Mammoth Life partners with Quad M Solutions to target GIG economy
Mammoth Life and Reinsurance, based in Kentucky, has unveiled a partnership with NuAxess, part of Quad M Solutions, a specialist in staffing services and solutions for employers.
Mammoth creates solutions aimed at the un/underinsured insurance markets via its technologies and data-driven processes.
Collectively, the companies will target the large and growing independent contractor and GIG worker market which subsumes over 2 million Minority business enterprises (MBEs), a term that refers to businesses at least 51% owned, operated by American citizens of the following ethnic minority and/or gender (e.g. woman-owned) and/or military veteran.
Joseph Frontiere, CEO of Quad M Solutions, said: “This is a game changing deal for Quad M. It not only allows the company to advertise and sell our solutions as the most cost effective full medical insurance solution through traditional insurance channels, but allows us to team up with highly experienced insurance professionals who are using cutting edge technology to both identify new, and to expand traditional markets.
“We are excited to partner with the only MBE certified medical insurance platform in the U.S. and believe that Mammoth’s growth trajectory will be among the steepest in the insurance industry. We expect Quad M’s growth to be a significant percentage of Mammoth’s business.”
Paul Ford, Co-Founder and Chairman of Mammoth Life and Reinsurance, said: “Given that we are a modern insurance company focused on utilizing the best of breed technologies, Quad M’s suite of proprietary insurance technologies for the staffing industry is very attractive. We intend to focus on the large un/underinsured markets including PEOs (professional Employer Associations) that target small businesses, large corporations using PEO’s, and over 2 million MBE corporations. We are proud to work with Quad M and believe our partnership will hyper-accelerate each company’s growth.”
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