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BBVA Compass Insurance Agency, Covr unveil one-stop digital insurance shop

Published 28 March 2017

BBVA Compass Insurance Agency and Boise-based Covr Financial Technologies have partnered to provide insurance buyers direct control over the insurance-buying process with access to quotes and product details from a network of carriers.

As of Mar. 1, clients of BBVA Compass and consumers have one-click access to personal insurance products and resources through BBVA Compass Insurance Agency's online portal powered by Covr. The do-it-yourself interface serves as a digital solution designed to streamline and brighten the overall experience for purchasing insurance.

BBVA Compass Insurance Agency Managing Director of Insurance Analicia Geisen said that BBVA Compass' partnership with Covr aligns with the bank's digital transformation and underscores its effort to collaborate with digital providers to create opportunities for people that give them control over their financial future.

Geisen said: "We're dedicated to creating opportunities for individuals, and this means putting them at the forefront of protecting the people and things that are most important in their life – without interference.

"We've teamed with Covr to provide an anytime, anywhere platform where they can receive on-demand information and make their own insurance decisions with no hassle, no downtime, no pressure and, most importantly, no middleman."

Covr aims to disrupt the insurance arena, receiving buy-in from more than fifty of the nation's largest financial institutions, including BBVA Compass.

In its third year of simplifying the insurance-buying experience, Covr's digital platform has positioned itself as a technology-driven alternative for purchasing insurance which answers to the call of clients who demand convenience and "say" over their financial planning and decisions.

"BBVA Compass Insurance Agency's online portal powered by Covr is a model for how insurance will be sold to everyone from millennials on up, who want the ease and convenience of buying insurance online," said Covr Founder and Vice Chairman Todd Ruplinger.

With the collaboration between BBVA Compass Insurance Agency and Covr, personal insurance seekers can avoid scouring multiple insurance websites, agencies or third-party entities to compare quotes.

BBVA Compass Insurance Agency brings a consolidated insurance-buying experience right to the fingertips of consumers through a desktop and mobile supported interface where they can receive insurance information and quotes in minutes from nearly twenty major insurers for products such as life, disability, home, auto and pet insurance.

The insurance platform is backed by education programs, product training and phone support from licensed Covr financial advisors, enabling consumers to gain knowledge and weigh their options prior to making an insurance purchase.



Source: Company Press Release