In the rapidly evolving insurance landscape, InsurTree is setting a new standard with its innovative, cost-effective solutions designed to empower insurers to reach underserved markets. With our platform and/or as a digitally licensed managing general agent (MGA), InsurTree enables traditional risk carriers to extend their reach into smaller business niches, meeting the specific needs of distributors and clients through both traditional and cutting-edge distribution models.
SWINZ: The first use case of InsurTree’s revolutionary platform
SWINZ, celebrated as the ‘Spotify of Insurance’, is the first product brought to market using the InsurTree platform. This groundbreaking use case demonstrates the platform's capability to integrate diverse insurance offerings into a seamless, user-friendly experience, tailored to the needs of a new generation of consumers. However, InsurTree’s vision goes far beyond SWINZ; the platform is designed to support a wide array of insurance products and models, offering insurers unprecedented flexibility and scalability.
Three pillars of the InsurTree business model: unlocking value for insurers
InsurTree’s success, as demonstrated by SWINZ, is built on three core components that provide insurers with a comprehensive, innovative solution for market entry, product development and customer engagement.
1 - Insurance design studio
• Tailored product development: InsurTree starts by deeply understanding market niche needs and transforming these insights into customized insurance solutions. This includes designing products, defining terms & conditions, pricing strategies and determining risk placements.
• User experience excellence: We prioritize UX and UI design and development, ensuring that every insurance solution is intuitive and user-friendly. This approach not only meets customer expectations but also enhances their overall experience, leading to higher satisfaction and retention rates.
2 - MGA as a Service (MGAaaS)
• End-to-end product management: InsurTree’s MGAaaS model handles every aspect of the insurance product lifecycle. From generating products to issuing quotes, binding policies, and managing mid-term adjustments, billing and dunning, InsurTree ensures a seamless process for insurers.
• Ecosystem integration: Our platform is designed for effortless integration with existing broker management systems, enabling insurers to operate efficiently without disrupting their current operations. This model drastically limits the impact of new product introductions, reducing risk while enhancing agility.
3 - Platform as a Service (PaaS)
• Smart contract-driven flexibility: The InsurTree platform leverages advanced smart contract technology to orchestrate and manage the entire insurance ecosystem. This flexibility allows for the administration of multiple lines of business within a single policy, significantly reducing the time to market.
• Scalable, multi-tenant solutions: InsurTree’s platform supports white-label products, multi-tenancy and multi-language capabilities, making it highly scalable to meet the diverse needs of insurers across different markets. Carrier integration is streamlined through API or traditional bordereaux, ensuring compatibility with existing systems and processes.
What InsurTree offers insurers: the benefits of a proven platform
InsurTree’s platform, validated by the success of SWINZ, provides insurers with a robust foundation for innovation. Here’s how insurers can benefit:
• Expand into new revenue streams: While SWINZ showcases the platform’s ability to reach the modern consumer, InsurTree offers insurers the opportunity to tap into the €350 billion embedded insurance market. This includes targeting gig economy platforms, shared mobility providers and real estate agents with tailored niche products, all supported by our adaptable platform.
• Reduce costs and increase agility: The InsurTree platform automates complex insurance processes, significantly reducing operational costs. This makes it easier for insurers to enter new markets quickly and efficiently, leveraging the same technology that powered the SWINZ rollout.
• Customizable solutions at scale: Building on the flexibility demonstrated with SWINZ, InsurTree allows insurers to define and operate innovative multi-line, multi-lingual insurance solutions. These solutions are customizable and scalable to meet the demands of B2B clients globally, providing insurers with the tools they need to respond to market demands.
• Integrated and multi-channel by design: Just as SWINZ leveraged multiple distribution channels to reach consumers, InsurTree ensures seamless integration with broker management systems and other distribution channels. This multi-channel approach enhances distribution efficiency and ensures a consistent experience across the board.
The InsurTree advantage: the innovation platform for insurers
InsurTree’s platform, as demonstrated by the SWINZ use case, is built to address the pain points of insurers, brokers and customers alike. By offering an end-to-end solution for product design, administration and distribution, InsurTree provides insurers with a proven path to innovation and market expansion. The platform’s flexibility and efficiency enable insurers to stay competitive while minimizing risks and operational costs.
Join us in shaping the future of insurance
InsurTree is not just a technology provider; it's a partner in innovation. By leveraging our platform, insurers can unlock new opportunities, reduce costs and deliver greater value to their customers. With SWINZ as the first proof of concept, InsurTree is ready to help insurers lead the way in the next era of insurance.
Partner with us: be part of the InsurTree growth story
As InsurTree embarks on its next phase of growth, we are currently in an active funding round and seeking new industry partners to join us on this exciting journey. This is a unique opportunity to be part of a proven platform that is already making waves in the insurance industry. Together, we can redefine the insurance landscape, delivering innovative solutions that meet the evolving needs of customers and drive substantial value for all stakeholders.
If you are an insurer, investor or industry partner looking to be at the forefront of insurance innovation, we invite you to connect with us.
Let's build the future of insurance – together.
SWINZ: A closer look at the ‘Spotify of insurance’
SWINZ, the flagship product of InsurTree, has been hailed as the ‘Spotify of Insurance’ for its innovative approach to delivering insurance solutions. By leveraging the InsurTree platform, SWINZ offers a seamless, user-friendly experience that caters to the needs of modern consumers. Here’s a deeper dive into what makes SWINZ a game-changer:
• Personalized insurance solutions: SWINZ allows users to customize their insurance coverage based on their specific needs and lifestyle. Whether it's travel insurance for frequent flyers or health insurance for fitness enthusiasts, SWINZ provides tailored solutions that resonate with today's consumers.
• Subscription-based model: Just like Spotify, SWINZ operates on a subscription-based model, making insurance more accessible and affordable. Users can subscribe to different insurance plans on a monthly basis, providing flexibility and convenience.
• Ease of use: SWINZ prioritizes user experience, offering an intuitive interface that makes it easy for users to navigate and manage their insurance policies. From signing up to filing claims, the entire process is streamlined to ensure a hassle-free experience.
• Data-driven insights: SWINZ leverages data captures throughout the process to enhance the user experience but also helps insurers better understand their customers' needs and preferences.
Industry recognition and awards
SWINZ has garnered significant recognition within the insurance industry for its innovative approach. The platform has been awarded multiple accolades, including the DECAVI Innovation award in Belgium and a Qorus silver innovation award, and was a finalist in the Promising Startup category at the Vivium Digital Awards. These recognitions underscore the impact that SWINZ is having on the insurance landscape and validate the effectiveness of the InsurTree platform.
Join the innovation journey!
InsurTree, with its flagship product SWINZ, is at the forefront of insurance innovation. By offering a comprehensive, flexible and scalable platform, InsurTree empowers insurers to reach new markets, reduce costs and deliver exceptional value to their customers. As the insurance industry continues to evolve, InsurTree is poised to lead the way, shaping the future of insurance with its cutting-edge solutions.
Join us on this journey as we redefine the insurance landscape and create a more inclusive, efficient and customer-centric industry. Together, we can unlock new opportunities and drive substantial value for all stakeholders. Connect with us today to be part of the InsurTree growth story.
