Banca IFIS Launches Insurtech Platform

“One strategic partner, three insurance companies, six life moments, nine products. And it’s just the beginning.”

Meet Rendimax Insurance:

Think: Italy’s newly-launched digital insurtech platform created by Banca IFIS in collaboration with Yolo, a Milan-based on-demand digital insurance startup. Rendimax Insurance offers a mix of annual and short-term policies, which can be turned on and off in six categories – pet, bike, home, travel, city and sport. The company’s insurance partners include AXA, Chubb and Europ Assistance Italy.

“We are very proud of this partnership with Banca IFIS. The partnership allows us to provide our expertise in insurtech to achieve a fully digital insurance proposal, smart, flexible and instant. Along with Banca IFIS we make an important contribution towards a paradigm shift in the insurance industry, using an approach fully customer-centric.” – Co-Founder and CEO of Yolo Group, Gianluca de Cobelli.

“The direct relationship with the customer, completely disintermediate thanks to the adoption of technology, is part of the vision and DNA of Banca IFIS. We believe that the only way to sell services is to interact directly with customers, building a transparent bilateral dialogue that generates value for both parties. All our businesses are developed starting from this fundamental value: this approach is also based on insurance rendimax.” – CEO of Banca IFIS, Giovanni Bossi.

Founded in 1983, Banca IFIS is a specialty finance publicly traded company operating in the sectors of banking, trade receivables, acquiring/selling & managing portfolios of non-performing loans and tax receivables. It is also the Italian NPL market’s leader in the unsecured consumer credit segment.