Targeting a wide array of industries—such as credit unions, fintech firms, wealth management companies, and more—Bindable’s new virtual agency model allows businesses to enter the personal lines insurance market with ease, eliminating the complexities and costs associated with traditional agency setup.

Bindable’s virtual agency package includes a customisable digital platform that is fully branded for each partner, enabling immediate entry into the insurance market without substantial upfront investment in physical locations or technology. Essential agency tools, including a digital marketplace, telephonic support system, and Bindable’s proprietary Policy Crusher® for customer relationship management, comparative rating, and cross-selling, streamline the insurance sales process. Additionally, the platform offers a wide range of competitive insurance products, spanning home, auto, renters, flood, pet, travel, RV, and umbrella policies, ensuring ample choices to meet consumer needs.

Organisations that require interim support can also access Bindable’s experienced team of licensed agents, whose white-label services are trusted by numerous affinity programs nationwide. According to Bindable, starting an insurance agency independently can be more than twice as costly as launching through its virtual agency solution. This ready-to-use model provides not only the foundational infrastructure but also strategic guidance, helping companies break into the insurance market quickly and efficiently.

By partnering with Bindable, companies can bypass traditional startup hurdles, accelerate customer acquisition, and enhance their retention strategies, all while establishing a new revenue stream that offers a distinct competitive advantage.