HOUSTON, March 27, 2017 /PRNewswire/ -- BBVA Compass
Insurance Agency, an affiliate of BBVA Compass, has partnered with
Boise-based Covr Financial
Technologies, a digital personal insurance platform, to offer
insurance seekers direct control over the insurance-buying process
with turnkey access to quotes and product information from a
network of carriers.
As of Mar. 1, clients of BBVA
Compass and consumers have one-click access to personal insurance
products and resources through BBVA Compass Insurance Agency's
online portal powered by Covr. The do-it-yourself interface serves
as a digital solution designed to streamline and brighten the
overall experience for purchasing insurance.
BBVA Compass Insurance Agency Managing Director of Insurance
Analicia Geisen said that BBVA
Compass' partnership with Covr aligns with the bank's digital
transformation and underscores its effort to collaborate with
digital providers to create opportunities for people that give them
control over their financial future.
"We're dedicated to creating opportunities for individuals, and
this means putting them at the forefront of protecting the people
and things that are most important in their life – without
interference," said Geisen. "We've teamed with Covr to provide an
anytime, anywhere platform where they can receive on-demand
information and make their own insurance decisions with no hassle,
no downtime, no pressure and, most importantly, no middleman."
Covr aims to disrupt the insurance arena, receiving buy-in from
more than fifty of the nation's largest financial institutions,
including BBVA Compass. In its third year of simplifying the
insurance-buying experience, Covr's digital platform has positioned
itself as a technology-driven alternative for purchasing insurance
which answers to the call of clients who demand convenience and
"say" over their financial planning and decisions.
"BBVA Compass Insurance Agency's online portal powered by Covr
is a model for how insurance will be sold to everyone from
millennials on up, who want the ease and convenience of buying
insurance online," said Covr Founder and Vice Chairman Todd Ruplinger.
With the collaboration between BBVA Compass Insurance Agency and
Covr, personal insurance seekers can avoid scouring multiple
insurance websites, agencies or third-party entities to compare
quotes. BBVA Compass Insurance Agency brings a consolidated
insurance-buying experience right to the fingertips of consumers
through a desktop and mobile supported interface where they can
receive insurance information and quotes in minutes from nearly
twenty major insurers for products such as life, disability, home,
auto and pet insurance.
The insurance platform is backed by education programs, product
training and phone support from licensed Covr financial advisors,
enabling consumers to gain knowledge and weigh their options prior
to making an insurance purchase.
For more information on the BBVA Compass Insurance Agency, click
here.
About BBVA Group
BBVA Compass is a subsidiary of BBVA
Compass Bancshares Inc., a wholly owned subsidiary of BBVA (NYSE:
BBVA) (MAD: BBVA). BBVA is a customer-centric global financial
services group founded in 1857. The BBVA Group is the largest
financial institution in Spain and
Mexico, has leading franchises in
South America and the Sunbelt
region of the United States and is
also the leading shareholder in Garanti, Turkey's largest bank based on market
capitalization. Its diversified business is focused on high-growth
markets and it relies on technology as a key sustainable
competitive advantage. Corporate responsibility is at the core of
its business model. BBVA fosters financial education and inclusion,
and supports scientific research and culture. It operates with the
highest integrity, a long-term vision and applies best practices.
The Group is present in the main sustainability indexes. More
information about the BBVA Group can be found at bbva.com.
About BBVA Compass
BBVA Compass is a Sunbelt-based
financial institution that operates 674 branches, including 345 in
Texas, 89 in Alabama, 75 in Arizona, 62 in California, 45 in Florida, 38 in Colorado and 20 in New Mexico. BBVA Compass ranks among the top
25 largest U.S. commercial banks based on deposit market share and
ranks among the largest banks in Alabama (2nd), Texas (4th) and Arizona (4th). BBVA Compass was recently named
Best Digital Bank in North America
by global finance magazine Euromoney and the best regional bank in
the South & West and best mobile app in Money magazine's
2015-2016 list of the Best Banks in America. To learn more about
BBVA Compass, visit www.bbvacompass.com. For more BBVA Compass
news, visit newsroom.bbvacompass.com and follow
@BBVACompassNews.
About Covr Financial Technologies
As an agent of
change in a rapidly evolving industry, Covr is a technology driven
alternative that provides a simpler, faster way for people to
protect what matters most. Through partnerships with financial
institutions and their financial advisors, Covr's digital platform
provides a fast, user-friendly way to research, compare, shop for
and buy personal insurance from nearly twenty top providers, fully
online and within minutes. Offices: Boise, and New
York. For more information, see www.covrtech.com.
Editor's Note:
BBVA Compass is a trade name of Compass Bank. Insurance Products
are available through BBVA Compass Insurance Agency, Inc., an
affiliate of Compass Bank. Insurance Products are NOT deposits, are
NOT FDIC insured, are NOT bank guaranteed, are NOT insured by any
federal government agency and may LOSE value.
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SOURCE BBVA Compass