Embedded Insurance: Why Firstbase and Stere Created a Strong Partnership

Embedded insurance is a revolutionary approach to delivering insurance products to customers. Instead of forcing customers to navigate a separate insurance platform, embedded insurance integrates insurance products directly into another company's platform. This makes it easier for customers to access a wide range of insurance policies, while also streamlining the process for insurance providers. By removing the need for customers to navigate a separate insurance platform, embedded insurance offers a more seamless and customer-friendly experience. I have recently wrote about embedded insurance model and how I believe it is the future of insurance distribution.

The partnership between Firstbase and Stere is a prime example of the power of embedded insurance. By integrating Stere's API platform into the Firstbase company-operating system, customers can now access a range of insurance products directly through the same platform they are already using. This makes it easier for them to manage their operations and protect their business all in one place.

Through the Stere API platform, Firstbase customers can access a wide range of insurance products, including General Liability, Business Owners’ Policy (BOP), Cyber, and more. This partnership is one of the major milestones in the insurance industry, as it demonstrates the potential for embedded insurance to transform the way insurance products are distributed and sold.

“This partnership will enable us to provide our customers with the best insurance products on the market, all from a single platform, complementing our mission of bringing high-quality tools offered to our customers in one platform.” — Mark Milastsivy, Firstbase CEO?

In conclusion, embedded insurance is the future of insurance distribution, and the partnership between Firstbase and Stere is a strong example of how this approach can benefit customers and insurance providers alike. By integrating insurance products into another company's platform, customers can access a wide range of policies quickly and easily, while insurance providers can expand their reach and offer a seamless customer experience. With embedded insurance, the insurance industry is set to become more accessible, efficient, and customer-friendly than ever before.

Original announcement by Stere and Firstbase:

About Firstbase

Firstbase is building an all-in-one Company OS to help define how founders across the globe launch, manage and grow their businesses. More than twenty thousand founders from over a hundred and eighty countries have used our product, Firstbase Start, to launch their startup. For many founders, “firstbase.io” has become what they type into their address bars when they think about incorporating a business.

But Firstbase is much more than just incorporation. Our team is dedicated to solving some of the startups’ hardest problems, with a particular focus in:

• Democratizing access to financial infrastructure
• Automating mundane tasks, every founder faces when running a business
• Making tools and resources more accessible to everyone, everywhere
• Building integrated solutions for founders and removing friction
• Delivering opportunities to traditionally overlooked founders and companies
• Democratizing access to knowledge

About Stere

Stere is an insurance operating system with its three innovative products: Stere Insurance API, Stere Distribution, and Stere Capacity, re-defining and re-inventing insurance distribution. Through its innovative Stere API platform, Stere is able to offer a wide range of insurance products in P&C, Specialty, and A&H space to any distribution partner on a global scale.