How to quickly launch an insurtech solution

A new age is on the rise in the insurance industry. The emergence of the Internet of Things (IoT) technology in most industries is also evident in the insurance sector. The market share of traditional insurance companies is at risk due to new technology-led players entering the field continuously. The newcomers make it crucial for the incumbents to start turning digital innovations into business opportunities instead of competitive threats and benefit from the possibilities of IoT technology.

With a growing technology-savvy customer base, it is now vital to embrace the IoT as a path to retaining an existing customer base, acquiring new customers, and lowering insurance payouts.

Get more information about insurtech solutions

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Take the first step towards the future

When making the decision to innovate an insurance business and adopting the IoT, the thought of building an insurtech solution from scratch might seem overwhelming. The fear of spending a large amount of time and capital on product development might even discourage companies from plunging into the opportunities of the IoT. Luckily, there are other and easier ways of getting an insurtech solution.
Onics offers insurance providers a market-ready, certified, and mature product platform ideal for customized insurtech solutions for private homes as well as commercial buildings. By using a fully developed, tested, and validated product platform, the time to market of an insurtech solution is shortened remarkably.

Take a look at different ways to get started with your insurtech solution

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Design your solution with the right features

With Onics’ product portfolio, a wide range of features suitable for insurtech solutions can be matched to the specific needs of the customers. Whether the intention is to detect leakages before they cause major damage, protect homes from fire, or monitor buildings and take action in case of break-ins, the right sensors and alarms are available. To connect the devices in the insurtech solution, the secure and reliable hub, Squid.link gateway, offers a high level of flexibility.

Find the right devices for your insurtech solution

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Customize the devices with your brand

It is vital for the customers to associate the insurtech solution with their insurance company in relation to strengthening their relationship and enhancing customer loyalty. All devices in Onics’ portfolio are white label products, meaning that you can add your brand and make them your own. You have the opportunity to customize both the design and packaging of the devices in several ways.

Explore your customization options