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.
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.
Arch Insurance | February 15, 2021
Arch Insurance Company today reported another online platform that permits brokers to quickly cost and buy Business Travel Accident (BTA) strategies for U.S.- based organizations with up to 250 business travelers. The platform, called Arch BTAExpressTM, use a state-of-the-art underwriting and technology experience, permitting straightforward arrangement plan determination, estimating and restricting of BTA approaches, with most statements conveyed very quickly. The outcome is a significant decrease in the time and exertion it takes brokers to acquire inclusion for their customers' business travelers.
“We’re pleased to announce our new BTA product options and platform, in an environment where efficiency and simplicity are definite advantages,” said Jeff Ray, SVP, Arch Insurance Company, Accident & Health. “We are anticipating an increased interest in travel insurance coverage for both business and leisure travel due to heightened COVID-19 awareness, and our new approach to connecting brokers and insureds with our products will simplify the process.”
Arch's BTA items offer businesses a decision of item alternatives that incorporate the capacity to add out-of-country clinical cost inclusion. All plans incorporate important travel assistance services, including however not restricted to overall clinical and clearing assistance for workers and any accompanying relatives just as other forte advantages to help with the expenses of recovery, advising, family gathering and childcare needs coming about because of accidents while on business travel.
The technology utilized for this online experience expands on Arch's honor winning RoamRight® travel insurance advancements and platform through which travel counsels and insureds have been buying recreation travel insurance for just about 10 years.
About Arch Insurance North America
Arch Insurance North America, part of Arch Capital Group Ltd., includes Arch’s insurance operations in the United States and Canada.
About Arch Capital Group Ltd.
Arch Capital Group Ltd., a Bermuda-based company with approximately $15.8 billion in capital at Dec. 31, 2020, provides insurance, reinsurance and mortgage insurance on a worldwide basis through its wholly owned subsidiaries.
Hub International | November 10, 2021
Hub International Limited (HUB), a leading global insurance brokerage and financial services firm announced today the launch of its HUB Drive Safe App, a fleet risk management solution that provides driver coaching at scale, automatically detects collisions and helps fleets reduce their insurance costs through safer driving behavior on iOS and Android mobile devices.
"The HUB Drive Safe App is our newest fleet risk management solution to help clients across various industries, including transportation , agribusiness , construction and hospitality , to keep their drivers safe, manage driver behavior and reduce collisions and loss. Technology continues to revolutionize the world we live in, and we have been focused on using digital technology to streamline our clients' experience and helping them better manage their costs for doing business."
- Lisa Paul, Chief Strategy Officer of HUB's Transportation Specialty.
According to a study 1 , the bottom quartile of commercial line drivers account for more than 50% of collisions. With the use of technology that relies on artificial intelligence and machine learning algorithms and leverages massive datasets of driving behavior data, a driver's behavior can improve and reduce collision risk by up to 49%.
The HUB Drive Safe App offers immediate feedback and coaching after every trip to ensure that commercial drivers avoid collisions and remain safe on the roads. The mobile app also allows fleet managers to get a detailed overview of the safety and efficiency of their drivers - all via one comprehensive dashboard. The HUB Drive Safe App is powered by a global dataset and first-of-its-kind mobility risk intelligence (MRI) platform to ensure the most precise collision detection and first notice of loss capabilities on the market.
Additional safety features on the HUB Drive Safe App include:
View and customize a driver profile to improve driving behavior with tips based on performance tracked in the app
Gain high-level insights on the fleet's performance with a fleet score
Automatically detect collisions, alert the fleet manager and notify an emergency contact or trigger insurance claims process
Encourage consistent improvements in driving behavior with positive reinforcements and/or rewards
With the HUB Drive Safe App, HUB continues its commitment to providing tailored insurance solutions designed to best manage its clients' risks and needs.
About Hub International
Headquartered in Chicago, Illinois, Hub International Limited is a leading full-service global insurance broker and financial services firm providing risk management, insurance, employee benefits, retirement and wealth management products and services. With more than 13,000 employees in offices located throughout North America, Hub's vast network of specialists brings clarity to a changing world with tailored solutions and unrelenting advocacy, so clients are ready for tomorrow.