Branch Insurance has introduced that it has launched operations in Washington, D.C., Georgia, Massachusetts and Mississippi.
Branch is an insurtech agency that enables prospects to immediately bundle house and auto insurance coverage, saving its members a mean of $548 yearly. It permits prospects to bundle house and auto totally on-line, enabling Branch to embed its insurance coverage with mortgage firms, auto lenders and residential safety firms.
“National availability will allow Branch to forge more embedded partnerships and appoint new independent agencies across the country,” mentioned Steve Lekas, co-founder and CEO of Branch. “We’re committed to offering Branch’s seamless experience when and where consumers are shopping: online, when they get a home loan, or with their trusted agent.”
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Branch has already inked a variety of embedded insurance coverage partnerships throughout the mortgage, auto and residential safety industries. The firm additionally continues to broaden its impartial company channel.
Expanding our group permits us to raised ship on our mission of constructing insurance coverage cheaper so extra individuals will be insured,” Lekas mentioned. “We’re thrilled to be able to bring so many more consumers into the Branch community and deliver a seamless experience and deep savings to our members.”
Branch Insurance lately named Thommy Guerrero as its first chief monetary officer and appointed Joseph B. Anderson Jr. as an impartial director. In June of final yr, it raised $147 million in Series C financing.
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