Insurance solution builder Insuritas will design and launch a credit union owned, full service insurance agency on behalf of University First Federal Credit Union.
The deal will enable the University to help its 100,000 members find cover they need for their businesses. It will make use of Insuritas’ data analytics capabilities to offer personalised insurance solutions to the members.
Insuritas CEO Jeffrey Chesky said, “Our partnership with University FCU will create a Credit Union owned insurance agency engineered to help their members shop, compare and buy the auto, home and business insurance products they purchase every year.”
The agency will be owned by the credit union and will operate under its brand.
Insuritas hopes users will be able to fine the best cover for them and at the best price.
This is a the second partnership Insuritas has formed this month. The InsurTech recently teamed up with Indiana-based Security Federal Savings Bank to launch a bank-owned full-service insurance agency Security Federal Insurance Services.
Insuritas, which was named in this year’s InsurTech 100 list, helps connect people to the insurance products they need. Its technology enables financial institutions to leverage proprietary data-mining techniques and integrations with numerous insurance carriers to make personalised insurance offers.
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