CORE INSURANCE, INSURANCE TECHNOLOGY
Companjon and bunq | February 10, 2023
Companjon, an insurance company, has recently announced its partnership with bunq, a finance company, bringing an end-to-end embedded insurance solutions to bunq users in European markets and providing automatic compensation for financial losses.
This partnership will enable Companjon to offer an extended warranty and purchase protection, covering financial loss for goods purchased by bunq Easy Green users. bunq's Easy Green plan allows users to reduce their carbon footprint and plant a tree for every 100 euros spent on any bank card. In addition, when they purchase goods using the bunq Metal Card, they will get Companjon insurance coverage for security and an enhanced user experience.
CEO of Companjon, Matthias Naumann, said, "We're excited to partner with a de facto innovator the likes of bunq and to enhance their users' banking experience." He added, "Companjon's embedded insurance solutions complement bunq's product portfolio and strong market position, and we're looking forward to working together to bring value and peace of mind for end-customers."
(Source – Globe Newswire)
Founder and CEO of bunq, Ali Niknam, said, "In everything we do, we strive to make our users' lives easy. By offering our Easy Green users added security when using their bunq card, we make sure they can focus on whatever's important to them instead of money admin."
(Source – Globe Newswire)
About Companjon
Headquartered in County Dublin, Companjon, an insurance and technology solutions provider in Ireland, provides end-to-end embedded insurance with total digital mediums, bringing automated insurance solutions to its partners' online purchases and bookings. Since 2020, it has created a positive insurance user experience for business growth, additional revenue, and customer loyalty. It specializes in add-on solutions, business-to-business transactions, finance and technology, and insurance. In addition, it interacts with customers throughout their journey through end-to-end digitization, dynamic offerings and pricing, automated claims, instant payouts, and push and pull notifications.
About bunq
bunq, a finance company, has been creating fintech innovations to make banking and money management easy and transparent since 2012. For businesses, it creates a business bank account without paperwork and in-person requirements, revolutionizing the traditional banking industry with the international team from about 43 nations. With the acquisition of Belgian fintech TriCount, it gained 5.4 million new users in 2022, making it the second-largest neo-bank in the European Union. Users can save, spend, budget, and invest money from their phones using its mobile banking application.
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CORE INSURANCE, RISK MANAGEMENT
Insurify | March 13, 2023
Insurify, Inc., a leading online insurance agency in the United States that specializes in facilitating insurance comparisons, purchases, and management, has recently announced its plans to acquire Inspop USA, LLC as well as Compare.com Insurance Agency, LLC (Compare.com), a reputed player in the US online auto insurance comparison market. The acquisition is anticipated to be finalized within the first half of 2023.
This collaboration will enable Insurify to leverage the strengths of both brands, platforms, and operations to provide cutting-edge solutions to customers and insurance carriers. It is worth noting that Insurify plans to preserve the Compare.com brand.
Compare.com was established by Admiral Group plc (Admiral), a prominent UK-based auto insurance provider and a member of FTSE 100. In connection with the transaction, Admiral will maintain a minority ownership in Insurify and remain a key strategic investor. Moreover, Allie Feakins, CEO of Compare.com, will join Insurify as Senior Vice President of Insurance, where she will spearhead insurance operations for the newly-consolidated company.
Costantino Moretti, Head of International Insurance, Admiral Group said, "This is a positive outcome for Compare.com customers and employees who will continue to empower more motorists in the U.S. to shop and save on their insurance needs. This transaction will enable Admiral to continue to focus on what we have consistently done well, creating, underwriting and delivering leading financial service products, while also benefiting from the continued momentum being seen in the US price comparison market."
(Source – Business Wire)
Besides, this deal has no bearing on Admiral's US-based insurance venture, Elephant, which operates independently as a separate entity.
About Insurify
Insurify is a prominent virtual insurance agent in the United States, headquartered in Cambridge (Massachusetts). The company provides customers with access to the most accurate estimates for auto and house insurance safely and reliably, along with expert guidance. As a result, Insurify has helped facilitate over $200 billion in insurance coverage and provided over 70 million quotes. Due to its outstanding achievements and contributions, it has been the recipient of several highly regarded awards and recognitions within the insurance industry.
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CORE INSURANCE, RISK MANAGEMENT
Inszone Insurance | March 08, 2023
On March 7, 2023, Inszone Insurance Services announced the conclusion of its acquisition of Donna Ledwick Insurance Services, previously owned and operated by Donna Ledwick. The move is part of Inszone Insurance's plan to increase its national reach and solidify its position as one of the best insurance companies in the United States.
Donna Ledwick expressed, "I'm excited to join forces with Inszone Insurance, which will enable us to better meet the demands of our clients in every way." She continued, "Inszone Insurance places great importance on serving each client, especially those with extremely specialized needs, which aligns perfectly with the values we hold dear."
(Source – Business Wire)
Chris Walters, CEO of Inszone Insurance Services, remarked, "Donna has been a strong leader in the insurance industry, and we are thrilled to have her on our team." "Our clients can expect the same personalized care they are used to, with the added benefit of extra resources offered by a larger agency. We look forward to working together to help streamline efficiencies, add resources, and continue expanding throughout the state," he concluded.
(Source – Business Wire)
Besides, Inszone Insurance Services is set to announce several high-profile acquisitions in the coming months. Even though the company has grown quickly, it is still committed to giving customers excellent nationwide service and new insurance options.
About Inszone Insurance Services
California-based Inszone Insurance Services has developed substantially in the insurance industry since 2002. It covers all 50 states, with offices in California, Arizona, Colorado, Utah, Nevada, Missouri, Texas, and Illinois. Inszone Insurance Services, which offers both personal and business insurance, has expanded by prioritizing customer satisfaction and agent-customer relationships. Its edge in the insurance industry comes from its professional, disciplined agents and its partnerships with many different carriers. The competitive benefits of these long-standing ties allow Inszone to use its expertise and access to provide actual value to its customers.
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