Provana partners with insurance agency Finexus to provide property and casualty insurance benefits to customers – InsuranceNewsNet

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Provana, provider of the industry’s first unified compliance and performance management platform, 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 a leading provider of property and casualty insurance to companies in the collection industry nationwide, founded by an industry veteran, Katie Zugsay.

Mrs. Zugsay is an attorney, having previously worked as corporate counsel and chief compliance officer at a leading debt collection agency and as a client service executive at one of the nation’s largest insurance agencies, where she helped develop individual plans for coverage for customers of publicly traded financial services. She founded Finexus to provide highly customized, premium services to collection agencies, helping underwriters better understand the unique compliance investment agencies they already have in place. The result is insurance coverage of the right size, often at a lower cost.

“Katie’s experience in the collections industry makes her an invaluable and highly effective advocate for our compliance clients,” said Shubham Bhargava, Head of Compliance Solutions at Provana. “Her experience will enhance the value we are able to provide to our consumers in order to provide reduced 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, CEO of Finexus. “This benefit is the first of its kind and we are excited to bring innovative compliance and insurance offerings to organizations in the receivables management industry.”

Benefits for collection agencies

Debt collection law firms are a prime target of cyberattacks. Finexus can help Provana law firm clients by maximizing bid options and minimizing denials and restrictions from cyber carriers. This is especially timely given that the FTC’s protection law is likely to go into effect for law firms starting up December 9, 2022.

Benefits for debt buyers and collection agencies

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

regarding 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 coverages for collection agencies, providing clients with enhanced options and leveraged negotiation. Finexus focuses on property and casualty insurance coverages, including workers’ compensation, E&O, directors and officers, cyber security, crime, labor practices liability and bonds. For more information, visit or call 1-800-831-6018.

About Provana

Provana is a SaaS platform that gives leaders control over intensive processes. We serve law firms, insurance companies, collection agencies and network businesses in the US market, which are strictly regulated by CFPB and other bodies. 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 New York-based fintech PE that recently raised funds November 2020. Learn more at

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Brittney Schaefer

+1 469-774-2409

[email protected]

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