InsurTech Insuritas has partnered with Indiana-based mortgage lender First Federal Savings Bank to build a turnkey, virtual insurance agency.
The virtual agency is planned to launch in the next 90 days. It will enable First Federal Savings Bank to offer its customers the auto, home and business insurance products they purchase every year, while helping to deepen customer relationships and drive a critical source of non-interest income.
“We are thrilled to announce this partnership with First Federal Savings Bank,” said Jeff Chesky, chairman and CEO of Insuritas. “This new agency launch will mark our seventh financial institution partnership in Indiana, and highlights the value that community banks like First Federal Savings Bank see in offering their customers insurance, the one financial product that virtually all of their customers will purchase this year.
“Through their leading mortgage origination operation, First Federal Savings Bank sees customers with home insurance needs every day. Through our partnership, they will now be able to provide their customers with simple, seamless access to more competitive options for those insurance needs, and position themselves to meet all of their customers’ financial services needs.”
Insuritas was named as one of the 100 most innovative InsurTech companies in the world in October 2020 when it bagged a coveted spot on FinTech Global’s InsurTech100 list.
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