Insurtech leader Mylo was honored with a 2021 Insurance Innovator award for Technology Innovation in the inaugural Insurance Innovators award program hosted by PropertyCasualty360, the leading online source of insurance news and resources for agents and brokers. This awards program was launched to celebrate change-makers who foster innovation across the industry.
Digital agency Mylo was honored for their proprietary cloud-based technology The Mind of Mylo™ that powers an embedded insurance platform enabling companies in multiple industries to give small business owners and individuals instant access to expert insurance solutions. This allows customers to shop for insurance while transacting other important needs.
The Mind of Mylo features many capabilities that include a coverage recommendation engine (draws on 50+ years of expertise to identify likely risks and ideal coverage), a carrier recommendation engine (matches needs to carriers who have appetite for them) and an intelligent quoting engine (narrows down multiple product options to the best value for each customer). Partners quickly have access to new capabilities and features.
PropertyCasualty360’s Insurance Innovators awards program selected winners from a pool of nominations for worldwide businesses and professionals taking steps to modernize and humanize today’s insurance industry. Whether a customer shops digitally or over the phone with a licensed advisor, they receive the same personalized guidance. Balancing machine intelligence and human intelligence, Mylo sets the standard for delivering high-efficiency digital experiences and high-value human consultations.
“We’re honored to receive the Insurance Innovators award for our embedded insurance platform,” said David Embry, Mylo CEO. “Mylo is dedicated to revolutionizing insurance, and we appreciate PropertyCasualty360’s advocacy and support for this important mission.”
Mylo has won six prestigious industry awards in 2021. These honors include an Agent for the Future Award as Digital Innovator from Liberty Mutual and Safeco, the InsurTech Innovation Award from FinTech Breakthrough, placement on the InsurTech100 by FinTech Global and recognition as InsurTech Innovator of the Year by Wealth & Finance International. In addition, Mylo was named one of America’s Best Startup Employers by global media brand Forbes.
Mylo is a digital insurance shopping platform that seamlessly integrates into partner experiences to connect business owners and individuals with top-rated insurance products from multiple carriers, including business, small group benefits, home, auto, life and individual health. Backed by the world’s largest independent broker Lockton and global investor Guggenheim Partners, Mylo draws on 50+ years of Lockton insurance expertise to offer expert insurance recommendations online or in person with licensed agents. For more information, go to ChooseMylo.com.
PropertyCasualty360 gives agents, brokers, insurers and claims professionals access to breaking insurance news, research and data, product info, compliance and legal updates, technology developments, industry trends, and more. The website combines the established knowledge resources and news reporting capabilities from the experts at NU Property & Casualty Group with proprietary market data and relevant content aggregated from across the Web. This results in digestible and shareable information that can be immediately put into real-life practice, helping P&C professionals guide their customers through all facets of the insurance, claims and risk management process. Learn more at PropertyCasualty360.com.