Provides a plug-and-play API that enables software companies to integrate and sell insurance products directly through their platforms, eliminating the need for complex API integrations. Buddy streamlines digital insurance distribution with customizable UI, fully managed compliance, and support for licensed carriers in all 50 states, improving conversion rates and reducing time-to-market for embedded insurance solutions.
Funding
$7.7M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
PA+1Founders
Product
Problem
Integrating insurance products into software platforms typically requires complex API integrations, leading to lengthy development cycles and increased time-to-market. Navigating the complexities of insurance compliance across different states further complicates the process.
Solution
Buddy provides a plug-and-play API solution that enables software companies to seamlessly integrate and offer insurance products directly within their platforms. The platform simplifies digital insurance distribution by offering a customizable UI, fully managed compliance, and support for licensed carriers across all 50 states and D.C. Buddy's Offer-Element can be implemented with a few lines of code, reducing integration friction and allowing developers to focus on their core product. The platform is designed to streamline the process of embedding and transacting insurance products, improving conversion rates and accelerating product onboarding.
Target Audience
Buddy targets software companies and insurance carriers looking to streamline digital insurance distribution and embed insurance products into their platforms.
Features
- Single API integration for access to multiple insurance products
- Customizable UI components rendered from the ION™ engine for seamless data collection
- Fully managed compliance with producer licenses in all 50 US states and D.C.
- Quick product onboarding, enabling ION™ compatibility within weeks
- Payment processor compatibility
- 99.99% uptime for reliable operations and data integrity
- SOC2 Type 2 compliance for data protection and security