Embedding Insurance in digital lending, with Danielle Sesko of TruStage

Lex chats with  Danielle Sesko about insurance and
innovation in the fintech sector. They discuss the purpose of
insurance and why it exists, the structure of insurance
companies, the challenges of insurance innovation, and the
integration of insurance into digital lending platforms. Sesko
explains that insurance is necessary because most people cannot
sustain a total loss of their assets, such as their homes or
businesses. She also discusses the regulatory structure of
insurance in the US, which is regulated on a state-by-state
basis. Sesko describes the product she is working on at TruStage,
which provides insurance coverage for loans in the digital
lending space. The insurance is designed to protect both the
borrower and the lender in case of unexpected events, such as job
loss or disability. Sesko explains the technology integrations
between insurance and digital lending platforms and the economics
of the product. She also discusses the challenges and
opportunities in the insurtech industry.


 


MENTIONED IN THE CONVERSATION


 


TruStage's Website: https://bit.ly/3WibyC1


Danielle's LinkedIn: https://bit.ly/3XUZNmp


 


Topics: InsurTech, Insurance, Digital Lending, Lending, embedded
finance, embedded insurance, API, fintech


 


Tags: TruStage, Payment Guard, Lending Club, FDIC


 


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Twitter: https://twitter.com/LexSokolin


 


TIMESTAMPS


 


1’27: From Financial Consulting to Insurance Innovation: Danielle
Sesko’s Journey in Financial Services


 


4’58: The Role and Necessity of Insurance: Insights on Financial
Resiliency and Industry Structure


 


9’52: Innovation in Insurance: Creating Relevant Products and
Navigating Regulations


 


13’39: Navigating US Insurance Regulations: Engaging State
Regulators and Structuring Underwriting for New Products


 


17’59: Adapting to FinTech: How Established Underwriters Leverage
Experience for Digital Lending Innovation


 


20’48: Assessing the Rise of Digital Lending: Timing, Consumer
Preferences, and Regulatory Challenges in FinTech and InsurTech


 


27’39: Bridging the Gap in Digital Lending: Ideal Customers for
PaymentGuard and Their Unique Needs


 


31’21: Defining Digital Lending Coverage: Target Workflows and
Payment Flows for Embedded Insurance Solutions


 


34’36: Understanding PaymentGuard's Economics: Coverage Duration,
Cost Structure, and Value for Digital Lenders


 


37’42: Integrating InsurTech and Digital Lending: The Technology
and Processes Behind Embedding Insurance Solutions


 


40’11: The channels used to connect with Danielle & learn
more about TruStage


Disclaimer here — this newsletter does not provide investment
advice and represents solely the views and opinions of FINTECH
BLUEPRINT LTD.


Contributors: Lex, Laurence, Matt, Farhad, Mike, Daniella


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