Best Embedded Insurance Software for Startups

Extend provides merchants with innovative solutions for product and shipping protection, enabling them to boost revenue while safeguarding their customers from potential damages and losses. Merchants benefit financially from each sale of an Extend protection plan, which directly enhances their profit margins. Our plans cater specifically to customer needs, shielding them from incidents such as mechanical failures and accidental damages. The claim process is straightforward, with more than 98% of Extend claims being settled in under 90 seconds, effectively transforming customer dissatisfaction into satisfaction. By ensuring quick and efficient claim resolutions, merchants can convert potential critics into loyal brand supporters and repeat customers. Additionally, with our team of data analysts and marketing specialists continually refining Extend's offerings, merchants can gain insights into performance while maximizing revenue. Trusted by hundreds of retail partners, Extend's protection plans not only improve customer satisfaction but also contribute to enhanced profit margins, creating a win-win scenario for both merchants and their clientele. This partnership fosters a community of satisfied customers who are more likely to return and recommend the services to others.

tigerlab isn't just any insurance software provider. We're a leading force in the global market, empowering customers worldwide to deploy and adapt applications with ease. With over a decade of experience, we're passionate about delivering breakthrough results and enhanced business value for our clients. We offer a configurable, API-driven, and intuitive insurance software solution designed to help you deliver a superior end-to-end digital experience – no matter where your customers are. Discover why our insurance platform is the perfect choice for a seamless digital insurance journey. Click the demo button and see it in action!

Surefyre, acquired by Vertafore, is a modern, configurable platform that automates key insurance processes, enabling MGAs (Managing General Agents) to accelerate their growth and improve efficiency. With an intuitive no-code interface, Surefyre simplifies the onboarding of new agents and accelerates the rating and quoting process for specialty P&C business. The platform integrates with MGA systems and carrier data sources, allowing for instant form autofill, real-time data enrichment, and faster quoting, reducing policy issuance time by 90%. AI-driven features streamline the submission and risk selection process, enabling data-informed decision-making that improves underwriting accuracy. With Surefyre, businesses can enhance operational efficiency, reduce manual errors, and generate more revenue by focusing on the most profitable opportunities.

Incorporate insurance intelligence into your applications to enhance cross-selling potential or establish an insurance marketplace. Enrich user profiles with comprehensive insurance data sourced directly from providers. Gain insights into assets, coverage options, and risk assessments to discover innovative methods to add value to your services. Collaborate with Canopy Connect's partners to tap into new revenue streams in the insurance sector, offering solutions that vary from pay-per-click models to fully branded insurance agency offerings. Impress your users with intuitive interfaces that facilitate seamless sharing of insurance details, utilizing either our user experience design or your own. Serving customer-centric companies, fintechs, insurtechs, marketplaces, lenders, insurance carriers, and beyond, we empower users to effortlessly and securely share their insurance information through connections with the nation's leading carriers. Our system imports and organizes insurance documents, policy specifics, contact details, driver information, and claims histories, enhancing the critical information available to you. By leveraging our technology, you can ensure a streamlined experience that meets the evolving needs of your clients.

Our user-friendly, self-service platform enables insurance product owners to effortlessly set up and regularly modify their offerings while minimizing reliance on IT support. Joshu was specifically engineered to equip insurance professionals with the necessary tools to leverage digital distribution, capture new markets swiftly, and adjust to evolving market dynamics. Tailored for insurance experts and loaded with features to expedite product configuration, Joshu’s portals and underwriter desk are ready to use and facilitate the entire policy lifecycle. Established by tech specialists with a background in online insurance sales, Joshu was conceived to empower insurance professionals with the resources needed to effectively navigate digital distribution and expand their market presence more rapidly. By streamlining complex processes, the platform allows users to focus on strategic growth and innovation in the insurance sector.

Openkoda is a specialized application development platform tailored specifically for the insurance industry. It enables carriers, insurtech companies, managing general agents (MGAs), startups, and service providers to efficiently create comprehensive web applications, APIs, and internal tools much quicker than traditional development methods allow, while also ensuring that teams maintain complete control over their source code. Built on an open-source framework, the platform eliminates the risk of vendor lock-in. With a modular architecture and pre-existing templates, Openkoda speeds up essential insurance processes such as policy issuance, claims handling, endorsements, and renewals, all within containerized environments that can scale horizontally and do not impose per-user fees. Additionally, Openkoda comes equipped with industry-specific accelerators, including an AI-capable policy administration core, claims management workbenches, embedded insurance checkout components, and dashboards for underwriters that can access external risk information or activate machine learning models. This robust functionality positions Openkoda as a powerful asset for any organization looking to innovate within the insurance landscape.

