Obsidian Insurance Holdings, Inc., a program fronting insurance holding company, has announced a new carrier partnership with Steadily, a Texas-based insurtech that specialises in landlord insurance.
The new program with Obsidian will offer insurance solutions that enable landlords to get rapid insurance quotes online.
The partnership hopes to remove points of friction in the customer journey on Steadily’s digital platform, by offering an automated experience for landlords and partners.
“As an innovative new insurtech brand, Steadily looks for partners who complement our digital approach and are engaged underwriters for high growth programs,” said Datha Santomieri, Co-Founder and Vice-President at Steadily.
“Obsidian is an exciting new fronting carrier in the industry, with proven expertise in standing up new programs with a tech-forward and innovative approach,” Santomieri continued.
“The program administrator capabilities offered through Obsidian complement our existing reinsurance partnerships, and will result in a faster digital rate, quote, bind experience and a more competitive value for the end consumer.”
“We are very pleased to partner with Steadily,” added William Jewett, CEO of Obsidian. “They are an innovative, creative, technologically driven enterprise led by very proven and highly capable industry executives.”
“Their track record of success combined with a unique approach to a large industry segment was recognized by leading reinsurers in the market. This is Obsidian’s third instance of partnering with an innovative partner to launch a niche insurtech product.”