In the
News

Trellis adds homeowners insurance to Savvy, its industry-leading embedded insurance marketplace

 

Savvy becomes the first digital platform to deliver an end-to-end quote-to-bind experience within a partner’s app or website for homeowners insurance and home and auto bundles

SAN FRANCISCO, September 20, 2022 — Trellis, the company leading a fundamental shift in how businesses and consumers engage with insurance, today announced the launch of groundbreaking new capabilities for Savvy, its embedded insurance marketplace. In addition to simplifying the experience for auto insurance, Savvy has brought its industry-leading digital capabilities to homeowners insurance. With these new enhancements, Savvy can now recommend optimal coverage at the best price for monoline home insurance, as well as home and auto insurance combinations.

Trellis helps its partners integrate insurance as part of their suite of financial offerings by offering a fully embedded and white-labeled shopping experience. In December of 2021, Savvy became the first end-to-end API solution to enable consumers to instantly search for and purchase auto insurance within a partner’s app or website. Using just their insurance login, consumers can compare their existing policy to prospective alternatives in a transparent, side-by-side manner. Consumers also have the ability to purchase a different plan and cancel their old one, all on the same streamlined platform.

Savvy users now have three potential options when shopping for personal insurance: monoline auto, monoline home, or home plus auto bundles. In addition to finding bundled insurance from the same carrier, users can also take advantage of curated “agency bundles” – a key differentiator. With agency bundles, users can mix and match home and auto policies from different carriers to find the best value. On average, consumers have been saving over $700 per year on auto insurance alone using Savvy. Trellis expects that number to increase significantly for users taking advantage of the new bundled insurance experience. Trellis’ partners also stand to benefit as a result of stronger user conversion among homeowners and enhanced revenue generation due to higher customer lifetime value.

“Launching homeowners insurance is a game-changer because it enables us to create so much more value for the two-thirds of American households who own homes,” said Daniel Demetri, Trellis’ Founder and CEO. “For our partners, Savvy can deliver an even more holistic experience across their customers’ insurance needs. Furthermore, this launch greatly expands our universe of potential partners, including technology-driven companies in mortgage lending, home security, utilities, and many other home-related areas.”

 

About Trellis

Trellis provides best-in-class, secure digital solutions that help consumers get the most value from their insurance. The company makes it easier and safer for insurers and non-insurers to acquire and delight customers with streamlined, personalized experiences, offers, and services.  Savvy – Trellis’ end-to-end platform for finding, comparing, and purchasing personal insurance – is the industry’s first and only solution to enable partners to build an entirely native insurance experience. Trellis Connect is the new P&C pre-fill solution that accelerates digital customer acquisition. Investors in Trellis include QED Investors, General Catalyst, NYCA Partners, and Amex Ventures. For more information, visit https://trellisconnect.com/.

Recent articles
Elephant Insurance
September 7, 2022