Bindable is Leveraging Canopy Connect’s Data Intake Platform
BOSTON, March 4, 2025 /PRNewswire-PRWeb/ — Bindable, the InsurTech leader for alternative distribution technology and services, today announced an integration with Canopy Connect, the leading insurance verification technology provider. Now consumers shopping for insurance via Bindable-built marketplaces can access and choose to securely share their current insurance policy information, expediting the purchase journey.
“Increased insurance premiums have prompted more and more consumers to shop around for options that better fit their budgetary needs, making comparison shopping through marketplaces increasingly critical to attracting buyers,” said Rachel Presant, Bindable’s director of product management and operations. “Including Canopy Connect’s consumer-permissioned data sharing as part of our platform’s quoting process lets consumers and agents retrieve verified insurance information directly from insurance carriers in seconds, providing a faster, more accurate experience that creates a competitive advantage for our network of partners.”
Covering 96% of the auto insurance market and 91% of the homeowners insurance market, Canopy Connect can retrieve more than 250 data fields from more than 300 P&C insurance carriers through their API. This not only saves a consumer the hassle of having to dig up their existing insurance information when getting a quote, it also enables agents to seamlessly obtain verified coverages, premiums, limits, deductibles, and other essential details to provide better advice and allow for more meaningful interactions with clients.
“Embracing new technologies and growing ecosystem partnerships are essential to creating experiences that meet the needs of today’s consumers,” said Tolga Tezel, CEO and founder of Canopy Connect. “Bindable is one of the key industry players that understands this very well, making us proud to support them in implementing a solution that further prioritizes the needs of their customers, agents, and partners.”
