CORE INSURANCE, RISK MANAGEMENT
PRnewswire | April 13, 2023
Vouch, the insurance of tech, today announced its first embedded insurance API partnership with StartupOS, the platform that helps founders grow their startups with essential tools, expert guidance, and a community of mentors, investors, and partners. StartupOS users can now get quotes for General Liability and Business Property insurance coverages from Vouch directly from the StartupOS platform. Additionally, the platform will host free risk management training modules from Vouch that are designed specifically for early-stage founders. The partnership underscores both companies' commitment to serving early-stage founders and to helping them protect their companies from the beginning.
"Two-thirds of founders get business insurance at company formation, but zero percent of first-time founders do. When it comes to insurance, there's both an awareness and a trust gap that leaves many early-stage startups under-covered and vulnerable," said Travis Hedge, Co-founder and CRO, Vouch. "With embedded insurance from Vouch, companies on the StartupOS platform can work directly within the platform they already use to get educated on the coverages that are essential to their business, get quotes, and work with Vouch to seamlessly complete the process of purchasing insurance."
Vouch's API allows partners like StartupOS to take advantage of Vouch's core underwriting functionality through an integration that is easy to implement and maintain. The API allows partners to offer materially better experiences to their users so that buying insurance feels like a native part of their platform.
"We're thrilled to partner with Vouch to provide business insurance training and insurance products directly through our platform," said Jeff Wagner, Chief Platform Officer at StartupOS. "Through our collaboration and API integration, we are ensuring that our startups have access to the best insurance products tailored to their needs. This partnership is a significant step forward in our commitment to providing startup founders with the most innovative and comprehensive solutions to support their growth. We are excited about the value this will bring to our founders and look forward to a successful partnership with Vouch."
Vouch is a US-based provider of business insurance to thousands of high-growth companies that has raised $160 million from top-tier Silicon Valley institutions and investors including Ribbit Capital, Redpoint Ventures, Y Combinator, and Index Ventures. Since its inception in 2018, the company has empowered clients to get risk management right through niche expertise, a proprietary approach to pricing and underwriting, fast, digital-first procurement and coverages that scale as the company grows.
As 'The Insurance of Tech', Vouch believes it's their responsibility to deliver effective and affordable insurance solutions to innovators in emerging categories. These entrepreneurs are making huge bets on the future, and it's Vouch's job to insure away the risks that are incidental to their vision. Today that means launching protection for Web3. Tomorrow, it could be Climate, or Space. Wherever the next generation of founders goes, Vouch will be there to protect them.
StartupOS is a platform that elevates startups with essential tools, expert guidance, and a supportive community of mentors, investors, and partners to help founders grow their startup. The platform aims to increase the overall number, confidence, and probability of long-term success for all founders, regardless of their background.
StartupOS offers a series of learn-by-doing activities to equip founders with all the resources and knowledge they need to build their startup from the ground up, making it the perfect platform for validating ideas, building an MVP, achieving product market fit, and pitching to investors. Paired with a vast community of mentors and investors, StartupOS provides access to invaluable startup knowledge and resources that are essential to every founder's journey. The platform also offers access to an extensive Partner Ecosystem loaded with top-tier solutions and services to streamline and simplify a founder's back-office operational needs.
CORE INSURANCE, RISK MANAGEMENT
Businesswire | April 12, 2023
Inszone Insurance Services, a rapidly expanding national provider of benefits, personal, and commercial lines insurance, proudly announced today their acquisition of Hahn & Associates Inc.
Founded in 1999, Hahn & Associates has earned a distinguished reputation for delivering exceptional service and maintaining strong relationships with clients. Founder Phil Hahn focused on leveraging referrals and community connections to grow his business, ultimately employing five additional team members. Following his wife's stage 4 cancer diagnosis, Mr. Hahn assisted his staff in finding new opportunities while he prioritized his wife's care.
After her passing, Mr. Hahn scaled down his business, operating it as a one-person enterprise. He partnered with numerous non-profits, construction companies, and warehouses, many of which experienced financial challenges in 2008. Prioritizing relationship-building, Hahn & Associates achieved impressive client retention, with many clients remaining loyal for 10-20 years before retiring and closing their businesses.
