Share
Insurance Post Podcast
Could embedded insurance result in mis-selling?
In the latest Insurance Post Podcast, Sicsic, managing partner of Sicsic Advisory, said embedded insurance has been around for a long time with travel and white good, but technology has widened the range of types of cover that can be sold in this way.
However, he flagged that, with this type of cover, checks need to be made so consumers understand what they have purchased.
Sicsic said: “Do people really understand that they are purchasing an insurance product, and does it meet their needs?
“The classic issue we have seen over the years is having double cover. You are purchasing a new policy, but have it already covered in your main policy. I would call it mis-purchase. You mis-buy by not exactly understanding the cover you are getting, and then get a bad surprise at the point of claim.”
Sicsic is joined on the podcast by Matthew Connell, director of policy and public affairs at the Chartered Insurance Institute, who outlines the pros and cons of embedded insurance, and the steps to take to make sure seamless selling doesn't result in consumers sleepwalking into the wrong cover.
As well as being able to listen to the podcast by clicking on the player above, you can also download and keep this episode of the Insurance Post Podcast to listen to anytime, anywhere you want to.
To download the episode, go to your podcast provider of choice (Apple, Google, Samsung, Spotify, Audible, etc) and search for Insurance Post.
More episodes
View all episodes
How to ensure AI doesn’t take your job
15:35|Ian Simons, content and capabilities director of the Chartered Insurance Institute, said those without the skills to work with artificial intelligence are at greater risk of redundancy than those who know how to make the most of this technology.How insurers are helping the life science sector
15:44|Personalised medicines, weight loss injections, plus people bypassing doctors to access the latest miracle drug online are examined in the latest Insurance Post Podcast.Autonomous vehicle revolution shaking-up insurance
20:36|The potholes plus dirty road signs pushing the brakes on mass rollout of autonomous vehicles on UK roads are examined in the latest Insurance Post Podcast.What insurers should expect from Labour’s Budget
27:38|The impact tax changes in Labour’s first Budget in 14 years could have on the insurance industry is the focus of the latest Insurance Post Podcast.Dive In Special #2 Widening the doors for talent
16:50|Employee resource groups and widening the doors for talent played a huge part in making insurance a more diverse industry in the last decade, according to HR chiefs who took part in the latest Insurance Post Podcast.Dive In Special #1 Next decade of diversity and inclusion
19:39|What is required to make strides forward towards becoming a diverse and inclusive industry is tackled in the latest Insurance Post Podcast.Post Claims Club Podcast: Shift Technology’s George Robbins
09:31|In the first of a series of interviews with key figures in the claims space, Post content director Jonathan Swift caught up with Shift Technology’s new head of UK markets George Robbins.Why loss adjusting is not just a science – it is an art
23:57|While technology has created new ways of carrying out inspections, accessing information and communicating, how loss adjusters has managed to remain an art rather than simply a science is explored in the latest Insurance Post Podcast.How insurers can support menopausal colleagues
21:24|How menopause myths can be debunked, ways to help women going through this stage of life, plus methods to gain more male allies are outlined in the podcast.