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Insperity Announces Relationship with Mylo, a Lockton Company

August 22, 2018

HOUSTON--(BUSINESS WIRE)--Aug 22, 2018--Insperity, Inc. (NYSE: NSP), a leading provider of human resources and business performance solutions for America’s best businesses, today announced it has entered into a relationship with Mylo, a digital one-stop insurance shop backed by more than 50 years of Lockton success.

As a result of this relationship, Insperity’s Workforce Acceleration solution, a comprehensive traditional employment human resources bundle for customers outside of the Professional Employment Organization (PEO) relationship, is enhanced through Mylo’s solution for business, group health, home, auto and individual health insurance needs. Insperity Insurance Services, LLC, a licensed insurance broker, entered into the agreement with Mylo.

“We are pleased to extend our long-standing relationship with Lockton through the addition of Mylo to our Workforce Acceleration solution,” said Paul J. Sarvadi, Insperity chairman and chief executive officer. “We are now able to offer a high level of expertise and quality insurance solutions generally unavailable to this target customer base, which is consistent with our goal to provide the leading traditional employment HR bundled solution in the marketplace.”

“Insperity and Mylo are a natural fit,” said David Embry, Mylo president. “Technology allows us to integrate with Insperity’s experience and offer commercial insurance and small group health tailored to their customers’ needs. In addition, we can target business owners more effectively, and Insperity can provide new solutions to meet customer requests.”

Workforce Acceleration offers an end-to-end HCM solution, complemented by Insperity’s high level of service, which scales as a company’s needs grow. Business functions such as payroll, time and attendance, HR administration, employee onboarding, performance management, brokered benefits management and more are accessed through a single entry point, allowing records to remain organized and in sync, which results in greater accuracy and increased productivity to help boost the bottom line.

About Mylo

Mylo is a digital one-stop shop that makes it easy for businesses and individuals to compare and purchase top-rated insurance products from multiple carriers, including business, group health, home, auto, life and individual health. Launched in 2015 by Lockton, the world’s largest privately held independent insurance broker, Mylo offers expert insurance recommendations online or in person with licensed agents. Mylo can be easily integrated into a partner’s customer experience, providing a proven boost in customer engagement. For more information, visit https://www.lockton.com/Mylo.

About Insperity

Insperity, a trusted advisor to America’s best businesses for more than 32 years, provides an array of human resources and business solutions designed to help improve business performance. Insperity ® Business Performance Advisors offer the most comprehensive suite of products and services available in the marketplace. Insperity delivers administrative relief, better benefits, reduced liabilities and a systematic way to improve productivity through its premier Workforce Optimization ® solution. Additional company offerings include Human Capital Management, Payroll Services, Time and Attendance, Performance Management, Organizational Planning, Recruiting Services, Employment Screening, Expense Management, Retirement Services and Insurance Services. Insperity business performance solutions support more than 100,000 businesses with over 2 million employees. With 2017 revenues of $3.3 billion, Insperity operates in 70 offices throughout the United States. For more information, visit http://www.insperity.com.

View source version on businesswire.com:https://www.businesswire.com/news/home/20180822005032/en/

CONTACT: Insperity, Inc.

Investor Relations Contact:

Douglas S. Sharp, 281-348-3232

Senior Vice President of Finance,

Chief Financial Officer and Treasurer

Investor.Relations@insperity.com

or

News Media Contact:

Suzanne Haugen, 281-312-3543

Public Relations Manager

Media@insperity.com

KEYWORD: UNITED STATES NORTH AMERICA TEXAS

INDUSTRY KEYWORD: PROFESSIONAL SERVICES HUMAN RESOURCES INSURANCE

SOURCE: Insperity, Inc.

Copyright Business Wire 2018.

PUB: 08/22/2018 09:00 AM/DISC: 08/22/2018 09:01 AM

http://www.businesswire.com/news/home/20180822005032/en

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