Apollo and Yardi in new embedded insurance partnership

Canadian insurtech Apollo Insurance has teamed up with real estate platform Yardi to bring embedded insurance into the property market.

Canadian insurtech Apollo Insurance has teamed up with real estate software provider Yardi to embed insurance products into their flagship property management platform.

With its proprietary technology, Apollo Insurance leverages extensive data and algorithms to offer quotes, payment collection and policy delivery instantly without the need for human intervention. It makes the Vancouver-based outfit an ideal choice for embedded insurance, which is becoming increasingly popular as consumers demand straightforward, frictionless digital experiences in every aspect of their lives.

The company’s latest partnership will see its insurance offering embedded into Yardi Voyager, a web-based property management platform that gives landlords access to analytics and accounting tools. Apollo joins over 300 other collaborators already integrated into Yardi’s flagship software.

Bright future for insurtech partnerships in property market

Apollo CEO Jeff McCann says: “Apollo is excited to partner with such an innovative real estate software solutions company. Yardi shares Apollo’s consumer-centric focus and vision of an industry where technology does the work, so that people can build relationships.”

Peter Altobelli, Vice President and General Manager of Yardi Canada, adds: “Apollo’s digital-first approach to insurance aligns with Yardi’s mission to provide our clients with superior products and outstanding customer service. We are excited to bring Apollo’s digital insurance fulfilment to our clients.”

The rental market is an important new market for insurtechs: earlier this month, we revealed how a German insurtech startup that was changing the way we think about security deposits had raised €1.9mn in seed funding. Instead of the traditional method of a cash deposit being squirrelled away for the duration of the tenancy, Garentii are empowering landlords to give tenants an alternative in the form of insurance costing as little as €3 per month.

As embedded insurance grows, consumers can expect to see more insurance offerings delivered seamlessly at the point of sale. According to InsTech London, the size of the embedded insurance market for P&C insurers alone could be worth more than US$700bn by 2030.


Featured Articles

Insurtech unicorn bolttech takes on extra $50m in funding

Insurtech unicorn bolttech has taken on an extra US$50m in funding from Leapfrog Investments as part of the insurtech's Series B extension

Allianz wants to 'lead by example' with new net-zero targets

Allianz has said it wants to "lead by example" after announcing ambitious new targets to make its investment and underwriting portfolios net zero

Insurtech pricing solution Akur8 seals $25m in fresh funding

Akur8, whose insurtech solution is used by actuaries to build pricing models across all insurance lines, has received backing from Guidewire and FinTLV

Beazley launches tornado parametric insurance using NWS data


Alex Dalyac: Founding AI-based insurtech Tractable

Technology & AI

Saudi Arabia: 'solid' framework to guide insurtech sector