Flowcode Partners with REIN to Bring AI to the Insurance Industry
August 27 2024 - 8:00AM
Business Wire
Flowcode and REIN are partnering to streamline and modernize
insurance for Fortune 1000 brands and leading carriers, combining
QR data platforms with embedded insurance technology.
Flowcode, a marketing technology platform, has partnered with
embedded insurance technology company REIN to streamline insurance
purchases by making it easier to secure a quote and find coverage
wherever and whenever customers are in need. The innovative
partnership brings the new Flowcode 2 QR platform capabilities to
REIN’s IX embedded insurance platform to drive seamless customer
acquisition in online and offline experiences.
"Eighty percent of the economy is transacted offline. Brands
need and want to make it easy for consumers to turn any physical
experience into an easy and convenient online transaction,” said
Tim Armstrong, CEO, Flowcode. “This partnership takes all the
friction out of the complicated insurance industry so that
consumers can secure insurance coverage almost immediately no
matter where they are or what they need. The partnership is great
for consumers and brands, as well as insurers who haven’t had the
tools or data to connect the offline and online.”
REIN works with insurance companies to distribute insurance
products through a network of partners. Flowcode 2’s technology
gives brands and insurance carriers a seamless way to create
experiences for their target customers and access REIN’s tools
through its patented QR code and lead gen solutions. The
partnership gives insurance providers access to new embedded
distribution channels for their products and real-time information
on the behaviors of potential customers. Adjacent brands can offer
insurance products and services that provide more value to their
customers while opening new revenue streams safely and efficiently
in the highly-regulated insurance industry.
This partnership provides intelligent data that automates and
simplifies the customer acquisition process by securely using
first-party data, streamlining the overall quote-to-purchase
process, and mitigating risk and loss by improving the
qualification of target customers.
Insurance is one of the most heavily regulated industries,
making it complicated to develop new, innovative technologies. Both
REIN and Flowcode were founded to modernize legacy industries with
secure technology that reduces complexities and improves the
overall experience for businesses and consumers.
For example, Ryder, a national leader in logistics and
commercial trucks, has partnered with REIN and Flowcode to utilize
QR codes connected to the REIN IX platform in order to embed
various financial services products for offline dealerships and
online properties.
“Partnering with Flowcode strengthens our embedded insurance
network, which connects brands and their customers with premium
insurance products in both online and offline environments,” said
Jason Griswold, REIN CEO & co-founder. “This partnership allows
us to unlock expansive acquisition opportunities for insurance
providers and provides brands with customized solutions to
determine when, where, and how to best offer their consumers
coverage for the products they need.”
“With REIN’s extensive experience in the insurance industry and
Flowcode’s enterprise-grade data security, we’ve been able to
seamlessly bridge our consumer experience with REIN’s expertise in
insurance technology,” said Flowcode CTO Mike Hamrah.
About REIN
REIN is an embedded insurance company that leverages proprietary
IX technology and a robust network of carrier, brand, and media
partners to seamlessly integrate insurance offerings into every
critical point in the customer journey. REIN’s mission is simple:
to connect consumers with trusted insurance coverage exactly when,
where, and how they need it most. REIN is backed by core investors
including Liberty Mutual, Delaware Life, and Sandbox Ventures.
For more information about REIN, please visit REIN.ai
About Flowcode
Founded in 2020 by Tim Armstrong, the former CEO and President
of Google Americas, Flowcode's technology platform was developed in
collaboration with leading brands across media, sports, retail,
real estate, and tech. These enterprise brands use Flowcode’s tools
to control their conversion funnels, map customer interests, and
unlock custom experiences to build high-intent consumer-brand
relationships. With over 711 million all-time engagements, Flowcode
has become the go-to partner for connecting brands with their fans,
trusted by over 60% of the Fortune 500. Headquartered in New York
City, Flowcode has over 100 employees and is backed by investors
including SV Angel and Allen & Co.
For more information about Flowcode or to request a demo of
Flowcode 2, please visit Flowcode.com
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version on businesswire.com: https://www.businesswire.com/news/home/20240827530348/en/
Nina Berezin, Flowcode, nina@flowcode.com Lexi Giannandrea,
REIN, lexi@rein.ai