Embedded insurtech platform Embri has launched to supply built-in insurance coverage options appropriate for the high-end luxurious retail sector.
The Embri platform has the objective of revolutionising the way in which luxurious retailers present insurance coverage options to their clientele.
As well as, by integrating insurance coverage choices into the buying course of, whether or not on-line or in-store, Embri makes certain that clients have speedy protection on the level of buy, eradicating the necessity for them to depart the store or exit their properties unprotected.
Robert McCarthy, non-executive chair of Embri, stated: “The staff have spent over a 12 months in analysis and improvement speaking to luxurious retail manufacturers and insurers. Embri fills an important hole within the luxurious retail market by providing seamless insurance coverage options exactly when clients want them most. Our platform gives recent pondering, relevance, comfort and safety – enhancing the client expertise whereas concurrently unlocking new income streams for retailers.”
Craig Harper-Aston, Strategic Advisor at Embri, added: “Luxurious merchandise theft, significantly of high-value watches, is on the rise, but many purchasers stay unaware of their insurance coverage choices. Embri’s embedded insurance coverage gives a much-needed resolution, providing each retailers and clients the peace of thoughts they deserve.”
Simon Ball, director at Embri, continued: “Embri was developed with the patron entrance and centre. The loyalty shoppers really feel for luxurious manufacturers will be additional developed with this demonstrable dedication to high quality and safety. Our platform streamlines the insurance coverage buying course of, saving effort and time for each events, and delivering insurance coverage that’s hyper tailor-made to the posh merchandise being bought, and lively on the level of sale.
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“While the posh items market reveals resilience, theft of excessive finish watches continues to rise with it, and the growing significance of getting acceptable insurance coverage cowl in place to guard these purchases.”