B2B InsurTech News

Gainbridge Announces Launch of Its New B2B Insurance-as-a-Service Platform and Partnership with SAVE

Gainbridge Announces Launch of Its New B2B Insurance-as-a-Service Platform and Partnership with SAVE

Gainbridge Insurance Agency, LLC, a Group 1001 company, announced the upcoming launch of its business-to-business (B2B) “insurance-as-a-service” platform targeting leading financial technology companies with turnkey, intuitive savings, and retirement solutions for their consumers.

Today, Gainbridge offers simple, commission-free annuity products with compelling returns through its digital-first user interface. With this new expansion, Gainbridge will offer white-labelled investment products to its business partners, providing industry-leading risk management, regulatory and compliance oversight, and product development infrastructure.

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Launching later this year, the new B2B platform will be an API-based, cloud-native platform, designed with flexibility and ease of integration in mind. Companies that partner with Gainbridge can expect seamless integration of applications to enable policy issuance, policy administration, and reporting that are tailored to their unique brand, user experience and design. This new development marks an exciting opportunity for consumer finance companies looking to launch innovative and diversified financial products.

“The world of consumer finance is growing increasingly fragmented as individuals demand direct access to products and services and greater control over how their finances get managed,” said Justin Wee, Chief Strategy Officer, Life & Annuity, at Group 1001. “We’re excited to help address the needs in the ‘save’, ‘invest’, and ‘protect’ legs of the consumer financial journey, and we want to empower companies by making it easier to offer these to their customers by bringing down the barriers to entry in the insurance world.”

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One of Gainbridge’s first partners, SAVE, a Houston-based “savetech” platform, sees the value of fixed annuities in providing additional yield for its customers. SAVE started working with Gainbridge earlier this year and sees the technology investment to streamline purchases of annuities offered on the Gainbridge platform as a differentiator in the insurance space. “Our partnership with Gainbridge is changing how investments in annuities are made with a technology solution that allows us to process annuities paperlessly,” said Michael Nelskyla, CEO and Founder of SAVE. “We’re fortunate to count Gainbridge as a trusted partner.”

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