EMBEDDED INSURANCE
If you want to integrate your products with different products and platforms, our software infrastructure serving in the B2B2C model is ready for you.
What is the Embedded Insurance?
Embedded insurance in the InsurTech industry refers to the integration of insurance products or coverage directly into the offerings of other businesses, platforms, or services. It involves seamlessly incorporating insurance options intothe customer experience of a non-insurance product or service. This approach aims to make insurance more accessible, relevant, and convenient for customers by eliminating the need for them to separately seek out insurance coverage. Instead, insurance becomes an integral part of the overall transaction or interaction.In embedded insurance, the insurance coverage is offered as an additional feature or benefit, often at the point of sale, sign-up, or usage. This integration can occur in various industries and contexts, such as e-commerce, travel, fintech,automotive, health, and more.
Embedded Insurance Products
Personal Accident
Insurance
Travel
Insurance
Life
Insurance
Health
Insurance
Electronic Device
Insurance
W/B Goods
Insurance
Critical Illness
Insurance
Purchase Protection
Insurance
Personal Accident
Insurance
Travel
Insurance
Life
Insurance
Health
Insurance
Electronic Device
Insurance
W/B Goods
Insurance
Critical Illness
Insurance
Purchase Protection
Insurance
What are advanteges of Embedded Insurance?
Embedded insurance offers several advantages that can benefit both customers and businesses in various industries. Here are some of the key advantages of embedded insurance
Convenience
Embedded insurance eliminates the need for customers to separately seek out and purchase insurance. It's seamlessly integrated intothe customer's existing interactions or transactions, making the insurance purchasing process more convenient and time-saving.
Simplified Experience
Customers can manage both the core product or service and the associated insurance in one place, leading to a streamlinedand unified experience. This reduces the complexity of managing multiple providers and policies
Personalization
Embedded insurance can be tailored to individual customer needs and behaviors. This personalization can result in more relevant coverage and pricing, enhancing customer satisfaction.
Enhanced Customer Loyalty
By offering insurance as part of a broader package, businesses can create stronger customer relationships and loyalty. Customers are more likely to stick with a brand that provides comprehensive solutions
Increased Accessibility
Embedded insurance makes insurance products more accessible to a wider range of customers. It introduces insurance to individuals who might not have considered purchasing standalone policies.
Wider Market Reach
For insurance providers, embedded insurance allows them to tap into new markets and customer segments through partnerships with non-insurance businesses.
We use cookies to provide you with a better service. Cookies are used to personalize content and ads, provide social media features and analyze our traffic.
You can edit the cookies that are mandatory for the system to work with the "Accept" option or the settings with the "Cookie Settings" option.