Enhance your operational effectiveness and automate processes confidently by integrating timely and dependable insights into your claims management system. Utilize Claims Compass, a versatile platform that connects multiple solutions seamlessly, to incorporate these crucial insights directly into your system. By leveraging this platform, you can accelerate cycle times and refine the claims handling workflow, all while minimizing costs through access to comprehensive data and analytics. Streamlining your workflows allows for the application of advanced analytics, providing valuable intelligence that fosters improved decision-making throughout the claims process. Additionally, bolster your fraud prevention efforts by utilizing predictive analytics, sophisticated investigation techniques, and effective medical provider management tools. Ultimately, ensure a quicker restoration of your customers’ satisfaction by harnessing a claims management system that offers unmatched processing capabilities. This comprehensive approach not only benefits your organization but also enhances the overall experience for your clients.

Encourage your clientele to willingly share their data in exchange for tailored offers that reflect their genuine interests, financial conditions, and purchasing habits. This strategy not only helps in attracting new customers but also boosts the engagement of your current ones. By providing sustainability rewards, you can enhance customer loyalty and retention. Additionally, collecting valuable data insights will enable you to personalize experiences and leverage AI effectively. This approach can lead to new revenue streams while improving your capabilities in cross-selling and upselling. Furthermore, it serves as a protective measure against competitors in your market. Our "innovation as a service" model conserves your resources, offering 100% performance marketing that hinges on spending behaviors and data-driven audience insights. We utilize advanced encryption and security technologies, ensuring a comprehensive platform managed entirely for you, with no need for technical implementations on your end. Our operations are guided by principles of kindness, mastery, honesty, reliability, and mutual respect, empowering your customers to take ownership of their data through a 100% explicit opt-in process. This not only fosters trust but also establishes a strong foundation for a mutually beneficial relationship.

Data and analytics serve as the foundation for solutions powered by Earnix. We utilize top-tier data science, advanced analytical modeling tools, optimization techniques, and machine learning to provide the most competitively priced and personalized financial products to each customer consistently. Our approach facilitates the creation and integration of both traditional GLM/GAM and machine learning models, ensuring these models are effectively utilized for pricing, rating, and personalization strategies. To achieve this, we have crafted a Hybrid Model that combines the predictive strengths of machine learning with the causal insights offered by classical statistical approaches. The Earnix platform features a comprehensive range of optimization algorithms designed to accommodate diverse pricing and rating structures, regulatory and business needs, as well as varying market conditions. These algorithms are capable of addressing intricate challenges, including portfolio optimization, lifetime value analysis, multi-product strategies, ranking, and customer-centric optimization dilemmas, providing a robust solution for financial institutions aiming to enhance their services.

Noyo revolutionizes the employee benefits landscape by providing a modern, API-driven data infrastructure that streamlines connections across the ecosystem. By integrating with Noyo, you can unlock a vast array of benefits and establish quick connections to its APIs, facilitating efficient and precise data exchanges with insurance providers. Enhance customer satisfaction through robust automation, real-time insights, and reliable, clean data. Noyo uniquely delivers comprehensive APIs for benefits administration, managing every stage of a policy's lifecycle seamlessly. Effortlessly onboard new groups into the carrier's system while ensuring that enrollment confirmation is initiated automatically. Utilize APIs to manage transactions, obtain confirmations, and guarantee accuracy in member changes. Renewals can be processed and confirmed via API, reducing manual labor and enabling swift, dependable coverage. Elevate your digital enrollment experience with partner-oriented APIs and top-notch synchronization features. With a flexible one-to-many API solution, you can quickly integrate into existing systems and begin realizing the benefits of this advanced technology. This innovative approach not only simplifies processes but also empowers organizations to efficiently manage their employee benefits.

