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Mylo, a leader in the InsurTech industry, and Fayr, an innovative mobile application aiding divorced parents, have formed a strategic partnership. The partnership will allow Fayr’s user base, which exceeds 20,000, to benefit from Mylo’s guided insurance shopping experience. This includes coverage recommendations and the ability to compare quotes from over 100 insurance carriers directly within the Fayr app. Mylo CEO David Embry said, “Fayr and Mylo combine technology and a great customer experience to provide a new level of convenience for separated parents. We look forward to helping Fayr’s users find the coverage they need to protect what matters in changing situations.” Fayr CEO Michael Daniels said, “At Fayr, we want to provide our users with fast, easy and stress-free ways to carry out important co-parenting activities, including managing their insurance. Mylo is a great addition to our experience because they quickly connect parents with the best coverage for current and changing needs.” https://lnkd.in/efnHS68A #OpenInsurance #EmbeddedInsurance #Insurtech #Insurance #Partnership

GEICO tops Keynova Group Q3 2024 scorecard for mobile offerings of auto and property insurance carriers. "In the mobile channel, carriers are continuing to enhance content and tasks by incorporating mobile device capabilities to improve access or facilitate the entry of information,” Beth Robertson, managing director, Keynova Group, stated in a written response to questions. “This includes integrating elements like scan, auto-complete, smart keyboards, calendars and picker tools, and quick action-style access to quickly navigate to desired information." https://bit.ly/401NJ3O #autoinsurance #insurtech #PropertyandCasualty

Thanks to Kaitlyn Mattson and Digital Insurance for the great coverage of #KeynovaGroup and our recent Mobile Insurance Scorecard comparing the mobile apps and mobile browser experiences of leading #PropertyandCasualty #autoinsurance carriers!

Woop and our insurance solution platform generates results through our educational focus on financial wellbeing. Generating Savings Results: With our impressive and growing # of carrier partners shopping rates with Woop can be its most effective and lead to more savings. Generating Retention Results: Woop has truly astounding retention numbers with our customers, CU's now have access to deploy as a member retention tool. Generating New Non-Interest Income Results: Woop is driving new streams of insurance revenue to our CU partners with every policy sold.  What we have is a genuinely impressive tool and a zero-cost solution, we see strong correlations with CU initiatives and sense of community wellbeing. This is why we have built our platform to resonate deeply with real world savings in these unpredictable economic times. Woop adds an extra layer of value to your loan service.   We've developed an insurance verification platform that’s more than just a tool; it’s a bridge between your members and their peace of mind. Merging the necessity of insurance verification with the convenience of digital technology, our system effortlessly aligns loan requirements with members' current coverage, eliminating guesswork and redundancy. With a partnership we can amplify the work you're already doing and set a new standard in member services. Retain and nurture the connection made at the point of loan origination during the car buying process into the vehicle ownership journey with our insurance platform.

I have been sharing how you, as a consumer, can take action to offset the rising costs of insurance premiums. As a consumer, let's see how you can take action to offset the increasing costs of insurance premiums. So far, we've covered higher deductibles, safe driving telematics, and reviewing available discount opportunities. This week, the strategy is to avoid letting policies cancel or lapse, as reinstating coverage can be challenging. Rather than paying your entire annual premium all at once, two solutions that come to mind are to place the payment on a credit card and to schedule monthly payments; this way, the premiums are in more manageable chunks. A lapse in auto insurance can lead to some unwanted consequences. Insurers often view a lapse as a warning sign, leading to higher premiums or denial of reinstatement. You might also lose valuable discounts and face reinstatement fees. If your coverage has been inactive for too long, you may need to reapply or switch insurers, often at higher rates. Driving without insurance can result in fines and suspension of your vehicle registration or driver's license. In the unfortunate event of an accident, while uninsured, you could face significant out-of-pocket expenses. Don't risk your financial future. Call my office today. Let's review potential solutions to ensure continuing premium payments. #insuranceagent

