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FINNOVATING

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.

Transforming Insurance – Razorfish report

Article Synopsis :

As emerging technologies disrupt critical elements of the insurance value chain, traditional players relax their historic cautious approach toward digital investments. Now, mature providers, along with innovative startups, are aggressively making big bets that promise to reshape the basis of competition as the global economy becomes increasingly connected.

 The Digital Insurer reviews Razorfish’s Report on Transforming Insurance

Four steps to digital transformation from Razorfish

In the report “Transforming Insurance”, Akbar Bhaidani from Razorfish explores several technologies that every customer-obsessed insurance company should have on their radar. The report maps four insurance functions to key emerging technologies capable of driving growth and competitive advantage:

Mitigating Risk

  • Internet of Things (IoT) enables real-time monitoring and risk mitigation
  • Wearables improve information accuracy
  • Telematics harness vehicle usage data

Solving Business Problems

  • Machine learning adds speed and accuracy to problem-solving
  • A smarter personal assistant offers similar benefits
  • Unmanned aerial vehicles (UAVs) go where adjusters can’t

Expanding Reach

  • Crowdsourcing expands enterprise knowledge
  • Video chat enhances customer experience

Tapping Emerging Markets

  • Peer-to-Peer (P2P) business models
  • Games engage & educate

The report also offers four recommendations to steer the course of digital transformation toward enhanced customer engagement, better products and efficient business operations:

  • Launch an aggressive digital business strategy and roadmap
  • Plan for digital’s increasingly disruptive impact on distribution
  • Look outside the insurance sector when benchmarking your digital experience
  • Make independent investments in innovation

Link to Full Article:: click here

Digital Insurer's Comments

In today’s connected and hyper-competitive world every customer interaction matters and the key to success lay in delivering the best possible experience. Embracing the technologies mentioned in this report will help create a ‘next-level’ customer experience.

Digitisation reduces entry barriers. On the one end you have the digital giants like Google and Alibaba who feature essentially free computing. On the other end there is the emergence of cross platform plug and play models  leading to new forms of competition from focused, fast-moving p2p, mobile and technology based startups. These players are better positioned to scale up rapidly at lower cost than traditional insurers. The best way to avoid getting sandwiched between the giants and the startups is to transform and transform fast.

Link to Source:: click here

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