Regarding the decision to merge with Inszone Insurance, Phil Hahn, the former owner of Hahn & Associates Inc., commented, "Inszone felt like the right fit, and their exceptional customer service made me confident in entrusting my clients to them."
Chris Walters, CEO of Inszone Insurance Services, expressed enthusiasm about the acquisition, stating, "Phil's dedication to the Denver community and his unwavering commitment to customer service are truly inspiring. We look forward to upholding this legacy as we work together to provide exceptional resources and support to every client."
Hahn & Associates Inc. is a strategic part of Inszone's ongoing expansion efforts across the United States, as it helps establish a more robust presence in Denver and its surrounding areas. Existing Hahn & Associates Inc. customers can expect to receive the same exceptional level of service they have come to know, now delivered under the Inszone Insurance brand.
AboutInszone Insurance Services
Founded in 2002 and headquartered in Sacramento, California, Inszone is a full-service insurance brokerage firm which provides a broad array of property & casualty insurance, along with employee benefits solutions. With a strong, experienced management team, Inszone continues to grow organically, as well as through acquisitions. With 40 locations across California, Arizona, Nevada, Utah, Colorado, Michigan, Missouri, Oregon, Texas, and Illinois, the company is looking to further expand throughout the United States.
CLAIMS, INSURANCE TECHNOLOGY
PRnewswire | April 27, 2023
Clearcover Insurance Company, the next-generation car insurance company, today announces it has launched an innovative embedded insurance solution in which consumers receive final, bindable quotes when they shop via Experian's® auto insurance comparison shopping service. This initiative supports Clearcover's strategy to fuel growth in its distribution channels and complements Experian's consumer-centric approach to its products.
"We're redesigning the insurance playbook by streamlining processes and building new experiences and capabilities," said Clearcover CEO Kyle Nakatsuji. "We are grateful to Experian for putting their trust in us to develop solutions that improve their users' experiences."
Clearcover is investing in technology to meet market demand and support its mission to become the digital auto insurer of choice for modern drivers. Its partner-centric API allows users to comparison shop for auto insurance to find better rates without leaving the Experian site for final quotes. Launched last year, Experian's auto insurance offering furthers its mission to financially empower consumers by helping them potentially save hundreds of dollars on their current policy.
"Working with a tech-enabled carrier is a win-win," said Rakesh Patel, General Manager of Experian Insurance Services™ at Experian. "Clearcover is uniquely positioned to tailor the underlying embedded experience so that our customers can quickly and easily shop for auto insurance policies all in one place. When we can empower consumers to make positive changes effortlessly, Experian is achieving its goal of financial power for all."
"This integration is part of our customer-centric mission to provide hassle-free insurance," said Clearcover Chief Product and Innovation Officer Adam Fischer. "Our goal to empower consumers to make the smartest decisions at every step aligns with Experian's mission to help its customers improve their financial well-being."
On the heels of securing $153 million in Series E financing last November, Clearcover ramped up efforts to invest in and integrate new technologies and business strategies.
"Experian and Clearcover have a long-standing relationship," said Clearcover Head of Partner Distribution Chris Ritter. "This collaboration is a natural progression and we're looking forward to ensuring they have some of the smartest solutions on the market."
Clearcover, which currently offers auto policies in 19 states, is advancing an industry that continues to adapt and change. The company ranked No. 50 on the 2022 Deloitte Technology Fast 500 list and was named by InsurTech Magazine as a "Top 10 Insurtech Platform to Watch in 2022."
Clearcover is the next-generation insurance company that provides customers with the technology they need to confidently make the smartest decisions at every step. Clearcover is challenging the status quo with hassle-free insurance that redefines what it means to put the customer first, delivering affordable car insurance with one of the industry's fastest claims experiences. Clearcover includes Clearcover, Inc., which was founded in 2016 by Kyle Nakatsuji and Derek Brigham, Clearcover Insurance Company (NAIC #16524) and Clearcover Insurance Agency. Clearcover has raised more than $480 million in funding to date. In 2022, the insurance fintech ranked No.50 on the Deloitte Technology Fast 500™ and No. 151 on the Inc. 5000 Fastest Growing Privately Held Companies in America. Clearcover has also been featured by Glassdoor as one of the nation's "Best Places to Work." For more information, visit Clearcover.com.