“ WITH THE RISE OF NEW TECHNOLOGIES , IT ’ S EASIER THAN EVER TO INCREASE PROFITABILITY – IT ’ S JUST TAKEN THE
INSURANCE INDUSTRY A LITTLE LONGER THAN MOST TO COME AROUND TO THE IDEA ”
STEPHEN DARRAH FUELLED enabling insurtechs to scale at pace . The cover is flexible too , and can be switched with a swipe or even automatically . Embedding insurance resolves the traditional drawbacks of insurance because its fast , easy and personalised . These products are also becoming an additional revenue stream for companies across many industries .
Embedded technology exists mainly in the form of APIs that can be integrated into existing platforms , with very little set-up and a fast market delivery speed . Like open banking services and the BNPL surge , embedded insurance will become a massive discussion point over the next few months .
48 March 2022