Martha’s Vineyard Bank has inked a deal with InsurTech100 company Insuritas

InsurTech company Insuritas has inked a deal to help Martha’s Vineyard Bank set up a digital insurance agency within the bank.

Last year, Insuritas was one of the companies picked by FinTech Global to be named as one of the top 100 most innovative companies in the InsurTech industry. Having claimed its spot on the coveted InsurTech100 list, the business has inked several deals on the back of it.

Insuritas has since partnered with Unify Financial FCU, First Federal Savings Bank and Haven Life to mention a few.

The deal with Martha’s Vineyard Bank is the latest in a long list of partnerships that have come on the back of the company being listed on the InsurTech100.

“We are excited to welcome Martha’s Vineyard Bank to the Insuritas family,” said CEO Jeffrey Chesky. “The Bank’s leadership understands the value of offering a full suite of insurance products to their retail and commercial customer base and has tasked us with building a full-service insurance agency that will feature all of the insurance products and services their customers need to manage risk.

“We will deploy our award-winning iInsure digital agency platform and our data analytics capabilities to deliver personalized insurance solutions to their customers for all of the insurance purchases they make every year.”

Matt Chesky, President of Insuritas noted, “This new partnership will enable Martha’s Vineyard Bank to offer their retail and commercial customers the opportunity to shop for all of the insurance and risk management products they need, all under the Martha’s Vineyard Bank brand that their customers know and trust.

“By connecting their customers to dozens of insurance carriers competing for their business on the Insuritas iINSURE platform, customers will be able to seamlessly obtain the right coverage, at the right price, for all of their insurance needs, all while helping Martha’s Vineyard Bank expand wallet share, customer share and non-interest income.”

The 2021 InsurTech100 list will be announced at the beginning of November.

Copyright © 2020 FinTech Global

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