July 18, 2024

APOLLO and Rhapsody Property Management Services partner to offer Digital Insurance to Residents

APOLLO and Rhapsody Property Management Services partner to offer Digital Insurance to Residents
Customer using their phone to purchase coverage from APOLLO Insurance Image taken from APOLLO website

APOLLO Insurance, a Canadian digital insurance provider and leading innovator in the emerging embedded finance sector, has partnered with Rhapsody Property Management Services to provide instant digital insurance solutions specifically designed for tenants across Canada.

(Graphic: Business Wire)

APOLLO’s digital platform launched in 2019 and began serving Canadian consumers with fully digital insurance products. Since then, APOLLO has partnered with leading REITs, property management companies, proptechs, and other organizations to embed insurance products into their existing workflows. For property managers, the insurance purchase experience is embedded directly into the leasing and renewal workflows.

Jeff McCann, APOLLO Founder and CEO
Image taken from LinkedIn profile

“APOLLO and Rhapsody share the common goal of making it easier for residents to access tenant insurance,” said Jeff McCann, APOLLO Founder and CEO. “Rhapsody, works hard to provide their residents with an exceptional rental experience, and this partnership will only enhance that.”

Rhapsody has positioned itself as one of Canada’s top property management companies through its relentless pursuit of excellence. Recognizing the growing need for advanced property management in Canada, they offer a level of services that were previously unavailable in the rental market, always maintaining the highest standards of resident care. This new partnership with APOLLO will give Rhapsody’s property managers a complete one-stop solution, while also allowing them to offer their residents easy access to tenant insurance.

Melissa Parker, Rhapsody Senior Vice President
Image taken from LinkedIn profile

“Rhapsody is delighted to announce this new partnership with APOLLO, with their digital first and resident-centric approach,” said Melissa Parker, Rhapsody Senior Vice President. “Their innovative platform doesn’t just provide our residents with a convenient way to obtain insurance, it also reduces the administrative burden for our property managers, in continually tracking resident insurance compliance.”

Image taken from Rhapsody website

In 2022, APOLLO became the only Insurance provider in Canada to integrate with Yardi Systems to enable instant insurance transactions and automate compliance, with real time tracking and alerts for property managers. Earlier this year, APOLLO launched FinShore, a wholly owned buy now, pay later (BNPL) subsidiary, to provide a fully embedded monthly payment option to their customers.

Source

Interested to know about other companies and events in the insurance industry? Then please read:

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