Opportunities for embedded insurance partners
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Tesla is doing it. So are Uber and Amazon. These globally recognized brands are adding insurance to their value proposition. But they can’t do it alone. Embedded insurance requires special expertise, capabilities and capital.
A new report from Celent in partnership with Swiss Re explores the growing embedded insurance market and explains why embedded insurance can be a strategic play for platform businesses of all types - from automotive to financial services to home security.
These companies are intentional about offering enhanced protection to their customers and they have an important ingredient: customer data. Armed with these insights and a highly functioning customer journey, brands like Experian, Intuit and IKEA are partnering with insurance organizations to offer protection products to the people they know intimately.
Re/insurance partners like Swiss Re bring complementary capabilities to the equation, such as underwriting, policy servicing and claims handling. and in the case of Swiss Re, we also provide financial backing in the form of strongly rated risk capacity.
Check out the highlights of the report in this factsheet.
Get the full report.