RISK MANAGEMENT, INTELLECTUAL PROPERTY
PRnewswire | April 26, 2023
Sure, the insurance technology leader that unlocks the potential of digital insurance, today announced the launch of Sure's Home Warranty solution, a modern embedded home warranty protection solution for the digital age. Sure's insurance platform and APIs power the digital insurance programs of large brands and carriers. Now, Sure is using its technology to expand its reach to enable partners to offer home warranty protection to their customers through a fully embedded experience.
"With Sure's Home Warranty solution, we are bringing a modern, technology-enabled approach to an age-old protection product," said Wayne Slavin, co-founder and CEO of Sure. "Like our other solutions, Sure's Home Warranty product fits seamlessly into almost any digital experience, making the process of adding home warranty protection to any property management platform or PropTech platform as simple as a few clicks of a mouse. The home warranty market is estimated to reach almost $4 billion in 2023, and we are enabling our partners to capture their share of this growing pie through our modern home warranty protection solution embedded directly into their existing digital experiences."
Using Sure's APIs and white-label platform, Sure's Home Warranty solution is available for distribution to individual homeowners through lenders, mortgage companies, fintechs, insurance carriers, insurance aggregators, and others. For landlords, they can seamlessly add home warranty to their rental properties through the rental management software platforms they already use to manage their rental units. Sure's embedded Home Warranty solution is now available countrywide.
Sure is the global insurance technology leader that unlocks the potential of digital insurance. Global brands and market-leading insurance carriers from the Fortune 500 build and launch sophisticated embedded insurance products on Sure's SaaS infrastructure to distribute, service, and scale digital insurance. Sure's insurance expertise combined with its technology increases revenue streams and accelerates market growth while revolutionizing the customer experience. Visit sureapp.com and follow us on LinkedIn and Twitter.
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
PRnewswire | April 06, 2023
Falvey has partnered with Canopius U.S. and is now accepting inland marine submissions following the recent appointment of the dedicated team at Falvey Insurance Group.
"Since onboarding the team about 30 days ago, we have implemented a fully functional and customized underwriting system, which includes invoicing and claims filing, and have secured paper with Canopius U.S.," says Jack Falvey, Chief Operating Officer at Falvey. "Our team worked tirelessly to make this launch quick-to-market as we wanted to make the inland marine product available to our broker partners as soon as possible."
Mike McKenna, Chief Underwriting Officer at Falvey, adds, "This partnership with Canopius will allow Falvey to expand into new lines of business and offer complementary products to our clients. We look forward to working together to provide top-tier service to our clients."
Inland Marine products offer broad terms and conditions that cover many risk types emanating from a wide range of commercial business applications that may not be covered in the standard property market. The many insurance needs considered in the Inland Marine market include the following: property moving over land, property that is stored at a third-party location, builders' risk, care, custody and control of others property in warehouses, infrastructure and/or individual high valued properties. These are just a few examples of the many Inland Marine insurance coverage needs that Falvey Insurance Group will consider.
About Falvey Insurance Group
At Falvey Insurance Group, our value starts with the strength of our products, but we believe that your premium should provide more than just great coverage. With Falvey Insurance Group, you receive a breadth of additional value-added services at no additional cost. We have spent decades developing a reputation in the industry for commitment to going the extra mile for our clients and broker partners, providing solutions that put your needs first and exceed expectations. If you have a broker agreement with Falvey, you have access to all Group products and a universal claim handling and loss control experience. Plus, you can expect World-Class service from any one of our underwriting teams.