Kanguro Insurance hops into renters' insurance market

Kanguro Insurance hops into renters’ insurance market | Insurance Business America

Technology

Kanguro Insurance hops into renters’ insurance market

Offering initially available in Texas

Technology

By
Terry Gangcuangco

Insurtech Kanguro Insurance is expanding beyond pet cover, announcing its foray into the renters’ insurance market.

Focusing initially on Texas, Kanguro is in active search of partnerships with insurance agencies and property managers while rolling out a technology-driven renters’ insurance product direct to consumers.

Lifting the lid on the expansion, Kanguro chief executive Andrés Mishaan said: “We recognize the need for accessible and affordable renters’ insurance. By leveraging our technology and customer-centric approach, we’re aiming to revolutionize the renters’ insurance market just as we did with pet insurance – easy to buy and easy to use.”

Features of Kanguro’s new offering include policy creation using artificial intelligence. What this means, according to the insurtech, is access to quick, personalized coverage options. Other benefits are cost-effective premiums designed to accommodate various budgets, and a streamlined claims process for prompt and efficient support.

Additionally, the proposition is fully bilingual in English and Spanish, tailored to ensure accessibility for the Latino community.

Kanguro president Nicholas Hanabergh had this to say about the expansion: “We are well-positioned to assist renters and property managers in Texas in safeguarding their personal property and being protected against unforeseen liabilities.”

For prospective partners, meanwhile, Kanguro outlined numerous advantages. Partners can diversify their portfolio, engage a booming segment with significant growth potential, and optimize operational efficiency through Kanguro’s platform, it said.

Partners can also benefit from Kanguro’s support with extensive training.

Known for integrating technology into its products, Kanguro originally made its mark in the pet insurance sector and now hopes to replicate its success in the renters’ insurance market, in line with aspirations to be a one-stop-shop insurtech.

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