Coverhero launches embedded home insurance product Lucci
Sydney-based digital insurance manager Coverhero launched Lucci , an emerging home insurance offering with plans to offer embedded home insurance. “Powered by Cloud Cover and SUE (Smart Underwriting Engine), Cloud Cover is able to instantly answer questions on a customer’s behalf, from surrounding fire and flood risks to whether or not a property has a pool or trampoline.”
“Using 3-D aerial imaging and cloud-based technology, Lucci is instant and incredibly accurate, helping businesses scale-up and grow their customer base by fully digitalizing and embedding insurance. This product was designed to work towards the net zero emissons Paris Agreement. Every Lucci policy will offset at least 11 tonnes of carbon emissions, making it the first home insurance API to put decarbonisation at the forefront of its policies. I strongly believe the financial industry needs to empower consumers to spend their dollars on climate-friendly products. We’re keen to talk to more distribution partners in banking, real estate and the mortgage industry who can all leverage Lucci to deliver competitive advantage and improve customer experiences.” – Naby Mariyam, CEO and Founder of Coverhero.
Bottom Line: The program is in closed beta .