New Models for Insurance Distribution

01 - New Models for Insurance Distribution

Digital Insurance Marketplace

Create a digital insurance marketplace platform that allows individual customers to easily compare and purchase insurance products from various providers. The platform would leverage technology to provide personalized recommendations based on customer preferences and needs. This would address the problem of adapting to changing customer preferences and behaviors, improving customer experience, and remaining competitive in the insurance industry. The ideation method used is Design Thinking, which focuses on understanding customer needs and creating innovative solutions.

02 - New Models for Insurance Distribution

Embedded Insurance for Subscription-Based Services

Partner with subscription-based service providers (e.g., streaming platforms, fitness apps) to offer embedded insurance as an added value to their subscribers. This could include options for device protection, identity theft coverage, and personal liability insurance. It would enhance the customer experience and provide additional revenue streams.

03 - New Models for Insurance Distribution

Embedded Insurance for Sustainable and Eco-Friendly Products

Develop embedded insurance offerings for sustainable and eco-friendly products, targeting individual customers in North America and Europe. The embedded insurance model will provide coverage for products that align with customers' values and interests, such as electric vehicles, renewable energy systems, and eco-friendly home appliances. By integrating insurance seamlessly into the purchase process, this model aims to enhance the customer experience and meet the increasing demand for sustainable insurance solutions.