PCF Insurance Services has teamed up with insurtech Insubuy to support its business expansion plans.
As per the terms of the agreement, it will be taking over a few operational aspects of Insubuy, which will allow the insurtech to focus on other aspects of its business and scale them.
Additionally, Insubuy’s partners Narendra Khatri and Jagruti Khatri will become owners and partners of PCF Insurance Services.
They will continue to lead all the business operations of Insubuy, which is focused on providing access to international health and travel insurance.
PCF Insurance Services noted that Narendra and Jagruti bring a collective industry experience of over 40 years.
The broker added that it will bring the added infrastructure and operational support to Insubuy through its shared services team.
PCF Insurance Services chairman, CEO, and founder Peter Foy said: “We are delighted to welcome Narendra and Jagruti Khatri into the PCF network, together with their support and partnership, we look forward to continuing the rapid expansion of PCF.
“The services that PCF offers, will help further propel agencies such as Insubuy into new territories of growth.”
Insubuy partner Narendra Khatri said: “PCF’s commitment to excellence and growth ensures us that we are now on the frontline of the industry, with the help of PCF we can continue to provide our team with the most reliable resources which are second to none.”
PCF Insurance services offers services in the lines of property & casualty, life and health, commercial, employee benefits, and workers’ compensation insurance products.