How to Build an Embeddable Quote Form for Travel Insurance

Benefits of Embedded Insurance for Travel

Embedded insurance integrates coverage options directly into the buying process.

It provides a seamless, on-the-spot offer of protection that is tailored to the purchase. For the travel industry, embedded insurance simplifies the process of securing personalized insurance during the travel booking process.

The benefits of embedded insurance are clear both for clients and insurance providers:

For clients:

• Convenience and accessibility: Easy access to insurance during the purchasing process.
• Personalized experience: Tailored policies based on customer needs and preferences.
• Transparent offerings: Clear and straightforward terms, fostering trust.
• Simplified buying processes: Hassle-free purchase and claim procedures.
• Enhanced customer satisfaction: Improved user experience and value alignment.

For insurance providers:

• Higher conversion rates: Seamless integration leads to increased policy acceptance.
• New distribution channels: Extend reach through partnerships and embedded options.
• Improved Customer Insights: Gain a data-driven understanding of customer behavior and needs.
• Efficient Operations: Streamline operations and reduce administrative overhead.
• Cross- and up-sell opportunities: Strategic offerings based on the customer lifecycle.

Offering an interactive and customizable quote form directly on your website can transform how clients interact with your insurance products. While this tutorial focuses on building an embeddable travel insurance form, Openkoda allows you to create forms for any type of insurance (Watch our tutorials on Car and Device embedded forms).

Follow the steps below to create a dynamic quote form tailored to your business needs, or watch a video tutorial:

Step 1: Add the Basic Questionnaire

Start by creating the base of the form with the essential fields that you want to use:

• When are you traveling?
• Where are you traveling?
• Purpose of Travel
• Personal details

These questions help collect crucial travel details required for the insurance quote.

Step 2: Add a Selection Boxes for Coverage Types

Add selection boxes for coverage types.

This field gets values directly from your database. This ensures consistency.

In this example, clients can select from Bronze, Silver, or Gold packages.

But if you want to add a new product, like Platinum coverage, you can do it anytime thanks to Openkoda's endless customization options.

As soon as a new product is added to your database, this option will automatically appear on the form.

Dynamic integration with your database ensures the latest product offerings are always available, reducing manual updates.

Step 3: Add Premium Calculation Logic

Now incorporate dynamic premium calculation logic into the form.

This feature uses pre-defined formulas and variables to compute quotes in real-time based on the user's input.

For instance, it considers factors like travel dates, destination, and selected coverage type to instantly generate a premium estimate.

Offering immediate pricing information enhances transparency, improves clients satisfaction, and increases the chances of policy purchases.

[Watch also: How to Implement Quoting System with Flexible Pricing Calculation Rules]

Step 4: Add Validation

To ensure data accuracy, introduce validation rules. For instance, the system can verify travel dates to prevent submission of invalid information.

For example, in our travel quote form, the user is notified if they enter the wrong data section. In this way, data validation reduces errors and ensures smoother processing.

Step 5: Save Data Securely

Once the policy is filled, saved and confirmed, all details are securely stored in your database. This allows for easy access and management for underwriting or reporting purposes from your Openkoda policy management application.

Step 6: Send Confirmation Email

When the user submits the form on your site, a confirmation email is automatically sent to the user with a link to purchase the policy. This ensures that clients can complete their purchase quickly and conveniently.

Making personalized insurance easy to buy with just one click increases client satisfaction and leads to higher conversions.

Step 7: Finalize the Form

The form is finalized and fully operational, offering a seamless and interactive experience.

It includes key functionalities such as date validation, dynamic premium calculations, and automated confirmation email generation.

Such an embeddable quote form improves client satisfaction by providing a smooth and intuitive quoting experience. The form is ready to integrate into your website, reducing development time and allowing insurers to quickly meet customer needs and capture more opportunities.

Embed Your Travel Insurance Quote Form with Openkoda

In just a few simple steps, you can create a fully functional, embeddable travel insurance quote form with Openkoda. This solution is not only easy to integrate but also improves client experience, enhances operational efficiency, and increases sales potential.

Explore how Openkoda features can streamline your operations and provide the ideal solution for insurance businesses seeking innovative software and book a personal demo with us.