise to Proformex Team
WESTLAKE, Ohio – August 7, 2018 – Proformex, creator of an all-encompassing life insurance policy monitoring platform designed to give insurance brokerages and agents, fiduciaries and financial planners better oversight and visibility into the performance of in force life insurance policies, today announced that Marc Byrnes has joined its Board of Directors. As an industry insider with extensive experience and expertise, Byrnes understands and validates the ongoing need for proactive life insurance policy management through powerful software that optimizes the process.
“Marc brings true industry influence with a focus on exceeding the expectations of life insurance policy owners,” said Mike Pepe, CEO and Founder of Proformex. “He is an adamant supporter of Proformex being the technological catalyst this industry needs to simplify and optimize processes, keeping client satisfaction top of mind throughout the journey.”
Under Byrnes’ leadership, Oswald Companies, the 125-year old employee-owned company, has enjoyed significant growth and earned its position among the Top 50 largest insurance brokers in the United States. The firm is also ranked among the elite Top 10 privately held brokers in the country, specializing in employee benefits and financial services.
"Change must happen from within,” said Byrnes. “I am an industry advocate and firm believer that what Proformex has already created is truly innovative. This software is what we need as an industry to thrive into the future. Most importantly, we need to leverage this platform to empower life insurance policy owners to protect themselves and their families.”
Headquartered in Westlake, Ohio and founded in 2016, Proformex is the provider of on-demand, SaaS solutions to life insurance policy owners, beneficiaries, insurance agents and fiduciaries. Designed to proactively alert customers of potential problems with their life insurance policies, Proformex protects policies against lapsing, degradation and asset erosion. By monitoring five key contract parameters - lapse age, death benefit, premium, crediting rate and Comdex – Proformex offers better portfolio oversight and control.