Future of Insurance sector

  •  TYPE: Track    START DATE:  Thursday, September 19, 2019     START TIME: 11:00    LOCATION:  maX 2
Parent Track

Moderator(s):

What will the future of insurance look like? It appears that the digital transformation is nothing new to this industry, and the adoption of innovative technologies will redefine the traditional insurance in the coming years. But what exactly is meant by insurtech? What changes should we be looking forward, and how will it affect the parties involved? in this track speakers will discuss the issues concerning the innovation in insurtech and the trends for the coming years.

Sessions:

How Technology Helps Insurance to Manage the Digital Transformation

Date: Thursday, September 19, 2019 Time: 11:00-12:00

How Technology Helps Insurance to Manage the Digital Transformation
Dr. Matthias Gröbner, Detecon International GmbH

Insurance Industry is moving its business model from product to service provider, in addition significant cost savings in IT and operations are required to push innovation and agility. Technology along the Insurance Value Chain can help to address these challenges, e.g. Customer Analytics, Standardization of Processes, Automation, IoT based products in Digital Ecosystems, Legacy IT Migration or Cloud Strategy. Many insurance companies start individual independent projects, but a coordinated...

Three Steps to Separate Insurtech Wheat from the Chaff
Karl Heinz Passler, Baloise insurance

Motivation: Insurers need to spot the really useful InsurTechs Overview: Template of three simple steps (from long list to ready to scale) Step 1: Pick the right InsurTech startup (based on Pick the Perfect InsurTech Startup) Step 2: Match the right Use Case (based on value chain analysis) Step 3: Prove the Business Case (based on MVP with build measure learn cycle) Process at a glance (including results after each step) Example of a leading insurer (case study)

Panel: Insurtech: Leveraging Digital Innovation to Transform Insurance Sector

Date: Thursday, September 19, 2019 Time: 12:00-13:00

Panel: Insurtech: Leveraging Digital Innovation to Transform Insurance Sector
Lukas Naab, MINDS-Medical GmbH • Uli Kleber, Accenture Management Consulting • Karl Heinz Passler, Baloise insurance

Digitization is revolutionizing every industry and insurance is not an exception. As the Insurtech startups are growing day by day new technologies and tech-driven business models become a vital part of every business. Traditional companies need to adapt and modify their business processes, integrate the newest technologies to compete on the market and redefine themselves but this road toward innovation is always full of obstacles and challenges which need to be overcome to navigate in...

Blockchain in Insurance – Solution in Search of a Problem?
Lukas Wagner, Clyde & Co

While the big crypto boom of 2017 seems to have faded, there is still much talk about potential Blockchain use cases in all kinds of industries. Insurance is no exception to that rule. But what value can the technology with its somewhat anarchist roots add to insurance? The presentation will give a brief overview over different aspects of Distributed Ledger Technology to then examine potential use cases in the insurance industry.


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