B2B: A Buy Now, Pay Later solution Your B2B customers will be able to buy now and pay later at checkout, allowing you to sell more and grow your business. Hokodo allows you to offer trade credit to customers. Instant credit terms can help keep customers in the funnel and increase sales. Our real-time underwriting eliminates lengthy credit checks and customers can get payment terms immediately, even after making their first purchase. No need to worry about cash flow. We pay you after delivery of the goods. We can also collect late payments and chase them. Your business is protected from credit and fraud risks, including non-payments, ID theft, chargebacks, and outright bankruptcy of customers. 73% of B2B buyers prefer to shop online. We believe they should have the same seamless checkout experience as consumers.

Seamlessly incorporate insurance into your digital platforms within days via a straightforward API and commercial agreement. Our adaptable technology layer enhances both new and established insurance initiatives. We offer versatile solutions that accommodate any insurer, allowing you to select from our reliable network of risk carriers or continue with your existing partners. You can effortlessly introduce insurance across various business lines, no matter your operational scope. Qover holds licenses to distribute digital insurance products in 32 European countries, enabling us to integrate smoothly with your current insurance offerings or collaboratively develop a tailored product that meets the needs of you and your customers. We prioritize your clients as if they were our own, ensuring that while the user experience is yours, our efficient digital claims processing, prompt payouts, and comprehensive multilingual support result in a reported 90% customer satisfaction rate. Additionally, we provide a transparent performance dashboard that equips you with the insights necessary for making informed, data-driven choices regarding your program. Our team of experts is dedicated to working alongside you, offering guidance to enhance revenue and deliver greater value to your business while fostering long-term partnerships.

XCover simplifies the process for major corporations to provide customized protection directly to their clients. Featuring a RESTful API that offers real-time pricing and product suggestions, XCover enables businesses to present relevant policies during crucial moments of the customer journey. We have ensured a smooth integration experience with an easily adjustable API and a responsive service design that minimizes any costs associated with switching. Furthermore, we eliminate barriers to international growth by holding licenses or authorizations in over 60 countries and all 50 U.S. states, while also supporting content in more than 40 languages and transactions in over 90 currencies. By utilizing XCover, companies can deliver protection that aligns perfectly with their customers' purchasing habits and lifestyle needs, effectively transforming protection into a lucrative revenue stream. This comprehensive approach not only enhances customer satisfaction but also strengthens the business's market position.

iptiQ operates as a digital B2B2C insurance firm dedicated to transforming the insurance landscape to foster growth and enhance customer satisfaction for our global partners. We provide a range of simple life and non-life insurance offerings while ensuring our partners can deliver an exceptional customer experience through our cutting-edge, comprehensive digital insurance platform. By allowing the creation of tailored life, health, and non-life insurance products that can be branded and marketed by our partners, we enable them to meet diverse consumer needs effectively. We focus on crafting compelling, end-to-end insurance experiences for clients, thereby improving the overall process of purchasing and utilizing insurance products. Our solutions are designed to seamlessly integrate with various distribution methods, including digital insurance and sales platforms, as well as customer service portals, ensuring a cohesive approach. Our advanced technology facilitates the quick integration of systems and efficient onboarding of insurance programs, allowing for swift adaptation to market demands. At iptiQ, we are at the forefront of pioneering and implementing digital insurance solutions that redefine industry standards. Our commitment to innovation positions us as leaders in the evolution of the digital insurance sector.

With API-driven infrastructure, you can effortlessly enhance customer value by integrating embedded insurance solutions. Utilizing Boost makes it incredibly straightforward to offer insurance—simply set up your products and link your website or app to our API. The Boost platform empowers your clients to purchase and manage their insurance policies directly through your branding on your app or site. Our in-house designed products are highly customizable, allowing you to create the perfect insurance package tailored to the needs of your audience. Boost has established a robust network of top-tier reinsurance and operational partners, ensuring that your insurance infrastructure will not hinder your growth. Since your startup clients already depend on you for essential payment functions, you can support their expansion and help them achieve critical business objectives by providing essential coverage like management liability insurance. Your clients trust you for their digital security needs, so why not broaden your service offerings and help them further reduce their risks with comprehensive insurance against cyber threats? By doing so, you not only enhance your value proposition but also solidify your position as a trusted partner in their success.

