Subject: LIC
Roamly Partners with Bindable to Expand B2B2C Distribution Using Preferred Channels
The carrier will now distribute their RV protection products through Bindable's digital insurance marketplace, reaching millions more American households
BOSTON, Jan. 18, 2024 /PRNewswire-PRWeb/ -- Bindable, the InsurTech leader for alternative distribution solutions, has announced a new partnership with Roamly Insurance Group (Roamly), the first RV-focused InsurTech for the outdoor enthusiast market. Roamly's unique RV insurance offerings will now be available to the customers of Bindable's technology and affinity partners.
"Consumers increasingly crave convenience and choice when it comes to making insurance purchase decisions. They expect the ability to seamlessly find any of the protection products they need all in one place," said Bill Suneson, co-founder and CEO of Bindable. "Adding Roamly's top of the line RV insurance products to our platform gives both our clients' customers and our own agency's customers access to more comprehensive offerings, which in turn enhances customer satisfaction and retention, and ultimately drives greater business growth for participants all across our B2B2C ecosystem."
According to the RV Industry Association, RV ownership has increased more than 62% in the last 20 years with a record 11.2 million households owning a recreational vehicle. Additionally, 9.6 million households intend to buy an RV within the next five years.
"The numbers show that millions of Americans need RV insurance, so for us, finding innovative and effective ways to reach customers is mission critical to gaining a competitive edge over other providers," said Austin Green, head of partnerships at Roamly. "Leveraging Bindable's turn-key digital distribution platform has given us a significant advantage by substantially increasing our access to customers through preferred channels to serve more RV enthusiasts across the country."
Roamly's products have been integrated to the Bindable platform using Roamly's own API. Consumers can bind online or through an agent, making the customer experience more practical, economical, and efficient.
About Bindable
Bindable is the insurance technology leader for alternative distribution. Its proprietary platform brings together software, a digital wholesale marketplace, and a full suite of support services to offer flexible, market-ready solutions that connect insurance providers, trusted brands, and consumers. The company is headquartered in Boston, Massachusetts. To learn more about Bindable, please visit www.bindable.com and connect on LinkedIn, Twitter, and Instagram.
About Roamly Insurance Group
Roamly Insurance Group (Roamly) is the first full stack insurance product for the travel and enthusiast market with a full suite of embedded insurance offerings, unlocking RV insurance to make owners' vehicles 'rent ready.' Roamly provides unique digital insurance products that eliminate the commercial use exclusion clause that prohibits online renting activity. Aided by its suite of more than 500 insurance licenses and proprietary products, Roamly delivers marketplace insurance products for this fast-growing asset class, enabling RV owners to enjoy life-changing financial benefits by hosting travelers while also offering insurance protection to travelers seeking to protect their trips and loved ones. For more information, visit www.roamly.com. For further information: [email protected].
Media Contact
Mary Clare Riordan, Bindable, 1 7817247258, [email protected], www.bindable.com
SOURCE Bindable
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