Ready Capital hires Insuritas to Launch Digital Insurance Agency
Focus will be on Rapidly Building a new Source of Recurring, Non-Interest Income for Commercial Customers Nationally
East Windsor, CT (July 21, 2022) – Insuritas announces it has been hired by Ready Capital Corporation (NYSE: RC) (“Ready Capital”) to install its award-winning full-service digital insurance agency platform, Bundle. The insurance agency will be owned by Ready Capital, embedded inside the Ready Capital ecosystem, and will be engineered to offer a full-service insurance agency solution to their commercial customers. With the partnership Ready Capital will be able to offer its commercial customers the commercial insurance products they purchase every year, while deepening wallet share and building an important source of annuitizing non- interest income.
“We’re delighted to partner with Ready Capital to provide a full-service, digitally powered insurance agency for the bank and its customers,” said Insuritas President Matthew Chesky. “Through Bundle, our fully embedded insurance agency as a service, Ready Capital will now be able to provide simple, seamless access to competitive options for their customers’ insurance needs, all with a focus on delivering the right coverages at the right price at the right time.” The agency will feature a variety of insurance services, including commercial, home, renter’s, auto, pet, identity theft, travel among others. Insuritas partners with more than 40 carriers to ensure appropriate coverage at a competitive price. The agency is scheduled to open this fall.
About Ready Capital Corporation
Ready Capital Corporation (NYSE: RC) is a multi-strategy real estate finance company that originates, acquires, finances and services small to medium balance commercial loans. Ready Capital specializes in loans backed by commercial real estate, including multifamily agency, stabilized and bridge financing, as well as government guaranteed business loans. Ready Capital and its affiliates also provide alternative lending, construction lending, and low-income housing finance as well as residential mortgages. Headquartered in New York, Ready Capital employs more than 600 lending professionals nationwide. The company is externally managed by Waterfall Asset Management, LLC.
Insuritas’ mission is to connect people to the insurance products they need through a seamless, transparent shopping experience in which carriers compete to provide them with the right coverage at the right price. The Insuritas ecosystem, deployed across a network of partners serving over 22 million customers nationally, empowers partners to leverage proprietary data- mining techniques and integrations with a broad array of insurance carriers to make highly personalized, digitally optimized insurance offers to their customers, all within their brand. These strategies help further their engagement with their customers, while driving a critical source of recurring non-interest income for their company. For more information, visit www.insuritas.com.