Seattle-based Torrent Technologies Inc. has created a new subsidiary, Torrent Insurance Services LLC, to be based in Kalispell, Mont. In conjunction with TIS, the company has created another subsidiary, Torrent Government Contracting Services LLC, based outside of Washington, D.C.
TIS will house the company’s primary business operation, which is focused on providing back office services and technologies to insurance carriers that resell and administer flood insurance through the Federal Emergency Management Agency’s National Flood Insurance Program. TIS has approximately 40 technology and operational professionals.
Was this article valuable?
Here are more articles you may enjoy.
How Insurers Know When It’s Time to Scale AI 
5 Years After Surfside Collapse: Safer Condos, More Transparency for Underwriters 
Intersecting Risks and the Future of Construction Insurance 
North Carolina Becomes First State to Pass Outright Ban on Litigation Financing 
