MEXICO CITY, June 7 (Bernama-BUSINESS WIRE) — With the use of embedded insurance gaining greater global traction, AM Best notes that the role of regulation in protecting policyholders is critical and serves to encourage further acceptance of this distribution concept.
Embedded insurance coverage is developed by a carrier, but is distributed through non-insurance channels. It also is available across multiple markets, although it lacks common characteristics in terms of transparency, regulation and overall success. It often complements another product or service offered and has a limited insured amount.