01. Add an insurance offering to your existing touchpoints
Add a bancassurance offering to the customer touchpoints where it makes the most sense for you and your customers, such as when someone applies for a loan or takes out a mortgage.
How Digital Bancassurance works.
02. Insurance provider selection and authentication
Once the user is in the flow, they select their current insurance provider and authenticate themselves using single sign on, username and password, or PDF upload. At the same time, they consent to Insurely collecting data on their behalf. Insurely then collects the user’s insurance data in real-time.
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03. Compare their current policy with your offer
By reviewing the collected data, you can advise the user on their best course of action depending on their situation.
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04. Close the deal and send the details to the risk carrier
After finding the best solutions for your customer, you can close the deal directly in your environment before sending the details over to the risk carrier.
Benefits of Digital Bancassurance.
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Expand your share of wallet
Increase your cross selling opportunities by adding an insurance offering to your core banking products.
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Maximize profit margins
Selling insurance in a bancassurance model allows you to leverage your existing distribution capabilities to add new revenues in a cost efficient way.
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Increase customer engagement
Manage your customers’ insurance portfolio and increase their engagement with you so you become the one place to go for all their financial matters.
Hear it from our customers.
"At SEB, we continuously strive to meet our customers’ evolving needs and have in the past few years had a big focus on digitalising our products and services. We are very proud to announce a strategic partnership with Insurely within the insurtech and open insurance space. We look forward to working closely with them as we start exploring ways to digitalise our insurance offering."
Stefan Stignäs
Head of Exploratory Banking, SEB
Full story
Using Pension Data Access
Using Insurance Data Access
How to create the Digital Bancassurance use case.
Product
Insurance Data Access
Improve your sales, retention, and insights by getting real-time insurance data directly from consumers current policies.
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Data Access Method
API
Use our APIs to access and use data directly in your applications - in exactly the way you want to.
Data Access Method
Pre-built user interfaces
Exceed customer expectations by accessing insurance and pension data through our pre-built user interfaces. Tested, optimized, and quick to implement.