Sure’s Post

Did you know that 71% of insurance gurus say it takes a massive effort to build new insurance programs, maintain them, and launch them digitally using legacy rate service organizations (RSOs)? It’s true. According to insurance industry experts who participated in our survey to produce the 2024 State of Digital Insurance Report, the pain points using legacy RSOs are everywhere. For insurance carriers and consumer brands, priorities aren’t being met, costs are soaring, and modernization is limited – and that’s just the start of the takeaways from our 2024 State of Digital Insurance Report. https://lnkd.in/ecHv_TnZ #digitalinsurance #embeddedinsurance #insurtech #fintech

Our own Leonardo Cardone is joining the Open & Embedded Insurance Observatory next week to drop some knowledge about all things embedded insurance! Check us out to learn more about how Sure is powering digital insurance programs for the world’s largest brands and carriers on our insurance technology rails: https://lnkd.in/eTsWvede #digitalinsurance #embeddedinsurance #insurtech #fintech

Insurance is definitely a topic that sparks mixed feelings! By offering the right insurance product at the right time it undoubtedly provides customers with the comfort of knowing they're protected against unexpected events. On the other hand however, some find insurance frustrating due to the complexity of policies, the cost, and the difficulty in getting claims approved. EIP's COO and UK Managing Director Ed Hemburrow shares his thoughts on how technology has enabled companies to address some of these frustrations, by embedding insurance into their customer value proposition. And, how over the past 20 years, EIP's team of industry-leading experts have helped companies to design, build, and manage Embedded Insurance products, all over the world. Read Ed's post here 👉 https://lnkd.in/edeAvuJS And, please share your thoughts in the comments ... #embeddedinsurance #eip #fintech

In the old way of doing things, launching a digital insurance program could sometimes take upwards of 30 different vendors working together. But at Sure, our team works hard every day to make the process easy and seamless for our partners. Want to know more? Our VP of Product, Marvin Joseph Sayson, walks us through the intentionality of how we onboard new partners onto our insurance technology rails and shares a little taste of our proven Digital Insurance Launch Plan. https://lnkd.in/eTqxPcsj   #digitalinsurance #embeddedinsurance #insurtech #fintech

💸 How much money is your organization spending on insurance programs? 💸 75% of insurance decision-makers say their company’s average spend to build, launch, and maintain insurance programs is at least $1 million annually. Of those, 31% spend $10 million or more annually. In our recent State of Digital Insurance Report, we dive deeper into why costs are so high, how insurance decision-makers feel the intense effort it takes to launch their programs, and ways innovation can eliminate the friction. Take a look. https://lnkd.in/ew3Xv8Pc   #digitalinsurance #embeddedinsurance #insurtech #fintech

🚀 Transforming Insurance with Embedded Solutions! 🚀 We're thrilled to unveil our latest insights on the future of insurance. In this video, explore how B4E Insurtech is revolutionizing the industry through innovative embedded insurance products. From seamless integration with APIs to no-code tooling, discover how we're helping insurers, reinsurers, MGAs, and intermediaries adapt to the digital era and meet evolving consumer expectations. 🔍 Key Highlights: Understanding Embedded Insurance Technological Foundations Industry Trends & Implications Customer-Centric Approach Overcoming Challenges Join us on this journey to make insurance more inclusive and accessible for all. Watch the video and dive deeper with our blog here: https://lnkd.in/gf2Sq6XQ #Insurtech #EmbeddedInsurance #DigitalTransformation #InsuranceInnovation #digitalinsurance #FinancialInclusion #InsuranceIndustry Interested in learning more? Connect with us at demo@b4einsurtech.com.

What a wonderful way to conclude the year! eINS.tech recognized as the Multi-Line Insurance Information System of 2024 by CIO Outlook. Read about our dedication to empower insurers with bold visions through technology. https://lnkd.in/dFk8CTa9 #eINS.tech #insurance #insurtech #fintech #innovation #digitalization Borislava Palanchova

Are you looking to introduce an💡embedded insurance💡programme into your customer value proposition, or perhaps you're looking to upgrade an existing programme? At EIP we've been helping leading global 🌍 brands to design, build and manage embedded insurance programmes for over twenty years. So what are you waiting for? Get in touch 📧 with our expert team today 👉 enquire@eip.tech #embeddedinsurance #fintech #

Sometimes, it’s difficult to determine the precise moment when a business’ practices and technology stack become an impediment to their operational requirements or growth objectives. It’s even harder to define when a business begins to lag behind its competitors in these areas. However, in the insurance industry where traditional processes and legacy software are common place, it’s not hard to recognise some tell-tale signs of outdated, inefficient operational activities that could be improved with the right technology. So, if you’re interested to understand what these “signs” are or how to leverage technology for a competitive advantage in the insurance industry, read our whitepaper today, https://buff.ly/4bdj7yt #insurance #insights #insurtech #fintech

Legacy systems have hindered the advancement of Open Insurance, but the advantages for insurers and brokers are evident – with #insurtechs playing a crucial role. In July 2018, a whitepaper titled "The Open Insurance Initiative" introduced the concept of Open Insurance, proposing the seamless integration of insurtechs into insurance processes via #APIs to foster connectivity and standardisation. Open Insurance involves sharing #data and services through APIs to drive efficiency and innovation, following the model of Open Banking. According to a recent whitepaper by Arthur D. Little, insurtech startups are essential for realising the potential of Open Insurance due to their agile frameworks and technology-driven approach. However, despite the innovation prospects and benefits for insurtechs, incumbent insurers have shown mixed interest in the idea. Challenges include legacy technology migration, concerns about consumer awareness and trust, and the need for standardisation and regulatory clarity, particularly regarding competition and data security. Read more here Insurance Times Clare Ruel👉 https://bit.ly/49SjHkr Howden #insurance #fintech #openbanking #openfinance