TechAssure, the international nonprofit association of insurance and risk management experts for technology-related risks, announced earlier this month it has formed a new partnership with insurtech company Indio. The organization revealed that its members will gain access to Indio’s software, which is designed to improve the client experience by eliminating redundancies, streamlining applications, and improving client/carrier communications. While sharing details about the new partnership, TechAssure Executive Director, Garrett Droege, stated:
“Building on TechAssure’s mission to improving the business landscape for companies with technology-related risks, a partnership with Indio will allow TechAssure members to offer their clients a revolutionary new client experience. The insurance industry must innovate and partner with those companies that are seeking to modernize the industry. TechAssure members have always been at the forefront of innovation in the industry and we are pleased to partner with the next evolution of the insurance brokerage community.”
Founded in 2016, Indio is described as a technology platform creating digital tools for traditional commercial insurance brokers.
“We give insurance brokers the tools to turn a typically a complicated, antiquated process into one that is clean, digital, and delightful for their customers.”
The company secured more than $2 million in funding from venture capital firms and insurance industry companies.Co-Founder and CEO, Michael Furlong, added,
“Partnering with TechAssure is a natural fit for Indio. Being a national network of top-tier brokerages, they represent our ideal collaborators. We look forward to their input as thought-leaders and feedback from their client-base, which represents more than 5,000 technology industry clients.”
TechAssure has notably participated in a number of insurtech initiatives, including serving as an official partner of InsureTech Connect.