HoneyQuote, a digital insurance marketplace, has partnered with First Connect Insurance Services to grant thousands of independent agents nationwide the ability to seamlessly write policies in Florida
This solution, known as HoneyQuote for Agents, will enable US agents provided with the means to to efficiently underwrite policies in the challenging Florida insurance market, with First Connect users utilising HoneyQuote’s innovative technology and agency infrastructure to find suitable coverage for their Florida clients.
The state is known for having premiums that exceed three times the national average. In 2023, Floridians are expected to pay an average annual home insurance premium of $6,000, marking a 42% increase from the previous year, while the national average stands at $1,700.
HoneyQuote’s online platform, underpinned by proprietary technology, offers a user-friendly experience to a diverse range of users, including homeowners and distribution partners. It facilitates easy comparison and purchase of insurance coverage from numerous top Florida carriers. First Connect, an operating subsidiary of Hippo Holdings Inc., specialises in connecting independent agents with cutting-edge InsurTech providers considered “best-in-class.”
The initiative also aligns with HoneyQuote’s broader mission to create an ecosystem where various stakeholders – homeowners, agents, referral partners, and carriers – can enjoy a technology-enabled insurance buying, selling, and servicing experience, even in challenging environments. The company has already established partnerships with over 20 of Florida’s leading regional insurance carriers and plans to expand its product offerings to cover hard-to-place risks in coastal U.S. markets.
Freddy Seikaly, HoneyQuote’s CEO, said, “HoneyQuote’s new product is set to transform how agents engage with the state’s demanding insurance marketplace. The combined expertise of HoneyQuote and First Connect will result in an unparalleled experience for independent agents, ensuring they have the resources to serve their clients effectively.”
First Connect President Aviad Pinkovezky, said, “We’re also seeing a ton of interest from agents within Florida, which speaks to the attractive efficiency of HoneyQuote’s platform. This collaboration empowers agents anywhere to navigate the region’s complexities. First Connect is committed to providing agents with the tailored market access they require to excel in serving their clients. This partnership is doing exactly that.”
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