Turtlefin, an insurtech platform in India announced its partnership with Compass Insurance Brokers LLC, one of the biggest financial solution providers in the UAE, to create a unified and seamless platform to enhance their distribution capabilities in UAE markets. Through this partnership, Turtlefin will enable Compass’s distribution teams to access the required information seamlessly and customize proposals for clients.
To increase efficiency and offer solutions at a reasonable price, Turtlefin will make available access to its broad range of technological solutions. This will contribute to a better client experience, a reduction in proposal creation time of more than 50%, and an increase in sales efficiency of 30%.
Turtlefin will help Compass’s vast distribution network to know all the retail insurance products on its platform.in addition to that the company is also looking to offer its capability of digital prospecting and E-skilling with a vision to support and empower its network of advisors. This will bolden the interaction between Compass Advisors and their customers and strengthen them with the tools required to meet the customer’s insurance demands.
Amreesh Kher, Chief Partnership Distribution Officer, Turtlefin said “This partnership exemplifies our belief in the opportunities in the Middle East markets with an aim to bring about transformation in the insurance distribution ecosystem. With our commitment to improve the distribution network and the insurance ecosystem, we are confident that our capabilities and interesting growth trajectory will further enable a future that will be beneficial for the entire community”
On the partnership, Mr Navin Nihalani, CEO of Compass Insurance Brokers LLC said “We at Compass always believe in a tech-first approach going along the UAE vision of creating paperless digital environment. With the right combination of expertise from Turtlefin and our existing module, we want to strengthen our position as the pioneers of a common API framework in the UAE. We look forward to working with Turtlefin to take advantage of the opportunities our new strategic partnership will offer.”
The company’s platform provides end-to-end transaction capabilities on a selected range of insurance products for advisors. It is also working with some leading financial institutions in the India and UAE, to create a unified and seamless platform for the bank’s insurance customers.
Turtlefin’s services fully satisfy the criteria of the new legislation in the UAE by giving advisers the right set of resources to help them guide clients toward the most suitable insurance alternatives. By equipping advisors with the proper set of tools that can assist them in directing customers toward the most suitable insurance solutions, its offerings effectively meet the requirements of the new legislation.