InsurTech start-up Homelyfe has teamed up with money management platform Yolt to offer integrated home insurance services via mobile app.
Under the new partnership, users of Yolt, a FinTech venture backed by ING Bank, will be able to source a home insurance quote in 60 seconds.
The platforms will make use of data sharing enabled by Open Banking to analyse spending habits across a number of accounts and come up with home insurance quotes on the basis of this profile.
Announcing the tie up, a spokeswoman for Homelyfe said it represented a further milestone for Open Banking, as it highlighted the value of a third-party provider integrating with a home insurance provider.
Homelyfe, founded in 2015, is a white label solution offering partners - including banks, retailers and insurance companies - to simplify insurance and make it more customer focused.
Peter Goodman, chief executive and co-founder of Homelyfe, said: “Homelyfe and Yolt have a shared mission to empower the mobile consumer, using technology to create an effortless customer experience. This partnership sets a new benchmark for customer-centricity in financial services in the digital age.”
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