💡Curious about the latest trends in telematics for insurers? Our latest blog post explores an intriguing question: Can app-only telematics solutions be the future of auto insurance? 🚗 Find out how advancements in technology, including our market-leading on-device technology, are shaping the industry and why leading insurers are rethinking their strategies. Go ahead, give it a read 🤓 #Telematics #Insurance #InsurTech #Innovation 

Imagine managing your car insurance on your phone, anytime, anywhere. A well-designed mobile app can revolutionize the way policyholders interact with their insurance companies. Here's how a motor insurance mobile app can benefit both policyholders and insurers:

Embedded Insurance: The Future of Seamless Financial Protection is Here! 💡 Ever bought a phone online and added a warranty or insurance with just one click? That’s the power of Embedded Insurance—and it’s revolutionizing the way we think about financial services! 🚀 So, what exactly is Embedded Insurance? It’s when insurance products are integrated directly into non-insurance platforms like e-commerce sites, travel apps, or even car dealerships. This means insurance is now available exactly when you need it, without the extra steps or hassle. 💼💸 Here’s why it’s the next big thing: 🔹 Convenience at its Best: From getting travel insurance while booking your next trip, to car insurance when purchasing a vehicle — it’s all seamless and in real-time! ⏳🚗 🔹 Personalization: Using data, companies can now offer tailored coverage based on your needs. Think about ride-sharing apps offering custom insurance for each trip, or e-commerce sites giving you product protection at checkout. 🔹 Access for All: Embedded insurance will reach people who might not typically buy coverage, making financial protection more inclusive. 🌍 🔹 Massive Market Growth: The embedded finance market, including insurance, is expected to grow 28.8% annually by 2030! 📈 With companies like Tesla, Uber, and Amazon already in the game, the future is full of opportunities for businesses and consumers alike. This trend is creating new revenue streams for businesses and reducing customer acquisition costs for insurers, making it a win-win. 🌟 Are you ready to embrace the world of embedded finance and provide your customers with more value? Let’s discuss how your business can leverage this exciting shift! 💬 #EmbeddedFinance #Insurance #InsurTech #FutureOfFinance #Innovation #FinTech #BFSI #CustomerExperience

Insurtech startup blip officially launched in the UK earlier this week, looking to offer affordable business insurance for small businesses, amid difficult macroeconomic conditions. As a fully digital insurance provider, blip plans to return up to 10 per cent of its total policy premiums to its policyholders through a profit share model, enabling its members to save money, share in profits and benefit from a growth-focused online business community. blip is partnering with European insurer Wakam, integrating a fully stacked technology solution to blip’s proprietary distribution website to provide competitively priced and easy-to-understand small business insurance, with policies less than half the written length of competitors. Gary Ross, founder and CEO of blip, commented: “We are using our digital-first platform to cut costs and pass on the savings to our policyholders through our profit-sharing model. We want to empower our customers and build back trust between policyholders and providers through greater transparency and sharing in the profits. We are taking insurance back to first principles, where the losses of the few are paid by the premiums of the many." https://lnkd.in/e4feqnXx #Insurance #Insurtech #Embeddedinsurance #Openinsurance #launch

IIntroducing VehicleCare for Insurance, a platform designed to enhance customer experience, streamline workflows, and simplify the insurance claim process. Our digital solution makes it easy for claim handlers to identify the most suitable repair solutions efficiently. Key Features: Easy Damage Intake: Customers can report damages quickly by uploading photos through VehicleCare’s app or partner systems. Digital Assessment: Automated systems analyze the damage reports and enrich them with data to outline repair requirements clearly. Accurate Repair Allocation: Smart matchmaking ensures that repairs are steered toward the best repair shops based on availability, expertise, and cost. Optimized Authorization: Claim handlers review repair offers and authorize the most appropriate repair shop. Convenient Planning: Customers can schedule repair appointments in just a few clicks, choosing times that suit their needs. Insightful Repairs: Customers receive real-time updates and can provide feedback, offering valuable insights into repair quality and network performance. Easy and Secure API Integration: VehicleCare’s API can be seamlessly integrated with any claim or repair management software. https://lnkd.in/dtJ_eD2W