Insurtech UK’s Post

📢 Looking forward to the upcoming InsTech event ‘More Production Less Exertion – Intelligent Underwriting Journeys', in London on 17th October. Register here: https://lnkd.in/dpGnriBE Our CEO Paul Prendergast and WTW Head of GB Affinity, Anthony Borgman will be talking with Robin Merttens about embedded insurance, our recent partnership and how we deploy complementary technology to enable vertical SaaS platform providers to access the Affinity Insurance market in a way they haven’t been able to up to now. 🚀 vSaaS platforms already deliver outstanding services to SMEs to run their day to day business operations. Working together, WTW and Kayna leverage platform data to completely change the insurance experience for platform customers. Prefilled-forms simplify the process, and trusted, real-time key insurance metrics data support the provision of right-sized insurance. Platforms can help to: ✅ minimise risk exposure for their customers and close the very real protection gap caused by underinsurance ✅ reduce the heavy paperwork burden on SMEs ✅ offer trusted, full-service insurance to their customers without needing to be insurance experts themselves. Interested? An action-packed agenda is promised, involving expert contributors - all focused on efficient and accurate ways of assessing, pricing and transacting risk. See you there. 👍 #insurtech #verticalSaaS #affinityinsurance #embeddedinsurance Peter Bermingham | Paul Lubbers | Jonathan McDonald ACII | Sophia Bhaumick | Callum Leat | Chris Gingell | Nick McCowan | Ella A. | Nabeel Tanveer | Matthew Grant | Susi Ozkurt

Insurity is excited to announce its partnership with Coherent to modernize insurance product management and accelerate migrations from legacy systems. This partnership will enable P&C insurers to rapidly launch new products, ensure product compliance and governance, and manage rating and rules with spreadsheet logic. "Coherent is thrilled to partner with Insurity and empower hundreds of P&C insurers to overcome the challenges of legacy systems and launch new products quickly,” said John Brisco, CEO at Coherent. “Our platform's ability to unlock business logic and seamlessly integrate with Insurity’s systems is just one example of how we simplify complexities for insurers at scale. Together, we’re delivering a powerful solution that reduces deployment times and operational costs and significantly enhances market responsiveness." To read the full announcement, please visit: https://lnkd.in/eX95sfiH #insurance #innovation #insurity

Zala Insurtech News: Virtuoso is a leader in software testing for the insurance industry - a service currently in huge demand. We caught up with their CEO, Derren Nisbet, to find out more The post ASK THE CEO:  Virtuoso’s Derren Nisbet is Our Latest Insurtech Leader in the Hotseat appeared first on Insurtech Insights. Read on below >> #insurance #innovation #insurtech

It's clear that the potential for growth and disruption in the global insurance industry is huge, but it won't come without its challenges. Navigating the regulatory landscape, adapting to different cultures and markets, integrating with existing ecosystems, and standing out in a competitive landscape will all be key factors in achieving success. It's a complex puzzle, but with the right approach and determination, InsurTechs have the power to reshape the insurance landscape for the better. #insuranceindustry #insurtech #insurancebroker #insuranceagents

Breaking news in the insurtech world: hyperexponential secures a massive $73m in Series B, setting the stage for a transatlantic expansion and a bold foray into the US market. Catching my eye isn't just the figure, but the strategic direction. It reminds me of the critical moves we made in my own journey, expanding the business overseas and tapping into uncharted market segments. hyperexponential's commitment to doubling its global team and enhancing its PDI platform, hx Renew, to meet the insurance industry's evolving challenges resonates with the need for innovative solutions in a world of growing risks. Let's discuss how technology is transforming traditional industries and what this means for future big players. What are your thoughts on the impact of PDI in insurance and beyond? #Insurtech #Innovation #FundingRound #hyperexponential https://lnkd.in/edMBcsHW

Insurtech CEOs prioritize openness and strong relationships with carriers. Insights from InsureTech Connect shed light on the traits insurtech leaders seek in selecting insurers for partnerships, emphasizing shared visions. https://hubs.la/Q02fgMVY0 #InsurtechCEOs #CarrierCollaboration #IndustryInsights #PartnershipTraits #InsureTechConnect

InsurTech: Empowering Customers in the Insurance Journey Traditionally, the insurance industry has been a complex and sometimes opaque system for consumers. InsurTech, the fusion of insurance and technology, is changing that narrative by empowering customers and fostering a more transparent experience. Here's how InsurTech is putting the power in the hands of policyholders: 🔹 Personalized Insurance Solutions: Gone are the days of one-size-fits-all coverage. InsurTech allows for customized policies based on individual needs and risk profiles. This can lead to fairer pricing and more relevant coverage. 🔹 Real-time Risk Management: InsurTech solutions can leverage data and analytics to provide personalized risk management tools. Imagine receiving alerts about potential hazards like home security vulnerabilities or upcoming weather events. 🔹 Simplified Claims Process: Filing a claim can be a daunting task. InsurTech platforms are streamlining the process with features like online claim submission, real-time status updates, and faster resolution times. By empowering customers with knowledge, personalized solutions, and a user-friendly experience, InsurTech is transforming the insurance industry for the better. Do you see InsurTech as a tool for customer empowerment? Share your thoughts in the comments below! #InsurTech #CustomerEmpowerment #FutureofInsurance

Experts to debate tech promise vs reality at seminar Executives from CGU and ZapCentral will face off at the Insurance News insurtech seminar on Tuesday for a debate titled Promise v Reality: Can Technology Really Change a People-Based Industry? ... #insurancenews #insuranceevents #insurtech

Innovative advancements in Insurtech are expediting the claims processing process. Discover more at BlockTelegraph. #Insurtech #ClaimsProcessing

Insurance-Edge.Net recently delved into the realm of low/no code platforms and their impact on the challenges associated with legacy systems. In a candid interview with Alastair Walker, industry experts shared their insights, shedding light on the future of insurance technology.   Craig Olivier, CTO of Genasys, emphasised a crucial trend: the realisation among insurers, brokers, and MGAs that digital agility, powered by low or no code capabilities, is key to swiftly launching innovative products. This awareness has sparked a paradigm shift, prompting insurance businesses to re-evaluate their technology strategies. Legacy systems, once considered the solution, are now being recognised as hinderances to progress.   Read what Richard Tomlinson (Percayso Inform), Simon Fenn (Pancentric Digital), Francis Martin (The Insurance Emporium), René Schoenauer (Guidewire Software), Rory Yates (EIS Ltd) and Richard Beaven (Academy Insurance) at https://lnkd.in/eGwqh8FB   #InsuranceInnovation #DigitalTransformation