Sylvia Group and Surround Insurance Announce Agency Appointment
Sylvia Group and Surround Insurance are pleased to announce a distribution partnership to sell insurance starter packs designed for Millennial and Gen Z consumers.
Sylvia Group 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.
Maureen Armstrong, Managing Partner of Sylvia Group comments, “Since our founding in 1950, we’ve been known as a one-stop resource for objective advice and solutions. Younger consumers are taking different kinds of risk than prior generations, so traditional insurance products aren’t right for them. We believe Surround’s unique product offering will help us create opportunities to establish long-term relationships with this new generation of consumers.”
Jay Grayson, Surround’s CEO further states, “We’re excited to work with Sylvia Group, an agency with a 70 year track record of growth by demonstrating value to clients every single day. We believe independent agents and brokers play a vital role to help younger consumers navigate the complexity of risks they face in modern life. We are excited to work with Maureen and her team to offer an innovative product wrapped in the beautiful digital experience 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://sylviagroup.aleragroup.com/personal-insurance/starter-pack
About Sylvia Group: Sylvia Group uses a four-step process of analysis, planning, coordination and implementation to provide businesses and individuals with customized programs of performance-based insurance, employee benefits and financial planning. With seven decades of service to clients in Massachusetts, Rhode Island and beyond, Sylvia Group is renowned for its commitment to clients and community, as well as for its industry expertise. As an Alera Group company, Sylvia Group combines local service with national scope. Sylvia Group’s MA locations can be found in Dartmouth, Fitchburg, and Worcester.
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.