Simply put, KASKO enables innovation. Through our agile product platform, we enable insurers to quickly design, deploy and subsequently iterate insurance value propositions to find product market fit without having to depend on IT-resources of the insurance partner. Thus by significantly reducing cost of implementation and iteration, increasing speed to market and creating an access platform for third party services, we create an innovation platform for insurers. Furthermore, starting from an API-framework products can subsequently easily integrated and tailored for various distribution partners such as marketplaces, booking platforms. Some use-cases include
– First European watch insurance with photo recognition AI (Baloise/Snapsure)
– First German test drive insurance within test drive booking flow on car marketplace (Barmenia/AutoScout24)
– First European insured used-car contract via car marketplace when creating a used-car contract online (ARAG/AutoScout24)
How do we do this? Our platform acts as a middleware where the entire customer journey is being hosted incl. 1) front-end, 2) quotation, 3) offer, 4) binding, 5) payments, 6) policy issuances, 7) policy storage and 8) possibilities to integrate relevant third party services (i.e. chatbots, credit checks, data provider etc.). The connectivity to the insurance policy system is done via 1) creating a dashboard link within a group contract with real-time policy access but hosting on our systems 2) using virutal agents and bot macros to simulate manual input 3) various export/import features limiting the requirement of the policy system to create a product and create/find customer.