INSURANCE TECHNOLOGY

APOLLO Insurance Partners With Perch to Offer Their Customers Access to Immediate Digital Insurance

APOLLO Insurance Solutions Ltd | August 25, 2021

APOLLO Insurance Solutions Ltd. Canada’s leading online insurance provider, has partnered with Perch to offer immediate digital insurance products, specifically tailored to the thousands of Canadians that use their website each year when applying for affordable mortgages.

Launched in 2019, APOLLO Insurance now offers the largest selection of online insurance in Canada, through brokers and embedded partnerships like this one. Through APOLLO, consumers can get a quote and purchase insurance in five minutes, from any device, 24/7. Perch offers an analytics-driven digital platform that gives users in-depth financial insights throughout all aspects of homeownership, from buying, to mortgage renewals, refinancing, and selling. Users can also compare and apply for a mortgage online, with direct support from a dedicated mortgage advisor as needed.

“APOLLO is very excited to partner with Perch who stands by Canadians in the real estate industry,” said APOLLO Business Development Manager, Yonas Alemyehu. “With Perch and APOLLO partnering, we believe we can provide an exceptional digital experience for users, making it easier for those looking to build their real estate. We are pleased to offer Perch users an entirely digital experience, while also providing hyper-personalized service each user deserves.”

Perch is a prop-tech company based in Toronto that focuses on helping people make better real estate decisions to build wealth. Their platform provides clear insights to help users save money on their mortgage or unlock equity for their next purchase. Whether you’re a first-time homebuyer or seasoned real estate investor, Perch helps people manage their home investments.

“Perch enables home buyers to see exactly what they can afford, get pre-approved for, and save money by unlocking some of the lowest mortgage rates in Canada. For those looking to build wealth through their existing real estate portfolio, our online platform makes it easy for people to make informed decisions,” said Alex Leduc, Founder & CEO of Perch. “When we learned APOLLO offered a fully digital experience in the insurance space, while also helping their users save money through lower premiums, we saw a clear overlap and connection.”

APOLLO’s proprietary technology platform, the APOLLO Exchange, transacts insurance business in real-time and leverages extensive data and sophisticated algorithms to quote, collect a payment, create and deliver policies. Thousands of types of small businesses and individuals are able to buy online without human intervention.

About APOLLO Insurance
APOLLO is Canada's leading online insurance provider. Our proprietary platform, the APOLLO Exchange, allows insurance agents and their customers to purchase their policy immediately, from anywhere, on any device, 24/7. Unlike traditional paper-based processes, APOLLO leverages extensive data and sophisticated algorithms to quote, collect a payment, and issue policies for thousands of types of small businesses and individuals without human intervention. Through traditional agents and embedded finance partnerships, APOLLO is redefining the distribution of insurance.

About Perch
Founded in 2018, Perch serves thousands of users across Canada, including Quebec. Perch gives users personalized insights and analytics throughout all aspects of homeownership, from buying, to mortgage renewals, refinancing, and selling. Perch users have access to an extensive network of mortgage brokers, realtors, lawyers, and other industry professionals to assist them in their real estate journey. Whether you’re a first-time home buyer or seasoned real estate investor, Perch helps people manage their home investments. The average Perch client saves $1,500 per year on their mortgage payments by getting access to some of Canada’s lowest rates, with a pre-approval in less than 24 hours. Perch has recently doubled the size of its team and closed a Seed Round. Their current focus is scaling operations and launching new tools and calculators to give users insights during their mortgage shopping process.

Spotlight

Insurance is an inherently data-driven industry. Information you need is in your management system – you just have to understand how to use it. Data analytics is a software-driven discipline, offering you the tools to gain a deeper understanding of your agency or brokerage “Analytics is increasingly becoming a game changer for insurers, expanding beyond the traditional focus on risk to all areas of the insurance business.”

Spotlight

Insurance is an inherently data-driven industry. Information you need is in your management system – you just have to understand how to use it. Data analytics is a software-driven discipline, offering you the tools to gain a deeper understanding of your agency or brokerage “Analytics is increasingly becoming a game changer for insurers, expanding beyond the traditional focus on risk to all areas of the insurance business.”

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