Reach broader audiences
and grow your insurance business
Aside from the e-commerce boom, customers’ lifestyles have changed significantly over the past few years. Today, fewer people are buying cars, and more are renting bikes. Embedded insurance is an opportunity for the insurance industry to reap the benefits of these lifestyle changes and adapt to customers’ needs.
We can help you target
the right customers at the right time with the right coverage
With embedded insurance, you can reach customers online by partnering with digital businesses that have access to millions of consumers. Wallbid helps you generate new revenue streams with minimum effort and resources and lower distribution costs by offering more affordable and relevant insurance at the right time and place.
Wallbid offers a
fast & flexible distribution
model, not just another costly & endless software development
The Wallbid Platform is a specially crafted Insurance-as-a-Service platform with an Embedded Insurance focus. By translating the Insurer’s product specifications to Insurlet DSL, a proprietary Domain Specific Language for describing Insurance products of any type, the Wallbid Platform gets any Insurance product ready for online sale within days.
Integrate your products once,
win multiple partners!
The idea is simple. Through our modern, cloud connected Wallbid Marketplace and open APIs, we automate the embedding process, improving the overall insurance experience, from policy purchase to renewal and claims. Most importantly, once we publish your products, we can target multiple digital businesses, integrate with their systems, and give you access to whole new customer pools. This way, insurance will be offered at online checkout or in-store, at the exact moment customers are most likely to purchase coverage.
Claims are where the promise of insurance is fulfilled.
We will help you deliver on your promise
We enable a flawlessly designed and implemented claims-handling process in the sales channel.
As a result, the FNOL process is orchestrated with zero or minimum needed human intervention and can be integrated with your PAS to report back to the sales channel any status updates.
The Wallbid Platform Benefits
One solution,
many benefits
Quick, easy, hassle-free, and low-cost deployment
New distribution opportunities with lower distribution costs
Enhanced claims management through automated servicing
Fast time-to-market
Higher conversion rates
Access to a large new customer base
Data driven underwriting and pricing based on real demand
More affordable, relevant & personalized insurance coverages
Increased revenues
An end-to-end simple,
hassle-free integration process
We extract
We package
We install
We inject
We sell
We push
We measure
