Mylo Named 2023 'Best InsurTech Company' in Third Consecutive FinTech Breakthrough Award
KANSAS CITY, Mo., March 23, 2023 (Newswire.com) - Insurtech leader Mylo has been named 2023 "Best InsurTech Company" in their third consecutive FinTech Breakthrough Award. Mylo won the same prestigious title in 2022 and was honored in 2021 with the InsurTech Innovation Award. FinTech Breakthrough is an independent market intelligence organization that recognizes the top companies, technologies and products in the global FinTech market today.
Mylo was selected from over 4,000 nominations around the globe for their breakthrough Mind of Mylo™ insurance intelligence platform. Mylo serves two customers: companies who want to embed insurance solutions into their customer experiences and their clients who are small business owners and individuals looking for an easy way to purchase insurance from a knowledgeable expert.
Unique in the industry, Mylo's turnkey platform brings together everything needed for an exceptional guided insurance shopping experience: patented recommendation technology, a one-stop shop for business, auto, home, life, health, group benefits and more, top-rated carriers and advisors licensed in all 50 states. This winning combination enables Mylo to deliver the most accurate, consistent and personalized guidance.
Because Mylo's cloud-based tech is configurable to work within various environments and integrate seamlessly with a wide variety of platforms, companies have multiple options for plugging insurance shopping into their experiences - from a no-code widget they can embed in less than five minutes to robust APIs that enable highly customized experiences. No matter which option they choose, Mylo prepopulates their client data, recommends ideal coverage for each risk, matches risks with top-rated carriers, quotes policies with the best coverage and price, predicts additional needs and recommends solutions.
"Companies who want to offer insurance to their customers face significant barriers to entry," said James Johnson, Managing Director, FinTech Breakthrough. "We selected Mylo because their turnkey solution addresses these barriers head on, positioning them as the partner of choice for a wide range of companies. Mylo's technology, startup speed and flexibility, as well as their immense experience in the insurance space sets them apart. Congratulations to Mylo, for the second year in a row, on being our pick for 'Best InsurTech Company.'"
The FinTech Breakthrough Awards is the premier awards program founded to recognize the FinTech innovators, leaders and visionaries from around the world in categories that include Digital Banking, Personal Finance, Lending, Payments, Investments, RegTech, InsurTech and many more. This year's industry evaluation was highly competitive and drew over 4,000 worldwide nominations.
"We're honored to receive our third consecutive award from FinTech Breakthrough," said David Embry, Mylo CEO. "'Best InsurTech Company' is a great recognition for the insurance intelligence technology we created to deliver better insurance outcomes for small business owners and individuals."
Mylo is an insurtech leader with an insurance intelligence platform that seamlessly integrates into partner experiences to connect business owners and individuals with top-rated insurance products from multiple carriers, including business, auto, home, small group benefits, life and individual health. Backed by Group 1001, the global investor with a powerful commitment to technology-driven insurance transformation, Mylo delivers personalized coverage recommendations and ideal solutions online or over the phone with licensed agents. Visit www.ChooseMylo.com
About FinTech Breakthrough
Part of Tech Breakthrough, a leading market intelligence and recognition platform for technology innovation and leadership around the globe, the FinTech Breakthrough Awards program honors excellence in Financial Technologies and Services companies and products. These awards provide public recognition for the achievements of FinTech companies and products in categories including Payments, Personal Finance, Wealth Management, Fraud Protection, Banking, Lending, RegTech, InsurTech and more. Visit FinTechBreakthrough.com.