Vertical Insure provides embedded insurance solutions tailored for various online platforms, enabling seamless integration of coverage into transactions across industries such as travel, events, and pet care. This approach addresses the need for customized protection products, enhancing customer trust while generating additional revenue for businesses without disrupting their existing processes.
Funding
$5.9M 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.
GRFounders
Product
Problem
Many online platforms lack integrated insurance options, forcing customers to seek coverage separately and potentially abandon transactions due to added complexity. Businesses miss out on revenue opportunities and the chance to build customer trust by offering relevant protection products directly within their platforms.
Solution
Vertical Insure provides a suite of embedded insurance solutions that seamlessly integrate into online platforms across various industries, including travel, events, sports, recreation, club memberships, property rentals, and collectibles. The platform offers a no-code integration that allows businesses to offer tailored insurance products directly within their existing checkout flows, enhancing the user experience and increasing conversion rates. By embedding insurance, Vertical Insure enables businesses to generate new revenue streams without disrupting their core operations, while providing customers with convenient access to relevant coverage options. The company's platform handles the complexities of insurance, allowing partners to focus on their core business while offering added value to their customers.
Target Audience
Vertical Insure targets online platforms and marketplaces across various sectors, including sports management software, event ticketing platforms, travel booking sites, property management systems, and e-commerce sites for collectibles.
Features
- No-code integration via API or SDK for rapid deployment into existing platforms
- Customizable insurance products tailored to specific verticals, such as registration cancellation for sports or travel insurance for booking platforms
- Automated offer placement optimization to maximize conversion rates within the checkout flow
- Partner dashboard for real-time revenue tracking and performance monitoring
- White-label options to maintain brand consistency and customer trust
- Comprehensive support from a dedicated team, including developer resources and marketing assistance
- End-to-end insurance lifecycle management, from quote generation to claims processing