Embroker, the digital platform that makes business insurance radically simple, recently launched ONE by Embroker, a universal application that uses AI and machine learning to create industry-specific business insurance products.
The streamlined procedure allows brokers and startup founders to acquire immediate quotations for a complete package of products by focusing on critical business information and eliminating the need for needless and redundant questions.
Business owners prefer a one-stop insurance shop so they can focus on running their company. Commercial insurtechs offer many kinds of coverage but no assistance with product selection. Founders and brokers may search numerous sites to find the correct risk management solution, and even then, the coverage may not meet their demands. Insurance agents spend hours shopping around for policies from different companies instead of providing value-added services to their clients. This is hard on businesses and doesn't make the most of the broker's skills.
Ben Jennings, CRO at Embroker, remarked, "Founders and business owners shouldn't be served a one-off, one-size-fits-all solution. When it comes to risk management, businesses need a strategic partner. To truly add value, insurtechs must provide a comprehensive suite of vertically-focused products that address all of their needs."
(Source – Business Wire)
He further added, "ONE by Embroker does just that. We provide a single-destination solution that replaces the traditionally complicated process through a universal application, generating quotes specific to the policies most appropriate for each business based on the broker or founder's inputs."
(Source – Business Wire)
As ONE by Embroker evolves to incorporate more policies for more verticals, the estimates will contain all of the coverage a firm requires, whether Embroker products are used or not. Embroker is revolutionizing the way businesses learn about, shop for, and buy insurance by launching the ONE by Embroker platform.
Jonas Edgeworth, CTO at Embroker, stated, "Leveraging our data science capabilities, we've created ONE by Embroker as a universal application that can synthesize and combine products — enhanced with third-party data at scale — to provide a tailored suite of coverage for our customers' needs."
(Source – Business Wire)
"Essentially, this new technology platform is our growth engine, allowing us to quickly launch new products into the market moving forward," he concluded.
(Source – Business Wire)
About Embroker
Embroker makes business insurance simple. It helps growing businesses save time and obtain the best coverage by combining technology and broker expertise. The company, a premier digital insurance brokerage, is transforming an $800 billion property and casualty (P&C) insurance sector. Headquartered in San Francisco, the company has offices in Chicago and Boston. Embroker has been named one of the innovators shaping the future of finance by Goldman Sachs and one of the world's most promising private FinTech companies by CB Insights.