We began our series on embedded finance with a discussion on embedded credit along with Anubhav Jain, co-founder and CEO of Rupifi. This week we take a look at another interesting and emerging area of embedded finance – Insurance !!!
Why does Insurance have to be always sold, and never bought? Embedded insurance is aiming to change the way insurance is distributed by embedding insurance in user journeys contextually. Riskcovry is helping usher this paradigm shift in India and is one of the leading insurtech companies. We caught up with two of the co-founders of Riscovry, Chiranth Patil and Suvendu Prusty in our latest episode. We discuss:
- Riskcovry’s background and business model
- Deep dive into how embedded insurance works
- Regulatory aspects of embedded insurance and challenges
- Typical commercial structure of embedded insurance
So tune in to learn everything you wanted to know about embedded insurance.
Timeline
00:00 Start
00:42 Episode introduction
01:50 Riskcovry background
09:17 Overview of Riskcovry’s model
19:10 Deep dive into Embedded Insurance
40:16 How claims work in Embedded Insurance
45:06 Regulatory aspects of Embedded Insurance
48:15 New products from Riskcovry
52:24 Riskcovry’s commercial model
59:02 How to get in touch with Riskcovry