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 […]
The insurance industry has struggled to adopt technological innovation and digitally transform. Many insurers rely on centralised legacy systems with huge central databases and closed off architecture, which make it very difficult and expensive for insurers to transform and innovate. As a result, InsurTechs are exploring avenues that large insurance firms have less incentive to […]
Meanwhile, not only new players, new business models, innovative insurance technology and high customer expectations are forcing the insurance industry to perform a massive transformation in the way business is done, but especially the novel Coronavirus pandemic. Agents, brokers, and financial advisors will likely face many risk management and logistical challenges. Insurers may have additional […]