Canadian fintech company Ratehub Inc. has launched a property/casualty (P/C) brokerage called RH Insurance.
Toronto-based Ratehub, which operates the financial product comparison site Ratehub.ca, said the launch brings the company one step closer towards achieving its goal of “being Canada’s go-to source for digital personal finance products across insurance, mortgages, credit cards, investing and banking products.”
RH Insurance will function similarly to any other P/C brokerage, offering customers the option to compare and purchase a variety of personal and commercial insurance products, such as auto, home, rental unit, motorcycle and recreational vehicles. It provides 24/7 online quote comparison and customer portal access, as well as personal sales and customer services via phone and email during business hours.
However, unlike traditional brokerages, RH Insurance is not a brick-and-mortar-based business.
The company said its comparison site, Ratehub.ca, will continue to aggregate leads for a variety of partners, including brokerages and direct insurers.
“Ratehub.ca started out as a rate comparison website, but now we’re obsessed with delivering more than just product comparisons. We want our customers to have the option to purchase products with us,” said Alyssa Furtado, co-CEO of Ratehub Inc. and co-founder of Ratehub.ca, in a statement.
“Our goal with RH Insurance is to make the insurance process easier for our users by combining the latest online technology with expert advice provided by our in-house insurance brokerage team,” said Morgan Roberts, director of Sales of RH Insurance. “Our team is eager to help our customers throughout their entire insurance journey and make sure they have the right level of coverage for the right price.”
“Our mortgage brokerage, CanWise Financial, has shown us the benefits of working with our customers throughout the entire sales process. We’re excited to do the same on the insurance side,” added Furtado.
Source: Ratehub Inc.
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