Embedded auto insurance provider, Clearcover, has announced the expansion of its embedded insurance strategy through a bind-API integration with Goosehead Insurance, Inc., (NASDAQ: GSHD), a rapidly growing, independent personal lines insurance agency.
The high-tech integration enables Goosehead Insurance agents to generate a Clearcover quote directly through their quoting platform, delivering a more streamlined quote-and-bind experience for agents and their clients.
Founded by Kyle Nakatsuji in 2016, Clearcover provides customers with the technology they need to confidently make the best decisions. The insurtech has raised more than US$480 million in funding to date. In 2022, the insurance fintech ranked No.50 on the Deloitte Technology Fast 500TM and No. 151 on the Inc. 5000 Fastest Growing Privately Held Companies in America
“This API deepens our existing relationship with Goosehead Insurance and allows their agents to serve their clients in the most efficient way,” said Clearcover Integrations Product Manager Steve Black. “As part of our long-term vision and strategy, Clearcover remains steadfast in delivering a seamless and competitive car insurance experience that adds value to the marketplace. By boosting partner enablement through our best-in-class technology stack, we are able to accomplish this more effectively.”
This latest step in the Clearcover and Goosehead Insurance partnership, which was first announced in June 2021, signals an ongoing commitment between the two companies to harness technology to revolutionize the car insurance experience for both agents and clients.
“At Goosehead Insurance, we are committed to providing industry-leading solutions that simplify the insurance shopping experience and empower clients to choose the best coverage at the right price,” said Oswaldo Gonzalez, Managing Director of Product and Program Management, at Goosehead Insurance. “Our expanded partnership with Clearcover reflects our ongoing investment in innovative technologies that help our agents provide greater ease, transparency and education to our clients.”
Clearcover is building momentum in its ongoing effort to expand its embedded insurance strategy, including a collaboration with Experian and most recently, the launch of “Choice,” its customizable end-to-end auto insurance integration brands across the financial services industry.
About Goosehead Insurance
Goosehead (NASDAQ: GSHD) is a rapidly growing and innovative independent personal lines insurance agency that distributes its products and services through corporate and franchise locations throughout the United States. Written premiums in the second quarter of 2023 grew by 36%, with total written premiums placed for the year expected to be between $2.87 billion and $2.99 billion.
