Gainbridge Insurance Agency, a distinguished part of Group 1001, recently publicised its forthcoming business-to-business (B2B) “insurance-as-a-service” platform.
Intended for leading FinTech companies, the platform provides efficient, intuitive savings, and retirement solutions for customers. Additionally, a promising alliance has been cemented with SAVE, a Houston-based “savetech” platform.
The primary rationale behind the new product is the escalating fragmentation within consumer finance. Individuals are increasingly seeking direct access to services and desire greater control over their financial management. This innovative solution from Gainbridge aims to address this demand head-on.
Gainbridge’s core offering is simple, commission-free annuity products with attractive returns through a digital-first interface. Their business is designed to empower consumers to control their financial future with intuitive, technology-driven financial solutions that have broad accessibility, irrespective of budget or financial knowledge.
The newly announced B2B platform is a cloud-native, API-based solution crafted with an emphasis on flexibility and ease of integration. Businesses partnering with Gainbridge can anticipate a seamless integration of applications for policy issuance, administration, and customised reporting, all tailored to their unique brand and user experience. This marks a significant opportunity for consumer finance companies to launch diversified financial products.
Among the first partners is SAVE, a platform that recognises the value of fixed annuities in offering additional yield for its customers. Their collaboration with Gainbridge began earlier this year, and SAVE identifies the technological investment in streamlining annuity purchases via the Gainbridge platform as a distinguishing factor in the InsurTech space.
Justin Wee, group 1001 chief strategy officer, life & annuity, said, “We’re excited to help address the needs in the ‘save’, ‘invest’, and ‘protect’ legs of the consumer financial journey. We want to empower companies by making it easier to offer these to their customers by bringing down the barriers to entry in the insurance world.”
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