Weekly News Roundup – 30th April

For those of us lucky enough, we have a Bank Holiday weekend to look forward to. So, to keep the brains ticking over during this extended break, I have found a couple of podcasts/webinars in which experts from EY, Zurich, Majesco and more delve into the trends surrounding digital ecosystems and what this really means for product development, business models and the distribution chain. In other news, and I am sure we shouldn’t be too surprised, forget credit cards and cheques, AXA Switzerland is now allowing customers to pay premiums in bitcoin. Now where’s that wallet of mine…

Reaping rewards of digital ecosystems in insurance (Source: EY/WSJ)
EY and Alchemy Crew discuss how customer expectation is dramatically changing the fundamentals of insurance and how tech is enabling a smooth transition. Understand why insurers should be evolving their business model before their operating model, how products can be made inherently simple for the customer and how a ‘segment of one’ can be achieved.

The digital future, insurance and digital ecosystems (Source: SVIA)
Get the lowdown on what customers are expecting from their interactions with the insurance industry, what product models will be gamechangers and where the ecosystem opportunities are.

Insurance giant, AXA Switzerland now allows customers to pay premiums in bitcoin (Source: Insurtech Insights)
Although only for non-life products the company says it was their response to “growing demand from its customers for alternative payment solutions”.

Global insurtech investment hits record $2.55billion in Q1 (Source: Reinsurance News)
Willis Towers Watson’s latest findings show that 2021 has kicked off with a bang for insurtechs with a 180% increase in investment compared to this time last year. Next Insurance, Coalition, Zego and Pie Insurance are just some of those who benefited from the larger funding rounds.

A new era: how technology is changing the way we manage claims (Source: Insurance Business Magazine)
Fascinating insight into how technology, such as satellite imagery, is improving the turnaround time of claims.

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