Embedded Insurance
A plain-English definition from the DeployIT insurance technology glossary.
In short: Insurance offered inside another product's journey (a loan, purchase or booking) rather than as a standalone sale, typically via APIs. The global market is forecast to grow from $18B in 2026 to $68B by 2031.
Related terms
- Sachet Insurance
- Small-ticket, single-risk covers (e.g., daily hospital cash, trip cover) designed for high-volume digital distribution.
- Attach Rate
- The percentage of eligible transactions (loans, purchases) where the customer also buys the offered insurance.
- Unified Insurance API
- A single API abstraction over many insurer integrations, normalizing quotes, proposals, issuance and servicing.
See it in practice
See this concept working in software
DeployIT puts quoting, issuance, renewals, claims and commissions on one platform built for Indian insurance distribution.