SNAP Signs MGA Agreement with K&K Insurance to Better Serve Clients in Sports & Entertainment

Toronto, ON (Sept. 11, 2019) – SNAP Premium Finance Group, one of Canada’s largest payment solutions providers, has recently partnered with MGA K&K Insurance Canada to give clients in the sports and entertainment space an easier way to pay for their insurance policies. K&K Insurance Canada sought a partner who could provide creative billing solutions to clients in order to drive awareness and maximize retention rates across the country.

Helping Brokers, Carriers and MGAs get ahead

“We’re pleased to partner with K&K Insurance Canada to help them to give a better service to clients,” says Sumeet Sharma, Senior Vice President, SNAP Financial Group. “The benefits of offering direct billing solutions are two-fold; clients reap the rewards of having less of a financial burden placed upon them when paying for their policies and partners like K&K Insurance Canada can continue to provide a memorable experience to their valued customers again and again.”

SNAP, who were recently recognized as one of Canada’s top 50 FinTech companies^[1] by the Digital Insurance Institute, have developed custom applications, leveraged existing technologies and offered up easy-to-integrate API’s to assist partners in taking maximum advantage of their suite of payment solutions.

“Our mission has always been to help our partners offer payment solutions to their clients in ways that minimize changes to existing businesses processes and help radically improve their customers’ experience,” adds Sumeet.

Finding the perfect partner

“It’s estimated that Direct Bill Insurers often enjoy the benefits of a renewal rate of anywhere between 80% and 90%,” says Kevin Dannemann, Vice President & General Manager, K&K Insurance Canada. “It was on this basis that began the pursuit of finding the right partner to help grow our business in Canada.”

Notes

1. Digital Finance Institute: Canada’s Top 50 FinTech Companies (Jul 18, 2019).

About SNAP Premium Finance

SNAP has helped brokers, Carriers and MGAs across Canada grow by providing them with turnkey and custom financing programs to offer their customers. Our payment programs and market leading loan origination systems allow companies to be more competitive, increase revenues and reduce operating costs by seamlessly integrating payment solutions into their businesses. For more information about SNAP Premium Finance, visit snap4insurance.com.

About K&K Insurance Brokers Inc. Canada

K&K Insurance Canada’s goal is to provide quality, professional commercial insurance products and services to virtually every aspect of the markets they serve. They are considered the leading provider of specialty sport, leisure and entertainment insurance in the industry. K&K Insurance Canada is truly “Insuring the world’s fun®” by bringing essential insurance programs and risk solutions to sport, leisure and entertainment organizations worldwide. Whether it’s a small, one-day special event or a multi-million dollar organization, K&K Insurance Canada delivers the same care and professional insurance expertise to all of our clients. For more information, visit www.kandkcanada.com.

Source: SNAP Financial Group

Tags: partnership, SNAP Premium Finance Read the original article at Insurance-Canada.ca