Fintech One•On•One Wayne Slavin of Sure on building the technology rails to make insurance fully digital
People often say that technology in insurance is just five years behind other areas of finance. But the reality is the technology rails that have been built for payments, lending and deposits have taken decades of evolution. Insurance is different. There is no Plaid, Stripe or even ACH for insurance, and so we have a product that still relies on a human for the vast majority of transactions. But that is going to change.
My next guest on the Fintech One-on-One Podcast is Wayne Slavin, the CEO and Founder of Sure. His company is building the infrastructure needed to bring insurance fully into the digital age where people can buy insurance and make a claim all without needing to speak to a human. Today, their insurance products are being embedded into the offerings of fintech companies but Sure's goals go way beyond embedded insurance.
In this podcast you will learn:
- The interesting a-ha moment that led to the founding of Sure.
- What was missing in the insurance industry before Sure.
- Why the digitization of insurance has lagged other areas of finance.
- How Sure's embedded insurance product works.
- The really big difference between fintech and insurtech.
- The different types of insurance products they can offer today.
- What is involved for a fintech working with Sure to offer insurance.
- How they work with the insurance carriers.
- Some of the fintech companies they are working with today.
- How claims work with Sure.
- Why it has been important to connect the insurance and payment transaction.
- Why they launched Anywhere Insurance to speed up new insurance programs.
- What the future holds for embedded insurance.
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