The corporate’s e book was purchased for $5.5 million
Goosehead Insurance coverage has bought Vivint Sensible Dwelling’s insurance coverage e book of enterprise, which incorporates greater than 15,000 insurance coverage insurance policies, for $5.5 million in money.
The deal is a part of an earlier settlement between Goosehead, an unbiased private strains company, and Vivint, a wise dwelling tech firm.
“Shopper schooling and an distinctive shopper expertise are on the coronary heart of what we do at Goosehead,” mentioned Justin Ricketts, government vp, expertise and partnerships at Goosehead, on deal announcement.
“We want to lengthen our new purchasers a heat welcome to the Goosehead household and look ahead to giving them the perfect service and care within the trade.”
Former Vivint purchasers may even be capable of entry Goosehead’s digital agent platform for quotes. The Westlake, Texas-headquartered company represents over 150 insurers that present private and small industrial protection.
Goosehead and Vivint enter ‘strategic partnership’
In April, Insurance coverage Enterprise revealed that Vivint Sensible Dwelling had deserted its insurance coverage company following its sale to NRG Vitality. The corporate would as an alternative pursue its insurance coverage technique by a partnership mannequin, it confirmed.
“To be able to effectively scale, we’re transferring to a partnership mannequin to make the expertise extra extensively out there,” a Vivint spokesperson advised Insurance coverage Enterprise.
Earlier this month, Vivint and Goosehead introduced their strategic partnership, with the previous providing its sensible dwelling expertise merchandise to the latter’s insurance coverage purchasers.
Ricketts mentioned Goosehead plans to broaden its partnership with Vivint by joint choices by a wider alternative of carriers.
What do you consider this Goosehead’s Vivint deal? Share your ideas under.
Associated Tales
Sustain with the newest information and occasions
Be part of our mailing listing, it’s free!
