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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

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.

Trends Report 2019

Article Synopsis :

Whether you believe it or not, says Tällt, the tech giants Google, Amazon, Facebook or Apple (GAFA) will be moving in on the industry in the very near future.

 The Digital Insurer reviews Tällt’s Report on Trends Report 2019

Tech giants are preparing to storm the insurance market 

There will be significant market disruption when they do. Some British price comparison brands saw a 10% drop in their share price because Amazon held talks with UK insurers.

Lowest common denominator

Brand and price is what drives consumer choice and GAFA have both sides covered. They have brand recognition, great customer service and deep pockets.

They also have access to an awful lot of personal and purchasing data on millions of consumers around the world.

Complacency can kill

Incumbents should not consider the risks to be remote. Though insurance is heavily regulated, giving existing players the edge. And yes, Google has failed in the past to compete in price comparison on both sides of the Atlantic.

But they are not set back by failure in the same way. They still think like startups, get up, dust themselves down and try again.

Don’t expect loyalty

And consumers will buy, too. In April 2018, GlobalData reported that more than 30% of UK consumers would consider switching their insurance to a GAFA product.

So, the tech giants are coming for the insurance industry. Look at the amount they are investing, recruiting, acquiring.

They see this is a valuable market and want a piece of it. How quickly the rest of the market catches up will likely determine how much they get of it and how any early partnerships with GAFA develop.

Link to Full Article:: click here

Digital Insurer's Comments

There’s nothing very surprising here, but it’s good to see it put simply: evolve or die.

The paper also carries a number of profiles of GAFA, incumbents and ones to watch.

Innovation alone is not going to be enough, but once we see some players – even household names – fall away, that will be no doubt be the moment of motivation.

Whether it is too little, too late, only time will tell.

Link to Source:: click here

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