Sales through a partner
A bank sells borrower insurance on its own website through the widget and the Partner API.
Situation
A bank wants to offer borrower insurance at the moment a loan is issued, without sending the client to the insurer’s website. The insurer needs to see which sales came from the bank and pay it a fee.
How it works in the system
- 01The insurer issues public and secret API keys to the bank with permissions for the required products
- 02The bank embeds the purchase widget on its page: the questionnaire and calculation come from the insurer’s builder
- 03For scenarios without the widget, the bank calls the Partner API: premium calculation, policy issuance in its own name, cancellation
- 04The client reads the key information document, and the acknowledgement is recorded with a timestamp
- 05The system notifies the bank of policy issuance, activation and cancellation through webhooks signed with HMAC
- 06The sale is attributed to the bank, and its fee is accrued under its commission scheme
Result
Insurance is sold where the client is already making a decision. The insurer sees the sales channel of every policy, and the bank receives contract events without manual registers.
Features in this use case
Embedded insuranceProfessional and Enterprise plans.
Consumer protectionAll plans.
Agents and commissionsAll plans.
Shall we show the system on your products?
We will build your product in the builder, take a policy from quote to claim and estimate the implementation cost for your lines of business and countries.