ARDMORE, Pa., Jan. 26, 2021 /PRNewswire/ — Spraoi announced today that Reliance Standard Life Insurance Company (Reliance Standard) successfully deployed models for the identification of operational inconsistencies (e.g. churning, anomalous activity) across new business and in-force transactions within their block of traditional and indexed annuity business. The Spraoi solution now provides visibility into transactions for increased scrutiny for all Reliance Standard's annuity products. The scope of this project was to complete a review of Reliance Standard's historical transactions to develop models that will identify transactions that should be further analyzed. The successful completion of this program provides Reliance Standard with a tool to screen all transactions, increasing safeguards for their customers.

“Taking a proactive stance on the detection of operational anomalies will improve our ability to protect the well-being of our customers,” said Kyle Ryan, Reliance Standard's VP Operations of Retirement Services.  

About Reliance Standard Life Insurance

Reliance Standard Life Insurance Company (Reliance Standard) is a leading insurance carrier offering innovative and flexible employee benefits solutions including disability income and group term life insurance, a suite of voluntary (employee paid) coverage options and fully integrated absence management through its Employee Benefits segment. Through its Retirement Services segment, Reliance Standard offers a portfolio of traditional fixed and indexed annuities to individuals seeking to preserve capital and retirement income with guaranteed returns as well as fixed and floating rate institutional funding agreements. Rated A++ (Superior) by A.M. Best and A (Excellent) Standard & Poor's, Reliance Standard began its centennial year in 2006.

About Spraoi

Spraoi is a Pennsylvania limited liability company. Spraoi is the provider of machine learning platform and solutions to solve the challenges our insurance clients face as they seek to gain greater insight into their data. Visit: www.spraoi.ai

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SOURCE Spraoi

ALEXANDRIA, Va., Jan. 26, 2021 /PRNewswire/ — Burke & Herbert Bank is accepting submissions for its 2021 Lights, Camera, Save! video contest until March 1, 2021. Teens, 13-18 years old, can win cash prizes, including a top prize of $5,000 by creating a 30-second video promoting wise money management.

The contest, organized by the American Bankers Association Foundation, is a national competition that encourages teens to use video to communicate the value of sound money management and inspire their peers to become lifelong savers.

Burke & Herbert Bank will host the first round of judging and select a winner to compete on the national level for cash prizes: $5,000 for first place, $2,000 for second place and $1,000 each for two runners-up. Burke & Herbert Bank is rewarding regional winners with $350, $100, and $50, respectively, as well as awarding a $50 gift card to each of their sponsoring teachers.

“Lights, Camera, Save! gives Northern Virginia students an opportunity to harness their creativity and learn about using money wisely,” said Terry Cole, Executive Vice President at Burke & Herbert Bank. “It is so important, especially in today's challenging economic environment, for teens to learn the value of establishing sound financial habits. This video contest provides a fun and unique way to encourage teens to build these habits to motivate each other.”

To participate, teens must submit a completed entry form along with a link to their original video by March 1. The contest is open to filmmakers of all experience levels. Videos will be judged on their quality, message, and the criteria set forth by the contest's official rules. For full rules and entry form, visit burkeandherbertbank.com. To learn more about Lights, Camera, Save!, visit lightscamerasave.com.

Burke & Herbert Bank & Trust Company, established in 1852, is the oldest bank in the Commonwealth of Virginia and the oldest continuously operating bank in the Washington DC area. The Bank offers a full range of personal and business banking products and services designed to meet customers' banking, borrowing, and investing needs. Burke & Herbert Bank & Trust Company is headquartered in Alexandria and operates more than 20 branches in Northern Virginia.

Member FDIC

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SOURCE Burke & Herbert Bank

SAN ANTONIO, Texas, Jan. 26, 2021 /PRNewswire/ — Allyson McKay, a seasoned executive in national property management, has been named Managing Director, Executive Vice President for Embrey Management Services. She takes over divisional leadership and operational duties previously held by Cindy Ash, who retired in December 2020.

“Allyson is an experienced professional with strong and proven skills leading property management teams,” said Trey Embrey, President and CEO of Embrey. “Our property management division is an important cornerstone – along with our investment, development and construction divisions – and we are delighted to welcome Allyson to our leadership team.”

Before Embrey, McKay was Senior Vice President for Lincoln Property Company, responsible for its Southwest and West regions including Texas, Arizona, California and Colorado. She has also served as Vice President for the Central Texas Region at Lincoln, and as Operations Manager for Fort Hood Family Housing, where she helped guide the privatization of military housing. She was Executive Director of Lincoln's partnership with the Army at Fort Sam Houston in San Antonio.

“Embrey is nationally known for its high-quality properties and creating places where people want to be,” McKay said. “Our management services division is an award-winning provider of residential services for properties.”

McKay attended the University of Oklahoma and Oklahoma State University and earned the Certified Property Management designation from The Institute of Real Estate Management.  McKay was the 2015 President of the San Antonio Apartment Association and is currently serving as a Texas Apartment Association Board delegate and a voting member of the TAA Legislative Committee.

About Embrey Partners, Ltd.
San Antonio-based Embrey Partners, Ltd., is a diversified real estate investment company that owns, develops, builds and manages multifamily and commercial assets in targeted markets across the United States. Since 1974, Embrey has developed more than 41,000 apartments and over 6 million square feet of commercial property. Embrey is one of the leading developers in the multifamily sector, with approximately 6,000 units under construction or in development. www.embreydc.com

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SOURCE Embrey