Open & Embedded Insurance Observatory

Zurich Insurance has made a strategic investment in Onsi to forge a future-focused cooperation in the employee benefits market. This investment allows Zurich to combine its vast expertise, global presence, and diverse offerings in employee benefits with Onsi’s innovative platform capabilities. Together, they aim to transform employee benefits from traditional protection to a personalized experience that meets the needs of a changing workforce. "This marks a pivotal moment for Onsi as we work together with Zurich to reshape the future of employee benefits. We are poised to create a game-changing experience for employers and their workforce. By creating a more personalized and intuitive approach to benefits, we aim to empower individuals to make informed decisions, enhance their financial resilience, and succeed in the rapidly changing future of work," says Anthony Beilin, CEO of Onsi. Wendy Liu, CEO of Zurich Integrated Benefits & International Life, said: "Complementing Zurich's existing offerings for our corporate customers, this partnership underscores Zurich’s commitment to a human-first approach to employee benefits—one that fosters personalization and empowerment to better protect and support our customers and the workforce to thrive." https://lnkd.in/eCGkFU_g #OpenInsurance #EmbeddedInsurance #Insurance #Insurtech #Partnership

Mayer Marketing Pte Ltd is a distinguished brand for premium home and kitchen appliances in Singapore, recognized for its unwavering focus on quality and innovation. Representing a portfolio of trusted global brands, Mayer serves the evolving needs of modern consumers with products that combine reliability and style. Beyond offering exceptional products, Mayer is committed to delivering a seamless shopping experience, accessible through both online and offline channels, catering to customers’ diverse preferences. In the appliance market, longevity is key; customers expect their purchases to serve them well beyond the standard warranty period. Mayer identified an opportunity to further support their customers by offering extended warranty coverage. This solution aimed to provide customers with additional peace of mind and confidence in their investments. For Mayer, the ideal solution would integrate seamlessly into their existing operations, enhancing their brand value without adding complexity to their processes. "The team has been incredibly supportive and flexible in accommodating our requests. We're excited to see the growing adoption rate of the Anycover extended warranty," said Cheng Yen Chia, D2C Operations Lead at Mayer. https://lnkd.in/eNwJnD33 #OpenInsurance #EmbeddedInsurance #Insurance #Insurtech

ReSource Pro, a leading strategic operations partner to insurance organizations, released a new insurance industry report on the impact of AI in the P&C insurance space. The State of AI in P&C Insurance report examines the role of AI in retail, MGA/ wholesale and carrier markets and explores real ways that those organizations can optimize their business to capture the productivity and innovation promise of AI technology. The study highlights that the future of the P&C insurance industry will be shaped by the successful intersection of AI and human expertise. Other technologies remain poised to amplify opportunities to innovate, including Internet of Things (IoT), embedded insurance, and blockchain. "Our research finds that AI is becoming increasingly integrated with other automation and decision-augmenting technologies," noted ReSource Pro Senior Partner, Mark Breading. "For insurance leaders, the time to act is now. Companies need to strengthen their digital, data ,and operational foundations while developing strategies, experimenting with AI, and exploring their business specific use cases. Taking proactive steps to adopt and integrate AI is essential to staying competitive and helping customers manage tomorrow's risks." "To take advantage of AI, you need a strong foundation and can't lose sight of the details," said Dan Epstein, CEO of ReSource Pro. "By doing the hard work of integrating systems, standardizing workflows, mandating data hygiene and modernizing operations, our insurance clients are well positioned to optimize AI in their end-to-end workflows where it makes the most sense. We're proud to support them with this complexity, so that they can turn AI into a practical tool to enhance their core expertise, their end customer experience, and drive bottom line results with near-and-long-term productivity gains." https://lnkd.in/ewF8kA2w #OpenInsurance #EmbeddedInsurance #Insurance #Insurtech #DigitalInsurance #DigitalTransformation #AI

“InsureMyTesla”, launched for the first time in Turkey in collaboration with Allianz Türkiye, Indeez and sigortalad?m.com. This special insurance product, InsureMyTesla motor insurance product also includes coverages such as wall-mounted charging station coverage, protection against high voltage and cyber risks, and on-site charging service which will only be available in Istanbul for now. Allianz Türkiye P&C Retail Insurance Leader Dr. Suat Didari, PhD. stated, “The launch of the InsureMyTesla product is an important step towards achieving our strategic goals. With InsureMyTesla, we enable owners to use their vehicles more safely against risks. In addition, we offer them a digital experience for their traffic policy needs in addition to the motor insurance policy through the InsureMyTesla platform.” Vikas Chhariya, Founder and CEO of Indeez said “We are excited to launch the InsureMyTesla product in Türkiye in collaboration with Allianz Türkiye, and Sigortaladim.com. We’re proud to offer drivers a seamless, digital-first insurance purchase experience and support. This collaboration demonstrates our commitment to be at the forefront of developing Green Mobility – by creating sustainable, technology-driven insurance solutions that benefit our B2B partners and provide a superior customer experience.” Or?un K?z?ltepe, sigortalad?m.com Deputy General Manager said: “We are glad and excited to be part of InsureMyTesla project developed with Allianz Türkiye collaboration. With our deep expertise in the automotive industry, deep-rooted experience in the insurance sector and strong technological infrastructure, customers will be able to secure their vehicles, themselves and their loved ones with insurance policies offered by Allianz Türkiye and sigortad?m.com within the scope of InsureMyTesla. We will continue to provide services to our customers with customized approaches.” https://lnkd.in/eCzjwCEb #OpenInsurance #EmbeddedInsurance #Insurance #Insurtech #Partnership #MotorInsurance

