BNP Paribas Cardif and Lemonade Join Forces to Offer 100% Online Renters Insurance
February 14 2023 - 3:00AM
Business Wire
Home insurance is an essential pillar among the personal
protection solutions used by French consumers. To meet the
expectations of customers, in particular younger generations, BNP
Paribas Cardif is partnering with Lemonade to offer renters
insurance.
This B2C offer allows a simple and fluid client experience
thanks to a 100% online policy subscription and claims submission
process - all within seconds - on any device. Renters can buy an
insurance policy online at cardif.fr or lemonade.com/fr and through
the Lemonade app.
The insurance policy includes standard coverage such as damage
to personal belongings within the insured home (fire, break and
enter theft, windstorms, water damage, etc.) and personal liability
coverage (damage to the property rented, as well as injury or
damage caused to others). The insurance also includes special
coverages adapted to the French market and locals’ needs:
- Coverage limits can be adjusted according to policyholders’
needs, with a single deductible amount chosen by them to ensure
maximum transparency and simplicity.
- Coverage of personal items that have standalone value under
€5,000, and the possibility to select extra coverage for high
valuable items.
- 24/7 emergency assistance included.
- Worldwide coverage of property taken outside the home (for
travels lasting less than 3 months).
- Add-on coverage against theft or glass breakage available for
those who want extra protection.
This partnership comes within the framework of BNP Paribas
Cardif’s strategic plan, which aims to leverage technology in order
to enhance the customer experience, aligned with its core mission
of making insurance more accessible. BNP Paribas Cardif will also
be able to propose this fully-digital renters insurance to its
distribution partners, and Lemonade will benefit from the deep
experience of an insurer with a widely recognized brand that has
been operating in the French market for 50 years.
“We are delighted to announce this collaboration with Lemonade,
which is emblematic of our desire to continually innovate in
forward-facing partnerships. We share a real commitment to
combining the expertise of the two partners in order to facilitate
access to insurance via digital channels while delivering top
quality services for policyholders throughout the term of their
insurance cover,” says Fabrice Bagne, BNP Paribas Cardif Deputy
Chief Executive Officer, France and Luxembourg.
“As a well-developed insurance market with millions of
digitally-savvy renters, France continues to be an exciting
opportunity and focus for us since launching in 2020. A renowned
brand like BNP Paribas Cardif combined with Lemonade’s instant and
transparent approach to insurance brings the best of both worlds to
French residents looking for a seamless way to protect their
things,” says Daniel Schreiber, co-CEO and co-founder of
Lemonade.
Risks are covered by both BNP Paribas Cardif and Lemonade, who
act as co-insurers for this offer.
About BNP Paribas Cardif The world leader in
bancassurance partnerships1 and creditor insurance2, BNP Paribas
Cardif plays an essential role in the lives of its customers,
providing them with savings and protection solutions that let them
realize their goals while protecting themselves from unforeseen
events. As a committed insurer, BNP Paribas Cardif works to have a
positive impact on society and to make insurance more accessible.
In a world that has been deeply transformed by the emergence of new
uses and lifestyles, the company, a subsidiary of BNP Paribas, has
a unique business model anchored in partnerships. It co-creates
solutions with more than 500 partner distributors in a variety of
sectors (including banks and financial institutions, automotive
sector companies, retailers, telecommunications companies, energy
companies among others), as well as financial advisors and brokers
who market the products to their customers. With a presence in 33
countries and strong positions in three regions – Europe, Asia and
Latin America – BNP Paribas Cardif is a global specialist in
personal insurance and a major contributor to financing for the
real economy. With nearly 8,000 employees worldwide, BNP Paribas
Cardif had gross written premiums of €32.6 billion in 2021. Follow
the latest news about BNP Paribas Cardif on Twitter @bnpp_cardif.
1Source : Finaccord - 2018 2Source : Finaccord – 2021
About Lemonade Lemonade offers renters, homeowners, car,
pet, and life insurance. Powered by artificial intelligence and
social impact, Lemonade’s full stack insurance carriers in the US
and the EU replace bureaucracy with bots and machine learning,
aiming for zero paperwork and instant everything. A Certified B
Corp, Lemonade gives unused premiums to nonprofits selected by its
community, during its annual Giveback. Lemonade is currently
available in the United States, Germany, the Netherlands, France,
and the UK, and continues to expand globally.
Follow @lemonade_inc on Twitter for updates.
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BNP Paribas Cardif press Géraldine Duprey - 06 31 20 11
76 - geraldine.duprey@bnpparibas.com Amélie Rochette – 06 98 83 88
54 – amelie.rochette@bnpparibas.com Charlotte Pietropoli – 06 98 49
50 99 – charlotte.pietropoli@bnpparibas.com
Lemonade Press press@lemonade.com
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