Leading specialty insurer to support auto insurtech provider’s program
JACKSONVILLE, Fla. (December 5, 2017) – Fortegra Financial Corporation (“Fortegra”), a leading international specialty insurer and subsidiary of Tiptree Inc. (“Tiptree”), today announces its partnership with auto insurtech provider Clearcover. Fortegra will act as the issuing company and a risk participant.
"We are very impressed with the underwriting, distribution and service model that Clearcover has put together,” said Joe Alberti, Fortegra Vice President of Specialty Products & Programs. “We’ve reviewed several insurtech submissions over the years, and feel the Clearcover team has one of the best approaches in the market. We look forward to a successful program in a challenging auto environment.”
Through comprehensive auto programs, Fortegra provides partners such as Clearcover with advantages like access to “A” paper, transparent financial reporting, and strong reinsurance capabilities, as well as marketing, legal and compliance support.
“Partnering with Fortegra gives us the ability to sell and underwrite insurance, but more importantly, build a platform that delivers on our promise to our customers: offer the right coverage, in the moments that matter, for the lowest possible cost,” said Clearcover CEO Kyle Nakatsuji. “Fortegra’s forward-looking vision and support enables us to provide an exceptional insurance experience, from initial touchpoint, to claims, to renewal.“
Trean Reinsurance Services, LLC assisted in facilitating the agreement and the placement of reinsurance applicable to the Fortegra-Clearcover partnership.
For more information on Fortegra’s products and services, visit www.fortegra.com.
Fortegra Financial Corporation (a Tiptree Inc. company) and its subsidiaries comprise a single-source insurance services provider that offers a range of consumer protection options including warranty solutions, credit insurance, and specialty underwriting programs. Delivering multifaceted coverage with an unmatched service experience for domestic and international partners and their customers, Fortegra solves immediate, everyday needs, empowering consumers to worry less and Experience More.