Description

Partner with subscription-based service providers (e.g., streaming platforms, fitness apps) to offer embedded insurance as an added value to their subscribers. This could include options for device protection, identity theft coverage, and personal liability insurance. It would enhance the customer experience and provide additional revenue streams.

Unique selling proposition

The unique selling proposition of this venture is the concept of embedded insurance for subscription-based services. By partnering with subscription-based service providers, the venture offers added value to their subscribers through options for device protection, identity theft coverage, and personal liability insurance. This approach stands out in the market by addressing the changing customer preferences and behaviors in the growing subscription-based services industry. It provides convenient and personalized insurance solutions that align with the needs and interests of subscribers, enhancing their overall experience.

Problem statement

The core problem that this venture aims to solve is the need for insurance products that adapt to changing customer preferences and behaviors in the subscription-based services industry. Traditional insurance sales processes can be expensive and have high customer acquisition costs. This venture addresses the problem by offering embedded insurance as an added value to subscribers of subscription-based services. It aims to make insurance more accessible and convenient for customers, tapping into a growing market and enhancing the customer experience.

Solution statement

The proposed solution by this venture is to partner with subscription-based service providers and offer embedded insurance as an added value to their subscribers. This includes options for device protection, identity theft coverage, and personal liability insurance. The solution addresses the problem by providing insurance products that align with the needs and interests of subscribers, enhancing their overall experience. It leverages the growing market of subscription-based services and the trend of embedded insurance to offer affordable, relevant, and customized insurance to customers.