Jun. 22, 2020Branch launches My Community Discount program in MissouriBranch announced it launched the My Community Discount program in Missouri, in addition to lowering auto rates statewide by approximately 20%. The program enables clients to save on their insurance premiums by inviting friends and family to quote with and join the Branch community. The My Community Discount program allows clients to invite friends to quote with Branch through a personalized link. When friends quote, both clients and friends receive Amazon gift cards and when a friend joins the Branch community, clients and their friends receive premium discounts up to 50% off their insurance. “Branch is built on the idea that insurance should be less expensive and the innovative My Community Discount allows Branch’s clients – its Community – to hang onto their hard earned dollars rather than spend it on premiums that support insurance company advertising,” said Cofounder and CEO Steve Lekas. “It’s another way Branch uses technology and community to help our clients save.”
Jun. 18, 2020Branch Launches Personal Lines Insurance Discount Program in MissouriColumbus, Ohio-based technology-based personal lines insurance provider, Branch, has launched its My Community Discount program in Missouri. Through the program, clients can “save on their insurance premiums by inviting friends and family to quote with and join the Branch community,” the company said. Branch sells home and auto insurance with an emphasis on bundling the two. On its website, Branch describes itself as an insurance agency “selling insurance on behalf of General Security National Insurance Company (GSNIC),” which is owned by SCOR reinsurance. In addition to home and auto, the company also sells renters insurance and umbrella insurance that “can be attached to an Auto policy.” “When friends quote, both clients and friends receive Amazon gift cards and when a friend joins the Branch community, clients and their friends receive premium discounts up to 50% off their insurance,” the company said in an announcement. Branch says through its community empowerment business model, it is able to give clients “the tools they need to continually lower their own prices, saving clients an average of $517 per year.” Branch is currently available in five states (Arizona, Illinois, Missouri, Ohio and Texas) with plans to expand nationally. Branch Insurance is underwritten by General Security National Insurance Co. (GSNIC), which is headquartered in Columbus, Ohio. In addition to offering personal lines of insurance, Branch operates SafetyNest, a non-profit aimed at assisting individuals in the states in which it operates that suffer damage for which they are underinsured. SafetyNest is funded by a portion of the premium payments of Branch customers. Branch was founded in 2018 by insurance veteran Steve Lekas and tech entrepreneur Joe Emison.
Apr. 14, 2020Branch’s Serverless First Architecture Approach Makes it Easy to Bundle Home and Auto CoverageWith Branch, 90% of the users that come to their site from Arizona, Ohio, Illinois, Texas, and Missouri—the states the company currently supports—are able to just enter in their name and address to get a bindable price for bundled home and auto insurance. No calling one agency just to get connected to another, and then ending up with an inflated price.
May. 7, 2020These cutting-edge insurance startups are giving back to communitiesBranch Branch, founded in 2017, offers auto, renters and homeowners insurance with a vision to “leverage the dual powers of technology and community.” “Branch’s mission is to make insurance less expensive, allowing more of us to be insured, which benefits everyone,” says Branch Co-founder and CEO, Steve Lekas. SafetyNest program Instead of putting your premiums toward a third-party nonprofit, Branch contributes a portion of premiums to its affiliate organization called SafetyNest, currently pending 501(c)(3) status. “If someone has suffered financial loss because of an incident where they didn’t have any or enough insurance, they may qualify for the SafetyNest program,” Charlie Wendland, Branch’s Head of Claims, explains. “Branch manufactures less expensive insurance and SafetyNest helps bring the uninsured into the insured community through grants and financial education,” says Lekas. “The more who are insured, the less each insured pays for insurance.” Policies are backed by an established insurer Branch does not underwrite its own policies, meaning that while you work with Branch for customer service-related needs, it works with another company that actually holds onto the risk, an underwriter. Branch works with General Security National Insurance, a company rated A+ in financial strength by AM Best. Branch doesn’t control the payments from the underwriter if you need to make a claim, but it will provide a representative to help you through the process.
May. 1, 2020Insurtech Branch Now Offering Auto, Homeowners Insurance in TexasBranch says it is shaking up the insurance industry providing a way to bundle home and auto insurance in as little as 30 seconds. Using technology and automation, Branch has re-engineered the experience to be quicker and more efficient, making it easier than ever for clients to save money. Where most traditional insurance companies require clients to fill out applications with hundreds of questions, Branch developed a way to bundle insurance with just two: name and address, the company said.
Apr. 20, 2020Insurtech Startup Branch to Aid Auto Insurance Clients with Community Giveback ProgramColumbus-based startup Branch announced they are giving back 15% of monthly insurance premiums to auto policyholders in response to the current health crisis. This compassionate initiative recognizes clients' reduced driving due to shelter in place orders in effect and works to ease the financial burden many are facing across the country.
Apr. 20, 2020Insurtech Startup to Aid Auto Insurance Clients with Giveback ProgramBranch, the insurance technology startup with services in Arizona, announced they are giving back 15% of monthly insurance premiums to auto policyholders in response to the current health crisis. This compassionate initiative recognizes clients’ reduced driving due to shelter in place orders in effect and works to ease the financial burden many are facing across the country.
Jan. 23, 2020Branch Launches in Missouri, Offering Home, Auto InsuranceColumbus, Ohio-based Branch has launched statewide in Missouri, offering home and auto insurance. Branch said using technology and automation it has developed a way to bundle home and auto insurance with just two questions, name and address. Now customers can bundle their insurance in as little as 30 seconds, according to the company.