Modives Collaborates with Bindable to Add Embedded Insurance to Property Business Solution
In a groundbreaking move, Modives has announced a strategic partnership with Bindable, aimed at transforming the property insurance landscape and enhancing property management processes for owner-landlords, as highlighted in Fintech Global News. This collaborative effort signifies a bold step towards simplifying end-to-end procedures in property management while offering innovative insurance solutions. Frederick Waite, Modives CEO, and Bill Suneson, Bindable Co-Founder and CEO, expressed their enthusiasm for this transformative partnership.
The partnership between Modives and Bindable is driven by a shared vision of streamlining property management and insurance processes. Leveraging their respective strengths, the two companies aspire to set a new industry standard for property insurance, prioritizing convenience and efficiency for all stakeholders involved.
One of the central goals of this partnership is to revolutionize the property insurance market by allowing residents to access insurance coverage directly during the leasing process. This added convenience benefits tenants and simplifies the insurance verification process for property managers and landlord-owners, ultimately expediting business transactions while reducing associated risks.
Modives specializes in making insurance authentication and monitoring effortless during auto and property transactions, ultimately reducing time, costs, and risks for its partners. Their innovative, patent-pending technology enables real-time verification of active and adequate insurance, enhancing transparency and offering effective risk mitigation solutions. The company is preparing to launch «CheckMy Resident,» its property insurance authentication product, with pilot customers in November, followed by a pilot test for their auto insurance authentication product, «CheckMy Driver.»
Bindable, a pioneering force in the InsurTech industry, offers alternative distribution solutions that empower organizations to drive revenue and cultivate customer loyalty through digital insurance offerings. Their comprehensive platform encompasses an insurance marketplace, agent software, and a suite of support services, catering to the insurance strategies of companies, agencies, brokerages, and trusted brands alike.
Frederick Waite, Modives CEO, stated, «Through our partnership with Bindable, we’re setting a new bar for end-to-end process simplification for property managers and owner-landlords. Knowing whether your applicant or resident is actively and adequately insured through Modives authentication and monitoring is a great start. But with this partnership, Modives will offer embedded insurance options if their renters policy doesn’t meet your requirements.»
Bindable’s Co-Founder and CEO, Bill Suneson, shared his excitement, saying, «We’re really excited about the distinct value Bindable and Modives together can bring to the property insurance market through this partnership. Offering residents direct access to insurance coverage during the leasing process is a smart business move that truly benefits all parties. It not only adds an element of convenience for the residents but also simplifies the insurance verification aspect for property management and landlord-owners, hastening the speed in which they conduct business while also reducing their own risks.»