FACILITATING CONNECTIONS BETWEEN CARRIER SYSTEMS AND DISTRIBUTION PARTNERS TO ENABLE SHORT-TERM POLICIES.

Our AI-powered solutions are built for high-velocity, short-term policies.

Short-term insurance policies are strategically attractive, yet operationally avoided. It doesn’t have to be this way.

Connecting Insurers

Through the JAUNTIN’ Platform

Resulting in new revenue channel for insurers and brokers

Our platform can compress product launch & scaling timelines by over 70%.

Our microservices can be mixed and matched to create a platform to meet each product’s objectives.

BUILT TO SCALE

Open up new opportunities by offering short-term policies

Automated Distribution/Underwriting

Less paperwork and more passive revenue

RISK REDUCTION

AI agents that find issues before they become an issue

What makes JAUNTIN’ special and why choose JAUNTIN’ for embedded and digital insurance?

  1. We focus on niche and underserved products.
  2. We provide various micro services that enable our partners to pick and choose where we can add the most value.
  3. We white label our platform to the insurers’ brands. We believe in leveraging the existing brand equity of our partners.
  4. We love insurance carriers, brokers and agents alike. Our platform is designed to be inclusive of all parties because we believe brokers and agents still provide a lot of value in the digital age.
  5. Not just tech. We bring large channel partners to the table as well.

What are the general steps taken to digitize an insurance product and get it embedded into a third party?

Without giving away too many secrets, here is a general outline of how things work with us.

  1. We work with insurance companies to identify insurance products that are ideal for embedding.
  2. Once the insurance products are identified, JAUNTIN’ digitizes the insurance products so they can be distributed on a short term basis (if possible) and quote, bound and issued 100% digitally.
  3. Once the product is digitized, we work with the third party partners to embed the insurance products the way it makes most sense.
  4. Once fully embedded and live, JAUNTIN’ manages the platform to ensure it’s running smoothly through constant monitoring, logging and infrastructure management.

Is JAUNTIN’ an insurance company?

No, JAUNTIN’ is a tech platform which partners with insurance companies to enable real time on demand and embedded insurance products. We automate the quote, bind and issue of insurance policies with a focus on niche areas like special events insurance, snow plow insurance, gig worker/freelancer products, and others.

What is embedded insurance?

Embedded insurance is like the French fries of a meal deal; offered as part of another transaction at the moment of need or just included in the product or service of a third party.

Below are some other examples:

  • Snow plow insurance that is included as part of a professional association’s membership fees
  • Event insurance that is offered at part of an online planning tool or rental agreement
  • Business insurance that is included as part of setting up a new business entity

Embedded insurance is ideal for insurance companies that have products that compliment third party products/services or the purchase path of third party platforms.

What is digital insurance?

The definition of digital insurance has evolved over the decades, from simply being able to compare prices on a website all the way to the ability to get an hourly insurance policy from your phone. At a minimum, for insurance to be considered ‘digital’ in this day and age, the insurance product must be able to be quoted, bound (user pays for it online) and issued (policy documents are sent to the user, usually via email) all digitally without the need to correspond with an agent, broker or personnel of an insurance company.

What are the benefits of digital and embedded insurance?

Accessibility – Digital and embedded insurance makes insurance products more accessible and affordable to a larger pool of the population that previously could not access or afford insurance coverage.

Cost Control – Digital and embedded insurance provides policyholders with more control, allowing the policyholder to better plan for insurance related costs and even tie insurance related expenses to planned/upcoming revenues.

Flexibility – Digital and embedded insurance enables insurance products to be more flexible instead of the traditional annual policy that doesn’t change throughout the year.

Speed – Digital and embedded insurance allows users to get coverage quickly, instead of having to wait weeks for coverage.

Who is digital insurance for?

In this day and age, there really is no reason that an insurance policy can’t be available digitally. To remain competitive, we believe insurance companies need to make their insurance product more accessible and more easily available.

What is digital insurance distribution?

Digital insurance distribution is the ability to fully quote, bind and issue insurance policies digitally over the internet. By allowing users to get insurance themselves over the internet, it significantly reduces distribution costs and enables more flexibility and accessibility of insurance products.

What does “quote, bind and issue” mean?

Quote or quoting is the ability to get a price or estimate for a type of insurance coverage from an insurance company.

Bind or binding is the confirmation that a policy is bound and in force by the insurance company, which involves a payment of premium or an agreement to pay the premium in the near future.

Issue or issuance is when the insurance company issues (or sends) the policy documents to the policyholder, usually via email alongside the binding in real time.

Which kind of insurance products pair best with JAUNTIN’s platform?

JAUNTIN’ can work with almost any type of insurance product, however we have focused on niche products. Niche products we have experience with include: Travel insurance, snow plow insurance, special events insurance, dog walker insurance and others.

If we work with JAUNTIN’, will we still be able to market our product under our brand?

Yes. JAUNTIN’ only white labels its platform and have no intention of becoming a customer facing brand. We believe the best way forward is to leverage the existing brand equity of our insurance partners, brokers and agents.

What is Insurance-as-a-Service (IaaS)?

When it comes to digital and embedded insurance, insurance-as-a-service is when an organization provides an easy to implement insurance solution to another organization that traditionally wouldn’t have insurance expertise.

How will my claims teams access the policy information on the JAUNTIN’ platform?

Insurance companies are provided with a customized portal which allows for easy access to policy holder information, alongside the ability to cancel/edit policies, manage agents/brokers, and resend policy documents to policyholders.

On demand/digital event insurance. What’s that all about?

If you would like more information on special events insurance in the U.S., please see this page.

I’m a gig worker in the U.S., what do you have available for me.

You can secure a standalone health benefit plan via BasiCare Plus.

If you are an individual or freelancer, you can see a list of business types that you can get coverage for here.

What is TULIP insurance and who should get it?

TULIP stands for Tenants’ and Users’ Liability Insurance Policy that provides special event liability coverage. It is used by venues that allow and/or rent their facilities to third parties for special events. Events may range from low risk events such as business receptions and meetings, or weddings to high risk events including festivals, sports events, or concerts.