The insurance industry has traditionally been known for its slow, manual processes. But with the advent of new technologies, there is a growing trend towards digitisation and automation in the industry. In South Africa, underwriting management is undergoing a digital transformation, and new technology in the market disrupts the way things are done. Automated Underwriting […]
What is payment technology? Payment technology is a system that digitally coordinates financial transactions between two parties using APIs. This is referred to as an electronic payment which can be facilitated via Payment Service Providers (PSPs). What is a PSP? “Payment service providers are an important part of the payment ecosystem. For any business that […]
Allianz, one of the world's largest insurers with a century-long foothold in Africa, has joined forces with Sanlam, the continent's largest non-bank financial services company. The alliance will enable Allianz and Sanlam to combine their existing and future operations in 29 African countries, becoming the continent's largest non-bank financial services provider. By merging Sanlam's expertise […]
In this interview, Rahul Khajuria, Vice President of Kotak Mahindra Life, talks about the full-stack Briisk Instant Transaction Platform. Kotak Life successfully introduced an innovative on-demand micro life insurance in rural India, to promote financial inclusion in emerging markets. We spoke with Rahul Khajuria, Vice President of Kotak Mahindra Life, about how they used the […]
InsurTech firms are having a transformative effect on the insurance industry. Studies show that at least 86% of insurers think their revenues will be at risk from future technological disruption – and perhaps nothing demonstrates this better than the rise of game-changing InsurTech. So what caused the rise of InsurTechs? And why was it essential? […]
This interview with our founder and joint CEO Hanno van Aarde is about the challenges that brokers face in the digital age and solutions to bring about digital transformation. We are especially looking at how due to the COVID-19 pandemic and the ensuing lockdowns the modern insurance broker has to find digital ways of how […]
The topic of ‘Life Insurance Distribution’ quite possibly conjures up stereotyped images of an overly cheerful and persistent door-to-door salesman in your customer’s minds and may even bring about feelings of dread and confusion. Like it or not, the adage remains true: Life Insurance is a product that is sold, not bought. In the past: […]
UK-based InsurTech Briisk has launched a new version of their Briisk Instant Transaction Platform (ITP). To celebrate the launch, Briisk recently announced the new V2.2 release via a live webinar, presented by Joint-CEO Chas Simpson and Head of Client Project Operations & Product Management Antonie Botes. The Briisk ITP is a powerful cloud-based insurance solution […]
From policy and claims management, insurance product configuration and premium collection, to white label distribution with tailored customer journeys - Insurance Software is disrupting the insurance industry. Especially driven by InsurTechs, insurance software innovations are designed to make the current insurance model more efficient, reduce costs and speed up time-to-market. Customers benefit from more convenient […]