Buckle, a financial services company providing auto insurance solutions for the gig economy, has selected Origami Risk’s multi-tenant SaaS P/C platform to enhance policy administration.
Buckle provides insurance for the gig industry. Its products protects drivers across personal, rideshare, and delivery driving for companies including Uber, Lyft, DoorDash, Gopuff, Instacart, Amazon Flex, Uber Eats, Grubhub, Favor, Shipt, and more. The company also offers insurance solutions for select partners.
Origami Risk provides integrated SaaS solutions that simplify insurance, risk, and safety for insurers, managing general agents (MGAs), program administrators, third party claims administrators (TPAs), and brokers.
In addition to providing technology-based tools and functionality, Origami said its platform will enable Buckle to deliver more robust services and with greater speed.
Adam Landau, chief information officer of Buckle, said, “Our members and partners expect and deserve new and innovative products, so we continually enhance our technology to support their needs. This platform offers a scalable solution for our ambitious growth and continued momentum.
Christopher Bennett, president, Core Solutions division at Origami Risk, added, “Our policy administration, billing and risk management resources are ideally suited to meet the needs of Buckle as it continues to grow its dynamic and innovative business.
“These capabilities are among several innovative solution sets we’ve developed to help carriers, pools, program administrators and other insurance providers drive efficiencies across critical functions, meet customer needs, and improve overall performance.”
Buckle recently teamed with InsureScan in Alabama to underwrite non-standard auto insurance policies.
Also earlier this year, Buckle secured $15m supplied by Siguler Guff & Company and Hudson Structured Capital Management.
Proceeds from the deal will help Buckle bolster the distribution of its gig insurance products and support the growth of business on its platform. The InsurTech company also said at the time that it plans to expand across insurance and credit products, as well as form new partnerships.
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