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Friday, May 10, 2024

Insurtech Clearcover broadens its embedded insurance coverage plan


Selection by Clearcover gives a customisable end-to-end auto insurance coverage integration for manufacturers.

Powered by Clearcover and its API-based expertise, the mixing permits manufacturers to ship value and coverage comparisons from varied carriers. This permits clients to decide on the choice that provides the very best worth for them.

Moreover, integrating with Selection allows manufacturers throughout monetary providers to present clients a easy comparability expertise for auto insurance coverage.

“Our objective at Clearcover is to offer our clients with probably the most handy, inexpensive automotive insurance coverage protection, and ‘Selection’ allows us to do this with an excellent broader attain,” mentioned Clearcover CEO and co-founder Kyle Nakatsuji.

“We’re thrilled to increase our distribution attain to a complete new pool of potential clients by lending our ‘insurance-in-a-box’ digital answer to different manufacturers,” mentioned Clearcover chief product and innovation officer Adam Fischer. “We’re persevering with to deal with assembly our clients the place they’re on their monetary journeys and making it easy for companions to combine our expertise.”

Clearcover and Goodcover

Goodcover is the primary firm to combine with Selection for Goodcover Auto.

Launched this month, the platform is designed to help Goodcover clients discover automotive insurance coverage charges from high insurers to pair with their renters insurance coverage.

“The ‘Selection’ platform performs a big position in powering the backend of Goodcover Auto, seamlessly integrating Goodcover members’ profiles and streamlining the quote course of to make auto insurance coverage choice extra environment friendly,” mentioned co-founder and CEO of Goodcover Chris Lotz. “This partnership helps Goodcover members take management of their monetary targets and additional strengthens our dedication to empowering renters.”

Clearcover raised $200m in a Collection D funding spherical to strengthen its digital insurance coverage choices.

Current buyers American Household Ventures, Cox Enterprises, OMERS Ventures, together with a number of different new backers participated within the spherical led by Eldridge.

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