Online insurance brokerage platform Insuritas has partnered with Tower Hill Specialty and will offer a number of the Tower Hill property insurance policies on its platform.
As part of the deal, Insuritas will make available a number of property products from Tower Hill on its own solution and through its network of financial institutional partners. Tower Hill’s offerings will be integrated into Insuritas meta-agency platform, ensuring customers can access them through Insuritas’ digital and call centre environments.
Tower Hill president Don Matz said, “Launching Tower Hill Specialty’s product suite on the Insuritas meta-agency platform provides us with access to Insuritas’ bank and credit union partners and fills a gap in their property insurance needs. With over 10M customers across their network of partners, this integration with Insuritas will enable us to rapidly scale our distribution efforts.”
Founded in 1999, Insuritas aims to connect consumers with the best insurance product for them, using data-mining techniques to help consumers find personalised, digitally optimised insurance coverage. Financial institutions can partner with the platform and access increased retention rates by giving their customers no-obligation insurance quotes on loans taken out.
Insuritas COO Matt Chesky said, “We are thrilled to partner with a team like Tower Hill’s that is committed to bringing products to market that serve a broad range of policyholders, from standard homeowners to customers with more specialized needs.
“In addition to their product development expertise, the Tower Hill team has an intense focus on enabling the distribution of their products through innovative new technology platforms, which aligns exactly with our vision.”
Earlier in the year, Insuritas closed a similar partnership deal with Oregon Mutual. Through the agreements, Oregon Mutual’s property & casualty insurance products became available through the Insuritas platform. In doing this, Oregon Mutual has gained access to three million potential new customers.
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