Tech at heart: Net Insurance to provide simple products and services to its clients using insurtech

The Insurtech Inside strategy and the digital innovation model that Net Insurance has placed at the center of its equity story since its merger with Archimede Spac, has taken shape in this first part of the year with an impact not only on the corporate technological infrastructure but also on its services and products.

The digital approach covers the entire corporate value chain and has developed into ever-higher quality and technological solutions, thanks to the partnerships that have been established over the past few months.

In December 2018 a strategic cooperation agreement was signed with Yolo – the first Italian group specializing in fully digital insurance brokerage services – through which event cancellation related products were launched on the market. In the second half of the year travel insurance and shared mobility products will also be launched. At the same time Net has begun its collaboration with Neosurance, a tech omnichannel platform integrated into Net Insurance value chain and a digital broker specializing in the distribution of Instant Insurance policies through mobile devices. The first products developed by Net with Neosurance in this area are related to community accidents in the wellness and sports area. Finally, the company has recently acquired a shareholding in MotionsCloud, a German insurtech company specializing in the claim digitization and automation process on behalf of Net, with the goal to optimize the entire claims, complaints, tracking and settlement related process, powered by AI computer vision.

“I am very proud of the work and partnerships that have been developed to date, contributing to our 360° digital company project”, stated Andrea Battista, CEO of Net Insurance. “This is only a first step towards the full strengthening of the company’s core business process through insurtech, which aims to create an open evolving platform, ready to seize the most interesting experiences available on the market, thus providing customers with ever more simple products and services, close to their individual needs,”
concluded Mr. Battista.

Matteo Carbone

Matteo is founder and director of IoT Insurance Observatory, Global InsurTech Thought Leader and Investor.
He is internationally recognized as an insurance industry strategist with a specialization on innovation. Matteo is author and world-renowned authority on InsurTech - ranked among top international InsurTech Influencers.

Matteo has advised more than 100 different players in ten markets around the world and has wide experience which includes set up of industrial and commercial plans, growth strategy definition and support in the start-up of new initiatives, digital strategy development, insurance products innovation, channel strategy and commercial model definition, startups mentorship and advice M&A deals.