Root, the company behind the programmable banking account and card, has launched a new insurance service, which it hopes will disrupt the market with a fresh fintech approach.<\/p>\n
The insurance services are supported by MMI Holdings, and will provide developers, startups and brands with a platform to develop insurance products “in a matter of days”, offering consumers more choice and better value for money.<\/p>\n
According to the group, this is the first’ InsurTech’ platform of its kind in South Africa, and one of only a handful of such platforms globally.<\/p>\n
Much like its programmable cards<\/a><\/strong> and banking accounts, the Root Insurance serves as a platform for other groups to use to develop their own insurance products.<\/p>\n The platform gives developers a way to easily integrate policy issuing straight into a customer experience – be it through an an app, website or call centre – and handles various billing and collection methods.<\/p>\n The platform allows systems to integrate through its API, and it has experts on hand to help customers develop their products.<\/p>\n