Scaling Insurance Distribution with APIs
summary
UEX builds a cloud distribution platform focused on policy automation and distribution rather than claims, enabling insurers and intermediaries to plug in via APIs and reuse one generic product model across channels. Key claims: 40% of premium currently goes to non‑risk ops, insurers take six months to revamp pricing or T&Cs, and policy issuance can be cut to ~5% of premium by automation. Integrations cited include FWD connectivity and payment routing through Red Dot Payments to speed time‑to‑market.
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chapters (11)
- 0:00Introduction
- 2:38Scaling insurance with APIs
- 4:06Insurance value chain
- 6:35High costs and slow innovation
- 8:40APIs for cost and channels
- 10:23Scaling via platformization
- 12:31Policy automation
- 14:57Insurance in customer journeys
- 16:43Core insurance focus
- 19:36APIs for market opportunity
- 20:58Conclusion
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