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Published byKelley Haynes Modified over 6 years ago
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Insurtech in the insurance value chain of today and tomorrow
Lex Tan CEO & Founder MotionsCloud So now they fixed that you will have a 15 minutes speach. They would be happy if you spoke about examples from German (or Us ) markets of recent steps for digitalization as on telematic, data management, claims reporting and handling, blockchain, p2p and about what experience you or the German/US market has in cooperation with insuretechs.
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Lex – CEO of MotionsCloud
Insurances experiences: 5 years experiences as a claims representative in the P&C insurance industry Top 50 insurtech influencer IT experiences: Front-end software development Worked in Agilent technologies Worked in Fraunhofer Institute Entrepreneurial experiences: Founded 4 ventures in the past 1st 3 of them failed miserably Last one was a successful business till today
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Claims automation engine for insurance companies
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Damage and Claim notification
1 Call center Self-service for customer 2 AI pre-assessment with image recognition tech 3 Cash/repair settlement for customer 6 5 Automated Payment Automated categorization and Repair Pricing for claim manager 4 NO APP NEED TO BE INSTALL Live video inspection for claims manager & customer 5
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We are backed by US investor & Insurtech Accelerators
Some of our Clients Leading Eastern European P&C Insurer Chicago based biggest P&C insurer (US)
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Insurtech in the insurance value chain of today and tomorrow
So now they fixed that you will have a 15 minutes speach. They would be happy if you spoke about examples from German (or Us ) markets of recent steps for digitalization as on telematic, data management, claims reporting and handling, blockchain, p2p and about what experience you or the German/US market has in cooperation with insuretechs.
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Why Insurtech exist?
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Private & Confidential
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Changes in customer behavior and expectation
Omnichannel service 80% - immediate responses influence loyalty Customer feel more empower and expect you to be “listeing”
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In-efficient & costly operation
business complexity, operating model, IT landscape, and performance management
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Example of insurtech companies in the market across insurance value chain…
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Insurance value chain Full-stack insurtech insurer Product design
Insurtech company that operate as a full insurance company Product design Focusing on product specs, rate calculation, market launch Pricing & underwriting Risk analysis, risk selection, reinsurance Distribution Marketing, sales, distribution, channel management Admin & claims management Customer service, claims management Insurance value chain
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Full stack insurtech insurers
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Full stack insurtech insurers backed by re-insurers
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Insurance value chain Full-stack insurtech insurer Product design
Insurtech company that operate as a full insurance company Product design Focusing on product specs, rate calculation, market launch Pricing & underwriting Risk analysis, risk selection, reinsurance Distribution Marketing, sales, distribution, channel management Admin & claims management Customer service, claims management Insurance value chain
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Insurtech: Product Development
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Insurance value chain Full-stack insurtech insurer Product design
Insurtech company that operate as a full insurance company Product design Focusing on product specs, rate calculation, market launch Pricing & underwriting Risk analysis, risk selection, reinsurance Distribution Marketing, sales, distribution, channel management Admin & claims management Customer service, claims management Insurance value chain
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Insurtech: Pricing & underwriting
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Insurance value chain Full-stack insurtech insurer Product design
Insurtech company that operate as a full insurance company Product design Focusing on product specs, rate calculation, market launch Pricing & underwriting Risk analysis, risk selection, reinsurance Distribution Marketing, sales, distribution, channel management Admin & claims management Customer service, claims management Insurance value chain
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Insurtech: Distribution
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Insurance value chain Full-stack insurtech insurer Product design
Insurtech company that operate as a full insurance company Product design Focusing on product specs, rate calculation, market launch Pricing & underwriting Risk analysis, risk selection, reinsurance Distribution Marketing, sales, distribution, channel management claims management Customer service, claims management Insurance value chain
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Insurtech: claims management
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The future of insurance
Source: Everest Group 2017
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How traditional insurers prepare for the future?
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Do it yourself or collaborate with insurtech companies?
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Insurers-insurtech collaborations
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Commodity and competition
Speed to market Commodity and competition Learn fast, adapt fast
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Source: TECHTODAY
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New business model Private & Confidential
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Your competitors are searching for them
Private & Confidential
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Insurers are increasingly participate in insurtech investment
Private & Confidential
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Insurers are increasingly participate in insurtech investment
Private & Confidential
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Let’s work together to reshape the future of insurance!
Lex Tan CEO & Founder MotionsCloud So now they fixed that you will have a 15 minutes speach. They would be happy if you spoke about examples from German (or Us ) markets of recent steps for digitalization as on telematic, data management, claims reporting and handling, blockchain, p2p and about what experience you or the German/US market has in cooperation with insuretechs.
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Customer centricity focus & think out of the box
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