We have a market with billion-euro problems. Specifically, €263 billion across the EU and €3 billion in the Czech Republic. That’s the current state of the insurance market – or more precisely, of non-life insurance GWP. So what exactly are the problems?
1. Insurance brokers have no unified interface for issuing policies – not even within a single country, let alone across EU member states. Manual processes are holding back overall market growth and conversions.
2. Insurers are missing out on business opportunities because of disconnected systems. They can’t integrate new partners quickly and at scale.
3. Taking out a policy currently takes tens of minutes. This time inefficiency creates friction in the customer journey, putting client satisfaction and retention at risk.
That’s why we at Verzuz came up with an API-first solution that gives you:
- a simple interface for multiple products/partners/markets
- instant policy issuance without having to change your processes
- simple B2B integration
- coverage not only across the Czech Republic, but also across the EU
- automation and scalability in just a few clicks
Last year, our partners – or rather their clients – took out policies worth more than CZK 1 billion through our comparison platform, while the time needed to issue a policy was cut in half, saving nearly €1 million – all within the very first year after implementation.
Thanks to its API-first approach, Verzuz has a solution for you too.
