Overview

Riskcovry RetailPro is a platform module designed to digitize and automate retail insurance distribution for retailers, fintechs and enterprise partners. It enables retailers and distribution partners to embed contextual insurance offers inside existing customer journeys, deliver one-click quotes, compare multiple insurer products, and issue policies in real time — all driven by APIs, configurable product management and automated workflows. The aim is to reduce friction for customers, speed time-to-market for insurers/partners, and remove manual work across quoting, issuance and basic servicing.

Features and Capabilities

• Distribution & Channels: Enables omnichannel distribution — attach insurance offers at point-of-sale, e-commerce checkout, assisted-sales and invisible/embedded journeys; supports DIY and assisted flows.
• Unified API & Integration: Exposes a single API layer to connect with insurers, payment gateways and partner systems; simplifies integrations for retailers and platforms.
• Configurable Product Manager: Create, configure and version retail insurance products (sachet and configurable bundles) with rules for pricing, eligibility and attachments.
• Quote & Compare: Real-time quote generation and side-by-side comparison across multiple insurer offerings to present tailored options to end customers.
• Instant Policy Issuance: Automated policy issuance and digital delivery so customers receive policy documents immediately upon purchase.
• Attachment & Bundling: Attach insurance to core retail products (e.g., gadgets, loans, purchases) and create pre-bundled offers for upsell at checkout.
• Compliance & Connectivity: Handles insurer connectivity and compliance controls required for distribution, with modular connectors to insurers and regulatory checkpoints.
• Agent & Assisted Sales Support: Workflows and UI elements for agents/assisted channels to sell, quote and bind policies on behalf of customers.
• Reporting & Analytics: Operational dashboards and exports for monitoring attach rates, conversion, premiums and partner performance.
• Case Management & Basic Servicing: Basic policy servicing flows (view policy, simple requests) and integration points for claims handover to insurers.
• Scalability & Multi-tenant: Designed for enterprise scale and multi-partner use cases — supports multiple distribution partners and white-labeling.
• Ecosystem & Use Cases: Suitable for retailers, payment networks, NBFCs and fintechs that want to offer micro / sachet insurance, product protection or loan-linked covers.