Gainbridge launches B2B insurance-as-a-service platform

By Delisha Fernandes

Gainbridge Insurance Agency, a Group 1001 company, announced the launch of its Business-to-Business (B2B) “insurance-as-a-service” platform targeting leading FinTech companies with turnkey, intuitive savings and retirement solutions for their consumers.

The company offers simple, commission-free annuity products with compelling returns through its digital-first user interface. With this new expansion, Gainbridge will offer white-labelled investment products to its business partners, providing industry-leading risk management, regulatory and compliance oversight, and product development infrastructure.

The new B2B platform will be an API-based, cloud-native platform designed with flexibility and ease of integration. Companies that partner with Gainbridge can expect seamless integration of applications to enable policy issuance, policy administration, and reporting tailored to their unique brand, user experience and design. This new development marks an exciting opportunity for consumer finance companies looking to launch innovative and diversified financial products.

SAVE started working with Gainbridge and sees the technology investment to streamline purchases of annuities offered on the Gainbridge platform as a differentiator in the insurance space.

“Our partnership with Gainbridge is changing how investments in annuities are made with a technology solution that allows us to process annuities paperlessly,” said Michael Nelskyla, CEO and Founder of SAVE. “We are fortunate to count Gainbridge as a trusted partner.”

“The world of consumer finance is growing increasingly fragmented as individuals demand direct access to products and services and greater control over how their finances get managed,” said Justin Wee, Chief Strategy Officer Life & Annuity, at Group 1001. “We are excited to help address the needs in the ‘save’, ‘invest’, and ‘protect’ legs of the consumer financial journey, and we want to empower companies by making it easier to offer these to their customers by bringing down the barriers to entry in the insurance world.”