Vancouver, BC (May 26, 2021) – Apollo Insurance Solutions Ltd. (“Apollo”), Canada’s leading online insurance provider, has partnered with certain underwriters at Lloyd’s of London to offer both a Building Maintenance and Renovation Contractors package, as well as a Car Detailing and Accessories Installation package to brokers and their clients, available to purchase digitally through the Apollo Exchange.
These package products offer limits of up to $5 million with tool and equipment floater up to $20K in addition to an installation floater up to $20K.
Brokers receive a 20% commission on this product. As with many products listed on the Exchange, brokers are also able to offer a monthly payment option to their clients.
“These package products offer our broker users access to coverages that serve a wide variety of classes of business, and we’re excited to offer it through our partners at Lloyd’s of London,” said Marco Andolfatto, Apollo’s Chief Underwriting Officer. “These are the first of many new commercial and personal lines products from our Lloyd’s partners that brokers will be able to access on the Exchange this year.”
As with every Apollo Exchange product, the entire process, from quoting, binding coverage, and issuing policy documents is immediate, online, and paper-free.
- Learn more about Apollo in the InsurTech Spotlight.
For more information, please contact:
David Dyck, Head of Marketing and PR
(778) 917-9667
[email protected]
About Apollo Exchange
Apollo is Canada’s leading online insurance provider. Our proprietary platform, the Apollo Exchange, allows insurance agents and their customers to purchase their policy immediately, from anywhere, on any device, 24/7. Unlike traditional paper-based processes, Apollo leverages extensive data and sophisticated algorithms to quote, collect payment, and issue policies for thousands of types of small businesses and individuals without human intervention. Through traditional agents and embedded finance partnerships, Apollo is redefining the distribution of insurance. For more information, visit apollocover.com.
Availability of the Apollo Exchange and the products described herein are subject to applicable eligibility requirements, including jurisdiction, and other terms and conditions. Descriptions of the Apollo Exchange and such products contained herein are qualified in their entirety by such requirements, terms, and conditions. All rights reserved.
About Lloyd’s
Lloyd’s is the world’s leading insurance and reinsurance marketplace. Through the collective intelligence and risk-sharing expertise of the market’s underwriters and brokers, Lloyd’s helps to create a braver world. The Lloyd’s market provides the leadership and insight to anticipate and understand risk, and the knowledge to develop relevant, new and innovative forms of insurance for customers globally. It offers the efficiencies of shared resources and services in a marketplace that covers and shares risks from more than 200 territories, in any industry, at any scale. And it promises a trusted, enduring partnership built on the confidence that Lloyd’s protects what matters most: helping people, businesses and communities to recover in times of need. The Future at Lloyd’s sets out our strategy to build the most advanced insurance marketplace in the world. For more information, visit www.lloyds.com.
Source: Apollo Insurance Solutions Ltd.
Tags: Apollo, Lloyd's
