When implemented correctly, embedded insurance has the power to enhance customer satisfaction and generate new revenue for the retailer. But the path to seamless integration is complex.

Here, we explore the five biggest challenges companies face when launching a new embedded insurance offering, and how Quotall can help:

1. Technology Integration

Embedding insurance into a new e-commerce platform demands robust APIs and system flexibility. Typically, insurance solutions run on legacy systems that can’t keep up with the fast-changing retail sector. Quotall’s embedded insurance software allows you to integrate insurance into your e-commerce platform via a single, simple API, that can operate in multiple territories and currencies. The proposition can be launched in weeks—not months—with a managed service that includes insurer relationships, product configuration and full operational support.

2. Regulation compliance

Understandably, insurance sales are heavily regulated in the UK. FCA applications are time consuming and complex, but at Quotall, we have the expertise and experience to provide advice and support to any client looking to become directly authorised. Via our own regulated business, Quotall IS, we can provide a regulatory umbrella for non authorised businesses. And with extensive industry contacts and knowledge, third party negotiations can be established quickly.

3. Insurance partner alliance

Insurance in all forms relies on strong collaboration between insurers, distribution partners and the regulators. With over 100 years’ combined experience, we can find and manage the right policy for your offering. We also have a wealth of industry connections, and can help connect you to the right people, at the right time, building valuable relationships.

4. Brand personalisation

Your brand tells your story and it’s part of what builds the trusting relationship between your business and your customers. Whether it’s choosing quotes, viewing policy details or making a claim, we can keep documentation and visuals to the look and feel of your brand, to ensure your brand recognition doesn’t fall short.

5. Keeping consumer convenience

Giving your customers a personalised insurance choice, tailored to their product, at the click of a button sounds long-winded. And the truth is, it used to be. But with Quotall, the insurance offering is built into the customer purchasing journey. Whether it’s online, in-store or in an app, you can give your customers choice without overwhelming them or confusing their purchasing behaviour. Customers can quote, compare, save, buy, amend, claim and renew through a single platform log in, delivering the service and convenience your customers need.

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Our ecosystem, has everything you need to get trading with embedded insurance, quickly. For a demo or further information on how we can help you build incremental revenue, get in touch: enquiries@quotall.com