Qorus Innovation in Insurance Awards 2024

Insurance Infrastructure-as-a-Service for Inclusive Insurance

Submitted by
premium
Q+
26/03/2024 Insurance Innovation

About

Revolutionize insurance: Our no-code system maps stakeholders, creating inclusive products for the underserved. Cut deployment costs by 70%, double efficiency, and slash insurance costs by 40%.

Innovation presentation

B4E Insurtech's Value Proposition

Problem Statement:

Insurance can be complex and costly, leaving many without coverage. This is especially true for those in underserved communities who struggle to access affordable insurance options.

Solution by B4E Insurtech:

B4E Insurtech provides digital tools to simplify insurance processes. Our platform enables insurers to create user-friendly and cost-effective insurance products tailored to underserved populations. By reducing the time and resources needed to develop new products, we empower insurers to expand coverage to those who need it most, without incurring high costs.

Uniqueness of the project

B4E Insurtech's software stands out for its innovative approach to simplifying and democratizing insurance. Unlike traditional insurance platforms, our software requires no coding expertise, making it accessible to a wide range of users. It offers a comprehensive solution that maps out the entire insurance ecosystem, from reinsurers to end consumers, ensuring seamless integration and efficient operation. What sets us apart is our focus on serving the underserved and uninsured populations globally, with specialized tools designed to create tailored insurance products that address their unique needs. By leveraging advanced technology and a partnership-centric model, B4E Insurtech empowers insurers to lower costs, increase efficiency, and reach previously untapped markets, ultimately driving positive change in the insurance industry.

Want to keep reading?

Become a Qorus member to get access to all our innovations

Interested in learning more? Speak to Boris, Qorus's Content Lead

Qorus has a library of almost 8,000 innovation case studies across critical areas like customer experience, sustainability, marketing & distribution and more that can be used to inform your decision-making.
Contact us

Related innovations

12/04/2024 Insurance Innovation

FNB Insure Retrenchment Cover

The FNB Insure Retrenchment Cover is the market-leading benefit of its kind. It offers customers cover that pays a monthly...

12/04/2024 Insurance Innovation

FNB Funeral Insurance Refresh - Towards Greater Financial Inclusion

Funeral insurance continues to be a crucial aspect of coverage for South Africans. The Funeral Refresh initiative enhances the product's...

12/04/2024 Insurance Innovation

Unlocking True Mobility with Flexible Vehicle Subscriptions and a Seamless Insurance Solution

Through Admiral Pioneer, Admiral Group’s venture building studio, Admiral has launched an API-first embedded insurance platform to enable automotive businesses...

12/04/2024 Insurance Innovation

GAMA - Generic Analytical Model Automation

Introducing GAMA - Generic Analytical Model Automation, the cutting-edge solution revolutionizing intelligent document processing for Fidelidade Group. Developed collaboratively by...

Related news & insights

Embedded Insurance
12/04/2024 Video

Empowering green mobility: Laka's vision for sustainable insurance with embedded solutions

Tobias Taupitz, the CEO and Co-Founder of Laka, drives his company's aspiration to become the world's leading green mobility partner....

Digital Reinvention
11/04/2024 News

Santander brings Openbank, Europe's leading digital bank, to the US

Scheduled for launch in late 2024, Openbank's success in Europe, serving over two million customers with its user-friendly platform, foreshadows...

Digital Reinvention
10/04/2024 Article

Swipe right: Here’s what banks need to know before choosing a fintech partner

Digital Reinvention Community at Qorus invited two banks and their fintech partner to share their experiences of working together.

Mobility
09/04/2024 Study

Driving forces: The interplay of financial services and the EV sector

The financial services sector and the electric vehicle (EV) sector are two dynamic realms undergoing a significant transformation in today's...