Embedded insurance
is designed to meet your needs by exceeding your customers’
Digital bank customers are uniquely driven by seamless online experiences. As a result, they are more likely to appreciate insurance solutions that become a feature of a product rather than something separately bought.
Increased revenues, smooth CX: A win-win solution
Gen Z and Millennials are driving the massive adoption of fintech products. They are actively using mobile wallets, credit cards, and BNPL services, shop and pay their bills online, thus having an increasing need for financial protection now that they are starting their own families, buying their homes, purchasing their own cars. Operating in the fintech ecosystem puts you in a unique position to connect consumers with relevant insurance coverages, safeguard them against credit and cyber risks, as well as protect their purchases.
Laura applies for a credit card
Laura, who has just started working, is applying for a credit card. She is digital savvy and on the look for digital, hassle-free experiences that will offer her peace of mind. Having the opportunity to instantly add cyber protection within the credit card application process, is just why Laura will choose your services.
Bear the fruit of embedded insurance
solutions and see your business grow
Increased User Confidence
Real-time bundling and sale of tailor-made, relevant, and affordable insurance coverage at the point of sale bring confidence and peace of mind to customers—which, in turn, leads to increased transactions and loyalty.
New Profit Streams
Integrating insurance solutions into your financial products or services generates more trust within your ecosystem. The more your customers trust your brand, the more they will spend. That means new revenue streams at both the higher (high insurance take-up) and the lower (increased purchasing of products) ends of the market.
Valuable insights into user purchase behavior
Embedded insurance solutions will offer you the opportunity to gather more data about your users’ purchasing habits and preferences and harness their power to offer even more personalized experiences that will boost customers’ love for your brand.
The complete insurance package,
all in one simple plugin
Wallbid’s proprietary technology gives us the flexibility to build any embedded, online journey with our partners depending on what works best for their customers. We are not constrained by tech limitations in this regard.
A high-tech platform to integrate instantly with zero hassle- Flexible, fast, and convenient
- Omni-channel support
- Instant quote
- Fully digital customer experience from quote to claim, including sign-up flows, digital comms, and policy documents
- Zero customer acquisition costs
Enrich your services with
relevant insurance products
Along with our insurance partners we are providing well-defined, simple product solutions resulting in a straightforward buying and claims handling process.
Choose between three different ways of embedding insurance solutions into your ecosystems and take your customers’ experience to the next level.
Soft embed
Users opt-in as part of a larger service or purchase process
Bundled
Where insurance is included automatically as part of a product or service
Linked
Insurance that is automatically triggered by data or an event, like a phone being dropped or a car engine starting
