SEPTEMBER 23, 2019 – Insuritas, in partnership with Hiscox Insurance, debuts iInsure; a first of its kind technology that enables banks and credit unions to fully integrate insurance quote and buy capabilities into their high usage digital banking platforms today, live at Finovate 2019 in NYC.

Matt Chesky, President of Insuritas and co-Presenter at the Conference, noted; “Operating inside our financial institution-owned insurance platforms, iInsure systematically aggregates information from a customer’s loan and deposit relationships and can determine a customer’s policy renewal date. Our bank and credit union partners can now dynamically present an invitation for commercial customers to shop insurance through the bank’s agency when the customer is authenticated into their digital banking account.”

Tracy O’Brien, CTO of Insuritas and co-Presenter continued; “With the customer as an authenticated user, the bank instantly passes all relevant insurance underwriting information to its wholly owned insurance agency through our iInsure API. Our proprietary underwriting engine assesses coverage needs based on class of business, size and location – and our back-end recommendation platform dynamically matches the risk with a carrier whose product and risk appetite align precisely with the small business owner’s needs. Within seconds – we’re able to present bindable quotes and offers tailored to meet the customer’s exact needs –  for coverages including Professional Liability – General Liability and a Business Owners Policy.”

Hiscox Insurance – the global leader in digital insurance solutions for small businesses – is the first carrier partner to integrate directly into this distribution platform.

Matt Chesky concluded; “iInsure enables our banks’ business customers to secure insurance coverage for the next year in under two minutes, empowers the insurance carrier – in this case Hiscox – to write profitable premium for a preferred risk with no human interaction, and allows our bank and credit union partners to build recurring, value added, non-interest income – that promotes retention – and delivers a uniquely frictionless customer experience.”

About Insuritas

The Insuritas mission is to connect people to the insurance products they need through a seamless, transparent shopping experience where carriers compete to provide them with the right coverage at the right price. The Insuritas iInsure platform, deployed across a network of partners serving over 10M customers nationally, empowers financial institutions to leverage proprietary data-mining techniques and integrations with a broad array of insurance carriers to make highly personalized, digitally optimized insurance offers to their depositors, all within their brand. These strategies help further their commitment to the financial well-being of their customers, while driving a critical source of non-interest income for their institution. For more information, visit www.insuritas.com.