Progressive has introduced new capabilities that allow consumers to receive binding insurance quotes on their smartphones. The Mayfield Village, Ohio-based insurer went live today with a new function in its consumer portal iPhone app that allows users to upload mobile phone pictures of their driver’s licenses, current insurance cards and/or vehicle VINs to generate binding insurance quotes.
The capability was developed in partnership with San Diego-based Mitek Systems, which has worked with other financial services companies on mobile image capture initiatives such as JP Morgan Chase’s mobile check deposit offering. Once consumers receive their quotes, they can complete the transaction via Progressive’s online sales tool.
“We started working with Mitek because they were a recognized leader in the mobile check deposit area,” says Matt Lehman, Progressive’s mobile leader. “They had the back-end technology, and we’ve thought about how we can apply it in the insurance space and help our customers.”