Insuritas Announces Partnership with City National Bank ($5.5B Assets)
September 23, 2020 – Insuritas today announces it has partnered with City National Bank of West Virginia to build a turnkey, full service digital insurance agency that will operate across their multi-state footprint. This new partnership will enable City National Bank to offer its customers the auto, home and business insurance products they purchase every year, while deepening customer share and building an additional source of non-interest income.
‘We are thrilled to announce this partnership with City National Bank,’ said Jeff Chesky, Insuritas’ Chairman & CEO. ‘As one of the nation’s preeminent regional banks, now celebrating their third consecutive year with the highest ranking from JD Power for customer satisfaction, we are proud to have earned the opportunity build, launch and manage a full service digitally powered insurance agency for the bank. This new agency launch will offer all of the insurance products the bank’s customers will need over their lifetime, and the agency’s products and services will be connected to the digital platforms the bank is building out to support it’s continued growth.’
Chesky added, ‘Through our partnership, the bank will now be able to provide their customers with simple, seamless access to more competitive options for their customers’ insurance needs, with a focus on delivering the right coverages at the right price at the right time.’
Insuritas and City National expect to complete the launch of the insurance agency in late 2020, building and deploying a full-service insurance offering with over 40 carrier partners in just 90 days.
For more, visit www.insuritas.com.
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 ecosystem, 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.