The firm’s e-book was purchased for $5.5 million
Goosehead Insurance has bought Vivint Smart Home’s insurance coverage e-book of enterprise, which incorporates greater than 15,000 insurance coverage insurance policies, for $5.5 million in money.
The deal is a part of an earlier settlement between Goosehead, an impartial private traces company, and Vivint, a sensible residence tech firm.
“Consumer education and an exceptional client experience are at the heart of what we do at Goosehead,” mentioned Justin Ricketts, govt vp, expertise and partnerships at Goosehead, on deal announcement.
“We wish to prolong our new shoppers a heat welcome to the Goosehead household and sit up for giving them the perfect service and care within the trade.”
Former Vivint shoppers will even have the ability to entry Goosehead’s digital agent platform for quotes. The Westlake, Texas-headquartered company represents over 150 insurers that present private and small industrial protection.
Goosehead and Vivint enter ‘strategic partnership’
In April, Insurance Business revealed that Vivint Smart Home had deserted its insurance coverage company following its sale to NRG Energy. The firm would as an alternative pursue its insurance coverage technique via a partnership mannequin, it confirmed.
“In order to efficiently scale, we are moving to a partnership model to make the technology more widely available,” a Vivint spokesperson advised Insurance Business.
Earlier this month, Vivint and Goosehead introduced their strategic partnership, with the previous providing its sensible residence expertise merchandise to the latter’s insurance coverage shoppers.
Ricketts mentioned Goosehead plans to increase its partnership with Vivint via joint choices via a wider alternative of carriers.
What do you consider this Goosehead’s Vivint deal? Share your ideas under.
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