Insuritas, a leading embedded insurance provider for financial institutions, has announced a new partnership with Integral Group Solution (IGS), a global leader in providing value-add assistance programmes.
This strategic alliance integrates IGS’ Home Services coverage plan within Insuritas’ award-winning BUNDLE platform, offering financial institution customers new opportunities for diversified, non-interest recurring income streams through insurance services.
The partnership aims to leverage IGS’ Home Services coverage plan to provide residents with access to a variety of products that simplify home maintenance tasks and ensure the safety, comfort, and longevity of their homes.
This service is designed to enhance customers’ lives by offering affordable handyman services for home repairs, maintenance, and upkeep.
Insuritas specialises in providing embedded insurance solutions for financial institutions, enabling them to offer a broad range of insurance products, including home, auto, life, and health insurance, through its BUNDLE platform.
This award-winning, turnkey solution allows banks and credit unions to deepen their product offerings and build significant non-interest income streams.
Integral Group Solution (IGS) is known for delivering comprehensive assistance programmes that add value to customers’ lives.
Their Home Services coverage plan is a key product aimed at improving home maintenance by offering affordable and reliable handyman services.
Through this collaboration, Insuritas aims to continue its tradition of providing innovative protection products that complement its core property and casualty home and auto insurance offerings.
This partnership with IGS underscores Insuritas’ commitment to supporting financial institutions with diversified income opportunities and comprehensive insurance solutions.
Additionally, Insuritas’ BUNDLE platform has been a cornerstone for over two decades, empowering banks and credit unions to offer essential insurance products that meet their customers’ needs.
The integration of Home Services coverage further enhances this portfolio, providing customers with valuable and necessary services.
Jeffrey Chesky, President and CEO at Insuritas, commented, “This exciting development is just another key example of Insuritas’ commitment to provide diversified non-interest income for our financial institution partners. For over two decades, BUNDLE has empowered banks and credit unions to offer essential insurance products that meet their customers’ needs. We are extremely pleased to be able to add Home Services coverage to an already comprehensive portfolio of protection products.”
Jair Marrugo, CEO at IGS, remarked, “Our partnership with Insuritas is a testament to our shared values of community enrichment and support. We are excited to introduce the Home Services Coverage Plan to empower customers to maintain their homes more easily and affordably. Our goal is to make a positive impact on our customers by offering innovative solutions that align with their needs.”
Copyright © 2024 InsurTech Analyst
