Clearcover rolls out embedded car insurance solution, Choice

Clearcover is launching a new embedded insurance solution for car insurance providers, lending brands their white-label insurance solution

Embedded insurance company Clearcover is launching a new embedded insurance solution that gives customisable, end-to-end car insurance integration for non-insurance brands.

Part of the rising tide of embedded options that are changing the way insurance is delivered, the new product is powered by Clearcover’s proprietary API-based technology platform. This will allow brands to embed insurance cover directly into their existing ecommerce checkout flows.

Clearcover’s API provides clear price and policy comparisons between multiple carriers, allowing customers to choose the option that best suits them – without having to scour for cover separately themselves.

The first company to integrate with Clearcover Choice is Goodcover, which is launching a new service designed to help eligible policyholders to find car insurance rates from top insurers to go with their renters’ insurance.

Clearcover pedals out its ‘insurance-in-a-box’ solution

Clearcover’s latest product comes just nine months after the company raised US$480m in a Series E funding round. It was founded by Kyle Nakatsuji, who graduated law school but was, at his own admission, the “worst lawyer” before starting Clearcover with insurance industry veteran Derek Brigham in 2016.

"Our goal at Clearcover is to provide our customers with the most convenient, affordable car insurance coverage, and 'Choice' enables us to do that with an even broader reach," Nakatsuji says about their latest product launch.

"We're thrilled to expand our distribution reach to a whole new pool of potential customers by lending our 'insurance-in-a-box' digital solution to other brands," adds Clearcover Chief Product and Innovation Officer Adam Fischer. "We are continuing to focus on meeting our customers where they are on their financial journeys and making it simple for partners to integrate our technology."

Goodcover Co-Founder and CEO Chris Lotz continues: “The 'Choice' platform plays a significant role in powering the backend of Goodcover Auto, seamlessly integrating Goodcover members' profiles and streamlining the quote process to make auto insurance selection more efficient. This partnership helps Goodcover members take control of their financial goals and further strengthens our commitment to empowering renters."

******

For more insights from InsurTech Digital, you can see our latest edition of InsurTech Digital here, or you can follow us on LinkedIn and Twitter.

You may also be interested in our sister site, FinTech Magazine, which you can also follow on LinkedIn and Twitter.

Please also take a look at our upcoming virtual event, InsurTech LIVE, coming on 18-19 October 2023.

******

BizClik is a global provider of B2B digital media platforms that provides executive communities for CEOs, CFOs, CMOs, Sustainability Leaders, Procurement & Supply Chain Leaders, Technology & AI Leaders, Cyber Leaders, FinTech & InsurTech Leaders as well as covering industries such as Manufacturing, Mining, Energy, EV, Construction, Healthcare, and Food & Drink.

BizClik – based in London, Dubai, and New York – offers services such as Content Creation, Advertising & Sponsorship Solutions, Webinars & Events.

Share

Featured Articles

Milliman Arius: Reserve Analysis with an End-to-End Solution

Insurers face risks and errors with current reserve analysis methods – and Arius provides the answer

Allstate: BCG Partner Harnesses Gen AI to Transform CX

Allstate and BCG are harnessing Gen AI via a new model to better understand customer needs and improve overall experiences within the insurance sector

Comarch Diagnostic Point: Next Gen European Health Insurance

Healthtech provider Comarch introduces Comarch Diagnostic Point, set to improve health insurance across European markets

MoneyLIVE Summit 2024: Qover Talks Embedded Insurance

Insurtech

Ansel raises US$20m to combat financial healthcare barriers

Partner Ecosystems

Hastings Direct: Levelling up with Snowflake

Insurtech