Yolo expands to offer life insurance
Milan-based YOLO has partnered with MetLife to offer customers life insurance. Policy duration ranges from 5 to 30 years and you have to be between 18 and 75 years old to qualify. Coverage limits range from €50k to €500m.
“Entry into the Life segment marks an important step in the evolution of the insurtech offer. It will be a first test to understand the orientation of the digital consumer towards a category of products usually placed through physical channels. In this sense, the partnership with MetLife is strategic, a company of international level, specialized in the branch, which knows the Italian market well, thanks to a consolidated presence in our country.” – Gianluca De Cobelli, Co-Founder and CEO of Yolo.
“The partnership with Yolo is in line with our strategic objectives which have as their cornerstones the growth of our market share in protection through multichannel. In particular, the agreement contributes to strengthening the presence of digital channels and the attractiveness of the MetLife offer for the millennial segment, with which Yolo is very close. We consider the opportunity to integrate the on demand approach with long-term living standards such as temporary death cases, characterized by features in line with the needs of this target such as online availability, as an opportunity. the possibility of customization, without giving up transparency and convenience.” – Maurizio Taglietti, General Manager of MetLife, Italy.
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