HDI Embedded to provide extended insurance coverage to wefox & Wind Tre

credit: Shutterstock
credit: Shutterstock

HDI Embedded has announced it has been selected by Berlin-based insurtech, wefox, and Italian multi-service Wind Tre, to provide protection for household appliances and electronics. 

Leveraging wefox’s distribution platform and service solution, HDI Embedded will provide multi-appliance extended warranty insurance for household devices to Wind Tre customers. 

This includes extended insurance covering damages to household applications and consumer electronics, arising from failures or malfunctions after the manufacturer’s warranty expires, with costs from €4.99 per month.

Nelson Castellanos, Chief Partnerships Officer, International at HDI Embedded, stated: “We are thrilled to be working with wefox and Wind Tre as part of this important partnership for telecommunications and insurance alike.” 

“This collaboration lies testament to how digital insurance solutions are set to lead the insurance market in the new embedded finance era. The ability to tailor products and services is central to innovation and will improve the customer experience. 

“For businesses, the opportunities are just as prominent; by opening new revenue streams and increasing customer touchpoints, affinity insurance programs are now forming part of robust business strategies.”

The partnership comes shortly after Wind Tre launched its insurance agency, Wind Tre Assicurazioni, in which wefox was selected as a strategic partner to help select and integrate the best insurers to exclusively create innovative and easy-to-use products for its customers.

The process, enabled by wefox, has allowed Wind Tre to introduce a new offering to better support its customers with insurance solutions. As a result, customers gain greater coverage options. 

Fabrizio Scornavacchi, Segment Leader Telco, Utilities & Financial Services at wefox, said: “Within our affinity partnership strategy, we aim at selecting and integrating the best insurers for each product we launch. This is precisely what we are doing with HDI Embedded as part of the partnership with Wind Tre. This new offering marks yet another proof point for our distinctive wefox Affinity value proposition.

“We welcome HDI Embedded as a partner, as our teams speak the same language when it comes to the advanced and innovative technology for serving customers.”

Fabio Ariolli, Energy & Insurance manager of Wind Tre, added: “This strategic partnership is an integral part of both meeting and exceeding our customers’ expectations and providing best-in-class insurance coverage. 

“The purpose of the collaboration is to build and customise products to be closer and closer to families’ daily needs. We’ve already seen impressive success, and in February we will be enabling access to the product on-line too.”