This article reviews the best Embedded Insurance Platforms for Fintechs. The focus will be on how major players in this space have used insurance to integrate digital ecosystems. These services offer Fintechs the ability to embed insurance as a service offering in their applications, transactions, and payments.
These platforms ensure compliance, enable flexible insurance pricing, and offer an array of insurance options. Through the use of API’s and automated workflows, fintechs can provide on demand insurance protection, increase consumer trust, and create new sources of revenue in 2026.
What Is Embedded Insurance for Fintechs?
“Embedded insurance for fintechs” integrates insurance products into digital financial services platforms such as neobanks, payment apps, digital wallets, lending platforms, and personal finance apps. Rather than directing customers to an insurance provider, fintechs can offer insurance through their app or checkout process using insurance technology and APIs.
Fintech customers can quote, buy, and manage coverages and even initiate claims within the fintech ecosystem. Fintechs can offer additional income streams, and can retain customers while better serving their needs through the financial activities the customer engages in.
Why Fintechs Need Embedded Insurance in 2026
Improved Conversion Rates
- Insurers’ estimates suggest that embedded insurance improves conversion rates by up to 5 times over traditional standalone insurance.
- Embedded insurance offers when the customer is in the midst of making a purchase (i.e. buying a phone or booking travel) or when applying for a loan makes the offers more relevant and easier for the customer to accept.
Revenue Opportunities
- Fintechs are paid through commissions and/or referral fees from the insurers.
- Embedded insurance turns financial services transactions into sales of insurance, making every loan, payment, and checkout a potential sell.
- Fintechs’ revenues now extend beyond payment and lending services.
Trust
- Embedded insurance offers relevant protection to customers, such as protection against death for a loan and protection against loss of a purchased device.
- This protection helps fintechs to be seen as a provider of protection against financial loss, which goes beyond a protection of a financial transaction, by the customer.
Compliance
- In India, the embedding of insurance by fintechs is driven by the 2024-2026 Bima Trinity IRDAI framework.
- Compliance with the framework can be achieved by partnerships with corporate agents and/or brokerage firms, eliminating the need for a full insurance license.
Inclusion
- Insurance coverage in India is less than 10% of the population.
- Embedded insurance closed the gap of insurance coverage by using affordable insurance, such as travel insurance, which can be purchased for as low as ₹299.
Key Points
| Platform | Core Focus | Key Features | Best For |
|---|---|---|---|
| Qover | Embedded group coverage | API-driven distribution, claims orchestration | Fintechs embedding insurance into apps |
| Wrisk | Digital insurance products | Quote-to-issuance orchestration | Consumer fintech brands |
| bolttech | Device & lifestyle protection | Partner marketplace, claims automation | Mid-market fintechs |
| Loadsure | Freight & logistics insurance | Instant embedded workflows | Supply chain & trade fintechs |
| Hokodo | Trade credit insurance | End-to-end workflow integration | B2B fintechs & marketplaces |
| Igloo | Quote & bind orchestration | Strong operational traceability | Carriers & MGAs |
| Companjon | Journey-to-issuance orchestration | Policy outputs + claims handoff | Consumer-facing fintechs |
| Tint | Configurable API workflows | Eligibility checks, document-ready outputs | Fintechs needing flexible coverage |
| Majesco | Insurance core systems | Embedded policy admin + APIs | Large-scale fintechs & insurers |
| EPAM | Tech consulting + insurance APIs | Custom embedded solutions | Enterprise fintech integrations |
1. Qover
Qover is an insurtech platform based in Europe with the ability to provide API-based insurance integration for digital ecosystems. Qover’s solutions are easily adaptable to serve companies in the gig economy, the mobility industry, or the e-commerce sector.
Qover places Compliance & Regulatory Support in the center of its offer, ensuring that partners comply with local regulations. Flexible pricing adapts to the needs of the customer and is designed to be used in a pay-per-use model.
