Private-labeled, Multi-tenant E-commerce Platform for Commercial Insurance Carriers
Private-labeled, Multi-tenant E-commerce Platform for Commercial Insurance Carriers
Customizing Property and Casualty Insurance for Risk Reduction
The client is primarily engaged in providing specialized property and casualty insurance products and services to businesses, with a focus on helping them to reduce risk and protect their asset. Specializing in offering tailored and comprehensive coverage options to meet customers’ unique needs.
Challenges and Impact in Tailored Insurance Solutions
- Have a dedicated digital sales and distribution channel
- Get quickly onboarded as a tenant
- Custom build their user journeys for the small businesses
- Private-label their own tenant instance using their brand identity and color schemes
- 15~82% Increase in the number of straight-through processing quotes
- 8x reduction in the cost of underwriting
- 5x Increase in the average number of policies sold per insurance in the first 6 months
- 4 weeks for the Go-To-Market for an insurer
- 3000 business classes supported