ZERO develops a white-label application programming interface that integrates tailored insurance solutions directly into digital platforms, enhancing user experience without requiring separate insurance contracts. This approach addresses the complexity of traditional insurance offerings by providing seamless, automated coverage that improves customer loyalty and increases conversion rates.
Funding
Funding not disclosed
Founders
Product
Problem
Subscription-based businesses face revenue losses when customers experience financial hardships such as involuntary unemployment or extended illness, leading to missed payments and potential service cancellations. Traditional credit checks offer limited insight into a customer's future financial stability, and pursuing legal action to recover payments can be costly and damage customer relationships.
Solution
ZERO provides a white-labeled payment protection solution that integrates directly into subscription platforms, ensuring consistent revenue streams even when customers face unexpected financial difficulties. Through an API connection, ZERO automatically processes customer data to provide embedded insurance services without requiring separate insurance contracts. The payment protection covers monthly subscription fees if customers are sick for more than six weeks or become involuntarily unemployed and receive unemployment benefits. ZERO manages compliance, claims, and payouts, allowing businesses to offer a worry-free subscription experience and maintain customer loyalty.
Target Audience
The primary target audience includes car subscription services, banks providing loans, landlords renting properties, and hardware subscription providers seeking to protect their revenue and customer base from financial hardships.
Features
- API-driven integration for seamless embedding of insurance services into existing platforms
- White-label solution that maintains the platform's brand identity
- Automated claims management with a 72-hour review and approval process
- Payment protection covering monthly subscription fees during periods of illness or involuntary unemployment
- Compliance with data protection regulations (e.g., German Data Protection Act (DSGVO))
- Flexible packaging options to suit various subscription models
- No health checks required for eligibility, making it accessible to a broader customer base