Credible, a digital lending marketplace, acquired Young Alfred, a digital insurance marketplace.
Credible provides consumers with personalized and prequalified rate options when shopping for student loans, personal loans and mortgages. This acquisition will now give Credible users the same experience when choosing their property/casualty insurance coverage.
Young Alfred’s proprietary technology analyzes thousands of underwriting requirements spanning more than 40 carriers in all 50 states to match consumers with products that suit their insurance needs. Like Credible, the platform allows customers to purchase or renew their insurance policies online without having to talk to an insurance agent.
Young Alfred’s insurance offerings include home, auto, renters, pet, rental home, flood, condo and mobile home. It has insured more than $6 billion in property since 2016.
Source: Credible
Topics Mergers & Acquisitions
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