Clearcover launches embedded car insurance solution


Clearcover Insurance Company, a next-generation car insurance company, has launched an embedded insurance solution in which consumers receive final, bindable quotes when they shop via Experian’s auto insurance comparison shopping service.

Founded in 2016, Clearcover provides customers with the technology they need to confidently make the smartest decisions at every step.

The company said it is challenging the status quo with “hassle-free insurance” that redefines what it means to put the customer first, delivering affordable car insurance with one of the industry’s fastest claims experiences.

According to Clearcover, this initiative supports the company’s strategy to fuel growth in its distribution channels and complements Experian’s consumer-centric approach to its products.

Clearcover is investing in technology to meet market demand and support its mission to become the digital auto insurer of choice for modern drivers. Its partner-centric API allows users to comparison shop for auto insurance to find better rates without leaving the Experian site for final quotes.

Launched last year, Experian’s car insurance solution also furthers its mission to financially empower consumers by helping them potentially save hundreds of dollars on their current policy.

Kyle Nakatsuji, Clearcover CEO, said, “We’re redesigning the insurance playbook by streamlining processes and building new experiences and capabilities. We are grateful to Experian for putting their trust in us to develop solutions that improve their users’ experiences.”

Rakesh Patel, general manager of Experian Insurance Services™ at Experian, added, “Working with a tech-enabled carrier is a win-win. Clearcover is uniquely positioned to tailor the underlying embedded experience so that our customers can quickly and easily shop for auto insurance policies all in one place. When we can empower consumers to make positive changes effortlessly, Experian is achieving its goal of financial power for all.”

Last year, Experian agreed to acquire MOVA Sociedade de Empréstimo entre Pessoas S.A, a Brazilian FinTech.

Keep up with all the latest FinTech news here.

Copyright © 2023 FinTech Global

Enjoying the stories?

Subscribe to our daily FinTech newsletter and get the latest industry news & research


The following investor(s) were tagged in this article.