Open & Embedded Insurance Observatory

Remote, a leading global HR platform and payroll provider, has teamed up with InsurTech firm Kota to enable companies to seamlessly manage their employee health benefits across multiple countries. Remote Global Benefits integrates Kota’s infrastructure and insurer network into the platform, allowing companies to manage their employee health benefits effortlessly across different countries. The aim is to simplify this by providing businesses with a seamless way to offer competitive health insurance benefits that are compliant with local regulations. Luke Mackey, Co-Founder and CEO of Kota, commented, “Managing employee benefits across multiple countries has traditionally been a complex, outdated process entangled in paperwork, costing companies money, time, and morale. At Kota, we saw an opportunity to break away from this approach by creating a streamlined, digital-first solution for modern businesses. Our vision is to empower companies to offer world-class benefits with just a few clicks, creating a seamless experience for both HR teams and employees. Remote, a global innovator, shares this vision of a tech stack that empowers rather than hinders workforces.” https://lnkd.in/gpUaet_6 #OpenInsurance #EmbeddedInsurance #Insurance #Insurtech #Platform

Just over 1 month left in 2024... are you ready for 2025? ?? Hear directly from leaders in insurance who will explore 2024 market trends, emerging opportunities, and an outlook for embedded insurance in 2025. We will be joined by: - Gonzalo Rodriguez, Head of Group B2B2C Partnerships, Generali - Gunter Uytterhoeven, Chief Customer and Strategy Officer at AXA - Ramitha Soysa, Senior Vice President, International Affinity at Marsh - Yuri Poletto, Founder and Director, Open & Embedded Insurance Observatory ???????? ??????, ???????? ???????????????? ????????. ?? Register for our exclusive webinar, ???????????????? ?????????????????? ????????: ?????? ????????????????????????, ????????????, ?????? ?? ???????? ??????????????, here: https://lnkd.in/emznBkse #OpenInsurance #Insurance #InsurTech #EmbeddedInsurance #Innovation #DigitalTransformation

LendingTree has teamed with Coverdash to offer insurance coverage to its small business and startup customers. The collaboration expands LendingTree’s financial product suite to allow small and medium-sized businesses (SMBs) access to Coverdash’s fully embedded insurance offering. Coverage options include general liability, workers’ compensation, business owners’ policies and cyber insurance. The company’s embedded technology lets partners in any industry offer insurance to their customers within their front-end environments with a single line of code. “We’ve always played an integral role in helping small businesses get off the ground with our loans and financing programs, so offering business insurance was the natural next step,” said Jenn Ash, general manager for small business and student loans at LendingTree. “This partnership with Coverdash deepens our commitment to supporting our customers’ growth, reinforcing our position as their trusted, long-term partner for all of their financial services needs.” https://lnkd.in/g3eZP56U #OpenInsurance #EmbeddedInsurance #Insurance #Insurtech #Partnership

Insurtech startup Zopper raised $25 million in series D funding, led by Elevation Capital and Dharana Capital. The company will invest in its data science, data engineering and Artificial Intelligence and Machine Learning (AI/ML) capabilities. The funds will also accelerate growth in the firm’s current bancassurance offerings and enhance its post sales and servicing capabilities for Zopper’s device and appliance protection businesses, the firm said in a statement. “We take pride that we are the only insurtech company that works with insurance providers and creates byte-sized, personalised products that it then supplies to distribution partners,” said Surjendu K., co-founder and CEO, Zopper. “With trust of our partners, we are constantly building and working efficiently in transforming seamless journeys for customers to safeguard their future finances and increase financial protection.” “Our thesis from the early days has been clear. There’s already an infrastructure, somebody has poured capital expenditure to build that infrastructure. So why don’t we then use technology to streamline that instead of creating everything from scratch,” explained Mayank Gupta, co-founder and COO, Zopper. https://lnkd.in/eWJ_E-G2 #OpenInsurance #EmbeddedInsurance #Insurance #Insurtech #Funding #AI

Ramitha Soysa, Senior Vice President at Marsh, will be joining us in our upcoming webinar, ???????????????? ‘?????????????????? ????????: ?????? ????????????????????????, ????????????, ?????? ?? ???????? ??????????????! Join us on the ???????? ???????????????? ????????, ???????? ??????, to explore 2024 market trends, emerging opportunities, and an outlook for embedded insurance in 2025. ?? Register here: https://lnkd.in/emznBkse Ramitha Soysa is an accomplished professional with extensive experience in client engagement and program execution, currently serving as Senior Vice President for International Affinity at Marsh. Rami supports global clients with embedded insurance solutions in cyber, consumer electronics and heavy machinery across all regions. He also leads the Data Insights team at International Affinity, focused on insights and reporting automation. International Affinity at Marsh strives to support clients with embedded insurance solutions in a rapidly evolving consumer risk environment. #OpenInsurance #EmbeddedInsurance #Insurance #Insurtech #DigitalTransformation #Innovation #Technology

