Integration aims to simplify home insurance for buyers
Pineapple Financial, a tech-focused mortgage brokerage, has partnered with Walnut Insurance to integrate property and casualty (P&C) insurance into its proprietary deal management system, PineappleONE.
The collaboration aims to streamline the homebuying process by offering insurance options directly within Pineapple's mortgage platform. Pineapple expects the partnership to simplify the insurance acquisition process for clients, particularly first-time homebuyers.
Additionally, the integration will allow Pineapple brokers to trigger automated insurance quotes for clients at specific stages of the mortgage process. This feature is designed to ensure clients are promptly informed about required insurance coverage, potentially reducing closing delays and coverage gaps.
"We are super excited about this opportunity with Walnut. Every Canadian must purchase insurance as part of the mortgage process," Pineapple Financial CEO Shubha Dasgupta said in a media release. “This offering makes it super simple for applicants to receive quotes and purchase insurance within our dashboard. We see this as a significant revenue stream going forward."
"This partnership marks a monumental advancement for our brokers and their clients," said Kendall Marin, president and COO of Pinapple. "The automated PineappleONE enhancement allows brokers to effortlessly shop for property insurance across multiple providers at the most crucial moments. It is particularly beneficial for first-time home buyers, reducing stress and simplifying the overall experience."
"We are thrilled to provide Pineapple and its brokers with an integrated home and auto insurance offering," said Derek Szeto, co-founder and CEO of Walnut. "Pineapple's clients can now protect their biggest investment – their home – in minutes with our new P&C insurance offering."
"Our integrated approach ensures clients are reminded to buy insurance that protects their assets and loved ones, promoting better risk management and reducing the likelihood of coverage gaps," Dasgupta added.
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