Murphy Insurance and Surround Insurance Announce Agency Appointment
Murphy Insurance and Surround Insurance are pleased to announce a distribution partnership to sell insurance starter packs designed for Millennial and Gen Z consumers.
Murphy Insurance has selected Surround Insurance to offer its innovative insurance product that fills the gap for consumers between college graduation and a first major purchase like a car or home. The Surround Insurance Starter Pack covers common risks faced by asset-lite consumers in their 20s and 30s. The first product includes coverage for driving rented or borrowed cars, biking, renting an apartment, and freelancing for 1099 income.
Dennis Murphy III of Murphy Insurance comments, “We’ve always been about understanding our customers’ lives to build a comprehensive insurance plan. Modern life has changed for younger consumers, and we’re increasingly seeing lifestyles not easily covered by traditional insurance products. We believe Surround’s new offering will help us access the next generation of customers to begin a long-term relationship with them.”
Jay Grayson, Surround’s CEO, further noted, “We’re excited to work with Murphy Insurance, one of the largest family-owned, independent agencies in Massachusetts. We believe independent agents play a vital role in helping younger consumers navigate the complexity of risks they face in modern life. We are excited to provide Murphy with an innovative insurance product wrapped in the digital experience that consumers expect.”
Surround Starter Packs represent a new category of lifestyle-based insurance. The coverages are matched to the types of activities that today’s consumers are doing and offered in a fast, simple, and accessible subscription-like product. In return, consumers save time, hassle, and money versus the competition.
More information about the offering can be found at https://www.dfmurphy.com/personal-insurance/Special-Insurance.aspx
About Murphy Insurance: Murphy Insurance has been serving customers for over 80 years, handling all types of personal, business and financial insurance. Murphy’s “whole life” approach assists customers in building a comprehensive insurance plan rather than simply selling a policy. Murphy insurance also works with over 25 insurance carriers and has access to over 100 more, allowing Murphy to offer unparalleled choice to its customers. Murphy locations can be found across Massachusetts in Bolton, Groton, Harvard, Hudson, Marlborough, Medway, and Mendon.
About Surround Insurance: Surround Insurance is the first insurtech startup redesigning insurance products for modern lifestyles. The Company’s initial product is an insurance starter pack that fills the gap between college graduation and the first major purchase of a car or home. Surround distributes products exclusively through a network of independent agents. Surround Insurance is a managing general insurance agency based in Cambridge, MA.
