Digital insurance MGA for recreational boating Ahoy! has partnered with Vantage Recreational Finance (VRF) to provide an embedded insurance programme.
VRF is a financial solutions company for the marine and recreational vehicle (RV) industry.
The company began its operations in 2012 as a one-stop resource for all Marine financing needs throughout the US. Striving to make the purchase of a new boat as convenient and comfortable as possible, they offer multiple lending programs and a very convenient loan closing process.
The partnership will see boat buyers who finance their boats through VRF have easy access to an Ahoy! boat insurance policy directly through the VRF platform.
Ahoy! is a tech-driven insurance company aiming to transform the recreational boating insurance industry from being a financial hedge into becoming a proactive asset that protects and extends the joy of boating.
Built by boaters for boaters, Ahoy! combines its proactive, risk-reducing technology, with its founders’ deep knowledge of boating and insurance to create innovative insurance policies.
The company said the offering is efficient and user-friendly, providing a more convenient and digitalised experience.
Tzach Segal, vice president of business development of Ahoy!, said, “We look forward to working with VRF to provide our unique insurance product to a whole new market of boaters, who previously had to navigate the often-frustrating boat insurance process separately.
“We believe a boat is more than an asset, it’s a lifestyle, and this partnership will allow us to make the lifestyle of many more boaters better by leveraging our innovative technology to streamline the boat buying experience and provide peace of mind to even more customers.”
Housing.com, India-based full stack PropTech platform, recently partnered with InsurTech platform Riskcovryto offer embedded insurance to its partners. The partnership sees Housing.com enter into the insurance distribution business by offering a first of its kind service, ‘Rent Protect Cover’.
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