HDI Embedded, a subsidiary of HDI offering embedded insurance solutions, has embarked on a strategic collaboration with German insurance startup Wefox and Italian telecommunications company WINDTRE.
The partnership aims to provide comprehensive protection plans for household appliances and electronics, offering consumers peace of mind and enhanced coverage options, according to the Coverager.
This intention will see their extended warranty offering start at €4.99 per month.
HDI Embedded specialises in offering embedded insurance solutions, leveraging its expertise to provide innovative insurance products tailored to the evolving needs of consumers.
Wefox, a prominent German insurance startup, is renowned for its digital insurance solutions and affinity partnership strategies. On the other hand, WINDTRE, an Italian telecommunications company, has been focusing on expanding its services to include insurance products for its customer base.
The union between HDI Embedded, Wefox, and WINDTRE is driven by the shared goal of enhancing the customer experience and meeting the growing demand for extended warranty solutions in the household appliance sector. By combining their respective strengths and expertise, the companies aim to offer flexible and affordable protection plans that cater to the diverse needs of consumers.
The collaboration between HDI Embedded, Wefox, and WINDTRE marks a significant milestone in the insurance and telecommunications industries.
By leveraging the power of technology and innovation, the companies aim to redefine the way consumers access and engage with insurance products, ultimately enhancing customer satisfaction and loyalty.
Nelson Castellanos, Chief Partnerships Officer, International at HDI Embedded, stated, “We are thrilled to be working with Wefox and WINDTRE as part of this important partnership for telecommunications and insurance alike. This collaboration lies testament to how digital insurance solutions are set to lead the insurance market in the new embedded finance era. The ability to tailor products and services is central to innovation and will improve the customer experience. For businesses, the opportunities are just as prominent; by opening new revenue streams and increasing customer touchpoints, affinity insurance programs are now forming part of robust business strategies.”
Fabrizio Scornavacchi, Segment Leader Telco, Utilities & Financial Services at Wefox, commented, “Within our affinity partnership strategy, we aim at selecting and integrating the best insurers for each product we launch. This is precisely what we are doing with HDI Embedded as part of the partnership with WINDTRE. This new offering marks yet another proof point for our distinctive Wefox Affinity value proposition. We welcome HDI Embedded as a partner, as our teams speak the same language when it comes to the advanced and innovative technology for serving customers.”
Fabio Ariolli, Energy & Insurance manager of WINDTRE, added, “This strategic partnership is an integral part of both meeting and exceeding our customers’ expectations and providing best-in-class insurance coverage. The purpose of the collaboration is to build and customise products to be closer and closer to families’ daily needs. We’ve already seen impressive success, and in February we will be enabling access to the product on-line too.”
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