Dealing with your insurance company’s bottom line is like parenting a teenager: You worry a lot. And you have to keep an eye on it 25/7. It doesn’t have to be like that, though. There are two key factors you should work on to make your bottom line grow: Your cost of sales and customer convenience. And after reading this article, you’ll know how to do exactly that.
At Penni.io, we are passionate about customer journeys, data, digitalisation, etc. Our goal is to make Insurance more transparent and more accessible to everyone.
By Penni.io, 12 minutes read
Making insurance accessible for everyone, anywhere. One of Penni.io finest jobs is to do in-depth research and write articles about embedded insurance, customer behaviour and journeys, online distribution of insurance... and everything else in between.
Why Digital Embedded Insurance Is Key to Cut Down Your Acquisition Cost - Financial series, Volume 2
Dealing with acquisition cost is like dealing with a lockdown haircut: You want to cut it, but it's easier said than done. Maybe we can help you (with your acquisition cost, not your haircut). In this article, we give the value chain an upgrade to show you why digital embedded insurance can send your acquisition cost in a free fall, raise your technical result, and, oh well, future-proof your business.
With a little spoiler, the answer is: fortunately, not much!