Pattern offers an API-driven platform that enables online businesses to seamlessly integrate parametric and traditional insurance products into their customer journeys. This solution enhances the purchasing process by providing relevant insurance options at critical decision points, improving accessibility and increasing conversion rates.
Funding
$29M 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 online businesses struggle to offer relevant insurance products to their customers at critical points in the purchasing process. Integrating insurance options often requires complex coding and specialized insurance expertise, creating a barrier to entry. This lack of seamless integration can lead to missed revenue opportunities and lower conversion rates.
Solution
Pattern provides an API-driven platform that enables online businesses to easily embed parametric and traditional insurance products into their customer journeys. The platform offers a single integration point for various customizable coverages, including travel, accident, cancellation, damage, and weather-related insurance. Businesses can tailor insurance proposals to match their brand and customer needs without requiring coding or insurance expertise. By offering relevant insurance options at key decision points, Pattern helps businesses increase conversion rates and generate additional revenue streams.
Target Audience
Pattern's primary customers are online businesses, including travel agencies, hotels, airlines, ski resorts, ticketing agencies, event organizers, and technology platforms, seeking to offer embedded insurance products to their customers.
Features
- Single API integration for offering various insurance coverages
- Customizable insurance products and proposals without coding
- Global coverage options for travel, accidents, cancellations, damage, weather, and more
- Pre-built integrations for travel agencies, sports and activity management platforms, and technology platforms
- Real-time insurance offerings embedded directly into the customer journey
- Tools to manage and create insurance propositions without insurance expertise