About STP

STP Risk Services, LLC, along with our brands Micro Insurance and NoQuibbles™, follow the concept of Straight Through Processing (STP) to create transactional insurance products for sharing economy insurance, GIG economy insurance, and for our own micro insurance products. Our services and products are for platform and tech lead national and global businesses.

Micro Insurance at 2017 Brokerlink Conference

We are a young business, yet we have 20 years of experience in developing innovative insurance products and processes. The founders first met in 1999 developing Cyber Insurance in the USA and lead the way with cyber insurance at this early stage of both the internet and insuring internet business. Innovation in insurance needs a deep knowledge of insurance and technology to get anything done. STP has bucket loads of both, this knowledge enables change to happen and for us to support our clients fully through the program building process. We bring Insurance with an API.

Straight through processing increases efficiency, decreases pricing and enables global processes to be implemented speeding everything up. STP represents a process, technology is deployed and insurance products are developed and priced to suit the ‘new’ businesses of today.

We use low-cost infrastructure, lean development to expand and create social good. We will lead new initiatives in Micro Insurance and Sharing economy Insurance in developing communities. In conjunction with non-profits in the Micro Lending sphere, we will offer continued economic sophistication to those ready for the next step: Insurance.

Finally, and in some ways most importantly, we are constantly developing and investing in our tech. Our focus is to make the claims process simple and the key focus of the process and the products. Most insurance products that people buy do not end up in a claim, which is a good thing, and the bed rock of the insurance model. However, when a claim is made this often leads to protracted issues and the claims process leading to a bad feeling, and this contaminates the whole of the industry. We are changing this with our NoQuibbles™ process in which we develop products with straight through process built in.