InsurTech Hiro and StepLadder team to boost prevention-first insurance offering

Hiro has partnered with collaborative finance firm StepLadder with the aim of bringing prevention-first insurance to its members.

According to Hiro, the relationship offers StepLadder members access to Hiro’s innovative insurance and paves the way for further collaboration between the two companies.

Hiro claims it 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 seeks to champion the power of collaborative finance by helping fund certain home-related finance projects – whether this be raising money for a deposit on a house of funding home improvements or renovation.

Hiro commented that there was scope for the partnership between the two companies to grow, with Hiro members potentially set to benefit from StepLadder’s collaborative finance in the future.

Hiro head of partnerships Hamza Abbas said, “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.

“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.”

StepLadder CEO Matthew Addison added, “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. “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.”

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