Insurtech Bindable attracts investment from EPIC, strikes commercial deal
US-based insurance technology firm Bindable has attracted an investment from EPIC Holdings which operates EPIC Insurance Brokers & Consultants and has agreed on a commercial deal.
EPIC Holdings is the corporate parent overseeing investments across the entire EPIC platform, which includes the firm's retail insurance brokerage and consulting business programmes affinity, and MGA/MGU business, warranty and insurtech Initiatives.
The investment will support Bindable's platform development and growth initiatives, according to a corporate statement. In connection with the investment, Bindable and EPIC have entered into a commercial agreement where Bindable will provide a turnkey software solution to EPIC and its programme and affinity business that will enable EPIC to better engage its customers through technology, product diversification and market growth.
Headquartered in Boston, Bindable has built a multi-product digital platform for insurance distribution through ecosystem and affinity channels.
Bill Suneson, co-founder and CEO of Bindable, commented: "We've built our platform to transform the distribution of insurance through sponsored channels and we're pleased to partner with EPIC, Motive Partners and Wafra to not only support our vision but also provide the strategic capacity to help us drive that change. We seek to enable the insurance industry to better serve customers through preferred channels and this new capital will help us realize our vision "
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