Integrating insurance solutions with PolicyDock’s modern API interface allows a business to develop a new revenue stream. The automated underwriting and powerful management tools make it possible for you to maintain precise control over your new revenue stream.
Read more about how PolicyDock recently helped an insurance carrier integrate and offer insurance into a leading mobility provider, launching its new product at a rate 4x quicker than expected, at a fifth of the estimated cost.
Challenge:
A leading mobility provider identified insurance as a key new revenue opportunity and wanted to offer insurance as part of their checkout process. Internal engineering estimates from the insurance carrier concluded that it would take over 6 months to implement the project. Projected fees and system upgrades made the project unprofitable.
Solution:
The insurer partnered with PolicyDock to integrate the product using PolicyDock’s clean, well-documented API library. Within weeks, PolicyDock deployed the white-label cloud platform and integrated it with the mobility application provider.
Results:
- Product was launched 4x faster than expected
- Costs 80% lower than previous internal assessments
- Both companies are able to use the native dashboard to monitor business results in real time
- Successful partnership generated substantial incremental revenue for both the mobility provider and the insurance company
Read more about how PolicyDock's insurance innovation can help carriers and underwriters here.