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Finnovating is a Matching as a service platform that enables X-Techs from all around the word to connect , collaborate and get the funding they need to grow from investors and corporations globally. The Finnovating platform is a space were the key players of the Tech industry can connect together easily and boost global Tech innovations.

SØNR

Sønr is the world’s most comprehensive source of innovation intelligence. It is a subscription platform used by some of the best known insurance companies globally.

It tracks millions of companies around the world and provides insight on the latest market trends, the startups and scaleups reshaping the industry, and intelligence on how other big insurers are innovating.

Sønr includes a suite of tools designed for teams to better collaborate and connect. From recording meetings to capturing and sharing Notes, to being able to track and share activity across the company using Watchlists and CRM boards.

The platform is backed up by a team of consultants, researchers and analysts who support clients in discovering and creating new business opportunities.

The Day of Digital Reckoning – BAIN & Company

Article Synopsis :

The time is ripe for insurers to shift focus from the past and re-envisage their future. The whole world is embracing digital technology and insurers need to adapt to the new paradigm for a sustainable competitive edge.

Digital has Enable an ” Omni Channel” Approach to Insurance

In the report titled “The Day of Digital Reckoning “ BAIN & Company discuss step-by-step journey to become the digital insurance enterprise. According to the report, seizing the digital opportunity will require a deft touch and a concerted, ongoing effort in four strategic areas given below:

1. Embracing an “Omni channel” approach
2. Redesigning core operations and underwriting
3. Upgrading the IT platform and organization
4. Fortifying the franchise.

The report also showcases successful tools and technologies like E-trade, bar code scanning app, in vehicle telematics devices etc., that are helping insurers to strengthen the digital business model.

Bain recommends insurers commence their digital transformation with an initial assessment answering questions such as

• Where is the current business model under greatest pressure?
• Which digital trends are most urgent for protection, which for seizing opportunities and which can bear watching?
• What is the scale of the implied effort?
• Which areas do target customers most value, and therefore deserve investment?

Link to Full Article:: click here

Digital Insurer's Comments

The Bain report crisply identifies the critical importance of building solutions for the “Omni channel” or hybrid customers who want to use the channel of their own choice and convenience and expect their insurers to have a consolidated view of their entire relationship.

They also implicitly acknowledge that the scale of the challenge for incumbents is such that new ways of delivering technology are required incorporating iterative approaches for delivery of functionality.

Link to Source:: click here

 

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