TruStage™: Enhancing Lending Experiences with Embedded Insurance

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20 March 2024

Winner of the 2024 Celent Model Insurer Award for Innovation Execution


TruStageTM is the recipient of the 2024 Model Insurer Award for Innovation Execution from Celent. TruStage is recognized for its innovative approach in enhancing lending experiences through embedded insurance.

TruStage's successful implementation of Payment Guard Insurance which is the first lending embedded insurance solution designed to provide coverage for a fully digital lending event. Payment Guard is designed to be a component of the loan event, adding an extra layer of protection for both borrowers and lenders. Long-term, Payment Guard may help to improve financial equity and inclusion by influencing lenders’ underwriting models to change by lowering borrowers’ credit risk.

We explore the key features and benefits of TruStage's payment guard offering, including streamlined application processes, personalized coverage options, and simplified claims procedures. Additionally, we discuss the positive impact on customer satisfaction, risk management, and revenue generation for lending institutions.