Faura Partners with Loro Insurance to Deliver High Quality Products to the Specialty Market

Insurtech Faura announces a new and exciting partnership with Loro Insurance to create more efficient property underwriting in high-risk areas and bring specialty products to market faster.

Loro is a 100% no-code platform that allows MGAs and insurance carriers to quickly create, customize and deploy specialty insurance products without the upfront investment. The partnership marks the beginning of a long-time initiative to allow parties to better understand their survivability while investing in new and innovative products that serve the insurance industry.

“We are so incredibly excited to welcome Loro as one of our first integrations, moving forward in a time that needs quick and easily accessible products to address gaps in the market. We’re not only excelling in that but helping other companies work towards more competitive advantages in the long run!” says Valkyrie Holmes, CEO and Cofounder of Faura.

Faura helps insurers better understand the survivability of high-risk properties using proprietary resilience models that analyze individual structures and then pairs them with mitigation plans that help both underwriters and policyholders make more informed decisions about their risk. Faura creates a feedback loop for policyholders to qualify for more tailored insurance benefits while reducing insurer losses, generating more value with every policy.

Watch more of how the team aims to piece together specialty risks: