Insurance Supermarket International Canada’s Post

Projected to grow more than six times larger by 2030 to $722BN in GWP, embedded insurance is greatly revolutionising the insurance industry. Embedded insurance is tapping into the wider embedded finance trend and all for good reason. Promising to meet customer needs and demands, embedded insurance is a direct integration of insurance offerings with consumer products that offer seamless transactions and enhanced convenience. With embedded insurance, businesses can integrate insurance offerings into their infrastructure, products, and online services via third-party platforms and APIs. Business owners – whether bank, retailer, or online marketplace – can improve their customer value proposition and scale up their businesses with ease. In today’s saturated market, characterised by savvy consumers with increasing demands, customer satisfaction has never been more essential. Embedded insurance provides companies with the opportunity to enhance customer engagement with personalised solutions. The result is a sustained and expanded customer base which translates into new revenue streams for its proponents. By Marat Nevretdinov, Managing Director at HDI Embedded https://lnkd.in/e97Y-YQv #Insurance #Insurtech #Openinsurance #Embeddedinsurance #Futuretrends

When insurance companies have a better understanding of risk, it enables them to make more informed decisions on pricing and provide the best possible coverage for their clients. Dedicated to revolutionizing the insurance industry, kasko2go utilizes cutting-edge technology to improve the accuracy of risk assessments. kasko2go offers an innovative approach to motor portfolio optimisation. kasko2go’s solution leverages telematics and data analytics to create personalised insurance policies based on an individual’s driving behavior. This optimisation leads to more accurate risk assessment and pricing, which is beneficial for both insurers and policyholders. At ITC DIA Europe 2023, they offered us updated insights, cutting-edge solutions, and a closer look into the future of motor insurance, characterized by transparency and technological innovation. Learn more right here: https://lnkd.in/eMFqrxy9 #insurtech #insurance #innovation #ITCDIAMUC

Sure launches Anywhere Insurance to liberate the industry from grip of incumbent rate service organizations and legacy vendors “For too long, legacy rate service organizations have had a stranglehold on the insurance industry. They have controlled the plumbing and pricing, creating challenging and unnecessary barriers to launch modern insurance programs,” said Wayne Slavin, co-founder and CEO of Sure. “Anywhere is reinventing how insurance programs are built and launched in the digital age. We are solving the fundamental challenges in the insurance industry with a new turnkey, technology-driven approach that dramatically reduces time to market, minimizes launch and operating costs, and revolutionizes the customer experience. Anywhere is something no other insurtech is capable of taking on and one of our most ambitious undertakings yet.” Vic Russo Cassi Conrad-Lichtman Marvin Joseph Sayson Ben Veghte https://lnkd.in/ephBYjre #FFNews #Fintech #Finance #Banking #Paytech #Payments #Insurtech #Insurance

Embedded insurance is shaping up to be the future of the industry in the digital age, with many insurtechs investing heavily into the innovative business model. Younger generations are not buying insurance in the same way as their predecessors, and in order to continue thriving, we need to find new ways to commercialize insurance products. #Insurtech #Innovation #EmbeddedInsurance

Embedded insurance is the future-ready technology aimed to solve outdated customer experiences that involve pain point in new and renewals during hard market. Its 1st sign begins with higher Excess epidemic. Time to embed www.claimyexcess.com :) https://lnkd.in/gsusHaq8

While the insurance industry has admittedly shifted online, it is still early on in its journey to providing the convenience and expediency consumers have come to expect. In this article, Wayne Slavin, co-founder and CEO of Sure, discusses how his business is working towards unlocking the potential of digital insurance for the world’s most recognised brands and insurance carriers. Read the full article at: https://lnkd.in/dVJBbBwN #insuretech #insurance #digitaltransformation

In the Insurance industry, onboarding is a crucial time for shaping how customers perceive the company. See how you can implement digital and personalized onboarding and discover the benefits in this post! #insurance #insurtech

Read our announcement about our new offering for the Insurance industry. "One of the biggest challenges for insurers is to reduce the 'noise' generated by people, processes, systems, and data, that makes it hard for insurers to make the best business decisions. FlexRule for Insurance brings clarity to business decisions by reducing noise and making business decisions the first-class citizen of insurance providers." -- Arash Aghlara, Founder and CEO of FlexRule ▶️ https://lnkd.in/gsZ8krSG #insurance #insurtech #decisionintelligence #decisionmanagement #decisionautomation

In an industry as dynamic and competitive as insurance, staying ahead of the curve ⤴️ is paramount. One key 🔑 area that is rapidly changing is distribution. Traditional channels have given way to digital platforms, revolutionizing the way insurance is sold and policies are managed. Digital transformation doesn't just offer a fresh approach to sales but also presents novel ways to overcome persistent challenges in insurance distribution. #blog #insurance #digitaltransformation

Madanes Insurance Agency Implements Novidea’s Insurance Management Platform, Completing an End-to-end Digital Transformation Roi Agababa, CEO and Founder of Novidea, stated, “Insurance organizations worldwide are dealing with outdated and disparate technologies that do not meet today’s needs. Against the backdrop of increasing competition, and with the aim of enhancing customer experience and providing an advanced digital experience, they are looking to replace their traditional systems with new generation systems. This growing demand for innovative technological solutions seeks to improve data quality and access, provide a smooth digital customer experience, and streamline processes. We are excited that Madanes has stepped into the technological forefront of the insurance industry, which will help it maintain its leadership in the market, both in terms of service and customer experience and in operational efficiency metrics.” https://lnkd.in/gVeCeVUj Boaz Rubin #fintech #finance #banking #paytech #payments #fintechnews #paymentsnews