Insurtech Overalls Introduces First All-in-One Insurance Protection Portfolio
Overalls, which claims to be the world’s first personalized, all-in-one protection platform, is “shaking up” the way employee benefits are bundled by taking an innovative approach to insurance that “combines life, personal and insurance protection products. entirely new in algorithmically optimized protection products. and personalized wallets to celebrate life’s highs and protect life’s lows.
“Insurance today is confusing and disjointed,” said Jon cooper, CEO of Salopettes.
“Instead of spending hours researching the nuances of the industry or trusting a commission salesperson, consumers – through their employers – can use the coveralls to find protection that fits their lifestyle. and their financial goals in one place. “
Insurance is easier to buy than ever, however, voluntary benefits are largely “overshadowed by medical and retirement offerings,” according to a statement shared with Ci.
The data show that enrollment rates for supplementary benefits are “extremely low, typically ranging from 5% to 20%”. Overalls aims to address this imbalance by “creating a personalized and dynamic insurance model and partnering with employers across the country to deliver comprehensive benefits to the modern workforce,” the update explained. day.
Emily johnson, Product Manager at Overalls, said:
“We chose to work with employers because when it comes to innovation, additional benefits are often an afterthought. Through increased training, engagement and personalization, the suits can help employees improve their overall financial security, while enabling employers to provide benefits tailored to their employees’ needs.
The Overalls Algorithm integrates consumers’ important financial milestones and goals with “information about their personality and lifestyle, to create a personal portfolio of the best supplemental protection plans and supplemental products.
A unique offering from Overalls is the “Celebrate” program, “the industry’s first“ happy insurance ”extension designed to celebrate important life milestones, such as buying a home, getting engaged, birthing a new home. ‘a baby, etc. “
As stated in the ad, the coveralls are “a no-cost solution to employers, helping employees make the most of their voluntary benefits and designed to protect and celebrate the people and things that matter most to them.” . At launch, the suits will be “available directly from employers as an additional offering to their current benefit package,” the update confirmed.
As mentioned in the press release, Overalls is a digital insurance platform that “protects and celebrates humans at work building their dream lives”.
The all-in-one protection platform, Overalls is designed to “help consumers obtain and maintain a personalized insurance portfolio that will take them through all the twists and turns of life.” The overalls were created this year by Jon cooper and Emily Johnson at Rethinking health.
As noted in the update, Redesign Health is on a mission to rethink health – for everyone. His go-ahead approach creates businesses that create a better healthcare experience for everyone. “
Redesign Health integrates “a historically complex process of business ideation, development, financing and launching into a streamlined platform.” Its multidisciplinary experts work in tandem with the founders “to introduce transformational health solutions and develop a new foundation for health care”.