Predict your next investment

Bindable company logo
INTERNET | Internet Software & Services / Accounting & Finance
bindable.com

See what CB Insights has to offer

Founded Year

2016

Stage

Loan | Alive

Total Raised

$680K

Last Raised

$680K | 1 yr ago

About Bindable

Bindable has built a multi-product digital platform for insurance distribution through ecosystem and affinity channels. Bindable's software enables customized partner distribution and rapid market expansion for brands.

Bindable Headquarter Location

241 A St

Boston, Massachusetts, 02210,

United States

Latest Bindable News

Recent Bindable Research Exposes Changes in Insurance Purchasing Preferences

Aug 3, 2021

Opportunities exist for insurers and alternative distribution channels across lines of business August 03, 2021 11:15 ET Bindable BOSTON, Aug. 03, 2021 (GLOBE NEWSWIRE) -- Bindable , the insurtech leader for alternative distribution, is pleased to announce the availability of an e-book derived from a new research report, “ 2021 Insurance Purchasing & Buying Trends: The Company We Keep ,” which explores consumer purchasing decisions and drivers, attitudes towards insurance companies, and purchasing preferences. Designed and conducted by Bindable in June 2021 with respondents in 48 out of 50 U.S. states, this research identifies trends in consumer preferences due in part to COVID-19, alternative distribution channel readiness, and the impact of digital options on overall competitiveness and customer experience. “Our research exposes the underlying drivers for purchasing or changing insurance coverages and sheds new light on what consumers want in the insurance buying experience today,” said Jocelyn Getson, chief growth officer of Bindable . “It’s clear that the insurance organizations who have continued to invest in product, service, and delivery innovation now have an enormous competitive advantage when it comes to meeting the ever evolving needs of consumers.” The report’s most significant findings indicate: 64 percent of Millennial and Gen Z survey respondents would switch insurers for greater convenience; 81 percent of survey respondents would switch insurers if offered an option to bundle coverages; 83 percent of Millennial respondents prefer purchasing insurance via an end-to-end digital experience, while 62 percent of those same respondents would even pay more for coverage with this kind of access; 54 percent of survey respondents would be willing to purchase insurance from a fully-digital, automation-only provider with absolutely no human interaction for sales or support; and 65 percent of survey respondents are willing to purchase insurance from a non-insurance brand “There is a clear and distinct preference for alternative distribution, meaning that people are willing to buy insurance from organizations such as banks, credit unions, employers, and special interest, affinity, or service groups,” said Jean-Marie Lovett, president of Bindable . “Bindable’s proprietary platform enables insurers, brokers, and leading brands to provide transparent, immediate digital access to coverage bundles that appeal to potential policyholders no matter where or how they prefer to buy.” For those providers looking to meet the changing purchasing preferences of today’s consumers, Bindable empowers alternative distribution channels by providing a digital marketplace, a full suite of agency services, and flexible, market-ready solutions that connect insurance providers, trusted brands, and consumers. Through Bindable’s product distribution platform , customers have access to diverse coverage through ancillary products, including home, rental, and pet insurance, to supplement existing auto insurance coverage plans. For access to the full report, download the e-book here . About Bindable Bindable is the insurance technology leader for alternative distribution. Its proprietary platform brings together software, a digital wholesale marketplace, and a full suite of support services to offer flexible, market-ready solutions that connect insurance providers, trusted brands, and consumers. The company is headquartered in Boston, Massachusetts. To learn more about Bindable, please visit www.bindable.com and connect on LinkedIn , Twitter , and Instagram . Jennifer Overhulse

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Expert Collections containing Bindable

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Bindable is included in 2 Expert Collections, including Fintech.

F

Fintech

7,109 items

US-based companies

I

InsurTech

1,635 items

Companies and startups that use of technology to improve core and ancillary insurance operations. Companies in this collection are creating new product architectures, improving underwriting models, accelerating claims and creating a better customer experience

Bindable Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
CBI Logo

Bindable Rank

CB Insights uses Cookies

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.