THEINSURTECHVIEW ISSUE #6
COMMENTARY 22 The secret of a happy partnership
2021
Tech Nation’s Victoria Roberts explains how taking the Fintech Pledge will smooth the path for both incumbents and insurtechs
32 Ahead of the game What Mobiquity’s new study tells us about loyalty and the ‘young’
LIFE & HEALTH 4 Wealth in health Why Dacadoo Founder Peter Ohnemus believes data gathered via more digitally-engaged insurers could have flagged the COVID crisis sooner
9 Net gains How Vlot, ‘the Leicester City of the life insurance market’, got off the bench and started to play with the giants
13 Changed in a heartbeat When expats’ lives were upended by both politics and a pandemic, William Russell accelerated its digital transformation roadmap to help
NEW BUSINESS MODELS 24 The Pioneer spirit The head of Admiral’s new venturebuilding business on why the insurer wants to launch a fleet of startups
27 Rebuilding insurance Tigerlab believes ‘bite-sized’ cover is the future – but how to do it profitably?
30 Grr…eat to know you Bought By Many broke into the unicorn club this year, but it wouldn’t have been possible without faithful partners
OPEN FINANCE 35 The shape of things to come Fabrick explains what collaboration means Italian-style, and how insurance is benefitting from open finance
What value do we put on our health? Probably a lot more than we did just two years ago. Studies suggest that those of us who, pre-COVID, dragged ourselves out jogging or to the gym once or twice a week, have significantly increased our activity – by up to 88 per cent, according to one global survey. So, that’s the good news. The bad news is that most health and life insurers don’t have a clue who’s putting in the effort and who isn’t; who’s heading towards a lifestyle-related illness that’s likely to cost the insurer and the insured dearly. And they’re certainly not intervening to protect both wealth and health. As Peter Ohnemus, founder of Dacadoo, points out in our cover feature (page 4), ‘the key objective for an insurance company is to look after you’. And not just the individual, he argues, but all of us. If insurers had a better handle on data, they might even have helped flag COVID sooner, he suggests.
38 Infinite ways to bridge the gap
EXECUTIVE EDITOR Ali Paterson EDITOR Sue Scott ART DIRECTOR Chris Swales US CORRESPONDENT Jacob Bouer ONLINE EDITOR Eleanor Hazelton Lauren Towner PHOTOGRAPHER Jordan “Dusty” Drew
B3i is an industry initiative working to mutualise the benefit of distributed ledger technology. CEO John Carolin explains how it’s already creating real value in reinsurance
IDENTITY VERIFICATION 40 A global challenge Trulioo set itself a big task when it laid out its ambition to ensure everyone in the world can participate in the digital economy. Now that challenge seems more urgent than ever
49 Risk on the radar Why Florian Graillot, insurtech influencer and Founder of specialist venture capital fund AstoryaVC, believes the sector is a long way from reaching its full potential… and one pitchdeck he’d like to see
44 Spot on! Melissa pinpoints why geocoding technology improves customer service, reduces risk and improves efficiency for insurers
SALES TEAM Chloe Butler Tom Dickinson Karen Estcourt Serena Khemaney Shaun Routledge
FEATURE WRITERS David Firth ● Tracy Fletcher Rachael Harrison ● Martin Heminway Natalie Marchant ● Sean Martin Martin Morris ● Frank Tennyson Sue Scott
VIDEO TEAM Lewis Averillo-Singh Laimis Bilys Lea Jakobiak Daryl Kotze Douglas Mackenzie Laura Raimondi
Fintech Finance is published by ADVERTAINMENT MEDIA LTD. Pantiles Chambers 85 High Street Tunbridge Wells, TN1 1XP
Did you recognise last issue’s ‘spine tingler’? “In the end, you're measured not by how much you undertake but by what you finally accomplish” was by ex-US President Donald Trump
DLT 46 Reinventing the value chain
Chubb demonstrates how embedded insurance creates endless opportunities for large-scale insurers
THEINSURTECHMAGAZINE2021
There’s clearly a conversation to be had between us – the individuals who own that data – the companies we exchange it with, and state-backed organisations working to keep us safe. That raises lots of red flags to do with digital identity and data protection; how an open finance framework intersects with non-financial actors; how to make the partnerships necessary to deliver it work. And while you’re pondering all that, I’m off for a run with the dog. Sue Scott, Editor
ISSUE #6 CONTACT US www.Fintech.Finance news@fintech.finance DESIGN & PRODUCTION www.yorkshire creativemedia.co.uk
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Issue 6 | TheInsurtechMagazine
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