Qover’s insurance products range from motor to travel and health, adding flexibility across borders. Qover’s modular technology empowers companies to operate across borders without the burden of the old systems or infrastructure.
| Feature | Details |
|---|---|
| Founded | 2016, Brussels |
| Focus | Embedded insurance APIs |
| Compliance | Strong EU regulatory support |
| Pricing | Usage-based, flexible |
| Products | Motor, travel, health |
| Technology | Modular API integration |
| Market | Mobility, gig economy, e-commerce |
| Scalability | Cross-border operations |
| Differentiator | Seamless global insurance embedding |
2. Wrisk
Wrisk is an insurtech company based in the UK, focused on personalization of insurance through mobile apps. Customers can manage their insurance policies and dynamically change the coverage based on changes in their lifestyle.
Wrisk includes Compliance & Regulatory Support to ensure that its partners and insurers come under the FCA as well as other regulatory frameworks. Wrisk’s pricing is built on a transparent structure, and risk scores help customers know how the insurance quote is determined.
Insuring customers for their vehicles and their belongings is the core focus of Wrisk, though they offer more flexible insurance solutions.
| Feature | Details |
|---|---|
| Founded | 2016, UK |
| Focus | Personalized mobile-first insurance |
| Compliance | FCA-regulated |
| Pricing | Transparent, risk-score based |
| Products | Motor, gadget, lifestyle |
| Technology | Mobile app platform |
| Market | Consumer lifestyle insurance |
| Scalability | Adaptable coverage |
| Differentiator | Dynamic policy adjustments |
3. bolttech
Bolttech is an insurtech that uses its digital exchange to connect customers and insurers through channels for distribution and embedded insurance. Bolttech has a focus on the protection of devices and other embedded insurance and distribution technologies.
Central in Bolttech’s framework is Compliance & Regulatory Support, allowing for seamless coverage across Asia, Europe, and the USA. Competitive prices lean on data to support pricing that is as affordable as possible.
The insurance that Bolttech offers encompasses protection for devices as well as health and wellness insurance. With its framework of adaptive pricing and compliance and its focus on ease of use and a variety of insurance offerings, Bolttech has the tools to help insurers meet the needs of today’s digital and fast-changing business landscape.
| Feature | Details |
|---|---|
| Founded | 2020, Singapore |
| Focus | Global insurance distribution |
| Compliance | Multi-jurisdictional support |
| Pricing | Data-driven affordability |
| Products | Device, health, lifestyle |
| Technology | Digital insurance exchange |
| Market | Asia, Europe, US |
| Scalability | Cross-border embedded solutions |
| Differentiator | Largest insurance marketplace |
4. Loadsure
LoadSure is a U.S. based logistics insurance company using AI to instantly underwrite freight insurance. The company offers compliance and regulatory support to navigate transport insurance regulations. Hokodo offers flexible and competitive pricing based on the logistics risk and the value of the shipped goods.
Insurance offerings are tailored to cargo and freight liability logistics insurance and can be issued right away. Through automation LoadSure meets compliance and pricing demands while offering custom products geared toward global supply chains.
| Feature | Details |
|---|---|
| Founded | 2018, US |
| Focus | Freight & cargo insurance |
| Compliance | Transport & insurance regulations |
| Pricing | AI-driven dynamic pricing |
| Products | Cargo, freight liability |
| Technology | Real-time issuance |
| Market | Logistics & supply chain |
| Scalability | Global freight coverage |
| Differentiator | Instant digital cargo policies |
5. Hokodo
Hokodo Is an insurtech company based in Europe specializing in trade credit insurance and embedded financial services. Hokodo works with its clients to protect against the risks of non-payment while offering a buy now, pay later service.
Hokodo offers compliance and regulatory support in line with the regulations of the EU insurance and credit markets. Pricing is aligned to usage and risk exposure, with insurance offerings of trade credit and invoice protection as well as guaranteed payment embedded within financial services offerings.
