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Home Affinity / Micro Insurance
Expert Affinity and Microinsurance Solutions for Global Markets
Affinity Schemes cover a wide range of insurance products and at Costero, we have expertise both in creating schemes for our partners that can add real value to an underlying business and in bringing Insurers and Businesses together to ensure that the right markets are used for each Affinity product. We can work on a worldwide basis, and our aim is to fully understand the underlying business model and how and why an Affinity insurance scheme will add value. We will then be able to work with partners on either a direct or reinsurance basis to create an effective scheme.
As each scheme is distinct in terms of the products and membership (insureds), we look at each project on its own merit and work with insurers to ensure a profitable and effective scheme for all parties.
We are increasingly seeing technology improve the customer experience for affinity placements and microinsurance offerings, and welcome the opportunity to work with InsurTech clients to assist them in identifying appropriate capacity and products available in the market.
Main Areas of Expertise:
- Gadget Cover – Theft, Loss and Accidental Damage
- Key Man Insurance
- Personal Accident Income Protection (including Gig Economy)
- Legal Expenses
- Kidnap & Ransom and Crisis Response
- Personal Cyber
- Travel Insurance
- Credit Card Enhancements (Warranty Insurance, Purchase Protection, Ticket insurance, and Collision damage waiver)
- Auto Affinity – GAP, Total Loss Protection, Anti-theft Protection, Auto Deductible Reimbursement, Tyre and Wheel, Satisfaction Guarantee
- Financial Protection – Mortgage Impairment, Mortgage Fraud, Lendors Single Interest, Unemployment
- Resilience Coverage fo Natural Disasters – covering financial losses following catastrophic events
Geographic Scope
Worldwide
Structure of Placement
Insurance (Single Risk or Binders), Parametric & Reinsurance
Our Experts
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Our expert knowledge of these product classes, combined with our passion and dedication to completely understand our clients’ business needs.