TORONTO–(BUSINESS WIRE)–Walnut Insurance, a digital-first insurance platform and technology company, announced its latest partnership with Canadian fintech giant Neo Financial to support its recently launched subscription-based credit card rewards packages. The partnership connects Walnut to Neo’s customer base of over 1 million users through their API-powered built-in insurance offering integrated with Neo Card™ packages.
Neo’s new rewards packages give customers the flexibility to subscribe to specific insurance and reward plans based on their needs and lifestyle, such as travel, daily expenses, mobile protection and health and wellness. Across Neo’s various packages, Walnut’s platform powers their life insurance and mobile protection offerings, along with premium subscription memberships to Dashlane, Headspace and FitOn PRO.
“Neo Financial is a leading example of how we work with partners to create embedded insurance offerings that support consumers’ daily lives, make insurance more accessible to the underinsured and generate revenue for partners,” said Derek Szeto, co-founder and CEO of Valnøttforsikring. “Our focus has been to make insurance more accessible and more beneficial for people, and Neo’s Bundles do just that”.
“We are excited to partner with the Walnut team, bringing insurance into the digital age and creating greater access to protection for all Canadians,” said Andrew Chau, co-founder and CEO, Neo Financial. “Just as we’ve disrupted the financial industry, Walnut has done the same for insurance, and we’ve been impressed with how their infrastructure has been able to support us in expanding our product offering.”
Walnut helps retailers, financial services and consumer platforms embed insurance into their value proposition to meet consumer needs and add a meaningful source of revenue. In Canada, Walnut allows companies to set up branded portals for home, auto, renters and life insurance along with customized insurance plans that can be added to any consumer funnel or product. For more information on Walnut’s embedded insurance solutions, visit gowalnut.com/businesses.
About walnut
Founded in 2020, Walnut is a Canadian and US insurance engineering company that has built technology infrastructure to power embedded insurance for retailers, financial services and consumer platforms. Walnut’s platform makes insurance simple and convenient – creating greater accessibility for underserved audiences across life, home, renters, auto and embedded product lines. To learn more, visit www.gowalnut.com/businesses
