Insurtech company Exdion Solutions today announced the appointment of Tony Cid, Principal and Owner of Cid Allstate Agency, Inc., and Managing Director and Principle of Fourth Insight Consulting Services, to its Advisory Board.
“Tony’s deep experience in insurance, his understanding of the challenges that brokers face today, and his expertise in artificial intelligence and structured and unstructured data make him an incredibly qualified advisor as we guide our clients through their digital evolutions,” said Steven Salar, President and Head of Exdion Insurance.
“As commercial brokers move forward in their journey to digital transformation, they need partners with both technology and industry expertise,” said Cid. “With Exdion, they can realize the full potential of digitalization in operations, in revenue enhancement, and in risk reduction. Exdion offers the type of partnership they need to future-proof their businesses.”
Exdion’s Edge suite of products services some of the most successful global insurance businesses, including three of the five largest brokerage firms. Exdion Policy Check, which has been recognized with three industry awards, substantially reduces manual policy checking time while increasing accuracy and reducing costs. Exdion Quote Compare automates the data collection and analysis of carrier quotes for brokers, which its data analytics software provides rapid evaluation of 57 critical multi-carrier quotation data points using its Exdion Extract proprietary software. Exdion’s consulting services assist brokerage firms in their journey to full digitalization.
In addition to owning and operating his own insurance agency, Cid consults on industry issues and business matters. He holds both his Property & Casualty and life license in three states, as well as Series 63 and Series 6 FINRA designations.
After starting his career as a financial analyst, Cid progressed to positions in corporate planning, underwriting, product development, operations, and claims. He has held senior management positions with major national and international insurers, managing general agencies and service providers.
Cid has also been a member of Rutgers Center of Innovation Education where he served as a board member of Rutgers Big Data Advisory Board. He graduated Rutgers with a degree in Finance and holds an M.S. degree in Economics.
About Exdion Solutions, Inc.
Exdion is an Insurtech that partners with Insurance agencies and brokers to enable future ready businesses. Servicing some of the most successful global insurance businesses, Exdion focuses on delivering sophisticated technology through simple, flexible, and affordable engagement models. Exdion delivers a suite of digitization tools and platforms that work in tandem with agency management systems cutting across new business generation, renewals, and compliance. For more information about Exdion, visit www.exdion.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20230724283645/en/