Insurance Comparison Shopping Made More Efficient for Consumers and Agents Through Bindable’s New Integration with Canopy Connect
Bindable is leveraging Canopy Connect’s data intake platform to give consumers seamless access to data from their current home and auto policies when shopping for coverage via Bindable-powered insurance marketplaces
Boston, MA – Bindable, the InsurTech leader for alternative distribution technology and services, today announced an integration with Canopy Connect, the leading insurance verification technology provider. Now consumers shopping for insurance via Bindable-built marketplaces can access and choose to securely share their current insurance policy information, expediting the purchase journey.
“Increased insurance premiums have prompted more and more consumers to shop around for options that better fit their budgetary needs, making comparison shopping through marketplaces increasingly critical to attracting buyers,” said Rachel Presant, Bindable’s director of product management and operations. “Including Canopy Connect’s consumer-permissioned data sharing as part of our platform’s quoting process lets consumers and agents retrieve verified insurance information directly from insurance carriers in seconds, providing a faster, more accurate experience that creates a competitive advantage for our network of partners.”
Covering 96% of the auto insurance market and 91% of the homeowners insurance market, Canopy Connect can retrieve more than 250 data fields from more than 300 P&C insurance carriers through their API. This not only saves a consumer the hassle of having to dig up their existing insurance information when getting a quote, it also enables agents to seamlessly obtain verified coverages, premiums, limits, deductibles, and other essential details to provide better advice and allow for more meaningful interactions with clients.
“Embracing new technologies and growing ecosystem partnerships are essential to creating experiences that meet the needs of today’s consumers,” said Tolga Tezel, CEO and founder of Canopy Connect. “Bindable is one of the key industry players that understands this very well, making us proud to support them in implementing a solution that further prioritizes the needs of their customers, agents, and partners.”
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About Bindable
Bindable is simplifying insurance distribution by developing configurable, connected, and customer-centric digital experiences that holistically support the needs of insurance providers, trusted brands, and consumers.
Bindable’s proprietary Insurance-as-a-Service platform features: expertly designed branded marketplace templates; modern API-powered quoting experiences; complementary agency support services; and access to Policy Crusher®, its licensable customer relationship management tool, comparative rater, and cross-sell engine.
Whether enhancing an existing distribution model or launching a virtual agency, top-tier carriers, brokers, and brands leverage Bindable’s comprehensive digital tools and support services to streamline operations, improve customer engagement, and maximize revenue potential through alternative channels. To learn more, visit www.bindable.com and connect with Bindable on LinkedIn, Twitter, and Instagram.
About Canopy Connect, Inc.
Canopy Connect™ is the leader in insurance verification technology, giving businesses the ability to retrieve verified insurance information directly from insurance carriers in seconds and deliver data directly into other systems via API. Through its consumer consent-driven data sharing technology and secure cloud infrastructure, Canopy Connect’s solutions allow insurance agencies, carriers, lenders, auto dealers, insurance innovators, and other businesses to deliver delightful, intelligent, and frictionless insurance services. Learn more at https://www.usecanopy.com.
