Vision
At Setoo, we believe that building protection solutions should be done by organizations that are the most highly trusted by consumers to care, understand and anticipate their individual concerns.
When it comes to creating tailor-made protection packages, B2Cs can safely promise and deliver an exceptional end-to-end customer experience
OUR VALUE PROPOSITION
With our strong insurance domain expertise, we support digital businesses throughout the product lifecycle-from ideation to production and integration- to offer an infinite number of protection packages at the most suitable price.
VALUE PROPOSITION FOR BUSINESSES
Businesses launching tailored Protection solutions will generate new revenue streams and increase on-line sales conversion. The power to stay close and tuned into consumer’ expectations helps businesses gain market differentiation, create higher barriers to entry for the competition and enjoy formidable reputation.
Adding protection coverage to new offerings usually takes months and it is a complex process. As a result, the take rate of standard insurance, such as travel insurance, is still very low, at an estimate of 5 to 7 %, according to industry sources.
By streamlining the customer engagement process with simplified insurance contracts, the overall take rate is expected to increase and positively impact the bottom line.
With our marketing oriented approach, we are able to help our customers define and deploy profitable and targeted protection products. The Setoo-based protection packages are quickly becoming one of the most innovative solution in the marketers’ tool box.
Fast-time-to-market
Cost-effective
Easy to implement
Predictability
Flexibility
VALUE PROPOSITION FOR CONSUMERS
The Setoo solutions enable consumers to finally know what their protection exactly covers and to be assured that their package protects them for exactly what they need.
Consumers will no more feel left alone to deal with issues occurring when consuming goods or services purchased online. The Businesses they bought from will provide all the support required with alternative offers and immediate refund without any long and cumbersome claim processes.
This Aha moment in time of need transforms a challenging situation into a truly unique and unprecedented delightful experience.
Easy
engagement
No need
to claim
Transparent
process
Full automatic
refund
Protection
at critical moments
VALUE PROPOSITION FOR INSURANCE
The most pressing and strategic challenges faced by insurers are expanding distribution channels and continuously creating new and compelling insurance products.
With Setoo, insurers get access to an endless amount of creative protection products processed on the Platform, as well as a very broad distribution network. Risk carriers also enjoy all of the exciting Insurtech business upside at a minimum operational burden and with no risk of fraud (consumers can’t affect the event resulting in loss).
By improving the loss ratio predictability, Setoo enables insurers to have a better control on the financial impact of the insurance products they are backing. To summarize, insurers can focus on carrying the risk with high level of precision and Setoo takes care of the rest including :
Product design
Distribution
Risk transfer
Event tracking
Situation management