Jumpstart is thrilled to announce an agreement with Acrisure, the insurance industry’s fastest-growing broker, to distribute Jumpstart’s parametric earthquake insurance through its global network of Agency Partners.
According to Ken Walton, Acrisure’s Growth Leader, West Region, “We’re excited to offer Jumpstart because it fills a gap for many of our clients. Disaster insurance is top of mind after recent wildfires, and we’re in need of creative solutions like Jumpstart that are good for the client and good for the industry.”
“In times of crisis, everyone needs money for something they didn’t anticipate,” Walton continues, “and that’s a reality we’re all experiencing here and now due to the massive disruption caused by coronavirus. It will be just as chaotic after a big earthquake.”
Says Kate Stillwell, CEO of Jumpstart, “We couldn’t ask for a better partner than Acrisure. Its Agency Partners have a demonstrated commitment to bring clients the best offerings to meet their needs, including products that are new or unconventional like Jumpstart.”
Jumpstart is now available from any of Acrisure’s US-based Agency Partners for clients with a location in California. In California, the chance of a magnitude 6.7+ earthquake within the next 30 years exceeds 99%. Even so, only about 10 percent of California households have earthquake insurance, which is not required by residential mortgage lenders.
Jumpstart, the first parametric InsurTech company in the U.S. for earthquakes, provides customers with affordable, hassle-free coverage with an immediate payout initiated via text message. Parametric means payments are triggered upon occurrence of a pre-specified event or data measurement, i.e. a “parameter.”
Jumpstart policies are underwritten and effected by Lloyd’s, the world’s specialist insurance and reinsurance market. Lloyd’s has an A.M. Best rating of A (Excellent) for their financial strength.
Jumpstart is the first to provide parametric earthquake insurance for renters and homeowners in the U.S., in partnership with leading financial institutions.
Jumpstart Insurance Solutions, Inc. is a California Benefit Corporation and a licensed surplus lines insurance broker in California (#0K67793). Jumpstart complies with all state-mandated regulations for surplus line insurance. For more information, please visit www.jumpstartrecovery.com.
Acrisure is a leading insurance brokerage and provides a broad array of insurance-related solutions, including commercial property and casualty, personal lines and employee benefits. Acrisure is the world’s tenth largest insurance brokerage based on brokerage revenues generated in 2018. For more information, please visit www.acrisure.com.