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Arthur D. Little

Arthur D. Little has been at the forefront of innovation since 1886. We are an acknowledged thought leader in linking strategy, innovation and transformation in technology-intensive and converging industries. We enable our clients to build innovation capabilities and transform their organizations. ADL is present in the most important business centers around the world. We are proud to serve most of the Fortune 1000 companies, in addition to other leading firms and public sector organizations. For further information, please visit www.adlittle.com

Homelyfe launches B2B platform to enable digital innovation at start-up speed

In View Summary

HomeLyfe, a UK based insurtech, has launched a new digital insurance platform called Aventus which allows challenger and retail banks to integrate with any insurer to create a seamless buying experience. The aim is to make insurance simple and customer-centric by streamlining the quote process. By enabling banks to integrate seamlessly with trusted insurance brands through the Aventus platform, which results in an insurer-agnostic platform.

As an insurer-agnostic platform, Aventus connects the digital marketplace, empowering banks to integrate with any insurer and pass first-party data securely and compliantly. The platform leverages third-party data to augment question sets and ensure that banks can offer any insurance frictionless.

Found in 2015, Homelyfe’s mission is to make insurance simple and customer-centric by streamlining the quote process

Peter Goodman, CEO and co-founder, Homelyfe has said of the Aventus launch “ Just as Salesforce has created a platform that enables businesses to build and develop their business,  the Aventus platform allows an old industry to innovate at start-up speed.

Reported Benefits

Benefits to Customers:

  • Transparency and privacy
  • Operational Efficiency
  • Real-time processing
  • Quick quotes
  • Easier claim settlements
  • Reduced time and costs

Benefits to the Insurer:

  • Automation
  • Improved claims processing and settlements
  • Reduced operational costs
  • Reduced fraud
  • Real-time
  • Highly configurable

The Digital Insurer's View

Today’s customers expect insurance to be seamlessly integrated into products and services on an on-demand basis. However, its difficult for legacy insurers to keep up with this demand mainly because of legacy systems. Though technology is available but for insurers to integrate them with their legacy systems becomes difficult adding to complexity and disconnect. This is where insurtechs like Homelyfe helps. Insurance companies can leverage Homelyfe’s Aventus platform to build innovative solutions for millennials.

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