3 minute read
www.fintechf.com Issue 6 | TheInsurtechMagazine
COMMENTARY 22 The secret of a happy partnership
THEINSURTECHVIEW ISSUE #62021
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.
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. 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
Sue Scott, Editor
38 Infinite ways to bridge the gap
Chubb demonstrates how embedded insurance creates endless opportunities for large-scale insurers
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
44 Spot on!
Melissa pinpoints why geocoding technology improves customer service, reduces risk and improves efficiency for insurers
THEINSURTECHMAGAZINE 2021 ISSUE#6
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
SALES TEAM
Chloe Butler Tom Dickinson Karen Estcourt Serena Khemaney Shaun Routledge
VIDEO TEAM
Lewis Averillo-Singh Laimis Bilys Lea Jakobiak Daryl Kotze Douglas Mackenzie Laura Raimondi
FEATURE WRITERS
David Firth ● Tracy Fletcher Rachael Harrison ● Martin Heminway Natalie Marchant ● Sean Martin Martin Morris ● Frank Tennyson Sue Scott
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DLT 46 Reinventing the value chain
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
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
