Transactionalize your policy and bring it to the point of sale with embedded insurance
Increase your reach and purchase rate with market-leading software, powered by artificial intelligence and machine learning
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
Insurance made easy and effortless
Insurance policies are currently being distributed inefficiently with little to no personalization or flexibility for the consumer. The problem for the consumer is not only the cost, but also the required tedious process involved with purchasing insurance. This shouldn’t be the case in today’s market.
That is why Redkik created a solution which can be fully integrated and embedded into existing online systems for an industry-leading user experience and instant coverage.
Through an API integration, Redkik enables select insurers to bring their policy to the point of sale, where the consumer can purchase coverage tailored to their needs with a single click without the need to re-enter information on an external platform.
Unmatched ease of use to match consumer 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 just doesn’t do it anymore.
Redkik’s solution allows tailored coverage to be acquired when it’s most convenient for the customer – whenever they are purchasing the product or service they want insured.
This streamlines the customer experience and makes sure the client is offered the coverage they actually need, when they need it.
Embedded insurance now, not later
How long does the usual insurance process take? A day? A week?
How about less than a second? Redkik’s effortless API integration taps into existing online systems and allows a quote to be offered instantly after the information has been processed in a matter of milliseconds. The quote can then be accepted or denied without the need to re-enter the information on an external website or platform.
Coverage tailored to consumers’ needs
Traditional off-the-shelf policies rarely offer exactly what the consumer wants and with the flexibility they very much need.
Redkik’s artificial intelligence and machine learning algorithms process the given data from the purchase process, as well as from multiple other data sources to offer customized coverage the consumer truly wants to buy.
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.
– George Hansen, Plymouth Minnesota
Flexible software for your needs
Whatever the type of insurance is you specialize in, Redkik’s flexible software allows you to distribute it to the consumer in a matter of seconds. Our solution is platform agnostic, meaning our technology can be embedded into existing systems and make the offer of a transactional quote seamless – no extra and external portals or websites needed.
Our solution can handle even special or unusual commodities safely, which used to require days or even weeks to get cleared and covered.
Schedule a demo with our experts to discuss how our software can be used to reach your goals
Offer your policy at the point of sale
Give your customers what they want, when they want it
Dynamic Pricing
Redkik’s AI and machine learning algorithms offer tailored pricing for actual needs
Keep your policy flexible and safe
We can isolate problematic customers, so others won’t be affected
Streamline the purchase journey
The user remains on the same platform throughout the entire process
Increase purchase rate
The seamless experience and effective timing leads to an increased purchase rate
Scale your reach
Reach your target groups more effectively – especially SME’s
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 pricing. 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 into the sales flow of the platform we integrate into.
A transport or shipment 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
A confirmation email is sent to consumer
What our customers and partners 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 our customers and partners 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 our customers and partners 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 our customers and partners 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 our customers and partners 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 our customers and partners 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.
What our customers and partners 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.
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With Redkik you can
- Bring your policy to the point of sale
- Transactionalize your policies and increase reach
- Address evolving consumer needs
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