Putting brokers at the heart of Insurtech Technology moves fast. Who would have thought a decade ago that we would be shunning our computers in favour of high-tech tablets and super fast smart phones? Yet today the thought of running your business solely through a desktop computer in the corner of the office seems like an idea from another era.
Newer vehicles driving repair costs In Crash Course 2016, we explored the impact of a changing vehicle fleet on vehicle repair and total loss costs. In this article we’ll look at some of the most recent data on vehicles being sold and driven in the U.S. and how that is driving costs within the automotive claims and collision repair industries.
Six startups initiate their journey with Swiss Re as part of InsurTech accelerator programme Swiss Re is excited to announce the names of the six startups, who made it to the first batch of InsurTech accelerator programme. Three technology themes identified for the programme include, Internet of things (home, industrial, health and motor), Systems of engagement (innovative distribution channels and models, digital assistants/ Robo advisors etc.) and Smart analytics (application of deep learning and machine learning across insurance value chain).
Surge in InsurTech start-ups aimed at customer service Insurance companies are benefiting from an influx of new technology and are focusing on how new insurtech products can redefine the way they interact with customers. 75% of incumbent established insurers believe the biggest impact to the industry will come from building new products in order to address the changing needs of the customer. Incumbents see these new products as an opportunity to redefine customer interaction.
Insurtech futures: start-ups focus on customer relationships InsurTech start-ups are focused on developing better customer relationships according to a report by consultancy PwC and tech accelerator Startupbootcamp. The report, based on 1.300 global start-ups, showed that over one third (35 percent) of start-ups are focused on customer relationships and how to improve them.
The future of car ownership that no one is talking about It has never been more clear that transformational change to one of the world’s largest industries is just around the corner. Car ownership is supposed to change — and when it does, it is predicted to be one of the most monumental displacements of wealth the world economy has ever seen.
Is insurers' shift to customer experience enough of a tech transformation? It’s hard to think of an industry that hasn’t experienced at least some disruption by digital innovators. Customer habits are changing, the way customers consume products and services are changing and traditional barriers for new companies to disrupt existing business models have fallen.
IT-Trends 2016 for the insurance industry Those who identify the potential of new technologies, trends and technological progress at an early stage have a competitive advantage and build the foundation for innovation. Constantly increasing technological complexity is leading to a growing number of areas that are relevant for our company to keep an eye on.
Insurtech Startup Quilt Raises $3.25M Quilt, a Boston, MA-based insurtech startup focused on renters, raised $3.25m in seed funding. Backers included NextView Ventures, Eniac Ventures, Founder Collective, Basset Investment Group, Titan Partners, and some angel investors. The company will use the funds to launch the platform and expand nationally.
Why Roost’s New Smart Water and Freeze Detector Matters to Insurers Roost first came on the scene with its Roost Smart Battery, a “smart home” smoke and fire detector. The company recently launched Roost Smart Water and Freeze Detector, which follows the original device’s pattern of being an affordable measure for reducing risk in the interest of both consumers and insurers.