This collaboration stands for bsurance’s mission: embedded insurance, which is relevant, simple, and fair.
Relevant-embedded insurance is offered based on a transaction related to travel, thus presented only to customers that might need such a product.
Simple- insurance policy documents are ready within seconds. Customers receive their confirmation as well as a personal ‘insurance card’ directly to their email.
Fair- if the cost of the short-term insurance is higher than the annual travel insurance offered by Tatra Banka, customers will be asked if they prefer buying the cost-effective option instead.
Digital Bancassurance – The Future is Near
Banks and Insurance companies have long embarked on their digital transformation journeys but the modernization of bancassurance is yet to follow. Our Whitepaper on Bancassurance aims to shed light on an awakening industry.
Lorenz Graeff, CEO and Co-Founder of bsurance, said: “The future of the insurance market is all about convenience for customers. This means easily accessible and understandable products which are presented at the ideal time and are quick and secure to purchase. We’re delighted Tatra Banka has selected bsurance to help build and test next-gen insurance solutions.”
Juraj Čief from Tatra Banka said- “Bringing innovations in a regulated field such as finance poses a great challenge for banks. We are happy that the cooperation with bsurance helped us to find a creative way to implement a new insurance product into our digital channels and outline a new possible approach for selling bancassurance products.”