Certua announces partnership with Covéa Insurance
Today Embedded Finance specialist Certua has announced a new partnership with Covéa Insurance.
The start of the partnership is marked with the launch of the Covéa Insurance Tradespeople and Professional (TPI) product on the platform of insurtech, Brisk.
To deliver this, Certua has created a fully compliant integration of the Covéa TPI product, allowing Brisk to embed it directly within their digital user experience for distribution to their SME and Micro SME clients.
For Covéa Insurance, this innovation in the commercial insurance digital space builds on their commitment to enabling new digital SME propositions. It widens market access to their pricing experience and expertise and allows them to iterate and manage the TPI product across multiple distribution partners simultaneously.
For Certua, the partnership demonstrates the value of embedding directly relevant financial services within the digital user experiences to grow revenues and differentiate engagement.
Tom Williams, CEO, Certua said: “The ongoing impact of the pandemic has made it clear that opening new routes to market are immediately necessary in order to satisfy unprecedented demand for managing risk, both for SMEs and Consumers.
“As the market evolves in line with increasingly dynamic modern problems, successful partnerships must leverage respective strengths; and our partnership combines the capital base and underwriting expertise of Covéa with our technical capability and customer focused innovation.
“Our goal is not only to provide a platform to access new markets, but to innovate in partnership with the Insurance industry to create new products, new decision-making models, and new ways to engage clients, using data to drive positive outcomes for our partners, their clients and the capital markets.”
Tracey Smith, Head of Insurtech & Fintech, at Covéa Insurance said: “This is a great opportunity to work together with Certua to be able to provide SME trades insurance to customers through innovative distribution routes. Brisk’s risk management solution offers SME’s the opportunity to manage their risks and insurance is a key part of that ecosystem. We are looking forward to working with both Certua and Brisk to continue development in this space.”
James Russell, CEO, Brisk said: “Protecting a business is so much more than just buying an insurance policy. Small businesses need all the help they can get right now, and providing them a way to proactively monitor risks and connect them to insurance in a single platform is really helping them to save time and give them peace of mind”.
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