Are you interested in entering the property and casualty (P&C) insurance sales market but don’t want to deal with the high upfront costs of a physical location or one-off technology investments? Look no further than Bindable’s turnkey virtual agencies. Bindable, the InsurTech leader for alternative distribution technology and services, has tailored its core capabilities to offer a simplified solution for businesses and individuals looking to launch an independent P&C insurance agency.

According to Bindable’s own data, building a new insurance agency can cost up to 2.3x more when done from scratch. Bindable’s ready-made virtual agency solution allows for the rapid launch of an expertly-guided insurance program, providing the essential infrastructure and tools for accelerated success. By partnering with Bindable, entities can bypass common barriers to starting a new P&C agency and benefit from a flexible revenue source that drives customer acquisition, boosts retention, and creates a strong competitive advantage.

Launching a personal lines virtual insurance agency through Bindable includes access to:

1. A brand-aligned digital insurance program that enables users to quickly begin selling insurance without the high upfront costs of a physical location or one-off technology investments.
2. Essential agency tools including a digital front-end marketplace, telephone system, and a license to Policy Crusher®, Bindable’s customer relationship management tool, comparative rater, and cross-sell engine.
3. Competitive insurance products, including offerings from multiple auto and home insurance companies, as well as various digital options like renters, flood, pet, travel, RV, and umbrella insurance.

Additionally, organizations that require the expertise of Bindable’s nationally-licensed team of agents until they are prepared to operationalize their own agency sales have the option to leverage the same award-winning white-label services trusted by hundreds of affinity programs.

“The hard market conditions of the past couple of years have proven the value of offering curated choice to consumers through independent channels,” said Bill Suneson, co-founder and CEO of Bindable. “That, coupled with consumers' continued preference for buying insurance from trusted sources, has created clear entrepreneurial opportunities for those with captive audiences to take advantage of a diversified business model and unlock new streams of recurring revenue. We believe we have the exact tools and expertise needed to help others do so.”

Bindable’s proprietary Insurance-as-a-Service platform features expertly-designed branded marketplace templates, modern API-powered quoting experiences, complementary agency support services, and access to Policy Crusher®, its licensable customer relationship management tool, comparative rater, and cross-sell engine. Whether enhancing an existing distribution model or launching a virtual agency, top tier carriers, brokers, and brands leverage Bindable’s comprehensive digital tools and support services to streamline operations, improve customer engagement, and maximize revenue potential through alternative channels.

If you’re interested in learning more about Bindable’s virtual agency offering, visit bindable.com/contact or reach out to info@bindable.com.

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