The global insurance industry is grappling with limited paths to consistent profitable growth, according to McKinsey & Company’s upcoming “Global Insurance Report 2025: The Pursuit of Growth”. Asia is leading the adoption of embedded insurance, particularly in non-life sectors, with the market projected to reach $170b by 2030. Public life insurers are regaining some ground thanks to favourable interest rates and renewed growth focus, but they still face declining relevance compared to other sectors. The ageing global population presents a growth opportunity as wealth shifts toward Generation X and retirees. Insurers are expected to cater to the rising demand for retirement solutions, with the "silver" population projected to double by 2050. In Asia, innovations like integrated digital services are enhancing customer engagement, with China leading this trend. https://lnkd.in/euX88RzJ #OpenInsurance #EmbeddedInsurance #Insurance #Insurtech

Kayna Innovation, the award-winning embedded insurance infrastructure platform and WTW, a leading global advisory, broking and solutions company have partnered with Vibrant, the Easton, Pennsylvania-based platform that manages third-party vendor cybersecurity oversight by tracking insurance coverage. Paul Prendergast, CEO and Kayna co-founder, said, “Vibrant make it easy to spot cyber risk from vendors by tapping into the trusted, advance warning systems of insurance companies. Our role is to add value by using Kayna tech to trigger vendor risk alerts and facilitate easy access to WTW-brokered insurance products. We remove the heavy paperwork and admin burden from organisations and their vendors, facilitate the speedy onboarding of new suppliers and assist the provision of right-sized cybersecurity coverage to each individual business across an entire approved vendor listing. This is a tailored, automated solution that enables organisations to maintain robust vendor management controls as they go about their daily business.” “Monitoring the cybersecurity status of large numbers of vendors has traditionally been expensive and complex”, said Rathi Niyogi, CEO at Vibrant. “Our solution addresses this complexity with an approach designed to be extremely simple, and capable of monitoring vast numbers of vendors while requiring minimal resources. Through our new Kayna and WTW partnership, Vibrant leverages the power of innovative InsurTech to bring remarkable capabilities to organisations that were previously priced out of necessary protection." Nabeel Tanveer, Director of Growth and Strategic Initiatives - US WTW Affinity, “The ability to now orchestrate insurance solutions that proactively deliver embedded insurance options and flag changes to the risk profile of any vendor during the insured’s policy period, is a valuable demonstration around the alignment of WTW and Kayna technologies. Vibrant is an excellent showcase of a platform solving risk challenges for their client base, and working together, we will work to close the protection gap, while helping solve the real problem of underinsurance.” https://lnkd.in/en7Qtd3x #OpenInsurance #EmbeddedInsurance #Insurance #Insurtech #Partnership #Affinity #CyberSecurity #CyberInsurance

bolttech announced the closing of a USD50 million venture debt facility with HSBC. The facility will support bolttech’s future strategic growth initiatives, including market expansion and pursuing opportunities to strengthen its technology and product capabilities while enhancing operational flexibility. Jonathan Yip, Managing Director, Innovation Banking, HSBC, said, “We are pleased to offer our venture debt solution to bolttech as they accelerate their growth journey. The bespoke facility structure provides the flexibility necessary for high-growth and innovative companies such as bolttech to capitalise on emerging trends and opportunities.” Romaney O'Malley O’Malley, Group CFO, bolttech, said: “With HSBC, we are partnering with a leading global bank for strategic financing opportunities that will support our growth, while extending our existing banking partnership. This facility reflects HSBC’s confidence in bolttech’s vision and growth trajectory, marking a partnership that will drive mutual value.” https://lnkd.in/eNiR9hM5 #OpenInsurance #EmbeddedInsurance #Insurance #Insurtech #Funding #Partnership

Gonzalo Rodriguez, Head of Group B2B2C Partnerships at Generali, will be joining us in our upcoming webinar, ???????????????? ?????????????????? ????????: ?????? ????????????????????????, ????????????, ?????? ?? ???????? ??????????????! Join us on the ???????? ???????????????? ????????, ???????? ??????, to explore 2024 market trends, emerging opportunities, and an outlook for embedded insurance in 2025. ?? Register here: https://lnkd.in/emznBkse With over 12 years of dedicated experience in the insurance industry, Gonzalo's passion for marketing has driven him through various local and regional roles in Latin America. His expertise encompasses brand development, integrated marketing campaigns, customer and distributor experience (NPS), and product development. #OpenInsurance #EmbeddedInsurance #Insurance #Insurtech #DigitalTransformation #Innovation #Technology

Mercedes-Benz AG Insurance Services UK is implementing a new digital platform for its car insurance subscribers. The platform is being delivered by Wrisk, which describes itself as the only independent embedded insurance technology platform dedicated to the global automotive OEM sector. Mercedes-Benz said the new technology would allow customers a “fully flexible” experience, offering a monthly rolling subscription policy without penalties or transaction fees when a customer changes car ownership or driving habits. “Wrisk’s expertise in the digital insurance space makes them an ideal partner to help us deliver a seamless, adaptable insurance solution that enhances the ownership experience for our customers,” said Ivor Wood, managing director Mercedes-Benz Insurance. “Together, we’re setting a new standard in the industry, one that prioritises customer convenience and satisfaction at every touchpoint.” https://lnkd.in/e5D954Ya #OpenInsurance #EmbeddedInsurance #Insurance #Insurtech #ProductLaunch #Partnership