APOLLO Insurance, Canada’s leading online insurance provider, has partnered with Liberty Mutual Insurance, a Fortune 100 company that is the sixth largest global property and casualty insurer based on 2020 gross written premium, to add retail store insurance to APOLLO’s rapidly growing catalogue of digital insurance products.
“This is a great product that brokers can offer to their clients online quickly and efficiently”
This new offering includes a variety of coverages geared towards retail clients, including Commercial General Liability, Property, Equipment Breakdown, Crime, and more. As with every APOLLO product, the entire process, from quoting, binding coverage, and issuing policy documents is immediate, online, and paper free.
Canadian insurance brokers are able to access all of the products on the APOLLO broker portal by registering for free. Brokerages partnered with APOLLO are also able to white label this and other products to sell directly from their brokerage website in an eCommerce environment.
“This is a great product that brokers can offer to their clients online quickly and efficiently,” said Marco Andolfatto, APOLLO’s Chief Underwriting Officer. “APOLLO’s rich functionality allows brokers to follow up on quotes and ensure they’re offering the expertise, advice, and counsel their customers need to make an informed buying decision. We are very excited to be partnering with Liberty Mutual Insurance to provide our brokers a comprehensive digital insurance offering for their retail store clients.”
APOLLO’s proprietary technology platform, the APOLLO Exchange, transacts insurance business in real-time and leverages extensive data and sophisticated algorithms to quote, collect a payment, create and deliver policies. Thousands of types of small businesses and individuals are able to buy online without human intervention.
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Some of the coverage features for this retail product include:
- 35 eligible retail operations
- Up to five locations and $5 million in revenue
- Online sales
- Monthly and annual payments
- Up to 30% revenue from delivery, installation or repair
- Sales outside of Canada up to 30%
- Flexibility – pick and choose coverages that are tailored to specific needs
Liberty Mutual Insurance is one of a select group of approved insurance carriers that support products on the APOLLO Exchange platform. In early 2021, it was announced that Liberty Mutual was a participant in APOLLO’s $13.5 million Series A fundraise.
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