Housing.com partners with Riskcovry

Real estate platform Housing.com is entering the insurance distribution business through a partnership with embedded insurance startup Riskcovry.

The companies will offer Rent Protect Cover, a critical illness/accident/medical expense policy designed to help renters make rent payments on time. The premium of the product will be embedded into the monthly rent payments workflow for customers of Housing.com.

“Our vision is to deliver trustworthy experiences for Housing’s consumers that they will cherish for a lifetime. The keyword here is trust. A big part of ‘why insurance’, is to seamlessly deliver solutions that bridge that trust gap, in this case between our property owner and tenant communities. Over the past few years we have diligently executed on our strategy that is focused on providing best in class consumer experience on our platform that will eventually make us the most preferred destination that offers full stack services in the residential real estate space, catering to the needs of home buyers / sellers / renters and allied service providers.” – Dhruv Agarwala, Group CEO, Housing.com, Proptiger.com and Makaan.com.

“This partnership symbolizes a 360-degree view of the role embedded finance can play and how insurance can be the differentiating experience for a company and its customers. Combined use-cases of payments + credit + insurance are converging to where we see fintech + insurtech as complementary spaces converging faster than ever before. With Housing.com’s one-stop approach, enabling insurance to their user communities adds immense value across their ecosystem. As a full-stack insurtech infrastructure platform, embedded insurance is our fastest-growing product category, driving nearly 70% of our volumes currently. We look forward to serving the group’s insurance distribution roadmap across products, insurers and consumer touch-points.” – Suvendu Prusty, Co-founder and Director, Riskcovry.