The new service will be called Landbay Insurance. It will be delivered by insuretech company KASKO and provide a real-time quote and buy option for building, contents, tenant, and rent guarantee insurance.
The quotation engine will be integrated with Landbay’s online application portal, providing brokers and their customers with a seamless experience.
Nick Suehr, co-founder & CEO at KASKO, said: “We offer a middle layer between insurers and the digital world to make it easier for consumers to buy and for insurers to offer the right products. We are excited about working with Landbay and Legal & General to offer insurance at the point of demand.”
Gray Stern, co-founder and CCO at Landbay, said: “The tie up with Legal & General follows our recent agreement with a ‘Big 4’ firm to support Landbay Accounting and Tax Services. These new value-add services have been developed to enhance our specialist buy to let mortgage offering and help position us as an expert within UK buy to let.”
Paul Brett (pictured), managing director intermediaries at Landbay, added: “Landbay is committed to providing its intermediary partners with simple ways to add value and generate additional revenue from each opportunity. This new service will offer our brokers, and in turn their clients, a great deal on their insurance. Meanwhile we will leverage the latest insurtech innovations to generate quotes quickly and seamlessly, without the need for yet more paperwork when they apply for a Landbay mortgage.”