An insightful article by George Kesselman of InsurTechAsia, who asks to imagine what would happen if InsurTech helped to make insurance into a utility, as easily accessible as electricity.
https://www.linkedin.com/pulse/insurance-utility-insurtech-catalyst-george-kesselman?trk=mp-author-card
September 23, 2016
June 19, 2016
It's hip to be part of insurance industry, Finally?
You might
not be aware of this, but apparently, if you work in insurance, you are
the new “cool kid” in the world of international development.
That's
because access to insurance was featured in the four major sustainable
development agreements that the United Nations concluded last year, and
development experts are waking up to the possibilities of insurance and
are eager to learn more, said Quentin Coolen, a U.N. official who now
hangs out with the cool insurance kids on the block.
Long
seen as burdensome or simply irrelevant, insurance now is being viewed
as a tool to help the world's poor deal with issues such as catastrophe
risk and climate change, and the experts who fashion and use those tools
are in demand.
Source: Businessinsurance.com
Insurance Innovation in Asia: 50 Shades and Beginning of a Love Story with Insurtech
An insightful post with a tongue-in-cheek title that analyses various models of innovation (50 shades) that exist in the universe of insurance and proposes a tailored combined model to achieve the highest effectiveness through a collaboration with insurtech startups.
It concludes that: "Love Is In The Air. Welcome To The Era Of Co-Innovation With Startups. Corporate innovation is a critical element of re-shaping the insurance industry to maintain its competitiveness. An effective hands-on collaboration with startups is the critical underlying theme of the innovation and a combination of innovation models is the best way to go to get us there."
Source: https://www.linkedin.com/pulse/50-shades-corporate-innovation-beginning-love-affair-george-kesselman
It concludes that: "Love Is In The Air. Welcome To The Era Of Co-Innovation With Startups. Corporate innovation is a critical element of re-shaping the insurance industry to maintain its competitiveness. An effective hands-on collaboration with startups is the critical underlying theme of the innovation and a combination of innovation models is the best way to go to get us there."
Source: https://www.linkedin.com/pulse/50-shades-corporate-innovation-beginning-love-affair-george-kesselman
June 17, 2016
Insurers urged to rethink customer strategies
"Significant
differences remain between the products that insurers offer and the
services that commercial insurance buyers need, but both sides say they
are working to bridge the gap.
One of the themes that came up during the Global Insurance Forum, held last week in Singapore by the International Insurance Society.
Source: Businessinsurance.com
In Southeast Asia in particular, sophisticated insurance buyers say their needs often are not met locally.
But
by making better use of available data, insurers say they should be
able to offer more relevant coverage and services to policyholders
everywhere."
One of the themes that came up during the Global Insurance Forum, held last week in Singapore by the International Insurance Society.
Source: Businessinsurance.com
May 25, 2016
AIG and Aviva offer motorists two-year insurance policies in Singapore
INSTEAD of paying annually for car insurance, vehicle owners these
days have a more unusual option - taking out a two-year policy, that is,
one with double the period of coverage generally extended to motorists.
This novel product is available from AIG, Singapore's No.3 motor insurer, as well as online insurer Aviva.
Read full article: Business Times
This novel product is available from AIG, Singapore's No.3 motor insurer, as well as online insurer Aviva.
Read full article: Business Times
May 24, 2016
Top10 Insurtech Influencer Representing Asia In The Global Insurance Innovation Community
You can find the links to influencer LinkedIn / Twitter together with other details on this popular InsurTech news website.
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May 19, 2016
InsurTech Futures: Aviva teams with digital accelerator in multi-million pound deal
Majority of insurers are actively experimenting with innovation models these days. Interestingly, Aviva is taking an approach of investing in Venture Builder Founders Factory.
"Aviva has announced a partnership with Founders Factory, a multi-sector digital accelerator and incubator, co-founded by Brent Hoberman, Henry Lane Fox and Jim Meyerle.
Andrew Brem, chief digital officer, Aviva, said: "Insurance and financial services has been stuck in a bygone, analogue era when it comes to engaging with customers - we believe it's high time to bring the industry into the digital age, for the benefit of customers and insurers alike."
Read more on: Insurance Age
"Aviva has announced a partnership with Founders Factory, a multi-sector digital accelerator and incubator, co-founded by Brent Hoberman, Henry Lane Fox and Jim Meyerle.
Andrew Brem, chief digital officer, Aviva, said: "Insurance and financial services has been stuck in a bygone, analogue era when it comes to engaging with customers - we believe it's high time to bring the industry into the digital age, for the benefit of customers and insurers alike."
Read more on: Insurance Age
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