Sign up and be the first to know

About Hugh Terry & The Digital Insurer

Hugh Terry & The Digital Insurer Video

Contact Us

1 Scotts Road
#24-10 Shaw Centre
Singapore 228208

Write an article

Get in touch with the editor Martin Kornacki

email your ideas at martin.kornacki@the-digital-insurer.com

Pre Registration Popup

itcasia2020 Registration Popup

Share Popup

Prime Member: Find out more

Access a unique programme!
  • 56 pre recorded lesson of online content from industry experts over 7 courses
  • The best in digital insurance for practitioners and by practtioners
  • Online MCQ after each lesson
  • Join the discussion forum and make new friends
  • Certificate upon completion to show your expertise and comitment
  • 3 months to complete
  • Normal price US$1,400 Your Prime member price is US$999
  • Access to future versions included in your Prime membership!
Become a member

Prime Member: Contact Us

REach out to us. Please fill up the form below
  • Let us know how we can help. You can expect a response within 24 hours

Jerry – A digital agency

In Action Summary

Although aggregators have been around for decades, Jerry is eliminating the painstaking data entry element of aggregation with a new take on online personal lines distribution.

With just 5 clicks, your name and phone number, Jerry gets your existing personal lines (home and/or auto) policy, compares quotes across 20+ carriers and provides you with the best quote every time your policy is up for renewal

In choosing aggregation, Jerry is operating in a very crowded space. However, it has come up with a distinctive approach to UI/UX which is increasing the typically low conversion rate for financial services online.

The user experience deployed by Jerry can generate home and auto policy quotes across 20+ carriers and provides users with the best quote every time your policy is up for renewal.

Art Agarwal, CEO of Jerry, has summarized his companies positioning:

Jerry is your personal insurance shopper that shops for your insurance automatically every time your policy is about to renew to find the best price & coverage.

However, at first glance, the model embraced by Jerry does have some minor challenges.

  •  Term for insurance policies is getting shorter. Many known insurers are providing six months policies at a discounted rate, only to increase it over a period of time. With frequent shopping, customers win but insurers may lose. It will be interesting to see how Jerry’s partnership model evolves with carriers.
  • While Jerry has managed to differentiate itself with a fresh take on the user journey as it applies to financial service aggregation,similar platforms may replicate Jerry’s approach in time.
  • The emergence of usage based insurance for property lines in particular will change the value proposition that aggregators are offering the market as consumers will only accept coverage that reflects their exact exposure to risk in real time, a proposition that current property insurance products cannot provide.

Ultimately, although there are countless active insurance aggregators, very few have managed to differentiated themselves and fewer still are bold enough to revamp the UI/UX and policy question sets for insurance.

References

';

Livefest 2019 Register Popup Event

Livefest 2019 Already Registered Popup Event

Livefest 2019 Join Live Logged-in Not Registered

Livefest 2019 Join Live Not Logged-in