Department Insurance coverage has introduced that it has introduced operations in Washington, D.C., Georgia, Massachusetts and Mississippi.
Department is an insurtech company that permits shoppers to in an instant package deal house and auto insurance coverage, saving its contributors a mean of $548 once a year. It permits shoppers to package deal house and auto fully on-line, enabling Department to embed its insurance coverage with loan corporations, auto lenders and residential safety corporations.
“Nationwide availability will permit Department to forge extra embedded partnerships and appoint new impartial businesses around the nation,” mentioned Steve Lekas, co-founder and CEO of Department. “We’re dedicated to providing Department’s seamless enjoy when and the place shoppers are buying groceries: on-line, after they get a house mortgage, or with their relied on agent.”
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Department has already inked a lot of embedded insurance coverage partnerships around the loan, auto and residential safety industries. The corporate additionally continues to extend its impartial company channel.
Increasing our neighborhood permits us to raised ship on our project of creating insurance coverage more cost effective so extra other people may also be insured,” Lekas mentioned. “We’re overjoyed with the intention to deliver such a lot of extra shoppers into the Department neighborhood and ship a unbroken enjoy and deep financial savings to our contributors.”
Department Insurance coverage just lately named Thommy Guerrero as its first leader monetary officer and appointed Joseph B. Anderson Jr. as an impartial director. In June of closing yr, it raised $147 million in Sequence C financing.
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