Department Insurance coverage has introduced that it has launched operations in Washington, D.C., Georgia, Massachusetts and Mississippi.
Department is an insurtech agency that permits clients to immediately bundle house and auto insurance coverage, saving its members a median of $548 yearly. It permits clients to bundle house and auto solely on-line, enabling Department to embed its insurance coverage with mortgage corporations, auto lenders and residential safety corporations.
“Nationwide availability will permit Department to forge extra embedded partnerships and appoint new unbiased companies throughout the nation,” stated Steve Lekas, co-founder and CEO of Department. “We’re dedicated to providing Department’s seamless expertise when and the place customers are procuring: on-line, once they get a house mortgage, or with their trusted agent.”
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Department has already inked quite a few embedded insurance coverage partnerships throughout the mortgage, auto and residential safety industries. The corporate additionally continues to develop its unbiased company channel.
Increasing our group permits us to raised ship on our mission of constructing insurance coverage inexpensive so extra folks may be insured,” Lekas stated. “We’re thrilled to have the ability to convey so many extra customers into the Department group and ship a seamless expertise and deep financial savings to our members.”
Department Insurance coverage just lately named Thommy Guerrero as its first chief monetary officer and appointed Joseph B. Anderson Jr. as an unbiased director. In June of final yr, it raised $147 million in Collection C financing.
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