NEWS & OPINION
31 January 2020
COERT KNOETZE Managing Director, Snap-It Cover
How brokers can make digital platforms part of their value proposition
I
nsurTech is the current fourth industrial revolution, digitisation is the order of the day, computers are communicating without human intervention, and autonomous vehicles, microchip implants, machine learning robots, to mention a few, are all here to stay. We are living the reality of smart factories and a new dawn of technological innovations. At every conference, every broker breakfast we attend, every insurance magazine we open, InsurTech is mentioned. Conferences are being held around the globe, with InsurTech as the buzzword. Times are changing fast – even our strategic business partners are using apps and using virtual sales to complement their distribution channels. Trov’s platform is popping up all over the world, Hollard introduced us to Naked, while Compass and Bryte went fruitful with Pineapple and Granadilla, and Constantia came up with JaSure. What will follow next? Our own brokerages will become more proactive and less time will be wasted if we embrace the technology InsurTech is delivering. For the first time, technology will elevate revenue A TRULY GROUND- with relatively very little human BREAKING input required. OPPORTUNITY But that is on the HAS ARRIVED condition that you adopt the correct technology to enhance your expertise. The network of computers is a more efficient way to share information. The true power of Revolution 4.0 is upon us, whether we like it or not. A truly ground-breaking opportunity has arrived, a reality check in many ways, catering for the expectations of the “new” client. But speed is of the essence. The expression “first come, first served” has never been truer – our landscape has changed forever. How many insurers are there prepared to support your initiative? It is a short-term window of opportunity for insurers and brokers alike to
use digital platforms and make them part of their value proposition. Doing so will set them apart from the competition, thus creating a uniqueness in their offering. “Being out there from the start” needs no elaboration. Don’t be oblivious to the challenges, embrace them and optimise the offer with a proactive approach. Make this revolution your own. At Snap-It, we have captured the core of shortterm insurance, the offer, the service, the support and the promise we made. We have learned from practical involvement, we’ve been taught by our own mistakes and we’ve produced for you this amazing app. Snap-it is a white label app that can easily be changed to resemble any broker’s and insurer’s
look and feel – your own online app at a fraction of the cost. Insurance-on-the-go, on-demand… it doesn’t matter how you refer to it, it is insurance cover for when your client requires it. Your client can purchase daily, weekly or traditional monthly insurance – no more wasting premium where the risk is within your client’s ability to manage. We ventured out on your behalf, combined our experiences, summarised the intention of the competition, requested the input of many – and now we are ready to roll out and cater for the need. We are here to support you, not only in the supply of this awesome app but also as an alternative to the norm and one amazing business opportunity. Please see www.snapitcover.com and contact us at hello@snapitcover.com
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