Surestart, a local insurtech startup that provides and distributes insurance products has showcased its ability to digitally sell 1 000 insurance policies a day, with only two members of staff working remotely due to Covid-19.
The startup reimagines the delivery process of insurance and collaborates with eCommerce businesses that can provide insurance as an additional revenue stream.
Surestart partners with Commerce businesses to re-imagine insurance delivery
In an official press release, Travys Wilkins, executive director of Surestart comments that the increase in sales has been a result of the growing eCommerce ecosystem during Covid-19.
“Covid-19 has rapidly ramped up the success of e-commerce businesses with whom we partner. In fact, we’ve seen a 400% increase in sales throughout lockdown. There’s been a marked shift in consumer demand and buying behaviour. Where insurance was traditionally sold face-to-face via brokers, social distancing meant that customers had to get comfortable buying insurance via digital channels.”
The insurance industry experiences strict regulations as there is little margin available after costly overhead and operational expenses.
Surestart aims to tackle challenges experienced in the insurance industry through technology which ensures cost reduction, a decrease in manual errors, and Click here to read entire article
Source:: Venture Burn