The platform’s three new features provide Chubb’s distribution partners with access to Chubb-developed software development kits (SDKs) that enable the company’s partners to embed products and services natively within their apps, as well as the option to add products and services from other insurance carriers, third-party or non-Chubb companies.
Additionally, Chubb’s distribution partners will also have access to the Blink by Chubb experience, that previously was only available in the US.
Since the company launched Chubb Studio in 2020, the platform has been adopted by over 150 companies, including e-commerce, banks, retailers, mobility and other consumer businesses – providing these partner companies’ customers with digital access to Chubb’s consumer and micro-business insurance products.
Furthermore, Chubb has also confirmed that its digital distribution partners will also be able to access Chubb Studio SDKs on the platform. Created by Chubb developers, the SDKs will make the delivery of embedded insurance propositions easier and faster for partners.
Chubb Studio SDKs will be available for iOS, Android and Web, with functionality that includes user experience flows, backend APIs and security handshakes.
At the same time, the SDKs will also allow partners to use their own branding and styling to deliver consistent and unique insurance experiences to their customers.
Moreover, Chubb also announced that the Chubb Studio platform now supports multi-service partnerships, including ones with other insurance carriers.
This new capability provides partners with a single point of integration while facilitating transactions with Chubb or with other third-party back-office systems. Therefore, this will offer significant savings of time and expense for partners that want to offer their customers more choice.
“Chubb Studio has opened many doors to digital distribution partnerships across sectors and geographies, helping to drive growth and scale the footprint of our partner companies,” said Sean Ringsted, Chief Digital Business Officer at Chubb.
“These three new features will set the pace for others competing in the embedded insurance market. The integration technology and design-led approach provides our distribution partners with significant flexibility to embed insurance how they want and when they want, with even faster product launches. During every integration, we listened to our partners and designed this next iteration of Chubb Studio to not only exceed developer expectations, but also the expectations of customers.”