Cover Genius, a leading provider of embedded insurance, and Entrupy, a cutting-edge AI-powered luxury authenticator, have announced a partnership designed to enhance protection for high-end retail consumers. The collaboration aims to integrate product protection directly into the luxury purchase journey, enabling buyers to safeguard their investments against a variety of potential damages while streamlining the process of obtaining warranty coverage, according to InsurTech Insights. “Entrupy uses artificial intelligence to authenticate luxury handbags and sneakers. Through our partnership, customers can further safeguard their investment with product protection offered directly in the purchase journey. The comprehensive coverage protects customers if they experience a failure during the lifetime of their warranty and need to repair or replace their item,” said Cover Genius. https://lnkd.in/e_mPm3XQ #OpenInsurance #EmbeddedInsurance #Insurance #Insurtech #Partnership #RetailInsurance

One Inc, the leading payments network for the insurance industry, has announced a partnership with U.S. Bank to deliver a unified payment experience tailored to Property & Casualty (P&C) and Life insurers. The collaboration combines One Inc’s expertise in insurance payments with U.S. Bank’s robust money movement and banking capabilities. The partnership aims to optimise claims and premium processing for insurance carriers and their customers. It leverages the seamless integration of One Inc’s ClaimsPay? and PremiumPay? solutions with U.S. Bank’s capabilities to create an efficient, streamlined payment experience. Ian Drysdale, CEO of One Inc, said, “Both U.S. Bank and One Inc are dedicated to elevating the insurance payment experience, making it simpler and more efficient for insurers and their policyholders. Together, we’re eager to empower carriers with streamlined solutions that support their financial objectives and deliver a more connected payment journey. This emphasizes our strengths to modernize the insurance payment landscape while offering a unified platform for both incoming and outgoing payments.” Mike Jorgensen, Head of Emerging Solutions and Strategy in Global Treasury Management at U.S. Bank, added, “We’re excited to partner with One Inc, a technology leader delivering innovative solutions for insurance carriers nationwide. By bringing the payment capabilities of One Inc and U.S. Bank, we can create even more value for our insurance clients and respond to the evolving needs of their policyholders.” https://lnkd.in/eSKVEjNM #OpenInsurance #EmbeddedInsurance #Insurance #Insurtech #Partnership #Payments

Embedded insurance, which integrates insurance products directly into the purchase of other goods or services, similarly benefits from economies of scope.?Economies of scope enable businesses to reduce the costs associated with offering a diverse range of products or services. Network effects are primarily driven by the user base rather than by cost efficiencies, and occurs when the value of the platform increases as more complementary goods, services, or participants are added. Embedded insurance also allows platforms to cross-sell insurance products alongside their primary offerings, increasing the average transaction value and encouraging users to explore additional products or services. As users engage with a broader range of offerings, they become more integrated into the platform’s ecosystem, leading to higher retention rates and a stronger network effect. If you want to explore how platforms and marketplaces can leverage innovative insurance solutions to mitigate risks, enhance customer trust, and fuel business growth, download our report, in partnership with Marsh and Sure here: https://lnkd.in/eJQj8uhW #OpenInsurance #EmbeddedInsurance #Insurance #Insurtech #DigitalPlatforms #Marketplaces #DigitalTransformation #Innovation

Embri, a leading platform in embedded insurance, is thrilled to announce the expansion of its product offerings to include embedded bike and high-end tech insurance. These new additions complement Embri’s existing embedded insurance solutions for luxury watches and high-value jewellery, making it easier than ever for retailers to launch insurance offerings to protect customers’ valuable possessions at the point of purchase. Robert McCarthy, Non-Executive Chair of Embri, said: “Embri’s innovative approach to embedded insurance means that customers can now protect their purchases immediately, as part of their buying journey. This not only simplifies the process but also ensures that people can enjoy their valuables without worry from the moment they leave the store.” Craig Harper-Ashton, Strategic Advisor at Embri, added: “The future of insurance is embedded. By integrating insurance at the point of sale, we’re removing traditional friction points and making it easier for customers to access protection when it matters most. We’re excited to bring this capability to high-end tech and bike insurance, where we know there’s a strong demand for convenient, real-time coverage.” Simon Ball, Director at Embri, noted: “Our goal is to redefine insurance for luxury and high-value items. With thefts and high-value claims on the rise, we’re proud to offer a solution that addresses both consumer convenience and peace of mind. By embedding insurance within the purchasing process, we’re making insurance more accessible and relevant to today’s market demands.” https://lnkd.in/epqcn-mn #OpenInsurance #EmbeddedInsurance #Insurance #Insurtech #ProductLaunch

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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