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Insurance Brokers

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 with 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

Modern insurance solution for Insurance Brokers

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.

Fast and instant insurance solution for Insurance Brokers

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 Insurance Brokers

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.

Dynamic insurance software for Insurance Brokers

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

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Add an additional product to your offering

Add instant value with embedded insurance software

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Dynamic Pricing 

Redkik’s AI and machine learning algorithms offer tailored pricing for actual needs

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Streamline the purchase journey

No extra steps needed. Coverage purchased at the point of sale

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Scale your reach

Reach your target groups more effectively – especially SMEs

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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

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Redkik picks up the details through the API integration

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Redkik generates an insurance quote instantly

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Consumer accepts the quote

Insurance partner is notified

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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

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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

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Done! Confirmation email with insurance binder is sent to customer

Send us a message

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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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