Homelyfe launches B2B platform to enable digital innovation at start-up speed
In View Summary
HomeLyfe, a UK based insurtech, has launched a new digital insurance platform called Aventus which allows challenger and retail banks to integrate with any insurer to create a seamless buying experience. The aim is to make insurance simple and customer-centric by streamlining the quote process. By enabling banks to integrate seamlessly with trusted insurance brands through the Aventus platform, which results in an insurer-agnostic platform.
As an insurer-agnostic platform, Aventus connects the digital marketplace, empowering banks to integrate with any insurer and pass first-party data securely and compliantly. The platform leverages third-party data to augment question sets and ensure that banks can offer any insurance frictionless.
Found in 2015, Homelyfe’s mission is to make insurance simple and customer-centric by streamlining the quote process
Peter Goodman, CEO and co-founder, Homelyfe has said of the Aventus launch “ Just as Salesforce has created a platform that enables businesses to build and develop their business, the Aventus platform allows an old industry to innovate at start-up speed.”
Benefits to Customers:
Transparency and privacy
Easier claim settlements
Reduced time and costs
Benefits to the Insurer:
Improved claims processing and settlements
Reduced operational costs
The Digital Insurer's View
Today’s customers expect insurance to be seamlessly integrated into products and services on an on-demand basis. However, its difficult for legacy insurers to keep up with this demand mainly because of legacy systems. Though technology is available but for insurers to integrate them with their legacy systems becomes difficult adding to complexity and disconnect. This is where insurtechs like Homelyfe helps. Insurance companies can leverage Homelyfe’s Aventus platform to build innovative solutions for millennials.