We partnered with a fintech company in India to offer Embedded Cyber Insurance policies along with security services like dark web monitoring and phishing checker for their customers. All users transacting via their platform got their digital funds covered against any cyber frauds which could've impacted them. This allowed us to raise awareness about personal cyber insurance amongst a larger audience, and provided a way for the fintech company to build additional trust with their customers- by offering them a cyber insurance cover.
Cross-industry collaboration is crucial for innovation in insurtech, exemplified by the partnership between Progressive Insurance and Zubie, a telematics firm. Zubie's device captures vehicle data like driving behavior and GPS location, allowing Progressive to refine its usage-based insurance products. This partnership enables Progressive to offer personalized premiums based on individual driving habits, moving beyond traditional underwriting methods.