300%
increase in sales of product protection following the implementation of an embedded insurance product.
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This meticulously studied white paper opens a window into how embedded insurance will mesh ever-more closely with retail products, e-commerce and POS innovation to fully maximise the enormous and growing potential of these products. It’s all waiting for you discover…
Embedded Insurance may not be a new concept but for insurers it is a world of un-tapped potential. For example, product protection sales see a 300% increase when an embedded insurance product is added. And, up to 50% of customers would add insurance to their basket at POS.
Embedded insurance is increasing consumer confidence with products protected, while insurers are leveraging the dynamic opportunities automation and experience online and offline retailers offer. The concept of embedded insurance is spreading into all walks of life, from home buying to motor protections and far beyond.
Embedded insurance is offering a revolution in volumes and customer experience as 60% would buy warranties at POS or Online Checkout
50%
of customers add insurance to their basket
76%
cut in insurance premiums
30%
month-on-month growth of consumers choosing to buy insurance cover
513%
revenue growth in 4 weeks
Our white paper delves into the vast opportunities at play here, from an insurer and retailer standpoint. It outlines how getting the technology right means revenue growth and innovative new channels to sell a range of insurance products. Packed with statistics, practical information and superb new case studies, Sapiens breaks down the perfect recipe for simplifying insurance through automation, leveraging this hugely important business line – and outlining the six critical ways our industry can prepare for the future.
“Embedded Insurance: Unlocking Un-tapped Potential” guides insurance professionals towards the successful navigation of present and future growth, examining 6 critical trends and building working strategies for growth:
DIFFERENTIATION: Insurers adding major value to retailers with products to differentiate them in the market
DATA: The willingness of younger consumers to share data is a golden opportunity for insurers to gain new levels of analytics and insight
REAL-TIME PRICING: E-commerce offers insurers the opportunity to better price and risk profile in real-time, adding value to retailers and consumers, enabling growth
PRODUCT INNOVATION: Embedded insurance provides a vast opportunity with assets such as digital wallets for warranties, partnerships with Telcos being just the tip of the iceberg
BETTER COVER: Working with retailers insurers can provide the very best cover and products, accurately tailored to customer needs and in a specific context
