[ad_1]
Turtlefin, India’s leading insurtech platform, has announced a partnership with Compass Insurance Brokers LLC, one of the largest financial solutions providers in the UAE, to create a unified and seamless platform to enhance its distribution capabilities in the UAE market. Through this partnership, Turtlefin will enable Compass’ distribution teams to seamlessly access the information they need and customize recommendations for clients.
Turtlefin will provide access to its broad range of technology-driven solutions to increase efficiency and deliver cost-effective solutions. This will help reduce proposal creation time by more than 50% and increase sales productivity by 30%, while improving the customer experience.
Turtlefin will give Compass’ vast distribution network access to all retail insurance products on its platform. Additionally, Turtlefin is considering offering its digital prospecting and electronic skills training capabilities to support and empower its network of consultants. This will enhance Compass Advisors’ engagement with clients and provide them with the necessary tools to meet their clients’ insurance needs.
Speaking at the event, Amreesh Kher, Chief Partner Distribution Officer, Turtlefin said, “This partnership demonstrates our belief in the opportunities in the Middle East market and aims to transform the insurance distribution ecosystem. Leveraging our commitment to improving the distribution network and insurance ecosystem commitment, we believe our capabilities and interesting growth trajectory will further enable a future that will be beneficial to the entire community”
Regarding the partnership, Mr. Navin Nihalani, Chief Executive Officer of Compass Insurance Brokers LLC, said: “We at Compass have always believed in a technology-first approach in line with the UAE’s vision of creating a paperless digital environment. With Turtlefin’s expertise and the correctness of our existing modules Combined, we hope to strengthen our position as the pioneer of a common API framework in the UAE. We look forward to working with Turtlefin to capitalize on the opportunities offered by our new strategic partnership.”
Turtlefin’s platform provides advisors with end-to-end trading capabilities for a range of selected insurance products. It is also partnering with some of the leading financial institutions in India and the UAE to create a unified and seamless platform for the bank’s insurance clients. Turtlefin’s services fully meet the requirements of the new UAE regulations by equipping advisors with the right set of tools to help them guide clients to the most suitable insurance options. Its products fully address the new regulations by providing advisors with the right toolset to help them guide clients to the most appropriate insurance solutions.
Turtlefin is the enterprise product suite of Turtlemint, India’s leading InsurTech platform. Turtlemint aims to leverage Turtlefin’s comprehensive technology to bridge the current gap in traditional insurance. It is one of the pioneering technology platforms in insurance distribution for corporate clients.
As an innovation-first company, Turtlefin creates unique custom technology solutions that add tangible value to institutional clients and enable their sales teams to deliver insurance as a solution in an informed and seamless manner. Turtlefin supports financial advisors to individuals and large financial/non-financial sector organizations, providing them with a comprehensive technology platform to meet their clients’ end-to-end insurance service needs. Additionally, it enables e-commerce sites to seamlessly embed insurance as a product on their website. It uses plug-and-play APIs to integrate solutions, so customers do not need to create additional technical infrastructure. Turtlefin is currently working with major banks, insurance companies, brokers and commercial players in India and the Middle East.
Founded in 2015 by Dhirendra Mahyavanshi and Anand Prabhudesai, Turtlemint has created an extensive network of more than 250,000 digital partners and provided them with the right set of digital tools to enable them to offer policies to their customers. Turtlemint has raised nearly $190 million from major investors Jungle Ventures, Nexus Venture Partners, Amansa Capital, Sequoia Capital India, GGV Capital, Vitruvian Partners, Marshall Wace American Family Ventures, MassMutual Ventures, SIG and Blume Ventures, Dream Incubator and Trifecta capital increase.
Compass has the expertise and experience needed to assist with excellent planning to meet the needs of individuals and businesses. Our comprehensive service program offers a wide range of life, health and general insurance plans, which also includes initial and ongoing consultation, to create a sustainable and profitable stream of income for our clients.
[ad_2]
Source link