Hokodo combines compliance and pricing flexibility with specialized products to help SMEs and enterprises manage financial risks while enabling secure trade and facilitating growth.
| Feature | Details |
|---|---|
| Founded | 2018, France/UK |
| Focus | B2B trade credit insurance |
| Compliance | EU credit & insurance laws |
| Pricing | Transaction-based |
| Products | Trade credit, invoice protection |
| Technology | Embedded financial solutions |
| Market | SMEs & enterprises |
| Scalability | Pan-European reach |
| Differentiator | Buy-now-pay-later for B2B |
6. Igloo
Igloo offers microinsurance products across digital platforms in Southeast Asia to safeguard against health, travel, and lifestyle risks. While active, Igloo offers support in Compliance & Regulatory. Igloo uses micro-based pricing, allowing its customers to buy small micro-insurance contracts for a range of high frequency exploitable risks.
Health, travel, gadgets, and other protection products are intended for emerging markets in Southeast Asia. Igloo aims to make insurance inclusive and accessible to the masses by integrating compliance and affordable micro insurance products.
| Feature | Details |
|---|---|
| Founded | 2016, Singapore |
| Focus | Microinsurance |
| Compliance | Regional regulatory adaptation |
| Pricing | Affordable micro-premiums |
| Products | Health, travel, gadget |
| Technology | Digital distribution |
| Market | Southeast Asia |
| Scalability | Emerging market penetration |
| Differentiator | Insurance for underserved populations |
7. Companjon
Companjon is the leader in real-time event-based insurance for digital ecosystems in Europe. Companjon’s offerings are built on a strong foundation of Compliance & Regulatory Support to meet the insurance needs of its partners while allowing flexible pricing to meet customer protection needs.
Companjon is built on flexible pricing, usage based insurance, and product protection elements for customer satisfaction and trust. Companjon’s protection products focus on trip related services such as cancellations and delays, and embed protection directly into the partner’s ecosystem.
| Feature | Details |
|---|---|
| Founded | 2020, Ireland |
| Focus | Event-driven embedded insurance |
| Compliance | EU insurance standards |
| Pricing | Usage-based |
| Products | Travel, lifestyle, mobility |
| Technology | Real-time event triggers |
| Market | Digital platforms |
| Scalability | Partner ecosystem integration |
| Differentiator | Instant contextual coverage |
8. Tint
Tint helps US-based digital platforms embed insurance into their products and services. Tint focuses on providing companies the opportunity to create their own unique customer insurance coverage. Compliance & Regulatory Support is incorporated in their API framework. It ensures partners comply with the US and international insurance laws. There is flexibility in the pricing model based on risk and usage by the customer.
Tint has built insurance products focused on the travel, gig economy, and e-commerce markets. Tint has a unique position in the market with the ability to support businesses in building unique insurance products while balancing regulatory compliance and pricing with product diversity.
| Feature | Details |
|---|---|
| Founded | 2018, US |
| Focus | Embedded insurance APIs |
| Compliance | US & global laws |
| Pricing | Flexible, usage-based |
| Products | Travel, gig economy, e-commerce |
| Technology | Customizable APIs |
| Market | Platforms & marketplaces |
| Scalability | Global partner adoption |
| Differentiator | Tailored insurance experiences |
9. Majesco
Majesco is a global cloud-based policy administration and distribution platform and digital transformation services company for the insurance industry. With a strong compliance and regulatory support offering, Majesco provides a range of services aimed at helping insurance companies adapt to business needs across multiple geographies.
Prices for these services are flexible and scalable, based on the requirements of large as well as small insurance companies. Animation of insurance products that include life, health, property, and casualty can be done using Majesco offerings over digital channels. Majesco helps clients modernize their operating systems to offer services and products with the flexibility of compliance, competitive pricing, and product support to outperform competitors.
| Feature | Details |
|---|---|
| Founded | 1982, US |
| Focus | Insurance technology solutions |
| Compliance | Multi-jurisdictional support |
| Pricing | Enterprise-driven |
| Products | Life, health, property, casualty |
| Technology | Cloud-based platforms |
| Market | Global insurers |
| Scalability | Large-scale enterprise |
| Differentiator | Digital transformation enabler |
10. EPAM
EPAM offers solutions for digital transformation, artificial intelligence (AI) and cloud computing. They help clients modernize their processes for implementation, underwriting, and claims. Through their offerings, EPAM integrates Compliance and Regulatory Support.
