US-based InsurTech venture Insuritas has just scored another high-profile customer to help it build up its own insurance agency.
“We are excited to welcome First Citizens National Bank (FirstCNB) to the Insuritas family,” said Jeffrey Chesky, CEO and founder of Insuritas. “The bank’s leadership understands the value of offering a full suite of insurance products to their entire statewide customer base and has tasked us with building a full service insurance agency that will support their retail and commercial customers’ insurance needs across their 24-branch footprint. We will deploy our award winning iInsure digital agency platform and our data analytics capabilities to deliver personalised insurance solutions to their consumers and commercial customers for all of the insurance purchases they make every year.
“This new partnership will enable FirstCNB to offer their customers and the communities they serve the opportunity to shop for all of the insurance and risk management products they need, all under the FirstCNB brand that their customers know and trust. By connecting their customers to dozens of insurance carriers competing for their business on the Insuritas’ iINSURE platform, customers will be able to seamlessly obtain the right coverage, at the right price, for all of their insurance needs, all while helping FirstCNB expand wallet share, customer share and non-interest income.”
The FirstCNB partnership is a the latest in a long string of new customers who have opted to use Insuritas services and platform to build their own bespoke insurance agencies. For instance, Clearview Federal Credit Union signed up as a client in January 2020.
Insuritas was hand-picked by FinTech Global’s InsurTech100 panel as one of the world’s most innovative InsurTech companies in 2019.
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