Hiro | September 09, 2021
Hiro, the prevention-first smart insurtech, is announcing a partnership with StepLadder, the collaborative finance company. The relationship offers StepLadder members access to Hiro's innovative insurance, and paves the way for further collaboration between the two companies.
This is another exciting partnership for Hiro, which also has relationships with a number of smart home vendors including Ring, Philips Hue, Netatmo and Abode. The insurtech empowers its members to adopt a prevention-first approach, offering discounts on smart tech which enables them to proactively protect their homes, and giving members a fairer price on insurance for doing so. StepLadder invites members into collaborative Circles to fund particular home-related finance projects, whether that be raising money for a deposit on a house, or funding some home improvement or renovation. Each Circle Member puts a set amount of money into a pot each month, which is then awarded as a lump sum to one Member of the Circle per month, meaning 90% of members reach their savings target faster.
"As we do with insurance, StepLadder is taking on a traditional industry – lending – and burning the rulebook in a truly innovative way. We're always looking to develop relationships with like-minded companies, so it really stood out to us," says Hamza Abbas, Head of Partnerships at Hiro. "We understand that money can't replace invaluable items, or buy back the hard work people put into buying a home. This is why we're delighted to offer StepLadder members insurance that not only pays out should something bad happen, but that helps them to proactively protect their homes and prized possessions." There is also scope for the partnership between the companies to grow, with Hiro members potentially set to benefit from StepLadder's collaborative finance in the future.
"We're excited to work with Hiro as it shares our ethos of truly helping people to improve their lives. Of course, there is a natural link between our businesses, and it is great that our Members can now benefit from Hiro's forward-thinking insurance," says Matthew Addison, CEO at StepLadder. "Hopefully, this is just the start. We have some ideas in the pipeline that will enable as many people as possible to reap the rewards of our shared innovation."
Hiro is swapping reactive for proactive. It helps you to defend the things you hold dear – the things that money can't replace – and empowers you with smart tech that prevents bad things from happening. It'll even reward you with lower prices, just for being a safer homeowner – and give you access to amazing discounts on tech to help you get the most out of your insurance, whether you claim or not. And if you decide Hiro isn't for you, it won't be held against you. You can cancel your monthly subscription whenever you like, straight from the Hiro app. No cancellation fees, no nonsense. This is simple, transparent home insurance that helps to protect not just your valuables, but your invaluables.
StepLadder is a fast growing and award-winning company pioneering collaborative finance and revolutionising the home buying process. Through their collaborative lending Circles StepLadder are supporting people to buy their first home faster, reach their financial goals, and championing financial wellbeing.
Pie Insurance | August 28, 2021
Pie Insurance, an insurtech company specializing in workers' comp insurance for small businesses, today announced that Pie Carrier Holdings has received regulatory approval from the Illinois Department of Insurance to acquire Western Select Insurance Company, a property casualty insurance company that is licensed in Illinois, California, and New York, from a subsidiary of Premia Holdings Ltd. The proposed acquisition represents an important step by Pie Carrier Holdings, a subsidiary of Pie, formed in May 2020, to execute on Pie's strategy of becoming a full-stack insurance carrier.
Upon the closing of the proposed acquisition, Western Select Insurance Company will be renamed Pie Casualty Insurance Company.
"Since Pie was founded in 2017, our goal has been to offer the entire small business insurance experience to our customers as a full stack insurance carrier," said John Swigart, co-founder and CEO of Pie. "Receiving regulatory approval to acquire Western Select Insurance Company is a key milestone on the path for Pie to write our own policies, and to bring our seamless commercial insurance experience to even more small businesses across the country."
About Pie Insurance
Pie Insurance is leveraging technology to transform how small businesses buy and experience commercial insurance, with the goal of making it affordable and as easy as pie. Pie's intense focus on granular, sophisticated pricing and data-driven customer segmentation enables Pie to match price with risk accurately across a broad spectrum of small business types, which allows Pie to offer more affordable insurance to small business owners. Since 2017, Pie has received over $300M in funding and commitments for future funding, grown its gross written premium to over $100M, and partnered with over 1,000 agencies nationwide.
Cision PR Newswire | September 18, 2020
Novacap, one of Canada's leading private equity firms, announced today that it has entered into a definitive agreement for the acquisition of a majority interest in GroupAssur Inc., a Canadian managing general agent ("MGA") specializing in the Property and Casualty ("P&C") insurance lines, and offering distinctive insurance products across Canada. Headquartered in Montreal, QC, with additional services offices, located in Quebec City and Brossard, QC and Markham, ON, GroupAssur provides comprehensive, innovative, and efficient insurance solutions to its country-wide network of Canadian brokers.