This deal will expand access to Coterie’s insurance for small businesses. Small businesses and groups accessing the Mulberri platform will have access to Coterie’s business owner policies, and general and professional liability coverages.
Together, the companies are leveraging technology to simplify the insurance process for small businesses.
Speaking on the deal, Mulberri CEO Hamesh Chawla said, “Our partnership with Coterie will provide broader business insurance offerings for our clients.
“This partnership will help us achieve our overarching mission to simplify the archaic and fragmented process of securing insurance to ensure that small businesses are protected in all facets of their business.”
Mulberri is an AI-driven InsurTech platform targeted at professional employer organisations and brokers. It offers fast quoting and binding capabilities and integrates with carriers and managing general agents, like Coterie, to provide broad access to insurance products for small businesses.
The company recently raised $4m in its seed funding round, which was backed by Hanover Technology Management, MS&AD Ventures and Altamont Capital Partners.
Coterie has been busy in 2022 forming partnerships. The partnership-focused InsurTech recently teamed up with QuickBooks Insurance, giving the latter deeper access to quote and bind processes. In addition, customers now have the option to select enhanced coverages and add endorsements when purchasing a policy.
QuickBooks uses artificial intelligence (AI) to recommend the best insurance policy to customers based on relevant information that already exists within QuickBooks and their unique insurance needs.
Coterie recently launched a solution that leverages automated underwriting to save agents and brokers time. The SimplyBind Experience will save agents and brokers 75% more time, it claims.
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