Travel Insurance
Automated insurance event detection and instant payment to tourists bank cards.
Flight Issues
Liza purchases Travel insurance
Liza specifies her flight number
Insurion monitors Liza's flight in real time
If Liza's flight has not departed on time, then
Liza purchases Travel insurance
Once the Travel insurance purchased insurer sends Liza's data to API INSURION as well as travel product parameters, i.e term of insurance, duration of time franchize, amount and frequency of insurance payment and other.
ConnectLiza specifies her flight number
Knowing the date of travel insurance start Insurion sends Liza the SMS on behalf of insurer suggesting to follow the link and specify her flight numbers.
ConnectInsurion monitors Liza's flight in real time
Insurion gathers Liza's flight data from variety if sources figuring out its current status.
ConnectIf Liza's flight has not departed on time, then
Based on insurance product adjustments and gathered flight data Insurion makes a deceision whether insurance event happened. For instance based on one ajustments departure 3 hours after schedule treated as delay, based on other not yet.
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Lisa receives the instant payment on her card
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Lisa choses another convenient flight and Insurion books it.
Flight is cancelled
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Lisa reads the electronic claim application
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Lisa receives the instant payment on her card
Flight is delayed for 3 hours
Adverse weather insurance
Adverse weather insurance
Mary buys Travel insurance
Mary goes to resort
Insurion monitors weather during Mary's vacation
If the weather is not comfortable for the rest, then
Mary buys Travel insurance
The risk of adverse weather can be either the option inside Travel insurance as well as separate product distributed through OTA, Hotels web sites, Travel services.
ConnectMary goes to resort
When Mary had purchased the policy, weather parameters were fixed in it. Going beyond them will be considered an insured event. For each location and for each period during the year, these parameters are different.
ConnectInsurion monitors weather during Mary's vacation
Insurion gathers data from weather services, radars, satellites photos to get air and water temperature, humidity, precipitation, cloudness, pressure, wind speed levels.
ConnectIf the weather is not comfortable for the rest, then
If the current weather parameters reachs trigger ones Insurion fixes the insurance event. For instance the level of cloudness was higher than 70% for three days straight.
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Mary reads the electronic claim application
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Mary receives the instant payment on her card
There is no sun on the sea resort
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Mary reads the electronic claim application
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Mary receives the instant payment on her card
There is lack of snow in ski resort
insured event
for the client
on the clients cards
Underwriting
We can provide you with data for underwriting purposes and advise on what parameters are best for your product.
Connect
Automated detection of insured event
Our algorithms collect and process data from a variety of sources. Based on such data, the system makes a decision on the occurrence of an insured event.
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Online claiming process for the client
Our algorithms generate a secure link and send it to the insured client via SMS on behalf of the insurance company to photograph the documents and sign an electronic application for the insurance claim.
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Instant payment on the clients cards
We check the documents of the insured client and make instant payments to the cards of any banks.
Connect
Underwriting
We can provide you with data for underwriting purposes and advise on what parameters are best for your product.
Connect
Automated detection of insured event
Our algorithms collect and process data from a variety of sources. Based on such data, the system makes a decision on the occurrence of an insured event.
Connect
Online claiming process for the client
Our algorithms generate a secure link and send it to the insured client via SMS on behalf of the insurance company to photograph the documents and sign an electronic application for the insurance claim.
Connect
Instant payment on the clients cards
We check the documents of the insured client and make instant payments to the cards of any banks.
Connect