London, UK, 8th November 2023 - Root Platform (Root), the low-code, API-first, end-to-end insurance technology platform provider, is proud to announce its first strategic partnership in the UK with Connect by Admiral (Connect), a subsidiary of the leading insurer Admiral Group.
Connect is an API-first embedded insurance platform, developed to make it easy for businesses to incorporate insurance solutions into their offerings. Businesses that launch an insurance offering through Connect can offer their customers finance and insurance protection for their product with one simple payment, embedded at the point of sale.
Connect is attracting strong interest from a range of businesses who are looking to deliver a more comprehensive and relevant product offering for their customers.
Louw Hopley, Co-Founder at Root, said: “We’re delighted to partner with Admiral Pioneer to provide the API connectivity architecture behind their innovative Connect platform. The early signs are very positive and we’ve received good feedback so far. Connect really shows the power of APIs in enabling innovative partner distribution and means companies can not only offer their products and services, but also insurance cover for them, meaning a turn-key service to customers. It makes the journey simpler for customers, helping them to build resilience and security into their product purchases, and makes the processes more streamlined for businesses.”
Russell Fisher, the CEO of Connect, added: “It’s only natural that when we buy something we care about, we want to make sure it’s protected. The best, and most convenient time to do this is when making the purchase. Embedded insurance makes this possible, offering customers the insurance they need, for the things that they love, at the point of sale.
The digital age makes it easier than ever to bring associated products together into a single customer experience, and working with Root has enabled us to deliver a plug-in insurance service for businesses looking to offer insurance cover for their products and services. Admiral Pioneer’s mission is to seed, launch and scale new businesses to grow and diversify the Group and Connect is a future-focused platform we’re immensely proud of.”
Root is an end-to-end digital insurance platform that enables you to launch new products and digital engagement channels fast. We package all the compliance, regulatory and reporting complexities behind easy-to-use APIs, allowing your team to focus on building great customer experiences.