Embedded Insurance
Editorial by Hugh Terry
In this edition of China in Focus, in partnership with iptiQ by Swiss Re, we take an in-depth look at global developments in Embedded Insurance (EI), with a focus on innovation taking place in China, and suggest how insurers must now switch from an ‘egosystem’ to ecosystem mindset to fully capitalise on the EI revolution.
Our in-depth article looks at, among other things, how:
- The definition of EI needs reconsideration
- The EI of today is a seamless – or near seamless – customer journey, driven by developments in e-commerce
- Europe is experiencing an EI revolution
- China continues to lead innovation in the sector
- Tesla is leading the drive on EI and electric vehicles
- Regulation remains a key area to watch
And our second article in this edition charts how Cover Genius has successfully embedded digital insurance into the car purchase journey, and capitalised on consumers shifting to an increasingly digital journey when making car purchase decisions.
We also analyse two interesting Chinese InsurTechs worth watching: SiGReal Tech, which developed a customised UBI model with more than 100 price determining factors, linking driving behaviour with risk, and AntSurance, which started offering embedded insurance products in 2016, and has now built partnerships with more than 100 banks, 60 insurance organisations, and 40 asset and fund managers.
As always, enjoy the edition!
In-depth: Embedded insurance, insurers must move from an ‘egosystem’ to ecosystem mindset
An in-depth look at global developments in Embedded Insurance, with a focus on China - and how the insurer mindset needs to change to capitalise on the space.
How Cover Genius has successfully embedded digital insurance into the car purchase customer journey
The InsurTech has capitalised on a consumer shift to digital platforms for the sale and purchase of cars.
SiGReal Tech - InsurTech analysis video and research deck
SiGReal Tech has developed a customised UBI model with more than 100 price determining factors, linking driving behaviour with risk.
AntSurance - InsurTech analysis video and research deck
AntSurance started in 2016 offering embedded insurance products, and has now built partnerships with more than 100 banks, and 60 insurance organisations.