State Auto Integrates into Insuritas Insurance Ecosystem & 10M Users
East Windsor, CT July 10, 2019 – Insuritas announces that State Automobile Mutual Insurance Company (“State Auto”), a leading digital provider of property and casualty insurance, has completed a full, direct integration to the Insuritas ecosystem and the 10M users on its digital insurance platform.
Jeffrey Chesky, CEO of Insuritas noted; Our ecosystem is simply reengineering insurance distribution in America; changing the way consumers and small businesses interact with insurance carriers to shop, compare and buy insurance in high value exchanges, all orchestrated by banks and credit unions. Leading insurance carriers are now integrating directly into our scalable, API based insurance agency platform embedded inside banks and credit unions and connecting to their over 10M users – and we are proud to have State Auto as a leading partner.”
Chesky continued, “Our single, fully integrated insurance ecosystem is allowing financial institutions to connect their customers/users and all of their annual insurance needs to a wide array of insurance carriers in a single, virtual insurance agency ecosystem, replacing the highly fragmented and linear pipeline models that dominate insurance shopping, quoting and policy issuance today.”
Mike LaRocco, President and CEO of State Auto, noted, “State Auto is excited to be one of the first carriers in the nation to be fully integrated into the Insuritas ecosystem. Full integration allows us to present our products and services to consumers who closely align with our risk appetites exactly when they have an insurance need.”
Insuritas operates the nation’s first omni-channel, fully digital insurance ecosystem. Insuritas allows consumers and small businesses to shop and purchase all of their insurance coverages at the right price, allows for bank and credit union partners to add value, generate recurring non-interest income and deepen relationships with their customers, and for our carriers to compete to win the business of insureds they want to serve. The Insuritas ecosystem operates virtual, full service, digitally powered insurance agencies for banks and credit unions serving over 10M customers nationally. For more information, visit www.insuritas.com.
About State Auto
State Automobile Mutual Insurance Company, headquartered in Columbus, Ohio, is a super-regional property and casualty insurance holding company. The company is primarily engaged in writing personal and business insurance products exclusively through independent insurance agencies in 33 states and is proud to be a Trusted Choice® company partner. State Auto Mutual is part of the State Auto Group. The State Auto Group markets its insurance products throughout the United States, which is rated A- (Excellent) by the A.M. Best Company and includes State Automobile Mutual, State Auto Financial Corporation, State Auto Property & Casualty, State Auto Ohio, State Auto Wisconsin, Milbank, Meridian Security, Patrons Mutual, Rockhill Insurance, Plaza Insurance, American Compensation and Bloomington Compensation. Additional information can be found online at http://www.StateAuto.com.