Embedded Insurance aims to simplify, expedite, and enhance the trustworthiness of the insurance process. By transforming traditional models, Embedded Insurance creates a seamless experience for customers, delivering tailored insurance solutions precisely when they are needed. This innovative platform collaborates with distributors and insurers in real-time, ensuring that the distribution of insurance is both convenient and reliable. With a strong focus on the customer experience, our advanced technologies offer personalized quotes, dynamic underwriting, and efficient servicing within a secure and smooth environment. Drawing on extensive expertise in product development, distribution, and data analytics, we strive to provide cutting-edge solutions for the evolving landscape of online consumers. By utilizing sophisticated data enrichment and analysis, we ensure that the right products from appropriate providers are delivered at the optimal moment, addressing your customers’ specific needs effectively. This approach not only enhances customer satisfaction but also positions us as a leader in the insurance sector.

Trellis Connect simplifies the process of sharing personal insurance information for users, offering a fast, easy, and secure experience. By meeting consumers in their own environments, Trellis enables individuals to discover the most suitable personal insurance options tailored to their requirements. Utilizing consumer-permissioned data, Trellis Connect stands out as an innovative pre-fill solution for property and casualty insurance that enhances the user experience while ensuring the security and privacy of its users. Collaborating with leading companies across various sectors, including financial institutions, fintech firms, and insurance providers, Trellis offers comprehensive white-label, end-to-end insurance solutions. The platform serves as a resource for comparing and purchasing personal property and casualty insurance policies, ensuring that users have access to the best options available. With our top-tier solution, you can have a fully licensed team of insurance agents ready to assist you in just a few short days. This approach not only streamlines the insurance process but also fosters a sense of trust and security among users seeking coverage.

Redkik’s innovative software integrates seamlessly with current online platforms, sifting through countless data points to deliver personalized and adaptive insurance quotes without the usual complexities. This streamlined approach not only enhances flexibility but also allows businesses to allocate their time and resources more effectively towards their primary operations. With Redkik’s transactional insurance offering, users enjoy unparalleled adaptability, while our sophisticated AI and machine learning algorithms ensure that your specific requirements are front and center, meaning you only pay for the coverage you genuinely need. Insurance is sourced from the most reputable global insurance providers to guarantee reliability. Traditional insurance processes often consume valuable time and lack the flexibility needed due to outdated technology and minimal automation. Thanks to Redkik, you can focus on what matters most in your business, knowing that you only pay for the insurance that fits your needs. Whether you require coverage for cargo, warehouse, gap, or spike insurance, Redkik’s solution provides immediate coverage options tailored to your operational geography, ensuring you are never left unprotected. This advancement marks a significant improvement in the insurance landscape, allowing businesses to thrive while staying adequately insured.

Boost customer loyalty by refining small and medium-sized business (SMB) data to deliver customized and relevant insurance solutions that evolve with the needs of the business. Propel continuous innovation by introducing market-ready products utilizing cutting-edge technology, backed by reputable insurers, carriers, and brokers who possess specialized knowledge in all areas of insurance. SMBs benefit from individualized coverage, pre-filled forms, real-time updates, and streamlined claims management available through a user-friendly platform. The policy review process adapts dynamically in response to changes within the business, ensuring relevance and efficiency. Kayna harnesses the distinct data of each SMB to provide tailored and automated insurance protection that is appropriately sized for their needs. Furthermore, Kayna remains engaged with SMBs throughout the policy lifecycle, offering timely insurance notifications, alerts, and updates on the status of claims directly through the platform, ensuring that businesses are always informed and supported. This comprehensive approach fosters a strong relationship between SMBs and their insurance providers, enhancing overall satisfaction and loyalty.

We assist brands in integrating insurance and assurance seamlessly into their platforms. The secret to creating profitable embedded solutions with elevated conversion rates lies in treating insurance as a feature of your platform rather than a separate entity. Our expertise enables us to provide both ready-made and customized embedded insurance and assurance solutions. By collaborating with capacity providers, insurers, and others, we fulfill our commitment to delivering relevant, white-labeled coverage for inherent risks. Our infrastructure supports a diverse array of embedded programs while offering expert advice to help companies develop efficient, compliant, and lucrative initiatives. It's important to note that white-labeled embedded protection doesn't substitute for your existing insurance; instead, it serves as an additional layer that enhances your customers' experience and ultimately boosts your revenue. This approach not only adds value for users but also positions your brand as a leader in innovative service offerings.

