BURLINGTON, Vt., March 7, 2022 /PRNewswire/ -- Polly (formerly
known as DealerPolicy), the leading insurance marketplace for
automotive retail, today announced a strategic partnership with
Assurant, Inc., (NYSE: AIZ) a leading global provider of lifestyle
and housing solutions that support, protect and connect major
consumer purchases, including automobiles. Through this
partnership, Polly's cost-saving personal insurance platform will
help Assurant provide best-in-class digital tools to its automotive
dealers.
The Polly platform (formerly known as the DealerPolicy platform)
is the latest addition to Assurant's suite of digital retailing
tools tailored to optimize car buying journeys for consumers while
effectively incorporating the sale of finance and insurance
(F&I) products. The partnership will be focused on driving
greater revenue, per vehicle retail (PVR) and F&I product
penetration for Assurant and its dealer partners.
"We're thrilled to be joining Assurant on their mission to help
dealers create strong omnichannel capabilities that will meet their
customers wherever they are in their car buying process," said
Wayne Pastore, President and COO of
Polly. "Polly is in the business of uncomplicating automotive
insurance. Bringing our platform to Assurant's suite of solutions
will create more seamless digital experiences that add real
tangible value for dealers and customers alike."
"We were drawn to Polly due to their sophistication in
automotive insurance, first-class technology and strong presence at
the point-of-sale," said Martin
Jenns, President of Assurant Global Automotive. "As the
leading F&I provider in the industry, we're focused on
providing our dealers with innovative, proven solutions that enable
their transition into digital retailing. The simple concept of
utilizing automotive insurance as a potential tool for ancillary
revenue, increased PVR, and product penetration will be a
meaningful opportunity for our dealer partners."
Polly's innovative digital insurance marketplace brings together
automotive insurance and car buying, providing a more holistic
end-to-end car shopping experience for consumers while also
converting customer buying power into profits for dealers. On
average, Polly Insurance customers who report savings, save
$64 per month on their automotive
insurance. These savings empower customers to reinvest in
additional F&I products offered by dealerships. Dealers in
Polly's network report an average back-end gross increase of 44
percent. Partnering with Assurant will allow Polly to further
incorporate personal insurance into the car buying process at over
3,000 dealers nationwide.
About Polly
Polly is the most trusted and complete
digital insurance marketplace for automotive retailers and their
valued customers. The company's innovative mobile technology
enables car-buyers to view multiple insurance quotes and
immediately purchase online and/or connect with licensed insurance
agents to complete the process. With an exclusive combination of
partnerships among premier automotive retailers and data providers,
an industry-best insurance carrier network, and access
to Polly licensed insurance agents, Polly is recognized for its
place at the forefront of Insurtech. Polly is a licensed insurance
agency with licenses to operate in the lower 48 states. For more
information, visit www.polly.co.
About Assurant Global Automotive
Assurant, Inc. (NYSE: AIZ) is a leading global solutions provider
in the automobile industry for manufacturers, large group and
independent dealers, agents, third-party administrators, financial
institutions, insurance providers, and vehicle technology
companies. Assurant Global Automotive helps drivers protect their
vehicles and avoid costly repair. With over 50 years of industry
experience, Assurant is trusted by and works with nine of the top
ten global automotive manufacturers serving over 50 million
consumers in 17 countries. Providing innovative solutions like
vehicle service contracts, performance management and
training, participation options, ancillary products, guaranteed
asset protection, and more, Assurant Global Automotive helps
clients grow and thrive.
About Assurant
Assurant, Inc. (NYSE: AIZ) is a leading
global provider of lifestyle and housing solutions that support,
protect and connect major consumer purchases. Anticipating the
evolving needs of consumers, Assurant partners with the world's
leading brands to develop innovative products and services and to
deliver an enhanced customer experience. A Fortune 300 company with
a presence in 21 countries, Assurant offers mobile device
solutions; extended service contracts; vehicle protection services;
renters insurance; lender-placed insurance products; and other
specialty products. The Assurant Foundation strengthens communities
by supporting charitable partners that help protect where people
live and can thrive, connect with local resources, inspire
inclusion and prepare leaders of the future.
Learn more at assurant.com or on Twitter @Assurant.
Media Contact:
Katie Morrow
802-316-4774
kmorrow@polly.co
Stacie Sherer
917-420-0980
stacie.sherer@assurant.com
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SOURCE Polly