Embedded finance for insurance companies
People buy insurance once per year, consider it more as a cost center rather than a protection tool and try to buy the cheaper insurance next year.
Embedded finance set up the framework helping insurance companies to deliver value to the consumers on a daily basis and to shift the perception of insurance products to the value of protection.
Find out below some of the solutions we use to build consumers' trust and the idea of partnership with their insurance company.
Branded payment cards
lower (or even nil) cost of payment flows
transaction data about purchases your clients do outside of your ecosystem
aggregated data of clients' purchases during a long period
Money movement
B2C, C2B, B2B and B2C money transfers both for domestic and cross border payments
money transfers to bank accounts, wallets, cards and cash
cash management solutions to reduce cash volume and related costs
Loyalty programs
use clients' payment volume to engage them to your product and loyalty program
payment card as unified identifier for multiple loyalty programs
integration of third-party loyalty programs to your product and your relations with clients
develop your own loyalty program based on transaction activity and payment behavior
Data solutions
know, where and when your clients pay outside of your sites
get notified when clients do purchases at exact merchants
third-party data sources to know even more about clients' behavior
analyze the data to modify product portfolio, loyalty program or forecast revenue even betterÂ
Incremental revenue
sharing of revenue generated by cards' payment volume
sharing of revenue generated by loans and instalments
reduction of costs related to payment flows
Other solutions
third-party solutions for gamification and client engagement on a daily basis
branded mobile networks with data products based on usage of mobile network
integration with close loop payment providers (schools &, campus solutions, etc.)