Walnut Insurance provides an embedded insurance infrastructure that allows retailers and financial service providers to integrate a variety of insurance products through a single API or no-code solution. This enables businesses to enhance customer engagement and generate additional revenue by offering tailored insurance coverage without requiring prior insurance expertise.
Funding
$8.2M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Many businesses, particularly those outside the insurance industry, lack the expertise and infrastructure to offer insurance products to their customers, missing out on potential revenue streams and opportunities to enhance customer loyalty. Integrating with multiple insurance carriers and navigating complex compliance requirements can be a significant barrier to entry.
Solution
Walnut provides an embedded insurance platform that simplifies the process of offering insurance products by providing a single point of integration. Through a unified API or no-code solutions, businesses can seamlessly integrate a variety of insurance products into their existing platforms, enabling them to offer tailored coverage to their customers without needing in-house insurance expertise. Walnut handles the complexities of carrier integration, compliance, and broker support, allowing businesses to focus on their core operations while generating additional revenue and increasing customer lifetime value.
Target Audience
Walnut's primary customers are retailers, financial service providers, and other businesses looking to offer insurance products to their customer base without the need for in-house insurance expertise.
Features
- Unified API for integrating various insurance products, including personal and commercial lines
- No-code integration options for rapid deployment
- Access to a network of over 14 insurance carriers
- Full-service compliance and licensing support
- Multi-channel broker support for customer inquiries
- Customizable customer journeys that align with existing branding
- Dashboard for tracking customer enrollment and revenue generation
- Support for a wide range of insurance products, including mobile device protection, personal cyber protection, product warranties, and balance protection