Ecosystems

Embedded insurance promises to disrupt insurance distribution as well as product and help close the “protection gap”--the 50% of all economic losses not covered by insurance.

The on-demand economy is exploding, but building suitable auto insurance products and services for the drivers fueling this economy is taking far too long.

While merchants are excited about the possibilities of embedded insurance, insurers are feeling the pressure. 

Embedded insurance can delight customers, but outdated systems and data privacy concerns pose hurdles to overcome.

Finding the right partners allows for new business models and improvements in core competencies, accelerating growth. 

Proponents rave that embedded insurance benefits the insurer, third parties and customers, but we should temper the hype--without spoiling the enthusiasm.

While embedded insurance may offer a quick solution, it lacks the personalized service and tailored coverage that independent agents can provide. 

How can you be customer-centric if your business is designed to put the policy and not the customer at the center? You can't.