EPAM helps insurers use new technologies while meeting compliance standards. Prices are determined on a case-by-case basis, and services are customized for enterprise level needs.
Digital tools for efficiency install innovations for pricing and new product offerings. EPAM’s offerings help clients merge compliance, cost effective pricing and product innovation while supporting the usage of digital strategies. As a result, customers can maintain their regulatory obligations.
| Feature | Details |
|---|---|
| Founded | 1993, US |
| Focus | Digital transformation consultancy |
| Compliance | Industry-standard frameworks |
| Pricing | Project-based |
| Products | Health, life, property, specialty |
| Technology | AI, cloud, automation |
| Market | Global insurers |
| Scalability | Enterprise modernization |
| Differentiator | Tech-driven insurance innovation |
Insurtech Comparison Table
| Company | Compliance & Regulatory Support | Pricing | Insurance Products | Technology | Market Focus | Differentiator |
|---|---|---|---|---|---|---|
| Qover | EU regulatory compliance | Usage-based, flexible | Motor, travel, health | Modular APIs | Mobility, gig economy, e-commerce | Seamless global embedded insurance |
| Wrisk | FCA-regulated (UK) | Transparent, risk-score based | Motor, gadget, lifestyle | Mobile-first platform | Consumer lifestyle | Dynamic policy adjustments |
| bolttech | Multi-jurisdictional | Data-driven affordability | Device, health, lifestyle | Digital insurance exchange | Asia, Europe, US | Largest insurance marketplace |
| Loadsure | Transport & insurance laws | AI-driven dynamic | Cargo, freight liability | Real-time issuance | Logistics & supply chain | Instant digital cargo policies |
| Hokodo | EU credit & insurance compliance | Transaction-based | Trade credit, invoice protection | Embedded financial solutions | SMEs & enterprises | B2B buy-now-pay-later |
| Igloo | Regional adaptation in Asia | Micro-premiums | Health, travel, gadget | Digital distribution | Southeast Asia | Insurance for underserved markets |
| Companjon | EU insurance standards | Usage-based | Travel, lifestyle, mobility | Event-driven triggers | Digital platforms | Contextual instant coverage |
| Tint | US & global compliance | Flexible, usage-based | Travel, gig economy, e-commerce | Customizable APIs | Platforms & marketplaces | Tailored embedded experiences |
| Majesco | Multi-jurisdictional | Enterprise-driven | Life, health, property, casualty | Cloud-based platforms | Global insurers | Digital transformation enabler |
| EPAM | Industry-standard frameworks | Project-based | Health, life, property, specialty | AI, cloud, automation | Global insurers | Tech-driven modernization |
Conclusion
Qover, Wrisk, bolttech, Loadsure, Hokodo, Igloo, Companjon, Tint, Majesco, and EPAM provide insight into how insurance is becoming a digital, embedded, and customer-centric service.
Examples of company strengths include Qover’s modular APIs, Wrisk’s personalization based on lifestyle segments, bolttech’s international distribution, Loadsure’s AI-based cargo insurance, Hokodo’s trade credit insurance, Igloo’s microinsurance for developing markets, Companjon’s event-based insurance, Tint’s custom APIs, Majesco’s enterprise software offerings, or EPAM’s expertise in digital transformation.
There are three key aspects/areas/pillars which are common across all of these companies. These are: compliance and regulatory support, pricing to be customer-centric, and coverages which are customer-centric and lifestyle and industry-centric. With these pillars, these insuretechs are not simply redefining what insurance is within a traditional context. They are offering real coverage which is quick to bind and is seamlessly woven into the fabric of digital offerings and services.
FAQ
What industries does Qover serve?
Qover provides embedded insurance for mobility, gig economy, and e-commerce platforms.
How does Qover handle compliance?
It ensures partners meet local regulatory requirements across Europe.
What products are offered?
Motor, travel, and health insurance with modular APIs.
What makes Wrisk unique?
Its mobile-first platform allows customers to adjust coverage dynamically.
How is pricing determined?
Transparent pricing based on risk scores.