Nimbla Joins Munich Re Digital Partners
London-based Nimbla is announcing its collaboration with Munich Re Digital Partners , the reinsurer’s global venture arm designed to partner with “digital disruptors” who are changing the way insurance is experienced by customers.
The startup was established in 2016 to make sure SMEs get paid. It offers several services such as credit reports, cashflow forecasting, and invoice insurance.
The startup’s invoice insurance is an on demand ‘pay as you trade’ trade credit coverage that offers policyholders the flexibility of deciding whether they wish to cover a single invoice or their whole book. Coverage is underwritten by Great Lakes Insurance.
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Through Embroker Access, brokers are able to offer all of Embroker’s digital insurance products to their customer base, allowing them to benefit from coverage, instant quotes, and average premium savings of more than 25%. With the integrated management portal, brokers can maintain an overview of all their clients and their coverages, easily track, renew, or change their policies, and manage payments digitally.