Duuo, a division of Co-operators, has unveiled an embedded insurance API for partner integrations.
Established in 2018, Duuo has become notable in the arena of embedded insurance, specializing in partnership distribution and crafting solutions for a range of sectors, including proptechs, fintechs, SAAS platforms, and event management booking platforms.
Designed to cater to the needs of Canadian businesses seeking to enhance the customer experience, Duuo’s API integration could transform the way users purchase insurance. By embedding the insurance purchase journey directly within the partner’s website, app, or platform, it provides a seamless and intuitive user experience.
The launch of Duuo’s Event Insurance marks the first product to be rolled out in this new embedded format. The service will provide event hosts with a unique opportunity to book a venue and secure event coverage concurrently, thereby eliminating needless complications and simplifying the entire process.
Underwritten by Co-operators, it offers a reliable coverage that clients can trust, says Steve Phillips, Executive Vice-President of Emerging Business Models for Co-operators.
“This new journey we’re embarking on rapidly expands our ability to allow our partners to grow and differentiate themselves in their own market, on their own terms,” Phillips remarks. “It also encourages Canadian businesses to think about how an embedded insurance solution can add value to their offerings.”
“We’re flexible in our approach and I think that’s the greatest value here,” he added. “We’re listening, adapting, and providing solutions that our partners and their customers will both benefit from.”
Designed to bridge the gap between insurance and our rapidly evolving digital economy, Duuo’s on-demand platform makes acquiring insurance easy.
Following Event, Duuo by Co-operators will launch their Tenant insurance API next, allowing platforms to seamlessly embed tenant insurance coverage into their existing user journeys, according to a statement from the company.
It’s another step toward their aims of making insurance uncomplicated, affordable, and digital.