(Bloomberg) --PayPal Holdings Inc. formed a partnership with Aon Plc to offer its small-business customers the ability to shop for and manage their insurance policies using the company’s digital-commerce platform.
The collaboration between the San Jose, California-based payments firm and the Dublin-based insurance broker will integrate Aon’s CoverWallet small-business insurance product into PayPal’s digital offering, the companies said in a statement Monday.
Insurance brokers have been taking steps to expand their reach online. In March, Hub International Ltd. partnered with Bold Penguin Inc. to
“We’re going to be able to provide a digital and delightful experience to all of the merchants that work with PayPal,” Roberto Pinto, Aon’s president of digital-client solutions, said in an interview. The company has about 34 million merchants on its platform, the majority of which are small businesses.
The partnership will also give PayPal’s small-business clients insight into average insurance costs and access to guidance from Aon’s licensed insurance advisers.
