Insurance distribution platform Kasko
The global transactional layer for insurance in the digital economy.
Launch date: 2016
Keywords: Insurance, Insurance Products & Services, SME, Technological Innovation
KASKO enables insurers to get exclusive digital access to customers where they shop, work, bank, etc. Think EasyJet and travel insurance, but across all personal lines and SME insurance.
To achieve this we
• offer an insurance API to quickly digitalise and integrate insurance products within websites and apps and
• support the flexible design of products for channel-specific customisation.
For our distribution partners, integration into the KASKO platform is incredibly easy, thus allowing them to instantly start cross-selling or offer insurance as an additional service, with hardly any resources spend. We leverage their existing customer touch-points, their trust, and client-data to make the insurance offer both relevant as well as convenient to obtain.
The platform is flexible, allowing multiple products from different insurers, in different countries, onto a variety of marketplaces/booking platforms/service companies. Due to the AWS micro-services architecture of the platform, it is highly scalable.
• Fast time to market
• Reduced opportunity costs
• High flexibility & ongoing product optimatisation through analytics
First integration went live February ’16. We have had 5 new integrations with a variety of partners since; insurers, brokers, marketplaces etc. We have 7 integrations planned for the next 8-10 weeks. As a team, we managed to reduce product launch time from several months to a few weeks.