Increase your reach by adding embedded insurance to your offering
Software enabling transactional acquisition of coverage to meet evolving consumer needs
There is a 3 trillion-dollar gap in the insurance industry between what people need, and what they actually purchase*
The reason? Insurance is complicated. It’s inflexible. And it’s often annoying and difficult to buy. It’s our job to give consumers what they want, when they want it, and how they want it.
*Simon Torrance, “Embedded Insurance: a $3 Trillion marketing opportunity, that could also help close the protection gap” LinkedIn Pulse, December 10, 2020
Insurance modernized with innovative software
Insurance distribution has inefficiencies which are fixable with the correct technology. Consumers’ need coverage personalized for their complex needs, not off-the-shelf policies with long and tedious acquisition processes with little to no automation.
Redkik has developed an InsurTech solution to address these inefficiencies and bring direct and instant value for consumers, underwriters, and brokers. Redkik’s software enables insurance to be transacted instantly with additional AI and machine learning components tailoring the coverage to the clients’ actual needs.
Redkik’s software can be embedded into existing online systems for market-leading ease of use and instant coverage.
Convenience at your finger-tips
By integrating Redkik’s API into existing online systems, consumers can buy insurance when they need it – at the point of purchase – with a single click without being redirected to external portals or platforms.
This provides the consumer with convenience and increases purchasing rates while not interfering with existing sales flows.
All-in-one flexible SaaS solution
Redkik’s software offers a solution for the needs of every party involved – the consumer, the insurer and product or service provider – by adding automation, flexibility and unmatched user experience to underwriting and the acquisition of an insurance solution.
Coverage now, not later
How long does the usual insurance process take? Days? Weeks?
How about a second?
Insurance doesn’t need to be complicated. Redkik’s effortless API integration allows data to be processed through Redkik’s AI and machine learning algorithms instantly without manual intervention from the underwriter.
A quote is generated instantly and securely by comparing data to global sanctions lists and vast data sources. The quote can then be accepted within the same user interface without unnecessary redirects.
Personalized coverage for actual needs
In today’s market, the consumer has shifted to be in the driver’s seat of the insurance acquisition process, and it is our job to deliver what they want, when they want it, and how they want it. The one-size-fits-all approach doesn’t offer the very much needed flexibility consumers are looking for.
Redkik’s solution allows tailored coverage to be acquired when it’s most convenient for the customer – whenever they are purchasing the product, service or transport they want insured.
This streamlines the customer experience and assures that the customer is offered the coverage they actually need, when they need it.
Increase your customer base and set yourself apart from the competition
Whatever the type of insurance may be that you specialize in, Redkik’s dynamic insurance software allows you to reach your goals and set yourself apart from the competition.
Whether you already offer a transactional insurance a solution and are looking for solution to accommodate for a special requirement, or you’re looking to expand into the world of embedded insurance, Redkik has you covered.
Schedule a demo with our experts to discuss how our software can be used to reach your goals
Add an additional product to your offering
Add instant value with embedded insurance software
Dynamic Pricing
Redkik’s AI and machine learning algorithms offer tailored pricing for actual needs
Streamline the purchase journey
No extra steps needed. Coverage purchased at the point of sale
Scale your reach
Reach your target groups more effectively – especially SMEs
Meet evolving consumer needs
Offer consumers what they want – when they want it
How does Redkik’s embedded solution work?
Redkik’s insurance software processes and analyzes endless data points in the background and compresses the data into the most accurate quotes. The process has been reduced to a single click for the end-user for a seamless user experience.
Because our software is fully embedded, no changes need to be made to the sales flow of the platform we integrate into.
A product or service is purchased
Redkik picks up the details through the API integration
Redkik generates an insurance quote instantly
Consumer accepts the quote
Insurance partner is notified
Quotation is sent to consumer’s email
EU Only?
To stay compliant with EU’s Insurance Distribution Directive the booking-holder must be sent a non-obligated quote which they can accept independently
Consumer confirms the purchase
EU Only?
To stay compliant with EU’s Insurance Distribution Directive the booking-holder must be sent a non-obligated quote which they can accept independently
Done! Confirmation email with insurance binder is sent to customer
What people say about us
Our clients are focusing more on technology and automation – we had a need for an automated insurance option that allows our customers to quote and purchase insurance on their freight shipments effortlessly within our TMS platform. Redkik was the perfect solution to meet this need. Our clients quickly adopted the automated insurance function. With Redkik’s partnership, our TMS platform is a one-stop shop for our clients and shippers.
What people say about us
We have been very happy with the rollout of Redkik’s technology and the seamless integration with our underwriting system. The feedback from the first customer has been extremely positive—they were impressed with the modern interface. It’s clear that Redkik’s approach is making a meaningful difference in simplifying the insurance process
What people say about us
I see Redkik as a valuable tool that will assist Oakcliff and many other programs as we move boats and equipment around the world to different events.
What people say about us
Redkik’s dynamic insights, data science and artificial intelligence have revolutionized the insurance industry. Their cutting-edge technology gives new tools to underwriters so now they can establish dynamic, risk-sensitive pricing for shipments. These tools help insurers and their clients understand and avoid risks. That’s revolutionary. Redkik introduces game changing opportunities for all stakeholders in insurance transactions to manage risks actively and effectively.
What people say about us
I recently purchased a new sailboat. I was unable to drive across the country to pick it up myself, so I hired my local marine services company to facilitate the delivery. They sat down with me and went over the quote process and I was surprised at how simple it was to get my boat delivery insured using Redkik’s technology, and I work in the software industry! It was even easier than calling my insurance agent.
What people say about us
I love how easy the solution is to use. Redkik saves us a lot of time so we have more time to concentrate on our core business. Receiving the Certificate of Insurance instantly is a big bonus!
What people say about us
Redkik is a one-stop, easy process that has simplified insuring shipments for my company. Previously uninsured cargo can now be covered within a few minutes.
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With Redkik you can
- Modernize the acquisition of insurance
- Increase your reach with transactional insurance
- Address evolving consumer needs
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