Buckle, the all-encompassing tech-enabled financial services company, and Amwins Specialty Auto (Amwins), a non-standard auto insurance specialist with 25 years of experience, have signed a managing general agency (MGA) agreement. Amwins will underwrite Buckle’s non-standard auto (NSA) insurance policies in Florida, as well as Buckle’s gig auto insurance for rideshare and delivery drivers in the state, under the terms of the agreement. Buckle’s insurance carrier, Gateway Insurance, will be the admitted carrier for both products.
“Buckle’s mission is to bring every financial product that gig economy workers need into the capital markets on their behalf as a trusted agent,” said Marty Young, co-founder and CEO of Buckle. “We are thrilled to be partnering with Amwins to further this mission and strengthen our underwriting capacity to gig rideshare and delivery drivers throughout Florida.”
Amwins now has exclusive rights to the agency distribution of Buckle’s gig auto insurance across its regional footprint, thanks to a newly executed MGA agreement. Buckle/NSA Gateway’s product is now being issued on new business through Amwins’ extensive agency network, beginning in early December. Buckle’s gig auto insurance will be available in the first quarter of 22.
“We are thrilled to begin this collaboration with Buckle,” said Don Moser, President of Amwins Specialty Auto of Florida. “As the gig economy expands, we see the opportunity to bring our traditional NSA products, as well as Buckle’s gig auto insurance, to independent agents in Florida as a chance to provide a unique combination that allows our agents to better serve their customers.”
Buckle’s gig auto insurance for rideshare and delivery drivers underwrites policies using data from Transportation Network Company (TNC) platforms. Buckle bridges the gap created by traditional insurance policies that leave gig workers underinsured or with higher premiums by using rideshare and delivery data instead of credit scores.
Amwins is committed to the personal lines auto business, backed by the strength and stability of Amwins Group, Inc., the nation’s leading specialty insurance broker. Amwins provides a variety of programs with flexible terms and a variety of discounts to meet the needs of the insureds. Visit https://www.amwinsauto.com/ for more information.
About Buckle
Buckle is a comprehensive digital financial services company that serves the growing vital middle class as well as providers to the gig economy. Buckle, through the use of technologies and data sources, provides insurance and credit products to rideshare and delivery drivers who earn less than the average American wage and are thus penalized for having poor or no credit. Buckle gig auto insurance is the first to protect gig drivers with a single affordable policy that covers personal, rideshare, and delivery driving. Buckle, unlike traditional insurers, provides coverage for those driving for leading companies such as Uber, Lyft, Instacart, Amazon Flex, Uber Eats, Grubhub, Gopuff, Favor, and others. Buckle can be found on Facebook, Twitter, and LinkedIn. Go to www.buckleup.com.