Country: USAImage5
Year: 2015

Concept

  • Aiming to modernise B2B insurance, Embroker offers a policy aggregating platform and a technology-enabled broker service to boost user experience and efficiency for SMEs
  • Currently being tested on private beta, the platform is specifically designed to fit the needs of small businesses and give transparency over their existing policies (e.g. general and professional liability insurance, business owner’s policy, commercial auto insurance, workers’ compensation, etc.) by regrouping them onto one platform
  • Predictive needs analysis software then compares the relevancy of current insurance policies against the market and the platform recommends appropriate coverage with optimum pricing
  • SMEs can keep an eye on claims management via an interface which shows claim and payments statuses and monitors vendors’ coverage and certificates

Consumer Benefits

  • Time-saving: automated broker coverage is faster than traditional, manual broker services where coverage is subjectively selected by brokers
  • Transparent: across own insurance policies (prices, expiry date, claims processing) and how they compare to market rates
  • Zero broker fees: Embroker’s services are free for users and fees are collected from insurance carriers

How To Use

  • Currently in private beta, interested users can sign up online to test the platform
  • As of June 2016, Embroker has not yet set a public launch date

Illustration

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