Problem

A large Nordic Insurer wanted to distribute insurances online by using existing partnerships with associate insurance intermediaries. Their challenge was that they did not have a digital platform for real-time price calculation and purchasing.

Solution

Penni.io was asked to provide the API-platform as well as setting up online pricing engine for selected commercial insurance products such as workers compensation insurance, liability insurance, business travel insurance and cyber insurance.

Result

The API-platform was designed to allow associate insurance intermediaries to easily connect to API's for real-time online insurance price and digital subscription with few parameters.

API platform for real-time online insurance price