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Will create a powerful market advantage for the insurtech startup
As insurtech startup, Slice, prepares to launch their on-demand insurance, the announcement has been made that they are partnering with German-based reinsurance company, Munich Re. Munich Re will bring its global insurance knowledge to the table, with the two companies agreeing on a rollout program of products and locations for the on-demand insurance company.
Slice will continue to tweak the product and platform and deal with claims. Where Munich Re comes in is in automated underwriting rules, the rules that make the process flow more efficient, improves throughput, and in turn, gives policyholders better customer service and higher profits for the insurance company. This partnership comes just in time, as Slice prepares to launch their first service, on-demand insurance policies for Uber and Lyft drivers.
In a quote from Tim Attia, CEO at Slice, "We are thrilled and honored to have partnered with Munich Re. Not only is Munich Re’s A+ rating impressive, its progressive, digital strategy in the insurtech space is extremely appealing, and fits well with our goals and vision. As we launch and expand we will
rely on Munich Re’s global expertise to support our expansion."
Slice Labs was founded in 2015 and has received funding totalling $3.9 million. To find out more about them, check them out here.
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