A versatile no-code and low-code platform designed to facilitate the comprehensive administration of digital insurance programs. Empower your teams to fully automate the digitalization and upkeep of insurance products, or opt for our expert assistance as needed. With our intuitive drag-and-drop interface, you can design purchasing journeys and other front-end experiences, customizing them for various channels or distribution partners with ease. Your customers, as well as beneficiaries of group policies, will have the ability to access essential information, download important documents, modify payment preferences, manage contract changes, and file claims seamlessly. Additionally, you can oversee your various distribution channels and effortlessly adapt products based on specific channel or partner requirements. Whether your internal tech resources are stretched thin and you need help configuring new offerings on our platform, or you seek tailored features and solutions to meet unique business demands, our seasoned team possesses the insurance industry knowledge necessary to ensure your project's success. We are committed to delivering a user-friendly experience that empowers you and your clients alike.

The Wrisk platform empowers you to create, deploy, and manage insurance solutions that resonate with your customers. It harnesses real-time, varied data sources throughout the insurance value chain, enabling effortless, informed decision-making through advanced scoring and ongoing product enhancement via machine learning. By leveraging the capabilities of telematics and connected vehicle data, it fosters groundbreaking innovation in the industry. Wrisk possesses the necessary expertise and regulatory approval to offer Insurance Intermediary services in the UK through its own fully authorized Managing General Agent (MGA). In addition, Wrisk is equipped to deliver customized intermediary and advisory services in other markets through established partnerships. As a reliable collaborator for insurers and brands, Wrisk assists them in launching and managing bespoke, compliant insurance solutions that meet specific needs. This commitment to innovation and partnership makes Wrisk a leading choice in the evolving landscape of insurance technology.

We provide flexible, cloud-based insurance solutions that can be customized for any type of product or service. Our easily modifiable and fully digitized processes empower businesses to speed up their digital transformation, unlocking their complete potential. Our expert team crafts a solution tailored to your needs, identifies the optimal insurer for your offerings, and creates an API for real-time integration with your platform, allowing for a streamlined digital claims process if necessary. Designed with user convenience in mind, our cloud-based offerings cater to a diverse range of industries, including ecommerce, mobility, banking, payment services, and shared economy platforms. By delivering safety and peace of mind through cutting-edge solutions, we have achieved a 10% increase in retention rates and enhanced customer lifecycle value. This commitment to innovation ensures that our clients remain competitive in an ever-evolving market landscape.

As a BaFin-licensed entity, we extend our insurance services across the EU through the Freedom of Service (FOS) framework, enabling us to assist partners in all EU states from our base in Germany while effectively navigating language barriers and local regulations. Our exceptional knowledge in both insurance and technology ensures that our business partners benefit from our unwavering commitment to 100% delivery. With a diverse team of insurance professionals, we are dedicated to providing robust insurance solutions and efficient processes. Additionally, our tech team is proficient in crafting and delivering advanced technological solutions swiftly. Our flexibility empowers us to keep pace with our partners, prioritizing efficiency at every stage, from initial conversations to product development and launch, which allows us to minimize time-to-market. We operate on a timeline of days and weeks rather than months, emphasizing our commitment to timely service delivery. Ultimately, our focus on rapid execution and adaptability positions us as a reliable ally in the insurance landscape.

Elevate your customer experience and foster enduring loyalty by seamlessly incorporating our protective and support solutions into your digital framework. Regardless of whether your customers are homeowners or renters, residing in a towering apartment or a charming split-level home, we provide tailored protection options for their living spaces. In the event of unforeseen circumstances, our AI-powered claims process ensures swift and hassle-free resolutions. APEX serves as our global digital delivery platform for Assurant’s offerings, allowing partners to swiftly and effortlessly integrate the appropriate protection, support, or service alternatives into their online environments. Specialty insurers and agents find it straightforward to enhance their portfolios with housing products, benefiting from our extensive support across various sectors, including retail, utilities, telecommunications, and beyond, ultimately enriching the customer journey. This comprehensive approach not only meets diverse needs but also solidifies business relationships for long-term success.