Ratehub Inc. has announced the launch of a property and casualty (P&C) insurance brokerage, called RH Insurance.
This launch furthers Ratehub’s goal of growing the largest financial product comparison website in Canada and being the go-to source for digital personal finance products across insurance, mortgages, credit cards, investing and banking products.
“Ratehub.ca started out as a rate comparison website, but now we’re obsessed with delivering more than just product comparisons. We want our customers to have the option to purchase products with us,” said Alyssa Furtado, co-CEO of Ratehub Inc. and co-founder of Ratehub.ca. “Our mortgage brokerage, CanWise Financial, has shown us the benefits of working with our customers throughout the entire sales process. We’re excited to do the same on the insurance side.”
RH Insurance will enable customers to navigate the entire process of obtaining insurance, from getting a quote to buying a policy. At its core, it will function similarly to any other P&C brokerage by giving customers the chance to compare and purchase various personal and commercial insurance products, such as auto, home, rental unit, motorcycle, and recreational vehicles.
It will not be a traditional brick and mortar brokerage, but rather will be fully tech-enabled, offering 24/7 online quote comparison and customer portal access, alongside personal sales and customer services via phone and email during business hours.
“Our goal with RH Insurance is to make the insurance process easier for our users by combining the latest online technology with expert advice provided by our in-house insurance brokerage team,” said Morgan Roberts, director of sales of RH Insurance. “Our team is eager to help our customers throughout their entire insurance journey and make sure they have the right level of coverage for the right price.”
The firm announced that Ratehub.ca will continue to aggregate leads for a variety of partners, both insurance brokerages and direct insurers.