Our platform is growing.
We wanted to provide the latest news and insights into how the company is launching its mission to advance the Embroker ONE platform: its universal application that uses artificial intelligence and machine learning to generate commercial insurance products tailored to specific industry needs. The platform will ultimately serve as a single destination designed for an expanding network of vertical-focused buyers to purchase the right coverage plan in just minutes from the source that best suits their business.
Embroker ONE expands coverage options for current customers by working with underwriting partners and leveraging machine learning and third-party data to develop plans tailored to a business’s specific risk profile. As the platform grows, coverage partners from Embroker’s branch network will be recommended directly to users.
Since announcing the technology platform in early 2023, Embroker has reduced the cognitive burden of purchasing insurance for users in underserved industries through a single-app experience. The platform’s single-app experience offers multiple coverages by eliminating redundancy and other sources of friction to help customers get the best policy faster.
The ONE by Embroker platform is designed to efficiently build holistic insurance programs for emerging and existing industries.It digitizes non-digital initiatives, integrates seamlessly with partner APIs, and creates digital application handoffs for industry players determined to maintain the status quo. Embroker recently expanded Law Firm’s ONE Platform Capabilities And more industry vertical products will be launched at the end of 2023 and 2024.
90 Day Reflection: Strategic Recruitment and Partnerships
Since Jennings became CEO three months ago, Embroker has also hired Gene Linetsky as chief technology officer (CTO) and Chris Spagnuolo as chief product officer (CPO). These key strategic hires focus on leading Embroker ONE’s technology and platform development as it expands into new industries and products.
Ben Jennings, CEO of Embroker, said: “Embroker will continue to drive technological disruption in the commercial insurance space, using cutting-edge technology, artificial intelligence, machine learning and big data to significantly improve the overall buying experience for customers.” Embroker ONE does just that. ONE provides an easy-to-understand, low-friction buying process that educates buyers while eliminating the unnecessary complexity of traditional insurance. Customers are offered one or more policies specifically tailored to their unique business needs. ”
In building a digital-first, customer-centric insurance experience, Jennings accelerates Embroker’s mission to eliminate legacy inefficiencies in the commercial insurance buying experience. Embroker connects businesses directly with their policies to better protect underinsured industries that are often overlooked by others and make it possible for them to better understand their risks and how to respond to them.
In his first 90 days, Jennings also completed two tasks Strategic partnerships with Dashlane and Cowbell, these are key advances in the development process of the Embroker ONE platform. These partnerships increase customer security through Dashlane’s industry-renowned cyber protection services and expand Embroker’s cyber liability insurance coverage by offering Cowbell cyber insurance to its growing library of policy options.