TechAssure, the international association of insurance experts for technology-related industries, announced today that Michael Furlong, founder and CEO of Indio, was the 2018 recipient of The John Love Risk Innovation Award. The award is presented annually to an insurance professional who has demonstrated ingenuity, innovation and intellect to solve an issue within the risk management industry. The announcement was made at TechAssure's October member meeting in Baden Baden, Germany by TechAssure Executive Director Garrett Droege and 2018 Chair Sandy Lee of Associated Benefits & Risk Consulting.

"Since entering the insurance industry, Mike and the team at Indio has continuously demonstrated innovative approaches to solving some of the industry's most glaring problems," said Droege. "Mike has a vision of how to help insurance brokerages bring a greater customer experience to their clients and we applaud what Indio has done in such a short amount of time."

Furlong currently serves as CEO of Indio Technologies – one of the leading InsurTech companies dedicated to helping agents and brokers enhance their technology offerings. He added, "It's an absolute honor to receive The John Love Award from TechAssure, an organization that is aligned with Indio in our commitment to empowering independent insurance agents through innovation and technology."

In 2016, Indio founders Michael Furlong and Adam Bratt set out to modernize and digitize the insurance application and renewal process. Indio provides a workflow management platform that delivers a suite of web-based solutions for insurance agencies, helping to improve their client experience and become more efficient. Indio has raised over $8 million in venture financing from 8VC, NEA, Merus Capital and more.

The John Love Award was created in 2012 after long-time TechAssure Executive Director, John Love, passed away. John Edward Love, CPCU, was well-known in the insurance industry as a dynamic and creative individual who addressed any challenge with finesse and ease. The award is meant to celebrate his "out-of-the-box" thinking and vision.

MORE ABOUT TECHASSURE

TechAssure is a unique consortium of risk management experts serving innovative industries, such as technology and life sciences, as well as the venture capital and private equity firms that fund them. Comprised nearly 30 specialist firms located in strategic locations across the world, TechAssure members collectively serve over 4,000 clients and represent over $3 Billion in premium volume.