Covéa Insurance has announced a new partnership with embedded finance specialist Certua.
The start of the partnership is marked with the launch of the Covéa Insurance Tradespeople and Professional (TPI) product on the insurtech platform, Brisk.
To deliver this service, Certua has created a fully compliant integration of the Covéa TPI product, allowing Brisk to “embed it directly within their digital user experience for distribution to their SME and Micro SME clients”.
Covéa Insurance said this innovation in the commercial insurance digital space builds on its “commitment to enabling new digital SME propositions”- as it “widens market access to their pricing experience and expertise” and allows them to “iterate and manage the TPI product across multiple distribution partners simultaneously”.
Tom Williams, CEO, Certua said: “The ongoing impact of the pandemic has made it clear that opening new routes to market are immediately necessary in order to satisfy unprecedented demand for managing risk, both for SMEs and Consumers.
“As the market evolves in line with increasingly dynamic modern problems, successful partnerships must leverage respective strengths; and our partnership combines the capital base and underwriting expertise of Covéa with our technical capability and customer focused innovation.”
Tracey Smith, head of insurtech and Fintech, at Covéa added: “This is a great opportunity to work together with Certua to be able to provide SME trades insurance to customers through innovative distribution routes.
“Brisk’s risk management solution offers SME’s the opportunity to manage their risks and insurance is a key part of that ecosystem. We are looking forward to working with both Certua and Brisk to continue development in this space.”