Clearcover, the digital-first car insurance company, has deepened its relationship with Experian’s auto insurance shopping solution to deliver a seamless embedded car insurance experience
Clearcover has announced the launch of an innovative embedded insurance solution in which consumers receive final, bindable quotes when they shop via Experian’s auto insurance comparison shopping service.
The new initiative, say executives, supports Clearcover’s strategy to fuel growth in its distribution channels and complements Experian’s consumer-centric approach to its products.
“We’re redesigning the insurance playbook by streamlining processes and building new experiences and capabilities,” said Clearcover CEO Kyle Nakatsuji (pictured). “We are grateful to Experian for putting their trust in us to develop solutions that improve their users’ experiences.”
Clearcover is investing in technology to meet market demand and support its mission to become the digital auto insurer of choice for modern drivers. Its partner-centric API allows users to comparison shop for auto insurance to find better rates without leaving the Experian site for final quotes.
Launched last year, Experian’s auto insurance offering furthers its mission to financially empower consumers by helping them potentially save hundreds of dollars on their current policy. “Working with a tech-enabled carrier is a win-win,” said Rakesh Patel, General Manager of Experian Insurance Services at Experian.
He continued: “Clearcover is uniquely positioned to tailor the underlying embedded experience so that our customers can quickly and easily shop for auto insurance policies all in one place. When we can empower consumers to make positive changes effortlessly, Experian is achieving its goal of financial power for all.”
Clearcover aims to empower customers through new offering
“This integration is part of our customer-centric mission to provide hassle-free insurance,” said Clearcover Chief Product and Innovation Officer Adam Fischer. “Our goal to empower consumers to make the smartest decisions at every step aligns with Experian’s mission to help its customers improve their financial well-being.”
On the heels of securing $153 million in Series E financing last November, Clearcover ramped up efforts to invest in and integrate new technologies and business strategies.
Clearcover Head of Partner Distribution Chris Ritter, explained: “Experian and Clearcover have a long-standing relationship. This collaboration is a natural progression and we’re looking forward to ensuring they have some of the smartest solutions on the market.”
Clearcover, which currently offers auto policies in 19 states, is advancing an industry that continues to adapt and change. The company ranked No. 50 on the 2022 Deloitte Technology Fast 500 list and was named by InsurTech Magazine as a “Top 10 Insurtech Platform to Watch in 2022.”
Join Clearcover experts in New York at ITI USA
To find out more about Clearcover’s latest strategies and innovations, join CEO, Kyle Nakatsuji for his expert panel session, ‘A Look into the Crystal Ball: Navigating the P&C Insurance Value Chain of 2030’ at Insurtech Insights USA 2023 on June 7th and 8th, at the Javits Center in New York. Click here for info on registrations.
